leaving initial runner on

I'm pretty pumped about starting in a 3k drawdown this am, staying in the right mindset, trading well, and bringing it back to a little over +1k on the day.


I'm done for the day. If anyone has any questions, or wants to know anything about the trades today, don't hesitate to ask.

haha. I wanted to share one more thing.

I'm in the process of moving, and here's my badass trading setup I traded from today. haha

indextrader7 

I'm pretty pumped about starting in a 3k drawdown this am, staying in the right mindset, trading well, and bringing it back to a little over +1k on the day. I'm done for the day. If anyone has any questions, or wants to know anything about the trades today, don't hesitate to ask.

Good job IT7,,,

Hell, I was pretty pumped just watching it unfold...i got chopped up near the open and ejected with an 11tick loss.
As i watched you getting some of the same action, i like seeing you perservere(?) and keep swinging. That's my greatest failing as i see it...not getting back on the horse.

Anyhoo..2 questions:

1) Does or has volume played any part of your trading and
2) How many rounds of ammo after a day like this

-Mike

p.s. Sweet set-up

catdriver 

Good job IT7,,, Hell, I was pretty pumped just watching it unfold...i got chopped up near the open and ejected with an 11tick loss. As i watched you getting some of the same action, i like seeing you perservere(?) and keep swinging. That's my greatest failing as i see it...not getting back on the horse. Anyhoo..2 questions: 1) Does or has volume played any part of your trading and 2) How many rounds of ammo after a day like this -Mike p.s. Sweet set-up

Let's first start by talking about your weakness. It all comes down to your belief systems. From Mark Douglas, if you,
- Have your edge defined, and have confidence in that edge
- Know, and know that you know, that ANYTHING can happen at any time. You can't predict.
- Therefore there will be a random distribution between your wins and losses, we don't know when.
- Completely accept the risk (part of doing business as a trader, embrace it, don't fear)
- Act on your edges without hesitation (afterall, an edge is nothing more than a higher probability of A over B)
- Pay yourself as the market makes money available to you.
- Continually monitor my succeptability for making errors.
- Understand the necessity of these principles and never violate tham.

THIS ^^^ IS SOMETHING I REFER TO QUITE FREQUENTLY TO MAKE SURE I'M IN THE RIGHT MINDSET.

I used to look at volume all the time. I probably should.... but eh... I survive without it.

Many rounds, many many rounds. haha

@cmmichaels,

No sound on the videos today. Don't have my mic with me at the new place yet. Hopefully they're still useful. If you have any questions about any actions during the trade, let me know where it's at in the video and I'll tell you reasoning (hopefully there was reason behind it!).

indextrader7 

haha. I wanted to share one more thing. I'm in the process of moving, and here's my badass trading setup I traded from today. haha

Ha! Love it. Just shows you don't need 12 (or 2) screens to make a living.

Spent all evening making this... thank you trading software stats for being useless.


Looks like I can really improve my bottom line by having hard stops at -$360 area.