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Mergodon TopSteptrader Live Account Journaling

  #221 (permalink)
 
Cachevary's Avatar
 Cachevary 
Russia,Khabarovsk
 
Experience: Beginner
Platform: NT
Trading: Gold
Posts: 407 since Feb 2014

Keep them winning ones run!

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  #222 (permalink)
 
Cachevary's Avatar
 Cachevary 
Russia,Khabarovsk
 
Experience: Beginner
Platform: NT
Trading: Gold
Posts: 407 since Feb 2014

Here`s the secret(don`t tell anyone).According to the Murphy's Law,what might have happened will happen without fail.The good news is that this rule also implies to the positive event/outcome.

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  #223 (permalink)
 
matevisky's Avatar
 matevisky 
Nelson, New Zealand
 
Experience: Beginner
Posts: 470 since May 2013
Thanks Given: 633
Thanks Received: 1,533


Great close of the day, with a morning run. I am getting back my old habit, run every day of the week, which is great. I do not afraid about that I will not run during the winter, which is also great, So knowing this give me more power to start knowing other things as well. Life is great!

Máté
Full time trader Live journal here
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  #224 (permalink)
 
matevisky's Avatar
 matevisky 
Nelson, New Zealand
 
Experience: Beginner
Posts: 470 since May 2013
Thanks Given: 633
Thanks Received: 1,533

My wife is out with the kids. I am at home, and doing what I love to do. All the must have activities done for today, so the sweet part coming:
- 2 chart
- 1 excel sheet
- 1 good wine

Doing historicals. I did not do it, with my new indicators (levels etc), so it is time to analyze it again for the last 350 days... 1 month/day is a good speed I guess. It is not about finding a holy grail, it is about knowing your system past performance.

Máté
Full time trader Live journal here
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  #225 (permalink)
 
matevisky's Avatar
 matevisky 
Nelson, New Zealand
 
Experience: Beginner
Posts: 470 since May 2013
Thanks Given: 633
Thanks Received: 1,533

Funny story from the weekend, what I can not tell you, but got me thinking about my gambling issues. All books and studies show you are not able to cure the addiction, the only thing what you can do, is to avoid it. I was thinking about this stuff a lot. I was the biggest gambler, when I had a lot of money to spend and there was no real reason to living. Than I met my wife, she helped me a lot, but where she did the best is she show me a future life a possibility what I can live on. I am not saying that after that I never felt some temptation to go and play in casino, but I accepted these studies, and things, I have managed these feelings.


When I have been started to learn trading, my biggest discovery was, to see how much better way to spend my money where at least I have a chance to win. Same thing, playing with odds, but at least the odds could be in your favor. But and here is another important thing. Even if there a strategy in casino to beat the bank (meaning they are doing it for charity) the gambler would lose money in a long run.

This is very important. Because you have to change your mindset, not only from I am doing it for fun, but I would like to earn money from my system. So if you KNOW by fact, how your trades looks like, what is the Take Profit level which should be hit, in which time, than you are throwing away money, also if you are not playing by your books. One trade, and one act never ever could justify the methodology is right or wrong behind it. It will be only statistic...

So with this change and yes - mind over body does matter - I do not feel any temptation to go to casino at all. It is just like trading a market without data (not without chart, because there at least I would have some chance ).

And I hate this picture. Ofc it is a good one but I hate it. Because what you need as a start a feasible plan to know where is the treasure. So you can dig as much as you can, with

Quoting 
"clear eyes, full hearts"

But you CAN lose. So my belief is work smart, and work hard, and you can't lose, because if you have the right mindset, and you do the right thing, you are already a winner!

Máté
Full time trader Live journal here
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  #226 (permalink)
 
matevisky's Avatar
 matevisky 
Nelson, New Zealand
 
Experience: Beginner
Posts: 470 since May 2013
Thanks Given: 633
Thanks Received: 1,533

We had a good conversation today with @daddy. He was complaining about a good medatation course here in Hungary. My belief about it to do not try to start big. @bd92154 also mentioned good sites, but I was looking for something else. I was not able to explain it what, but else. So I was listening Tim Ferris today, and told my self, what the hack, I will give him a credit, to spam me emails. Lets see what happens ( Tim Ferriss and The 4 Hour Workweek ). So guess what. One of his favorite app is headspace. This is what I need. This is what you need if you would like to start mediation, and you are a total newbie just like me:



So if you are not running with me, lets start the meditation together nick name: mergodon
https://www.headspace.com/

If you would like to join me to jogging same nickname: mergodon
RunKeeper - Track your runs, walks more with your iPhone or Android phone - RunKeeper

Máté
Full time trader Live journal here
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  #227 (permalink)
 
matevisky's Avatar
 matevisky 
Nelson, New Zealand
 
Experience: Beginner
Posts: 470 since May 2013
Thanks Given: 633
Thanks Received: 1,533

So, my market view was drop, drop hard. Based on my analysis (later I have been checked again, and I was wrong obviously ) I was 100% sure about the drop. After the 2. gift, it was hard to put my mind into a right place but I did it. I was waiting the market, to comeback for me, and enter long. I believe this is one of the hardest thing to do. You have the confirmation about your plan has been failed, but you are not allow to enter at the confirmation, you have to wait to come back (which could be another confirmation to go down right ) Oh lol... anyhow. Entered long, made a trend target (40 tick based on my level indicator as you can see...) and wait.

Market come back again. Big breath. Wait... smile...

This is when your mind body is at the right place at the right time. Maybe the first trade was early, but hey, I had a view to dropping, it was a cool entry

Máté
Full time trader Live journal here
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  #228 (permalink)
 
matevisky's Avatar
 matevisky 
Nelson, New Zealand
 
Experience: Beginner
Posts: 470 since May 2013
Thanks Given: 633
Thanks Received: 1,533

I am proud. I was checking back the market moves, and I played out very well the math. My winning trade was taking out the most probable Take Profit level based on my studies. Yes I have excel sheet, I know the math behind, and I know what to expect in the first 90 mins. But to hold the trade after 2 gift till hit the target, that is something...

I am showing the picture just because what the market did after that is very common - normal rotation day: shoot up, come back to opening range, shoot up again. The 2nd shoot almost hit the TP3 level 5 tick miss. It is very wise to take this trade, but only if the picture is pretty like this. Never ever take this kind a trade prematurely
See you tomorrow!



PS: And once again. It is one thing to know what is the outcome, but another thing is to hold a trade with full scale to hit it. Hm... these kind of trades give me great confident about the work and study what I put into it And ofc you right. You will never now, but you do not have to know. You are calling a trade which is 1:4 R:R, and you know that you have more than 50% chance to hit TP2 a situations like this. After that you do not care is it today, or next week, you have to go for it!

Máté
Full time trader Live journal here
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  #229 (permalink)
 
matevisky's Avatar
 matevisky 
Nelson, New Zealand
 
Experience: Beginner
Posts: 470 since May 2013
Thanks Given: 633
Thanks Received: 1,533

Question: You have a gameplan you have to run every day, before trading. You can always make a judgment call not to run, if the it is wise not to do it, but the plan is simple, run if you can do it. So, it is raining hard. You are sitting in the room nice comfortable chair, it is hot inside, checking mails etc... Will you go for it or just cancel it because of the weather?

Ofc I did go for it. I am not saying I am a superman, and I will do it every time (even it is snowing etc...) but EVERY time when I can do it, every time, when I can put my mind over my body needs, it is a great step forward

Quoting 
to let myself know WHO IS IN CONTROLL. Not my emotion, not my comfort, MY MIND



Takeaways
- Join to jogging with me: mergodon @ RunKeeper - Track your runs, walks more with your iPhone or Android phone - RunKeeper
- Join to meditate with me : mergodon @ https://www.headspace.com/
- Play luminosity Brain Games & Brain Training - Lumosity

Máté
Full time trader Live journal here
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  #230 (permalink)
 
matevisky's Avatar
 matevisky 
Nelson, New Zealand
 
Experience: Beginner
Posts: 470 since May 2013
Thanks Given: 633
Thanks Received: 1,533


It was easy. I moved my stop, dont know why. Paid my price, stopped out by 1 tikc (if i would not moved, it would have been a winner)
Reenter, than worst exit ever
Become crazy, than see clarity, and managed the profit target well, as you can see

So this is what it is. A winner

Ps: Otherwise, the VPS was slow from home, but it is my internet fault. At my friend where I am right now, this is perfect... shit, need a better provider
ps2: THx @daddy you were a good trading buddy

Máté
Full time trader Live journal here
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