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iqGod's Own Country

  #201 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
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Experience: Advanced
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iqgod View Post
Day 10 ends at +$105 with account now at $30,540.

I traded the ES today because of two reasons: 1. saw a proper setup ; 2. wanted to have it as a permitted product as a LTP / funded trader because you only get the products which you have traded in a combine.

Two good trades, though it was just one trade really (exited and rentered at same price, more of a psychological comfort thing).


Very good strategy, looking forward to an LTP.

Also, very good that you had a good setup and a good trade....

Good going on the Combine.

Bob.

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  #202 (permalink)
 
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 iqgod 
Mumbai, India
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  #203 (permalink)
 
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 iqgod 
Mumbai, India
Legendary Market Wizard
 
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Account is down -$99 and the current balance has decreased to $30,441.

What was the day like - unmindful and I was a bad boy:

1. I was very near DLL at one point

2. Not in the combine but in my real NSE account I took two huge losses today - reason: wanting to be right, unable to take a small loss.

My demons are back and I need to get into my act.

I do not have my thoughts, my thoughts have me.


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  #204 (permalink)
 
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 iqgod 
Mumbai, India
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  #205 (permalink)
 
iqgod's Avatar
 iqgod 
Mumbai, India
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You decide to start a restaurant so you chalk out a plan - soon the hurdles are cleared and you are in business!

Its going to be lunch hour soon. You have actually started setting out the buffet but you are ready.

The first few customers who walk in have to wait for about five minutes as you get into your act. You did not anticipate them but you still manage to keep them happy by chatting to them while keeping an eye on Joe who is getting the steaming rice and tandoori dishes into their places.

Soon you are ready! Guests trickle in at a regular pace. You start tossing out the rotis and parathas only when they are needed so that the guests get them hot. Not a moment soon. Not too late either so as not to displease them.

Ditto scalping. You seem idle staring at the screen but you are ready. Its a different kind of idleness compared to being lazy. You enter only when the setup is to be served. Never too early. Not late so you never chase. You also do not enter without a setup, just as you would never place steaming hot food in front of empty tables.

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  #206 (permalink)
 
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 Big Mike 
Manta, Ecuador
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Nice job journaling @iqgod.

I want to let you and all your readers know that in October nexusfi.com (formerly BMT) has a Trading Journal contest w/prizes. The contest runs October 1 to October 31, and the three best journals (as decided by nexusfi.com (formerly BMT) members) will receive a 150K combine from TopstepTrader.

The contest thread is here:



That thread will be open for posting starting Wednesday, October 1. As the author of your journal, you need to make a post in that thread linking to your journal, and then ask users to press the "Thanks" button on that post if they want to vote for your journal to win the contest.

Members can vote for as many different journals as they want. Votes are cast in the Contest thread only, and only on the first post made by the author of the journal that contains a link to their journal. This is done so I can easily count the "Thanks Received" by author/journal, and award the three prizes.

Mike

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  #207 (permalink)
 
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 iqgod 
Mumbai, India
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Day ends at +$94 with the account standing at $30,534.

As you can see from the charts:

1. Entered early (to that effect allowed too much drawdown)

2. Exited early (to that effect missed all trends)



In effect I keep reaching my 'burnout point' and ending without the number of gold nuggets I had anticipated - mostly because of impatience and fear. See the clustering of entries and exits - it is a lack of courage and lack of belief.

Herein I again renew my promise to myself.

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  #208 (permalink)
 
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 iqgod 
Mumbai, India
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I took a last trade which was a one tick winner hence the day end profit was $103

Account is at $30,543 instead of $30,534 as seen in the report.

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  #209 (permalink)
 
iqgod's Avatar
 iqgod 
Mumbai, India
Legendary Market Wizard
 
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On Day 13 the account currently has a profit of +$130 and stands at $30,674.

Allowing the natural way of trading does not come natural (to me, and all strive with with this "letting a winner run" I suppose) i.e. take a trade and allow it to reach target or to hit the stop which is kept moving (a "tipping point" beyond which premise is shaky).

First trade - the target point was moved two ticks.



Second trade - the target point was moved five ticks (was scared of a double bottom getting printed - a clear case of "no faith in method")


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  #210 (permalink)
 
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 iqgod 
Mumbai, India
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Posts: 1,802 since Feb 2012
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