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maybe I was unclear on scaling thing, in TraderEX case, he got himself permission to add 1 contract for each 1500 bucks he made. Maybe it's not the best word to describe it.
I hope this isnt a prelude to a freezing winter.Every day, on my iPhone, i flash the weather for Tampa Florida to my wife...she rolls her eyes...i am constantly doing this to her...
weekend review.So, i make video recaps each day,and i try to watch them each day.Also, on the weekend , i will review the entire week with these videos.The recaps are about 10 minutes each, so its quick and to the point.The realization i have started to have is that the majority of the day is noise.In watching the webinars from FT71 and SMB,and the new prop shop webinar last week, a few things are very apparent to me.I cant keep trading the whole day,like it makes sense to me ....it doesn't.I might get lucky and nab a doub top/bottom here and there, but not usually.Atleast not with the current strategy i have.The pros keep saying over and over...develop 1 play,and only trade that..over and over.If the play gives an edge, stay with it.Over time, raise the size.This play gives me scales as well, as it developes.I like the simplicity of this.I see this play easily.As the trade developed, i am starting to see the adds on the pullbacks.I can see this habitual routine enables me to relax, and kinda detach from the trade.As i recap the week, i listen to the comments i make, which might be contradictory to a comment i might have made a month ago.Thats ok.I need to trust the simple tools i have.Total trust.For now , stock emas and just a simple macd,to indicate divergence, and follow thru.I took the vwap off a while ago.Eventually i might bring it back.Im sure it ties in with the emas at some points,but too many lines get me jamed up.I want it simple.So simple, i can glance at the chart and know where im at.Im very busy getting my family ready every day for work and school.My 32" monitor sits on the corner of the kitchen counter(hard to believe im getting away with this.)I still miss trades, and im working on that.Im active on forex from 5 am to about 11 am.Thats plenty.That even might change,,,,,looking for a part time job after 9 am.Gotta get out of the house!I t would be much different if i was making $, but i figure, 4 hours should give me enough trades each week.Also, i dont love Forex.Eventualy i would love to get back to the minis(YM,NQ, and dare i say,,,,,cl) but for now, until i build a foundation , forex it is,,,and thats fine the trades are thereeach week.A lingering feeling ive had for a while, is that i would love to be able to scalp, and be active in the market much more...i havent been successful in any way with a strategy.It brings me into the quicker time frame charts, which aALWAYS get me into trouble.So for now, no changes.In fact, i just finished my 2nd week of no chart changes....a big milestone for me...might sound sily, but im a habitual chart changer.So, i need to not do that!Anyway, i am about to head out for some tae kuon do...need to exercise, work off the stress!This week i spent some time viewing some other journals...PA DAX,rdaytrader,ninjas,rracer,blue eagle, Bradenton,Gruttpier and a few others.So many styles.Many traders working hard to make it happen..have a great weekend
Bob
( ) I had just about decided not to mention how hard it was to read that post, until I saw Ron's comment....
I did like it and I'm glad I pushed through to the end, but it was hard going. I got lost a couple of times in the middle and had to go back and find where I was again. If you could skip a line now and then to break it up, and put spaces after periods, it would be much easier to follow. It reads more like a long text message now.
Not a criticism, just meaning to be helpful. I am very long-winded (much more than you) and I have had to find ways to break up my thoughts on the page if I wanted anyone to stay until the end....
Good thoughts in that post, though. I'm starting to think about doing many of the same things, especially the part about not changing charts. I've also been thinking about your recent posts about doing a video review.
It's great to see you are making progress. Keep it up.
I like the style of your videos. I think it's important to be able to verbally speak about the trades, something I don't do now. I'm going to try to make video recaps as well (for myself). I downloaded Audacity for the voice recording, Sharex for video recording, and Blender to put it all together. It's the first time I'm using this software, so curious about what you're using to make your videos.
"It does not matter how slowly you go, as long as you do not stop." Confucius
Thanks Jack..I use Camtasia...it is so effortless.Basically open the program, press record..you can control the size of the picture, if you have a wide monitor...too easy.I only use the basic stuff, which i think is apparent by watching the videos!Good luck
Bob
) I had just about decided not to mention how hard it was to read that post, until I saw Ron's comment....
I've also been thinking about your recent posts about doing a video review. 