If you forget your trades next second then what's a point of taking it? When you took a loss you should remember it to try do not get in the loosing setup again. Same way with winners. Remember how does it look like and wait for the same setups.
I mean it's good to forget about losses when you trade live so they don't make you angry and do not affect your next entries, but after you done you have to go back and find a reason why it didn't work and try to avoid it next time. I understand that every setup is different but with time you can see more less similar conditions.
As I know you are a business man and you just said "some people do statistics, just not me". If you want to make living trading you should treat it as a business. You don't have to spend time to fill up a spreadsheets, NT can do everything for you. Just go to statistics and account performance. Look at the weekly monthly reports to see where you stand. How do you know when you are ready to trade live again? Sometimes you have a few good days a week and you think that you are good now but when you look at statistics that's not so great. How do you know how you are doing and what is your goal?
Simple. I go back live when I am 2+ points a day for 2 months at minimum. Preferably 3 on both. I believe I will know when it is time. Not something a number is going to tell me from Ninja Trader in my opinion.
I think there are just different personalities who find security in different ways. To me, money talks the rest doesn't mean much. I trade like I would with real money or at least I believe I do and I can also tell when I fall out of that 'feeling'. I did the other day when I clicked away for 30 minutes because I was angry etc.. haha..
Good job on that short. You called it earlier when you said it will probably go to the 76 etc..
I was just placing arrows at that point and eating my breakfast. I will start going in a little later as the best runs have all been a bit later lately. I did run that trade that you were on and I got I think 6 points or so out of it on 2 contracts and would have been knocked out on the 3rd when it did the deep retrace.
It is looking a lot clearer later in the day lately.
Took 3 trades today. 2 of them loosing and 1 winner.
I saw a signal to revers, but I think that's enough for today. Tomorrow another day.
My goal is to get 2-3 point a day for now and if I get to that level I might raise my goal. I don't want to drown in my trades. I want to keep it simple so I can concentrate on each trade and remember setups.
Still have 15 mins limit so 2 videos again.
The following 2 users say Thank You to vovan348 for this post:
Good job! I was done trading by then pretty much. I did take the same short, but didn't get filled. I didn't feel as confident that it was headed down, and I thought there was more up so I was being cautious.
You did a great job on that long. I took short there. Haha...
When I looked back it was pretty clear but I didn't see live.
On that short I was sure we are going down. And after I exited there was a nice setup for long but I kinda felt tired after that short. This a first time I felt that way.
Yes, sometimes your brain says to relax. As someone who comes from a world of too much too often, then I have to calm my mind down a lot.
Good you can listen to yourself like that. I didn't feel the same way as you on that short you took. I didn't like the 'area' that it turned around in and seemed just short of a major couple of areas so....
It wasn't in my video, but I put another arrow on bar before the breakout down. I would have taken at least 2 points on the first 2 and about 4 on the last one. It was a nice run.
That long wasn't as clear to me on my review. 4181 was definitely saying going up though, and I finally listened!