Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Catching Big Waves - a trader's journal of surfing the the markets
There is another possible higher timeframe story I just saw... W5 played out on the daily, and a break below the blue zone heads for minimum WC, maximum W3. A break below today's low...
Can you help answer these questions from other members on NexusFi?
Possibly this is in line with what I was saying about boot camp; maybe you had to break yourself down to rebuild yourself with a different view.
Or, maybe the skills you acquired during your time as a scalper have been absorbed into making you a better swing trader.
Or, you needed to run through the entire world of what is out there before you could ever begin to know what is best for you. And knowing yourself is the best thing you could ever do. When you are right, you have to be able to allow it to be, and that requires believing in something.
I wonder if trading would feel any better if I did not watch my P&L right in front of my face? I watched a webinar with FuturesTrader71, found it by following threads about market profile. He said he does not like to see anything that suggests where he is on P&L. Brings out his "monkey".
I trade off the chart trader. I despise trading off the DOM. But if I could turn off the red and green colors...
6 ticks short. silly trade. Really just sitting here contemplating why I feel uncomfortable in a trade, ever. There are only two things that are going to happen. If I trade small enough, which one of them matters? Neither.
I could be down 50 ticks on the day, and flat, and feel less fear than if I was up 50 ticks and still in the trade. What is fear of winning?
I could say, an understanding of probabilities. And in some cases that might be right.
I could say, lack of confidence, and in some cases, that would be right.
Lack of acceptance of the risk I took? Maybe.
Experience of elusive profits. Valid, possibly.
The greater the time, the greater the unknown. That I do believe. But maybe the idea is to begin to elongate that time? Slow it down even? Experience a day as I once felt 10 minutes?
A part of me believes, I could scalp size. Another part says I am a fool. Impatient. Greedy. Immature.
A devil on one shoulder, angel on the other... But which is which? Both claim to be the real deal.
I would think, go with the more conservative approach. The questioning comes from the knowing, that in the process of becoming a trader, we are all damaged. There is pain, and we retreat.
I often see this weird irony, of learning to become succesful by learning to be afraid. We call it "respect" for the market. But, is it not just a learned behavior? Having been to the lowest of lows, as most traders reach, and if someone reads this who hasn't, give it time...
The concept of being so thankful for a profit.. is it shameful? Or just reality?
Do we get beaten into submission, the analogy of boot camp, where we are broken down to be built back up... but then, we are on our own to rebuild. There is no master sargeant to guide us. So we break down, and then what? What is the "program"?
There is none, we make our own.
The hilarity of that, that so many of us choose that path, of defeat, of humility, tear ourselves into nothingness, believing in a greater cause. "We Shall Emerge!" And it will be glorius. Money beyond belief...
Really?
There is this part two to the story, where things get a little vague.
We are alone, scared, gun shy, very few people can help, and even those... really can't help that much. It is an individual thing.
So the deciding moment, is not just whether we get up again after being knocked down, it is also how we decide to get up, what level of "up" we are willing to strive for, or accept...
Open chart trader on the right hand side of the chart>right click somewhere on the bottom of the chart trader portion>select chart trader properties>choose colors for stops and targets.
Easy peasy
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
You could enter the trade and then turn chart trader off so you can watch the trade objectively. I do that sometimes. I put a line at the stop and target levels and then just take them off when the trades over.....
If you need to modify the stops and targets, turn chart trader back on...
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
