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Catching Big Waves - a trader's journal of surfing the the markets


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Catching Big Waves - a trader's journal of surfing the the markets

  #4191 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011




Inside that web is the 30m 5w target

Started this thread

Can you help answer these questions
from other members on NexusFi?
Trade idea based off three indicators.
Traders Hideout
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Platforms and Indicators
Pivot Indicator like the old SwingTemp by Big Mike
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NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
MC PL editor upgrade
MultiCharts
 
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  #4192 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


Started this thread
  #4193 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


I logged on awhile ago to comment about resistance, and then thought, why? I think it is more pertinent to this as a journal to document that I had that thought.

Started this thread
  #4194 (permalink)
riskarb
Chicago, IL
 
Posts: 5 since Mar 2012
Thanks Given: 0
Thanks Received: 2


researcher247 View Post
Bored as fuck on my month-long vacation on a Sunday night; so I'll throw another comment into this thread.

Hey--overachiever workaholic @GaryD; why don't cha trade an asset class from 4:30am or 5am est up to 6:30am or 7am est full time with appropriate trading size--say @1% of your risk capital per trade (based on avg. risk per trade) and then say--work 75% of your normal workload?

Then when you are working on all your building stuff--you can work at 110%--bust that shit out and NOT compromise your trading?

When you trade you trade (I am sure you can find a great trading instrument early in the a.m. 6E or Dax or Bund or Ftse 100 or whatever). See if you can work your way up in size (no pressure 'cause you keep % of your total margin risk per trade low) and work your way up the foodchain while you are making big money in your consulting?

You work 25% less to compensate for your other 'full-time' job (90-120 minutes is full-time daytrading, btw for many people).

No offense and no worries, but I don't see you upping your contract size and upping your trading salary doing what you are doing now.

If what you are doing now is your thing--then keep doing it. You don't have to burn any bridges with the compromise--but you'll have to go to bed a bit earlier and not drink too many beers if you get up early.

When I am based on the west coast I have to get up @3:45am PST~~so, you'll have that advantage on me!! : )

In Colorado though--you'd have to be up @3am MST--that is not cool though.

Ever thought about just being an East Coast consultant?

peace

hedvig

Yo Bro, where are you at? Still alive? You'll need my wire info for that facebook bet.

  #4195 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


riskarb View Post
Yo Bro, where are you at? Still alive?

I have wondered the same thing.

Started this thread
  #4196 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


Started this thread
  #4197 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


GaryD View Post

I am hesitant to place a resistance zone so close to the possible upside breakout of this trading range, but the tight range of confluence from so many directions is hard to ignore. I have an overlap of at least 6 fibs from 3 timeframes.


Started this thread
  #4198 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

Daily Reflections By Peter Ragnar

"Our task isn't perfection, It's reeling back our hearts and untangling the knot we've tied.
Once we're freed the heart of confusion and clinging we will have found the peace we've sought."

Started this thread
  #4199 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

Net 94

Still playing far too scared... for where I wish I was.

But, comfortable. I am getting to where I prefer that.

Started this thread
  #4200 (permalink)
 arjfca 
Montreal, Canada
 
Experience: Intermediate
Platform: Multicharts
Broker: Interactive Broker
Trading: Forex
Posts: 263 since Sep 2010
Thanks Given: 440
Thanks Received: 91



COTtrader View Post
Hey, Gary,

A trading partner provides, first and foremost, accountability to a fellow trader regarding his trading rules. For those who think "out loud" or on the fly, it is a means of debriefing yourself. Other trading partners share their preferred method of trading or even there system of trade. In essence, a trade partner makes a commitment to a fellow trader as a check on his partner's trading behavior. Not everyone is open to this. Hubris is the enemy of the trader. Those humbled by the markets are often in the best position to work with a trade partner to better understand his/her own trade psychology.

I am not a trading psychologist but am interested in finding someone to "keep me honest." I know, my motive is a bit selfish but also in the interest of those who see the need for a smaller group of trading friends.

Ken

Ken, I like this idea. Yes I also realize that sometime I do cheat on my rules as I have nobody to justify my act. This is a psychological event that I need to be confront with.

Gary: good luck in your new project. Sorry to have used your private journal space

Martin


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