Some of my posts include words that have outside meaning to me, so that I can reference a certain experience, or conversation, or time in life. In a recent conversation with a trader that I have the utmost respect for, and consider to be the most influential in my trading to date, I was recently told about an old bull and a young bull that were standing on top of a hill, admiring the herd below. The young bull says, "Let's run down there and fuck ourselves a cow!" The old bull says, "How 'bout we walk, and fuck them all".
It may not make any sense out of context of the rest of the conversation, but it was another "ahah moment" for me. It dealt with timing, waiting for trade setups, not caring which market is on the screen, realizing that there are more opportunities out there on a daily basis than could ever be acted on. And the reason it applied to yesterday was that I traded in four futures markets and 2 forex pair, one right after another, and while I did lose in one of the forex trades, i fucked the other five.
Of course, I did know what I was looking for, I have worked very hard this past year making some changes to my psychology, and I had to make it a lot harder than it needed to be. That last point I am still in progress with, but I am feeling strong and seeing the results, and very happy that I finally made the leap into full time. Sometimes that exuberance comes across as narcissistic, sometimes it is aided by celebratory pale ales.
I guess I am just cow crazy.
Last edited by GaryD; March 1st, 2014 at 08:46 PM.
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That is exactly how I view the London session. Only as of very recently, but since I had never heard of Lumosity it clicked very fast... the idea being that your mind is warmed up, and there will be a new response to price that is statistically significant. The "open" is it's own thing, regarding price location probabilities, regarding risk to reward, regarding volume expectancy
In CL it is A period, related to Y VA, related to VWAP, related to expansions from a mean, related to trend
and then you just get in and ride that shit
Last edited by GaryD; March 2nd, 2014 at 12:32 AM.
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That my friend was the reason I needed to commit to full time. Now, I trade when I want and I sleep when I want. I have zero outside responsibilities. We have 2 dogs, 1 cat, no kids. I have zero debt. (Bankruptcy has some positives)
I traded London because I wanted to, just woke up around 4am, started skyping with a friend, saw a good trade, and the day was on.
I am loving it. Getting into my groove, traded 5 markets today: GBPUSD $7.50 (FXCM), ES $187.50 (MIRUS), CL $840, TF $850, and GC got me for -$90 (OPTIMUS), but that chart is still open and I have my eye on it. LOL!!!
I can relax into a trade, getting in or getting out. There is nothing else when I start into trade mode, and if I have an appointment to play disc golf, I just do not get into a trade. ezbreezy