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The PandaWarrior Chronicles
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The PandaWarrior Chronicles

  #1351 (permalink)
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One Day....


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With enough effort and stickability my journal will look like Panda's. Thanks for helping to light the way.

know thyself
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  #1352 (permalink)
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mokodo View Post
With enough effort and stickability my journal will look like Panda's. Thanks for helping to light the way.


3 years of near obsessive compulsive chart watching and indicator tryouts plus 1 year of trying to relax and let it flow. Not saying it always does but its getting better.

I wish I had just let it flow in the beginning but not sure that could ever happen without the 3 years of obsession.

I will say this though, the time period would have been a lot shorter if I had stuck with one thing long enough to actually learn it. In the end, price action is where its at and the sooner one makes that commitment the better.

Good luck.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris

Last edited by PandaWarrior; January 23rd, 2013 at 07:25 PM.
 
  #1353 (permalink)
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.......... if I had stuck with one thing long enough to actually learn it. End the end, price action is where its at and the sooner one makes that commitment the better.......

Good luck.

Simplicity and persistence. Words to live by

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  #1354 (permalink)
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One and done today.

Didn't sleep real well last night. Not sure why but got up pretty tired and stiff. Sat down, took a look at the trend lines, marked in a potential resistance level and looked to take a smallish profit today and be done.

Got lucky on the first try, out with 20 ticks, no heat and done for the day. I know some people say doing this is stupid but I look at it in terms of dollars per hour vs a regular job. This means on CL I made $200 per contract today in about 20 minutes. Thats $20 an hour over a 10 hour work day. I'm good with that. Especially since its possible and reasonable to expect to scale up over time and turn those 20 ticks into something far beyond that. And while I'm small, its ok to take 29 ticks for the day and be comfortable with that. Perhaps I should press it today. Who knows. Maybe I make and lose 20 ticks several times throughout the day. Why not just take my money and run?

I'm gonna watch for about another 20-30 minutes then its off to other things.

Cheers.


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  #1355 (permalink)
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PandaWarrior View Post
One and done today.

I know some people say doing this is stupid but I look at it in terms of dollars per hour vs a regular job. This means on CL I made $200 per contract today in about 20 minutes. Thats $20 an hour over a 10 hour work day. I'm good with that.


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I use the same reasoning as you. I've learned the hard way with my demon Mr. Greed so he's no longer welcome.

Nice work Brian, enjoy your day.

Rick

"If you're going to panic during a trade............. panic early."
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  #1356 (permalink)
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Was gonna be done today after the first little trade and then I noticed yesterday was an inside day. That made me think we might make a play for the LOD and I decided to try for it. First attempt was stopped out and I realized the play was for the LOD, not for a scalp and I might need to give it some room. So I did on the second attempt and then it took forever and I ran out of time to manage it.

So This is what I ended up with. It did run a bit further before reversing but thats ok, I got the LOD of today's Globex and while its possible the LOD of yesterday may come into play, I can't sit and watch it.

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Last edited by PandaWarrior; January 25th, 2013 at 01:53 PM.
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  #1357 (permalink)
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First the link: Discomfort Zone: How to Master the Universe : zenhabits

Then the post:

Discomfort Zone: How to Master the Universe

ĎThe only thing I canít stand is discomfort.í ~Gloria Steinem

By Leo Babauta

Of all the skills Iíve learned in the past 7 years of changing my life, one skill stands out:
Learning to be comfortable with discomfort.

If you learn this skill, you can master pretty much anything. You can beat procrastination, start exercising, make your diet healthier, learn a new language, make it through challenges and physically grueling events, explore new things, speak on a stage, let go of all that you know, and become a minimalist. And thatís just the start.
Unfortunately, most people avoid discomfort. I mean, they really avoid it ó at the first sign of discomfort, theyíll run as fast as possible in the other direction. This is perhaps the biggest limiting factor for most people, and itís why you canít change your habits.

Think about this: many people donít eat vegetables because they donít like the taste. Weíre not talking about soul-wrenching pain here, not Guantanamo torture, but a taste thatís just not something youíre used to. And so they eat what they already like, which is sweets and fried stuff and meats and cheeses and salty things and lots of processed flour.

The simple act of learning to get used to something that tastes different ó not really that hard in the grand scheme of life ó makes people unhealthy, often overweight.

I know, because this was me for so many years. I became fat and sedentary and a smoker and deeply in debt with lots of clutter and procrastination, because I didnít like things that were uncomfortable. And so I created a life that was deeply uncomfortable as a result.

The beautiful thing is: I learned that a little discomfort isnít a bad thing. In fact, it can be something you enjoy, with a little training. When I learned this, I was able to change everything, and am still pretty good at changing because of this one skill.

Master your fear of discomfort, and you can master the universe.

Avoidance of Discomfort


When people are stressed, they often turn to cigarettes, food, shopping, alcohol, drugs Ö anything to get rid of the disomfort of the thing thatís stressing them out. And yet, if you take a deeper look at the stress, itís really an unfounded fear thatís causing it (usually the fear that weíre not good enough), and if we examined it and gave it some light of day, it would start to go away.

When people start to exercise after being sedentary, they are uncomfortable. Itís hard! It can make you sore. Itís not as easy as not exercising. Itís not something youíre used to doing, and you fear doing it wrong or looking stupid. And so you stop after awhile, because itís uncomfortable, when really itís not horrible to be uncomfortable for a little while. Weíre not talking about incredible pain, but just discomfort.

When people try a healthier diet, they often donít like it ó eating veggies and raw nuts and flaxseeds and fruits and tofu or tempeh or black beans isnít as thrilling as eating fried, fatty, salty or sweet foods. Itís a form of discomfort to change your taste buds, but the truth is, it can easily happen if you just get through a little discomfort.

Discomfort isnít bad. Itís just not what weíre used to. And so we avoid it, but at the cost of not being able to change things, not being healthy, not being open to adventure and the chaos of raw life.

Mastering Discomfort


The way to master discomfort is to do it comfortably. That might sound contradictory, but itís not. If you are afraid of discomfort, and you try to beat discomfort with a really gruelling activity, you will probably give up and fail, and go back to comfort.

So do it in small doses.

Pick something thatís not hard. Take meditation as an example. Itís not really that hard ó you just sit down and pay attention to your body and breath, in the present moment. You donít have to empty your mind (just notice your thoughts), you donít have to chant anything weird, you just sit and pay attention. If you donít like meditation, try a new healthy food, like kale or raw almonds or quinoa. Or a fairly easy exercise if youíre sedentary, like walking or jogging.

Just do a little. You donít have to start by doing 30 minutes of something youíre not used to doing. Just do a few minutes. Just start.

Push out of your comfort zone, a little. My friend and Zen priest Susan OíConnell has a favorite meditation instruction that you can use for any activity actually: when youíre meditating and you feel like getting up, donít; then when you feel the urge to get up a second time, donít; and when you feel the urge to get up a third time, then get up. So you sit through the urge, the discomfort, twice before finally giving in the third time. This is a nice balance, so that youíre pushing your comfort zone a little. You can do this in exercise and many other activities ó push a little.

Watch the discomfort. Watch yourself as you get a bit uncomfortable ó are you starting to complain (internally)? Are you looking for ways to avoid it? Where do you turn to? What happens if you stay with it, and donít do anything?

Smile. This is not trivial advice. If you can smile while being uncomfortable, you can learn to be happy with discomfort, with practice. When I did the Goruck Challenge in 2011, it was 13 hours of discomfort ó raw and bloody knees, sand in my shoes as a hiked and ran with 60+ pounds on my back, carrying teammates and logs, doing pushups and crabwalks and other exercises, needing the bathroom and being tired and hungry and cold. And yet, I practiced something simple: I tried to mantain a smile through all this discomfort. Itís an important practice.
Repeat this practice daily. It will be strange, perhaps difficult, at first, but soon your comfort zone will expand. If you practice it enough, with different activities, your comfort zone will expand to include discomfort. And then you can master the universe.

What You Can Now Master


If you master discomfort, what can you now master as a result? Just about anything:

Procrastination. We procrastinate to avoid something thatís not comfortable, but if you can learn to stay with that task, even if itís not comfortable. The discomfort isnít bad. Those of you going through the Procrastination module in my Sea Change Program are learning about dealing with the discomfort of staying with your important task.
Exercise. We avoid exercise because itís not comfortable, but if we expand the comfort zone a little at a time, we can make exercise something weíre comfortable with, after a little repetition.

Writing. If you want to write but always seem to put it off, thatís because writing is often difficult, or less comfortable than checking email or social networks (for example). Stay with the discomfort, and youíll write more than ever.

Eating healthy. Itís amazing how much our taste buds can change over time, if we gradually get used to healthier foods. That means going through small periods of discomfort, but itís not that bad in little doses.
Meditation. We avoid the disomfort of sitting and doing nothing, of focusing on the present. But itís not that hard ó just a little uncomfortable.

Waking early. Waking early means being a little tired for a little while, but thatís not a horrible thing. Read more about rising early.

Learning a language/instrument. Want to learn something new? That means doing something youíre not used to, by definition, and so we often quit before we master this new skill, simply because (you guessed it) it makes us uncomfortable. Stay with the discomfort, and before long youíll enjoy learning this new skill.

Clutter. Clutter is just another form of procrastination. You donít put things away, or you let a pile of things you donít need build up, because itís not comfortable dealing with it right now (as compared to, say, browsing the Internet or watching TV). But dealing with something right now isnít that hard once you get past the discomfort.
Reading novels. We tend to avoid simply sitting with a book, because we are pulled towards something more comfortable (again, Internet browsing as an example). If we can just sit with the book and a little discomfort, we can read more.

Empty email inbox. Another form of procrastination ó you get some emails, maybe look at them, but put off dealing with them right now because itís easier not to.

Debt. This is a series of things we have to deal with that are uncomfortable ó listing out our debts and bills, making a simple budget, doing things that are free instead of shopping, etc. But I got out of debt by finally facing all of these things, and it was wonderful.

New adventures. Many people stay with places theyíre comfortable with, which means missing out on new experiences that might be a little uncomfortable. Even when they travel, many people stick with the tourist sights and food that theyíre used to, rather than finding strange but more authentic experiences in a new land. We avoid meeting new people, speaking on stage, letting go of what we know, being open to new things Ö to avoid discomfort.

And thatís just the start. Within each of these areas thereís many things you can work on over the coming years now that youíre not afraid of discomfort, and there are many other areas of exploration now open to you.
Discomfort can be the joyful key that opens up everything for you.

ĎDiscomfort is very much part of my master plan.í ~Jonathan Lethem

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
 
  #1358 (permalink)
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Bravo!!

Yes agree with the sentiment here - stressed systems adapt and survive.

Borrowing an idea from Nasim Nicholas Taleb's new book 'antifragile'. If you are self-employed you HAVE to go out of your comfort zone, you adapt through subtle changes and flex - and you have more control over whether you can pay the bills. There are good months, bad months, but survival is in your hands. Compare that to the employee who is insulated from external stressors until his/her boss reacts to them and sacks him/her. 100% comfort to 100% discomfort in a split second. Ouch.

Give me the broad open plain of self determination any day - stressors and all.

Happy trading

know thyself
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  #1359 (permalink)
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PandaWarrior View Post
3 years of near obsessive compulsive chart watching and indicator tryouts plus 1 year of trying to relax and let it flow. Not saying it always does but its getting better.

I wish I had just let it flow in the beginning but not sure that could ever happen without the 3 years of obsession.

I will say this though, the time period would have been a lot shorter if I had stuck with one thing long enough to actually learn it. In the end, price action is where its at and the sooner one makes that commitment the better.

Good luck.


would have to put trade/money management on the same hallowed ground as price action, brian

that being said, your journey of self-discovery was both necessary and inevitable

lessons are learned from losing; winning is the culmination of lessons learned...

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  #1360 (permalink)
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tigertrader...


in the house! How have you been? We miss you.

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