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The PandaWarrior Chronicles
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The PandaWarrior Chronicles

  #1771 (permalink)
Gonnamakeit
Reykjavik, Iceland
 
Futures Experience: Intermediate
Platform: SierraChart, cTrader
Broker/Data: FXCM, IC Markets
Favorite Futures: EUR, AUD, S&P, Bund, Oil, Gold
 
gretaro's Avatar
 
Posts: 85 since Apr 2012
Thanks: 589 given, 101 received

Thank you

@PandaWarrior I just wanted to say thank you for this thread and to all who are participating at the moment. Very interesting discussion. The discussion is opening up my mind to many important truths. I am in a middle of a Combine right now and what I find most difficult is knowing when I should hold for more and when the market is telling me it isn't going further. Because I am inexperienced I often wait to long and give up a lot of my profit. Something to work on.

Anyways just wanted to say thanks.

YES!

Last edited by gretaro; June 26th, 2013 at 08:34 PM.
The following 5 users say Thank You to gretaro for this post:
 
  #1772 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received

Exited before the news. The news spike would have filled the second exit and then trailed out the third, but since this instrument seems to respond violently to news, best to sit it out.

The entry price on the chart is a blended entry, see the trade details for the specifics if interested. My first entry was late by several ticks....otherwise this would have been an even better trade....anyway, its not the entry that counts but the exit.......

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Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris

Last edited by PandaWarrior; June 27th, 2013 at 01:25 PM.
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  #1773 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received



gretaro View Post
@PandaWarrior I just wanted to say thank you for this thread and to all who are participating at the moment. Very interesting discussion. The discussion is opening up my mind to many important truths. I am in a middle of a Combine right now and what I find most difficult is knowing when I should hold for more and when the market is telling me it isn't going further. Because I am inexperienced I often wait to long and give up a lot of my profit. Something to work on.

Anyways just wanted to say thanks.

Unrealistic profit goals often lead to stress which leads to self destructive behavior.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
The following 9 users say Thank You to PandaWarrior for this post:
 
  #1774 (permalink)
in a meditative state...
Portugal
 
Futures Experience: Advanced
Platform: Multicharts, Jigsaw
Broker/Data: Stage5, OEC
Favorite Futures: Treasuries
 
arnie's Avatar
 
Posts: 801 since May 2010
Thanks: 709 given, 976 received


PandaWarrior View Post
Unrealistic profit goals often lead to stress which leads to self destructive behavior.

What about when you have a realistic profit, price misses by one tick, but you're so blind looking at your target, at the missing tick that the trade ends up reversing against you and amazingly, you're still lock on that missing tick?

Talk about self destructive behavior.

If I become half a percent smarter each year, I'll be a genius by the time I die
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  #1775 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

Nice twist on the charts, my friend

I like the black transition bar gag....


...hope all is well


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #1776 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received


arnie View Post
What about when you have a realistic profit, price misses by one tick, but you're so blind looking at your target, at the missing tick that the trade ends up reversing against you and amazingly, you're still lock on that missing tick?

Talk about self destructive behavior.

There is a phrase for that issue. It's being a dick for a tick. And it applies to entries as well as exits.

We've all done it at some point. I still do sometimes, but if its close to target and not a staged exit like my ZN trade, I trail behind 75-80% of the target and let it play out.

A staged exit like today demands more patience while being aware of things like news so being filled on one at target while exiting with less than MFE on the rest is ok with me. I gave it every chance while still protecting some profit.

Don't be greedy if its unwarranted.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #1777 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received


tderrick View Post
Nice twist on the charts, my friend

I like the black transition bar gag....


...hope all is well

It's just @Fat Tails thrust bar indicator with all the inside bars black and the dojis yellow. I like the colors, I don't use it to trade. At least not yet anyway.

Hope you find paradise to trade out of soon!

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
The following 3 users say Thank You to PandaWarrior for this post:
 
  #1778 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,860 given, 3,318 received


Silvester17 View Post
how about looking at a different statistic. look at your ratio posts and thanks received. it's about 3.57. now look at the most valuable poster @Fat Tails: his ratio is "only" 2.16. for me that's an indication that members really like what you post.

and then there're visitors like me. I'm not reading journals for learning or making a comment about the trades (most of the time anyway). I like to see if I can add some worthless input.


PandaWarrior View Post
Ego boosts.....nice....


@PandaWarrior

Taking a look at thanks received, you get 9.46 thanks per day so you should hit 10,000 in less than 6 months give or take a couple of weeks.

Robert

nosce te ipsum

You make your own opportunities in life.
The following 4 users say Thank You to Silver Dragon for this post:
 
  #1779 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
The following 5 users say Thank You to PandaWarrior for this post:
 
  #1780 (permalink)
Elite Member
Bay Area California
 
Futures Experience: None
Platform: TT T4
Favorite Futures: Futures
 
Posts: 719 since Nov 2011
Thanks: 633 given, 740 received



PandaWarrior View Post
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

It's ok. I picked up one of those in tribute.

"If I agreed with you, we'd both be wrong."
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