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A) Top five....actually the biggest one is re reading and facing my inconsistency over time. Its no wonder its been such a hard journey. I've changed paths so often its hard to go anywhere at all.
B) Biggest one is simply...discipline to simply wait until something I recognize as a legit trade set up appears....and then have the balls to take it, and then to have the patience to let the trade develop.
C) I didn't want to expose myself to much...I think I've gotten over that. Then I had a hard time NOT responding to the overly antagonistic posts and PM's. I did a couple of times and then I decided to just ignore those.
D) Biggest take away for me in journalling is simply the habit of doing the same thing over and over again. Sticking with it. To be honest, I don't feel like it much anymore. In the beginning, I wanted others to read it, give me ideas on how to find the holy grail, etc. I also had a tad bit of pride attached to the number of views, thanks, profile visits as the journals progressed. That's past.....The only reason I journal publicly now is for me. Its an easy place to post thoughts and keep a permanent record of my journey. I could easily switch to a private blog or just paper and pencil but I have a lot invested in this thread now and I intend to continue it as the repository of my trading life. If others benefit or have constructive advice, I welcome those but its not the intent of the journal now.
E) I would encourage anyone serious about trading to journal far more than I have....and be more detailed about the emotions while in the trade. Its what makes a person a winner or loser...how they handle the emotions of trading.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
Two all in all out ideas and a scale out. Taking every trade with all three. End of week, will compare the stats.....
This AM had to work via log me in as my trading machine was in the office and I had a guest sleeping in there. That made it somewhat difficult but I managed to get it working just before the entry.....I took my trade off at +25 as i felt we were at some support there.
Second entry was a larger risk than I would normally like but there was room for a few ticks and it had come off the support area pretty strong. Unfortunately, it was just before news so I took it off when the news alert rang.
After that, it was straight up. I had only one real location to enter and was unsure of that so I just let it go.
Net for the day is +35
If I get another entry, I'll take it but I suspect thats it for the day.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
No offense; you are way too nice to a guest; don't care even if it is family.
Unless you are on sim today--wouldn't you tell your 'clan' and guest(s) that you will be using your full resources for your work (basically everyone works around your needs)?
Sorry, I just do not approve of any professional trader making concessions w/his space/trading/work environment.
I guess I am not a nice guy when it comes to my 'trading space' and expect others to respect that 100%.
All traders deserve their own personal 100% office space and (in my opinion) anyone in the house should know that they should consider you 'at the office' and NEVER disturb you unless someone is dying.
Again, sorry--I just feel very strongly all traders need to have their 'cone of silence.'
Some things are more important than money. I have my space 99% of the time. But I will never sacrifice family or friends for a job....and I am on sim last week and this week. My kid is out of school for spring break and that makes me the primary caregiver. So a strategic decision was made to sim this week and last for the very reason that's near impossible to trade effectively with constant interruptions.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
Well who knew it was possible to take 100 ticks out of a 100 tick range? Strange but true. Range was 100 ticks all morning, but I managed to take 100 ticks out....dang that feels nice to say.
Paying VERY close attention to swings.....and trend lines....along with some really sexy indicators made this possible.....well the indicators are sexy but not so sure about the help they provided....I just like the look of them....
Still testing my three exit methods...so far the AIAO intermediate target is providing the best overall equity curve. The runner option would have done well today assuming I scaled into additional lots once the initial scale outs had filled....there were a couple of areas to scale into an existing trade but to be fair, my mind slipped out of that mode today...all I saw were the AIAO entries and the single runner. Oh well. Today would have been a perfect Rule Two day. Truthfully, I don't think I am advanced enough for that yet....but soon perhaps.
Still today was 6 times my daily objective in terms of dollars and double my daily objective in terms of ticks. Combined with yesterday's tally and I now have a can't lose week.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
