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The PandaWarrior Chronicles

  #1851 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,405


tderrick View Post
Holy Cow, brotha !! ... what a drag. I have been blessed with great health to this point in my life.

I am living my mortality vicariously through you, my friend. I'm counting my blessings and taking heed that
you are not promised tomorrow. We must live each day as it will be your last.

I'm glad you are well and that you have worked on your Zen Quotient. The universe is a Grand place and
when you are in circumstances such as yours, I bet you can feel it just a bit more.

We need to catch up soon on the old Skyper ..... I have been neglecting family and friends, being totally
engrossed in my trading routine.

Thanks for the wake up call

aj

ps

I can't believe you didn't sneak a little trading rig in there!!

You bet, i've totally ignored some of those relationships as well.....send me an email or text on skype and we can hook up.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Started this thread
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  #1852 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,405



Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Started this thread
  #1853 (permalink)
 
Patrick S's Avatar
 Patrick S 
Raleigh NC
 
Experience: Beginner
Platform: Ninja
Broker: Mirus/ZenFire
Trading: Oil
Posts: 628 since May 2012
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PandaWarrior View Post


BRAVO showing your entries and exits.
Your transparency in showing your winners as well as the losers is Huge.
Sometimes us new guys think we are the only ones who ever have any losers and the guys who have been trading for 5-10 years clean up the market every day.
Great Job!

If you always do what you have always done you will always get what you have always gotten.
Celebrate because you executed your edge. Not because you won.
Visit my NexusFi Trade Journal
  #1854 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,405


Patrick S View Post
BRAVO showing your entries and exits.
Your transparency in showing your winners as well as the losers is Huge.
Sometimes us new guys think we are the only ones who ever have any losers and the guys who have been trading for 5-10 years clean up the market every day.
Great Job!

Well I've always shown the losers when I post a chart....and I've only been trading seriously for around 3 years...so I'm still learning like everyone else.....which I suspect i will be until the day I stop trading.....

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Started this thread
  #1855 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,405

After I quit today, price did a full on sell off. In times past I would be really upset with myself for missing this kind of thing. Then one day I realized I was making a choice about when to stop trading based on my experience, my temperament and the amount of time I was willing to sit in front of the charts.

Truth is, the longer I sit there the worse my decision making becomes. If I win in the early morning, chances are I'll give it back later on. Not because I'm stupid but its just experience that says look for good movement in the early morning and stop. If a big move happens during my trading hours, chances are it will consolidate for a good long while an I'm not interested in trading that.

So now when I see something like what happened today, I recognize it as simply a trade off I make. Less time at the screens sometimes means missed opportunity. It also means that many days I get to keep what I made because the rest of the day is sideways crap.

So while I would have liked to made some extra coin today, I'm content with the results. I traded my plan to the letter and that is a successful day.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Started this thread
  #1856 (permalink)
 
tderrick's Avatar
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
Posts: 1,588 since Sep 2010
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PandaWarrior View Post
After I quit today, price did a full on sell off. In times past I would be really upset with myself for missing this kind of thing. Then one day I realized I was making a choice about when to stop trading based on my experience, my temperament and the amount of time I was willing to sit in front of the charts.

Truth is, the longer I sit there the worse my decision making becomes. If I win in the early morning, chances are I'll give it back later on. Not because I'm stupid but its just experience that says look for good movement in the early morning and stop. If a big move happens during my trading hours, chances are it will consolidate for a good long while an I'm not interested in trading that.

So now when I see something like what happened today, I recognize it as simply a trade off I make. Less time at the screens sometimes means missed opportunity. It also means that many days I get to keep what I made because the rest of the day is sideways crap.

So while I would have liked to made some extra coin today, I'm content with the results. I traded my plan to the letter and that is a successful day.


The Fear / Regret of missing out has been my nemesis from the beginning.

Fear will make you chase and Regret will make you throw your computer out the window

As for market condition, I have learned to play small ball around the London open. Open it up as New York
approaches and then clamp down for the afternoon.

The sideways market you speak of is a bit like shooting fish in a barrel for me as price is "contained". I trade
across the range until price breaks.

I find it much more difficult to enter a trend..... funny how we all learn differently

I hope all is well, my friend

AJ


As


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Follow me on Twitter Visit my NexusFi Trade Journal
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  #1857 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,405


tderrick View Post
The Fear / Regret of missing out has been my nemesis from the beginning.

Fear will make you chase and Regret will make you throw your computer out the window

As for market condition, I have learned to play small ball around the London open. Open it up as New York
approaches and then clamp down for the afternoon.

The sideways market you speak of is a bit like shooting fish in a barrel for me as price is "contained". I trade
across the range until price breaks.

I find it much more difficult to enter a trend..... funny how we all learn differently

I hope all is well, my friend

AJ


As

The coveted range play.....i really should learn how to do that effectively.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Started this thread
Thanked by:
  #1858 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,405

Thought I'd post a chart or two today. I'm done fairly early so I have time to post one before the madness starts.

Anyway, I wanted to be short from the daily chart and hopefully off a deep pull back. I took a long counter trend trade for +19 back to resistance and where I shorted. This trade failed and to be fair, was not a trade I normally take. After the strong move up, I got the deep pull back along with some strong selling right at that level. I took the first down bar and held for the top of the opening range. It took a bit but worked out just right.




Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Started this thread
  #1859 (permalink)
 researcher247 
Chicago, IL
 
Experience: Advanced
Posts: 437 since Oct 2009
Thanks Given: 289
Thanks Received: 773

That sir, was an excellent trade setup/plan/trade management/execution.

Enjoy the Halloween festivities w/your family later today!

peace/hedvig

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  #1860 (permalink)
 
PandaWarrior's Avatar
 PandaWarrior 
In the heat
 
Experience: None
Posts: 3,165 since Mar 2010
Thanks Given: 6,329
Thanks Received: 13,405


Not much time for commentary today.....But here's how it played out today.


Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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Last Updated on May 14, 2014


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