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5 minute routine


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5 minute routine

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  #1 (permalink)
Austin, TX
 
 
Posts: 82 since Nov 2011
Thanks: 2 given, 9 received

My coach has me writing every 5 minutes while trading. I am to write What I am feeling, Why I am feeling it and IS THIS IN MY BEST interest. So, here goes

Feel anxious. I think because I had a good week, but still lost max one day and wiped out all 4 good days, so am scared. Also feel like I can execute and if I execute, I will probably make money.


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  #3 (permalink)
Oslo
 
Experience: Advanced
Platform: NinjaTrader
Trading: Forex
 
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rwhitt View Post
My coach has me writing every 5 minutes while trading. I am to write What I am feeling, Why I am feeling it and IS THIS IN MY BEST interest. So, here goes

Feel anxious. I think because I had a good week, but still lost max one day and wiped out all 4 good days, so am scared. Also feel like I can execute and if I execute, I will probably make money.


Losing is never pleasant, I agree.

If one loss wiped out 4 days of profit it is highly likely that at least one of this sentences are true:

- Bad money management. I.e you scale between 0.5- 5% risk per trade
- Negative R:R to obtain high hit-rate. I.e 20 ticks stop loss 5 ticks target profit

Is this the case Rwhitt?

"We may not be able to control the wind, but we can always adjust our sails"
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  #4 (permalink)
Austin, TX
 
 
Posts: 82 since Nov 2011
Thanks: 2 given, 9 received

I can dialogue about this later, but am trading right now. The issue with me has been me and this exercise, when I do it, causes me to make better choices.

W feel anxious, but hopeful. Starting to see my first possbile entry
W it is 8:24, so pre market jitters
B yes, sizing up is in my best interest

 
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  #5 (permalink)
Austin, TX
 
 
Posts: 82 since Nov 2011
Thanks: 2 given, 9 received

status is same, still sizing up and waiting on JP to get Omnovia fixed

 
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  #6 (permalink)
Austin, TX
 
 
Posts: 82 since Nov 2011
Thanks: 2 given, 9 received

feel like shorting TF, sizing up NQ as a hedge cause ON is asshort and we are at top of range.

 
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  #7 (permalink)
Austin, TX
 
 
Posts: 82 since Nov 2011
Thanks: 2 given, 9 received

still sizing up. TF is at 746 and NQ at 2356, glad I waited, as I woudl be spread and sweating right now. I sitll see it as a short for now

 
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  #8 (permalink)
Austin, TX
 
 
Posts: 82 since Nov 2011
Thanks: 2 given, 9 received

feel like short TF at 746, now missed it. Crap. Still waiting. Feel oK, but now have to watch myself for revenge trade

 
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  #9 (permalink)
Austin, TX
 
 
Posts: 82 since Nov 2011
Thanks: 2 given, 9 received

want to put a trade on so bad. Glad I waited, but frustrated cause TF was good short, but missed and now it has rotated back up. Euro kind of blowing out the top a little. Will wait a little longer. 8:49 am NQ and TF are tracking , but TF seems to be lagging behind. I think the long NQ and short TF is still a working startategy for this morning

 
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  #10 (permalink)
Austin, TX
 
 
Posts: 82 since Nov 2011
Thanks: 2 given, 9 received


Frustrated. Keep seeing trades, but not taking them. Was thinking of a long NQ at 2358, it went to 2361 a minute ago. Still waiting. JP is talking about an area now.


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futures io Trading Community Trading Journals > 5 minute routine


November 7, 2011


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