Hi Profiler, I am sorry you had such a tough day. In your defence that was an amazing move off the open. almost 19 handles in the first 20 min.! Who knows, maybe the volatility of 08 is coming back.
I was thinking, have you had a chance to look at your strategy/results within the context of volume/volatility? August is a notoriously slow month, and maybe that has caused some problems for you. Fridays results could be written off to a black swan type of day (IMHO), but I also know that sometimes the mental and emotional beating is far tougher to come back from.
I too hope you will continue journaling and wish you all the best.
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BigMike has put it the right way. Im just writing this post to encourage you to keep on posting. Personally, I've been checking your journal (not kidding) every single day, before and after trading.
I can't imagine how tough it is for you to post publically, as I'm not posting such journal myself, though I do believe those posts make you a better trader. It just takes balls to publish your analysis & results every single day, no matter what. It does.
In the end, it's your decision, so if you decide to keep things private, I'd like to thank you at least this way for your sincerity & most importantly the time you've put into this journal.
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Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
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I searched through this thread, and somehow missed or overlooked seeing how to configure a workspace and chart series similar to what you're using, so that one could follow you on this endeavour. Is there a shopping list of indicators, settings or whatever, just to get started and up to speed?
I am not sure if you realize he is not using NinjaTrader.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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I too want to thank you for this thread, we at times, during our metamorphisis, should we survive, is to attain nirvana or the ability to claim, what you have done!, namely bank bucks, as we say on Wall Street.
I don't know many traders that honestly wouldn't like to say they trade 6,000 contracts daily in the most liquid of instruments, they have access to, whether its the ES, FESX, FGBL, FDAX or CL.
Thanks again for sharing this thread, because if @isla, had not brought it up again, perhaps the value of this thread would have gone missing. There are those that suggest that the HFT's and other scalp mad gamblers of the markets provided some social benefit in that they "added liquidity". They lined their pockets by short circuiting the very nature of the exchange markets, to the tune of billions siphoned away from normalized trading and practical value traders. The notion that progress would have eventually led to those levels is another side show distraction they use to deflect the arguements too.
Perhaps we can all recast ourselves and return to the heady days of working 4 hours and banking bucks!
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