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Like a turtle to his balcony...
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Like a turtle to his balcony...

  #111 (permalink)
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GaryD View Post
Disappointed myself, by closing at resistance around the VWAP. I do things like that more often than I care to. And keep no record of percentages when I am wrong or right. It "should" break 95.75, but...

And that self-doubt, or self-criticism... even the thought that somehow I am responsible for knowing or not knowing what price will do is insanity, or vanity, or ego. But that is where I beat myself up, if I am going to. Guilty of not knowing...

If the trade later proves to have gone tremendously in my favor, that would feel like I made a terrible trade. If price stops where I exitted and blows to 93, that would feel like I made an incredible trade. Silly, but inside there is some driving force that I feel. And am trying to pinpoint.

But, that is part of my journey.

Net 45.

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"It "should" break 95.75, but..."



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  #112 (permalink)
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LOD 95.21.

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Random walk...

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“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle” - Sun Tzu

I would add to that, if you know the enemy, but not yourself...


“One may know how to conquer without being able to do it. ” - Sun Tzu

And that is most likely related to the knowing yourself part.


I do feel I know myself very well, have put more thought and effort into that knowledge than woiuld be considerd common, or even normal. And yet still, there is always some version of me that I am missing, some subconscious direction that is guiding the things that are more apparent.

I am starting to find a place in me that responds to being "right" or "wrong", that has a weird hold on my approach to trading. In the book, Psycho-Cybernetics, I recall discussion of the brain's self-guiding mechanism, like a guided missle, that constantly makes corrections based on feedback. The entire process could be viewed as a series of mistakes that ultimately leads to success. I tend to gravitate towards being "right" as an indication that I am headed the right direction, but have started to touch on a part of that that is not conducive to the direction I want to go in trading. In theory, I would prefer to be wrong more often.

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  #114 (permalink)
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tigertrader View Post
Don't confuse bias with emotions. You can't eliminate your emotions, nor should you. You just have to keep them from becoming destabilizing. If you don't feel the pain of a loss then you will become desensitized to losing, and your financial survival will be tenuous. And, in many ways large profits are even more insidious, than large losses, because they cause overconfidence, and a false sense of ability.

The last thing you want to think about when you are learning how to trade is how much money you are making. What you do want to think about is how to maximize the chance of making money. Once again, its about the process, and not the outcome.

The Trader's Attitude

Focused (on the trade only)
Confident (in your methodology& risk management)
Objective (Unbiased)
Patient ( to maximize profit)
Disciplined ( in your trade management)
Emotionally Stable ( treat winning and losing the same)
Flexible (admit when you're wrong)


This one is coming with me. lol!

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MP view shows significant DPTL area

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Playing with @Fat Tails indicators.

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My new trading partner

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  #119 (permalink)
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I brought my laptop to bed tonight. Not that unusual. But it is for the past few months.

Logged into futures.io (formerly BMT), had something "great" to document. As if the pursuit of phenomenal trading were, itself, the holy grail.

To me, documenting the inner conversations reveals a lot. Markets do what they do. The incredible majority of those who study the markets, fail miserably. We all show up to the same movement. And, profit is not best served engineered.

So, if it can be theorectically agreed that human intuition could play a huge role in the last few calculations that end in the top few %...


It is cold tonight in Florida. "Freeze Warnings" on the local news. My "pack" moved from the living room to the bedroom tonight, the three of us are addicted to body heat when it gets below 50 degress outside. My dog tried to snuggle my laptop off my lap and into the floor. And in enjoying that moment, I forgot what I was going to say here.

But in the process... I found this moment.

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Light holiday volume. Short trades only, if at all, below 96.50

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