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Like a turtle to his balcony...


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Like a turtle to his balcony...

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  #1481 (permalink)
Montreal
 
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GaryD View Post
The back pain mystery is over. I have three herniated discs, two of them torn. Have been referred to surgeon for a consult.

I had 3 minor herniated discs, L4-L5 and S1. This was the diagnosis from a physiotherapist that said my symptoms were textbook but this could only be confirmed by MRI. Did you get an MRI to have your herniated dics confirmed? I had 2 treatments by a physiotherapist that got rid of all the muscle pain and 3 treatments by an osteopath that fixed all the bone/structural issues. Only nagging thing now is my sciatic nerve on my left side which is probably due to some very stiff muscles pinching it. All of this happened in the last 15 weeks. Hurt my back playing hockey but I think it was weakened with the way I sit at work, always leaning to one side.

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  #1482 (permalink)
Legendary Market Wizard
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Big Mike View Post
You should start a new thread on this subject, it would be a nice discussion.

Mike

Sounds like a good idea Mike -- will do so after Memorial Day.. until then I'm pretty much on hiatus.

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  #1483 (permalink)
Orlando, Florida
 
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Friday, May 24, 2013





The 3 red lins were a DPTL zone that caught my attention previously. I had intended them to provide support, but instead they were resistance in the ON session. I am leaving the penetrated zone around 93.37 as it still holds visual significance.

Had I not gotten so slopy on Wednesday, this would be my best week to date this year. had I stopped that day at my high point I could make it on a 4-day work week. The thought of trading full time has re-entered my world with a renewed energy, greater confidence, and more acceptance. I am not sure if my wife will like it, particularly after I crumbled last year, but for today there is no need as I still have plenty of work and the opportunities are growing.

But what started as desperation to find money, turned into obsession and tenacity, and then became relentless study and mental exercise, bordering torturous at times... or punishment maybe... Martyrdom?

Now I really look forward to it every day. It is not a place of diligence and discipline, even though those things still exist. It is a place I feel comfortable, challenged, happy. Fortunate. For fun I'll call it "lucky".

@Big Mike posted a video from a vendor called Open Trader, I watched it several times, shared it on Facebook, emailed it to my wife. It was a rare moment to refer to myself as a trader and feel so good about it. And I think in that there is some hidden truth to some of my past issues.

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  #1484 (permalink)
Orlando, Florida
 
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PandaWarrior View Post
I always worried about the full size stops.

Me too, but I now keep my stops tight, like 15 ticks max. If the trade needs a 25 tick stop, it is a one contract trade. At least until it proves itself, then I might add.

Other times I will go all in but layer my stop risk, allowing it to take me out as it goes against me while still holding the initial entry. Somewhere here there was a picture where I went in 4 contracts, each with a different stop and profit target, the first stop got hit, the other 3 hit their targets. But finding it does not matter, I am sure you get the image.




PandaWarrior View Post
Now, I can layer on size and so far my risk seems to diminish as the trade goes further and further my way.

That is more the part I have trouble with. To me it feels the opposite, because it becomes topheavy, I was up 30 ticks, and now a move against me 10 ticks takes me to breakeven. It speeds the pace of motion as it equates to dollars. I know not to think of money in some sense, but I recently added my current P&L to my charts, because it is a signal to me. I count TODAY'S money, not my account balance, and treat it as something not to give back.

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  #1485 (permalink)
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olobay View Post
I had 3 minor herniated discs, L4-L5 and S1. This was the diagnosis from a physiotherapist that said my symptoms were textbook but this could only be confirmed by MRI. Did you get an MRI to have your herniated dics confirmed? I had 2 treatments by a physiotherapist that got rid of all the muscle pain and 3 treatments by an osteopath that fixed all the bone/structural issues. Only nagging thing now is my sciatic nerve on my left side which is probably due to some very stiff muscles pinching it. All of this happened in the last 15 weeks. Hurt my back playing hockey but I think it was weakened with the way I sit at work, always leaning to one side.

Mine is the same area. L3-L4, L4-L5, L5-S1. And I have wondered about the way I sit being part of the problem. I often lean to one side, or even pull one leg up under me.

I had two MRIs, went in a second time with contrast. They gave me the disc, very cool party favor.

I am big into natural health and currently taking a blend of herbs and enzymes designed to "eat" inflamation (must do on an empty stomach).





Also, taking zinc with copper added, which helps the body produce elastin which allows injured areas to regain their original shape. And more water than I like.

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  #1486 (permalink)
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GaryD View Post



A lot of conflict in my view this morning. Small scalps... The open right in the middle of balance has me nervous about choosing a direction yet.


While daily monetary goals kind of freak me out, I am trying a new % of weekly range goal from @Private Banker. Trying to keep in my mind that 50% is not out of the ordinary.

Awesome! Hopefully that's a good way to take the emotional aspect away from what you're doing.

As for today, this is how I interpreted the trade location which is based on the previous session having a double distribution on the day. Whether we break out of this balance remains to be seen but I've bought at the lows two times and scaled out two times so far so, I'm protected if I get stopped out now.


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  #1487 (permalink)
Orlando, Florida
 
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Sold the top, back into value, already closed it. I was planning to target the other side but today is so darn slow, and I am realizing the volume is probably not going to get better due to Memorial Day weekend. In my experience down moves require volume, and price tends to float in light volume, so I went ahead and closed out.

Sitting here net 74, which may turn out to beat today's range lol! It feels like I am giving up early, but I am having a hard time reading volume also. I went short just "because" that was what I recently learned to do. It looked like a lot of other die hard traders did as well, because the move intensified down very quickly. From that standpoint it was a very comfortable trade.

But, applying context has many meanings,and today still has just as much chance of being a double distribution trend up in my view. And I am not feeling it right now. I will take an extended break and see if I make it back.

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  #1488 (permalink)
Orlando, Florida
 
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Private Banker View Post
Awesome! Hopefully that's a good way to take the emotional aspect away from what you're doing.

As for today, this is how I interpreted the trade location which is based on the previous session having a double distribution on the day. Whether we break out of this balance remains to be seen but I've bought at the lows two times and scaled out two times so far so, I'm protected if I get stopped out now.



That's funny, because I guess I was typing while you posted that. I was seeing today as being more likely to go up than down also. When that opening drive was reversed so hard, then back above the open, and seeing that in the larger picture of price it was rejected yesterday at the lower end of the long term bracket. The 92 area has high significance on the larger view.

Not sure if I will join you today or not, I had an incredible week, again, and unless something changes do not see a reason to keep looking. But I may watch your trade just to be envious.

Thanks Ben, you have been such a good mentor to me recently. Trying to leave you alone for the most part. Adding just a few things to the education I already had established was like some exponential jump in understanding for me. hard to explain, but it gave me a much higher level of confidence in trade location, expectations, etc.

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  #1489 (permalink)
Orlando, Florida
 
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Private Banker View Post



And yesterday I did not see as double distribution until you pointed it out. I kind of do now, I definitely came into yesterday with an upside bias. You gave me something to do besides trade this afternoon though!


Enjoy your weekend.

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  #1490 (permalink)
Orlando, Florida
 
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@Private Banker, if I was going to split yesterday, I would have given F period to the left side, because that is where I see the imbalance.




Why did you split where you did? J Period came back and explored value this way, and left excess at this morning's A period.

or does it really matter?

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