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TST Combine Journal

  #521 (permalink)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
Posts: 6,191 since Sep 2013
Thanks Given: 10,459
Thanks Received: 12,695


indextrader7 View Post
It's officially done.




I will say that one of the (many) things that led to the ultimate turnaround of my trading was learning how to have my good winning days be multiples of my daily loss limit days. For a long, long time I struggled with how to practically accomplish this. I knew theoretically how to do it, but I had to learn how to carry it out.

With winning days being multiples of my daily loss limit days, I was "free'd up" to mentally say "IT'S OK" to have the daily loss limit days, and ACCEPT THEM WHEN THEY DO COME. Up until that point, I was never never ok with a daily loss limit day, because deep down I knew that it would wipe out 2 days or a week of winnings. I could not accept those days as they were happening, which led to an entire worse bag of behaviors. In a nutshell, I had to re-wire myself to learn how to be a good loser. Not much good in any performance activity can come if you have not first learned how to be a good loser.

Good stuff right there.

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  #522 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Frequency: Several times daily
Duration: Minutes
Posts: 8,168 since Jan 2013
Thanks Given: 57,452
Thanks Received: 26,278


indextrader7 View Post
It's officially done.




I will say that one of the (many) things that led to the ultimate turnaround of my trading was learning how to have my good winning days be multiples of my daily loss limit days. For a long, long time I struggled with how to practically accomplish this. I knew theoretically how to do it, but I had to learn how to carry it out.

With winning days being multiples of my daily loss limit days, I was "free'd up" to mentally say "IT'S OK" to have the daily loss limit days, and ACCEPT THEM WHEN THEY DO COME. Up until that point, I was never never ok with a daily loss limit day, because deep down I knew that it would wipe out 2 days or a week of winnings. I could not accept those days as they were happening, which led to an entire worse bag of behaviors. In a nutshell, I had to re-wire myself to learn how to be a good loser. Not much good in any performance activity can come if you have not first learned how to be a good loser.

I just saw this -- congratulations!

This is very good work, and I'm happy that you've nailed it so well.

Bob.

  #523 (permalink)
 indextrader7 
Birmingham, AL
 
Posts: 1,065 since Apr 2012


Live Trader Prep it is. Will let you all know how it goes once complete. Adios for a while.

  #524 (permalink)
 
Hulk's Avatar
 Hulk 
Texas, USA
 
Experience: Advanced
Platform: TT, Custom
Trading: Futures, Spreads
Posts: 369 since May 2014
Thanks Given: 731
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indextrader7 View Post
Live Trader Prep it is. Will let you all know how it goes once complete. Adios for a while.

Well done. Good luck with the live trader prep.

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  #525 (permalink)
 jmsUK 
Manchester, Greater Manchester, UK
 
Experience: Intermediate
Platform: NinjaTrader7
Trading: YM
Posts: 88 since Nov 2012
Thanks Given: 363
Thanks Received: 136


indextrader7 View Post
It's officially done.


With winning days being multiples of my daily loss limit days, I was "free'd up" to mentally say "IT'S OK" to have the daily loss limit days, and ACCEPT THEM WHEN THEY DO COME. Up until that point, I was never never ok with a daily loss limit day, because deep down I knew that it would wipe out 2 days or a week of winnings. I could not accept those days as they were happening, which led to an entire worse bag of behaviors. In a nutshell, I had to re-wire myself to learn how to be a good loser. Not much good in any performance activity can come if you have not first learned how to be a good loser.

Good job..well done!
What you say above is SOOO important.
1 good day / 1 bad day.. The good days HAVE to be so much better than the bad days.
That's my target too.
Head down going forward

  #526 (permalink)
gorka1
lisbon
 
Posts: 6 since May 2011
Thanks Given: 6
Thanks Received: 6

Congrats !!! Well done

Looking forward to your feedback on live trader prep :-)

cheers

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  #527 (permalink)
 indextrader7 
Birmingham, AL
 
Posts: 1,065 since Apr 2012

Thought I would post an update for LTP so far.

Started on Friday, August 8th with a small winning day. Monday and Tuesday of the next week put me down $1k which is at the weekly loss limit for LTP, so I proceeded to destroy the market which gave range extension on sim for the rest of the week...

Last week (8/18 - 8/22) I was on vacation and limited my trading to a couple hours in the morning. I was profitable all 5 days, but it was very limited as I had the direction right for the day, but didn't stick around to let the range extension pay me.

Looking forward to this week.

$1,500 is the profit target. I have to trade a minimum of 10 days (but have 2 months if I need it to hit target). Would be nice to finish it off this week and get funded. No rush though, one trade at a time.


  #528 (permalink)
 indextrader7 
Birmingham, AL
 
Posts: 1,065 since Apr 2012

Flat-to-flat stats so far for LTP. They should be better than this.


  #529 (permalink)
 indextrader7 
Birmingham, AL
 
Posts: 1,065 since Apr 2012

13 ticks from the finish line.

Today's LTP Trade Report


  #530 (permalink)
 
Scalpingtrader's Avatar
 Scalpingtrader 
Hanover, Germany
Legendary Amateur Trader
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES
Posts: 1,945 since Apr 2014
Thanks Given: 3,144
Thanks Received: 5,147


... looking forward to the newest funded trader interview

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Last Updated on August 28, 2014


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