Oh no .. we love to be kiddos!! I'm just pulling your leg Mike!!
Beth (We are going to have a Summerlicious lunch at The BlackShop. The restaurant tried to find excuses to offer special summer deals, ie $20 for a 3-course lunch .. using mostly fresh summer produces LOL! Same for Winterlicious one .. normally lasts for 2 weeks.)
The following user says Thank You to wgreenie for this post:
Almost forgot to address your "home cookin'" question? For the record, trader me does "not" cook .. Why? I burned a few pans (incl wok) already. Almost had a few "fire" accidents at home alone. Once tried to make an omelette and took me 4+ hours .. Meant to be breakfast as I started around 9:00 am and finished it around 1:30 pm.
Guess I cannot be talented in all aspects LOL! Oh, I do bake and am considered to be quite superb in that aspect .. haha ..
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I tried to recall what happened on those Fridays. One I knew was news related as I and my trading friends all forgot about an important news at 10:00 am. Almost 10-tick slippage to get out of a position for me. The other 2-3 were "me"-related. I held on to a losing trade too long (I added twice to one of them - gosh) hoping for a pullback/retracement to minimize the damage. Did not happen and I was really shaken after closing the position in 2+ hours. That Friday wiped out my weekly gains - happened at least twice.
In short, I believe it's not Friday. It's me!!
Why did I trade on Friday (yesterday)?
1. Nelson encouraged me to trade IF there's a high probability set up. If not, close down in the afternoon. At least give it a chance was his advice. He has faith and confidence in me that I will make a good trading decision regardless of a green or red trade.
2. I reviewed the Inside Bar trades for the past four Fridays. All profitable ones and hit at least a PT 8.
3. Remember Jeff Quinto's video? He suggested one's continuing to trade (as long as the predetermined trading time is not up) when he/she is in Green. Risk 1/3 and keep 2/3 on the weekly gains (not daily). I did have room to accommodate a good trade opportunity on Friday.
1. Main Trading Station with 2 Monitors (data from Mirus/ZenFire)
i. CL - Discretionary Trading
a. 15 minute Chart with Reversal Bar indicator (different colors for Inside, Outside and Reversal bars) - No major change except removal of the SMAs as stated in my earlier post
b. 15 minute Chart with CCI indicators - No major change except removal of the ZLR indicator
Note: Have stopped sim-trading the Inside Bar strategies on Friday.
ii. TF - Semi-auto Trading
a. 5 minute Chart using mainly Price Action Swing indicators and SMAs crossover for entry. I have decided to focus on CL UFN and will not be placing semi-auto trades starting next week. Will continue sim-trading the strategy though the chart will be minimized to avail more monitor space for CL charts.
Note: I tried to switch the TF sim-trading to my laptop. Unfortunately, it's not do-able as IB does not provide the required data for charting.
b. 5-minute Chart with mostly Woodies CCI indicators - to be removed UFN
2. Laptop with 2 Monitors
i. Mainly for sim-trading strategies (data from IB paper account)
Will continue as-is though the monitors and sound are off to minimize any unnecessary distraction.