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jamiecassar's trade journal


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jamiecassar's trade journal

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  #31 (permalink)
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Sarasota FL
 
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jamiecassar View Post
My original goal was to use NinjaTrader, but my girlfriend does not like that program, she acts like I'm playing a cheap video game. I've tried explaining to her how powerful it is, but she does not know anything I'm sure she just hears the cheezy sound effects and judges, lol?

So here's a small thing: sounds in NT can be turned off.

Go to Tools > Options > General tab. Uncheck the sounds in the list box that you don't want to hear. Click OK.

No cheeziness.

Something's easy, anyhow.

Bob.

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  #32 (permalink)
Rochester MN
 
Experience: Beginner
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Yeah, sad that, one of the things I LOVE about NT is the soundeffects.

"Judge yourself not by the outcome, but by your process."
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  #33 (permalink)
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I think this short 7 minute video from Al Brooks does a good job explaining how He suggests using stops, and their importance to not only beginning traders but most traders. Good luck to you, @jamiecassar we all need some from time to time.





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  #34 (permalink)
Rochester MN
 
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Video was good, it raised more questions for me though, I like this Al Brooks guy, I wonder more how he was reading the bars as "always long" or "market is always short" etc. I will investigate

"Judge yourself not by the outcome, but by your process."
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  #35 (permalink)
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jamiecassar View Post
Video was good, it raised more questions for me though, I like this Al Brooks guy, I wonder more how he was reading the bars as "always long" or "market is always short" etc. I will investigate

Multiple futures.io (formerly BMT) webinars with him in the archives

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  #36 (permalink)
Miami FL USA
 
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Video was good, it raised more questions for me though, I like this Al Brooks guy, I wonder more how he was reading the bars as "always long" or "market is always short" etc. I will investigate

@jamiecassar I figured that, but I was hoping you'd investigate the "I don't care size" part instead.

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  #37 (permalink)
Rochester MN
 
Experience: Beginner
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Posts: 82 since Jan 2014
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Cashish View Post
@jamiecassar I figured that, but I was hoping you'd investigate the "I don't care size" part instead.

LOL! Yeah I had realized the error of my thinking not long after I posted that earlier. The stop should be placed having to do with mathmatized probability and context, having nothing to do with capital, so calculate where the stop should be and either it's in your comfort zone or not, that was a very important lesson for me

"Judge yourself not by the outcome, but by your process."
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  #38 (permalink)
Rochester MN
 
Experience: Beginner
Platform: Oanda
Trading: Micro-FX
 
Posts: 82 since Jan 2014
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So, on friday morning, I saw a good trade opportunity (all time low was near bottom resistance) so I went long and quickly was pyramiding the profits into more shares. (I think I said piggyback originally, talk about grammatical errors!) I hadn't placed any stops at all because I'm an idiot, and thought it would cost me commission not realizing it doesn't charge you unless the stops hit. Then when I came home from work, I was negative $500 or so... This was really upsetting to me how could I be so stupid?? I know it's only a paper account but still. Mostly I had missed a breakout for a really low low, and wasn't home to sell short. Or if I had been there I could have reversed. Why did I pyramid so many shares, was I that sure of myself? well, all weekend the market was closed (it opened up sunday night I noticed around 9:30pm, weird) and I would just look at that -$500 thinking oh lord...

So, this weekend while the market was closed I absorbed myself into more learning. I found out never to trade anything past friday afternoon, because the market is crazy, and everyone is closing out their weekly shares. Talk about too little too late! Anyways I woke up this morning and I was only down -$40 !! I was so happy!! then it went to a profit of $1.25 and I was jumping up and down. Now it is back to -$40, but I am still brimming with joy.

One of the things people find odd about me is that in poker, lets say I have an Ace-High Flush, and then after the river, this other guy has a FULL HOUSE. Typically the reaction is anger, but I get exited. I mean, it's exiting for me to see a full house, even though I lost that hand I think it's amazing. I don't see how it's any different from skateboarding, when you see someone do a 360 flip, even though you can't do one, it's still amazing, and you are in awe, and it makes you smile. I just like good hands, good plays. Like the time I folded pocket sixes, and the girl only had Ace-High, it was still enjoyable to me! It was a good play. It was also very interesting, how people act under certain conditions. I find it fascinating.

Anyways (I know I ramble alot) even though I'm negative money in this trade right now, I'm glad to see the market DID bounce up, just like I had predicted, and even though I'm -$40 right now it seems like alot, but also it's +11 shares in a micro-fx, so it's probably only a few ticks. Wow those shares add up. Still can't believe I pyramided so many.

"Judge yourself not by the outcome, but by your process."
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  #39 (permalink)
Rochester MN
 
Experience: Beginner
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Trading: Micro-FX
 
Posts: 82 since Jan 2014
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I shouldn't say "I PREDICTED" but what I mean to say was my perception of probability the odds were (I thought) in my favor at the time

"Judge yourself not by the outcome, but by your process."
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  #40 (permalink)
Rochester MN
 
Experience: Beginner
Platform: Oanda
Trading: Micro-FX
 
Posts: 82 since Jan 2014
Thanks: 178 given, 28 received


So, this weekend has been an emotional roller coaster for me. I went from trading 147 trades in a few hours, to just 1 or two trades (if that really) a day, and only if the opportunity presents itself. I had to be honest with myself and the realization that I haven't ingested enough information, and the fact that you can be severely limited by the amount of capital at your disposal. This part about looking at yourself in the mirror and being truthful, I found incredibly draining; mentally, emotional, and physically. For about the 3rd time now, I had to scrap my "plan" and form a new one. Sunday night I started to partially recover. I listened to music for the first time in about two weeks. It was amazing. I played guitar and sang random words. I thought about playing drums. I know now the road I am taking could take YEARS or months at the least. This had a calming effect on my psyche. I played the texas hold em game in the arcade, it was relaxing, but I feel it is not an accurate depiction of the game. You can't go all in, and it's really just a heads up with the dealer, and the dealer cheats but is also pretty predictable. It felt good to just relax for a few minutes and not think about price action, or EMA's, or BB's or Stochastics.

I started reading a new book, it's by John J. Murphy - Technical Analysis of the Financial Markets. Turns out I'm a technical trader. I wonder if fundamentalism exists anymore. I'm starting to hate ThinkOrSwim because I can't get a good read on the graphs. Also I find the interface bloated with unnecessary gimickry it does look cool but is it functional? Somehow I have to make this platform work for me, I am having second thoughts about even opening an account with them, but I most likely will, because I have spent so much time learning it. also it works with NinjaTrader, and as much as I don't like the commission prices, the data is free. Seeing as how my "new style" is few trades per week, but going for big ones, i don't think it will be a prob. I know they have a wealth of learning material that I haven't even begun to look at, so. I think it will help solidify me doing this with my girlfriend once the visa card shows up (they offer a free visa bank card that is tied to your account). I guess the gimicks are good for SOMETHING..

I feel I have a long hard road ahead of me, it is like climbing Fuji mountain, or running a triathalon: it takes weeks/months/years of preparation. I am committed, and I know I can do this, it will just take longer than I originally thought. I still have much to learn, I know this.

"Judge yourself not by the outcome, but by your process."
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