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The Pandawarrior Chronicles II
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The Pandawarrior Chronicles II

  #261 (permalink)
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Itchymoku View Post
@PandaWarrior it's good that the surgeon made the incision behind the ear because it looks like it'll mesh with your hairline and be hard for people to see without being told where to look. How is your other ear?

the other ear is fine....this was a birth defect of some kind that got worse over time....at least thats what they told me.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
 
  #262 (permalink)
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Surgery sucks, but glad they figured it out and getting you back in fighting shape.

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  #263 (permalink)
Market Wizard
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tturner86 View Post
Surgery sucks, but glad they figured it out and getting you back in fighting shape.

with the stiches he could pass for MMA fighter.

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  #264 (permalink)
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cory View Post
with the stiches he could pass for MMA fighter.

Or some ex road racers I know.

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  #265 (permalink)
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Glad to hear you are on the road to recovery Brian. Well done.

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  #266 (permalink)
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Trading update.

The eye is a very deceptive thing....trading what you see is great advice but what exactly do you see? Some see shorts and some see longs....if they didn't you'd never fill the exit order of your trade....so what exactly are you supposed to see? Context, trend, patterns, higher time frames, news, fundementals????? The answer is yes.....you need to see everything you need to see and nothing more.

It does seem odd there are days where in spite of all evidence to the contrary, you see exactly the opposite of what is actually happening. Last two days, I've been on the exact wrong side of the market even though its been glaringly obvious that shorts are the order of the day in CL....but I've seen longs....with predictable results.

Somehow the monkey brain reclaims what he feels is his rightful place at the forefront of my consciousness at the most inopportune times....

Day before yesterday, I got a reasonably large winner....I felt pretty decent about that and at the end of the day, I decided I had traded to large of size initially with to tight of a stop. I got away with it but it was the wrong thing to do. So I decided that yesterday, I would trade smaller with much larger stops and do it right....and add to the trade if it went my way.....very purposeful decision making process.....but when trading actually commenced, monkey brain promptly forgot that well thought out decision and resorted to normal size and tight stops....and predictably, I got nailed yesterday.....later on in the day, I remembered my well laid plan of smaller size and wider stops and went back to see if perhaps that might have worked out a bit better.....and of course it would have......so resolved to do so today....only monkey brain stepped in at exactly the same moment I opened the platform and sabotaged those wonderful plans....again, monkey brain ruined an otherwise wonderful trading day for me....

What to do? Trading what I see is sometimes problematic if monkey brain is in charge. He is often blind to the truth of what's going on.....but rational Brian recognizes that monkey brain is in full on assault mode and has taken steps to shut him down.

Tomorrow is smaller size....I even told my wife I'd be trading smaller tomorrow and I'm all in all out tomorrow as well..no scaling in or out...just hold.....and monkey brain will have to fight the check list. I do better when I run through the checklist prior to trading or even placing a trade....and the checklist has been in the pocket mostly the last few trading days......

Lastly I've improved I think my top down approach in terms of directional filter and trade location (CL is mostly down right now but still) and then I've agreed to limit my trading to one or two trades a day for the next few days.....this is completely arbitrary but when I lose I'm generally over trading anyway.....so self limiting can help in the near term prevent more losers if I am still out of sync with the market.

It feels good to be back in the markets even if I am losing a bit more than I care to but I need to be on the right side of the market soon or take a step back for a few days....perhaps the surgery affected me more than I realize but I think not. I think its just a phase I'm going through.....

The patience I wrote about recently is still with me and the sense of not really caring which way any individual trade goes is a new and wonderful feeling to have.....and yet still I want to win.....so while individual trades may not matter so much, taken as a group over the last few days, a trend has developed and I need to reverse that trend soon.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #267 (permalink)
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Brian,

I am finding when I trade the opposite of what the market is doing its because I am trading what I want the market to do instead what the market is actually doing. I am learning to walk away when this happens.

As you know it is impossible to predict the market, so the solution to this problem (for me) is to trade the "now" and not to look past the last bar chart and try to predict where I think the market is going. This process also takes the monkey brain out of the equation.

So, if the market is going down, go short; if the market is going up, go long. Obviously this is over simplified but the approach is sound and is a work in progress. I will admit it is hard to give up the old ways and even harder to go short in a down market.

Robert


PandaWarrior View Post
The eye is a very deceptive thing....trading what you see is great advice but what exactly do you see? Some see shorts and some see longs....if they didn't you'd never fill the exit order of your trade....so what exactly are you supposed to see? Context, trend, patterns, higher time frames, news, fundementals????? The answer is yes.....you need to see everything you need to see and nothing more.

It does seem odd there are days where in spite of all evidence to the contrary, you see exactly the opposite of what is actually happening. Last two days, I've been on the exact wrong side of the market even though its been glaringly obvious that shorts are the order of the day in CL....but I've seen longs....with predictable results.

Somehow the monkey brain reclaims what he feels is his rightful place at the forefront of my consciousness at the most inopportune times....

Day before yesterday, I got a reasonably large winner....I felt pretty decent about that and at the end of the day, I decided I had traded to large of size initially with to tight of a stop. I got away with it but it was the wrong thing to do. So I decided that yesterday, I would trade smaller with much larger stops and do it right....and add to the trade if it went my way.....very purposeful decision making process.....but when trading actually commenced, monkey brain promptly forgot that well thought out decision and resorted to normal size and tight stops....and predictably, I got nailed yesterday.....later on in the day, I remembered my well laid plan of smaller size and wider stops and went back to see if perhaps that might have worked out a bit better.....and of course it would have......so resolved to do so today....only monkey brain stepped in at exactly the same moment I opened the platform and sabotaged those wonderful plans....again, monkey brain ruined an otherwise wonderful trading day for me....

What to do? Trading what I see is sometimes problematic if monkey brain is in charge. He is often blind to the truth of what's going on.....but rational Brian recognizes that monkey brain is in full on assault mode and has taken steps to shut him down.

Tomorrow is smaller size....I even told my wife I'd be trading smaller tomorrow and I'm all in all out tomorrow as well..no scaling in or out...just hold.....and monkey brain will have to fight the check list. I do better when I run through the checklist prior to trading or even placing a trade....and the checklist has been in the pocket mostly the last few trading days......

Lastly I've improved I think my top down approach in terms of directional filter and trade location (CL is mostly down right now but still) and then I've agreed to limit my trading to one or two trades a day for the next few days.....this is completely arbitrary but when I lose I'm generally over trading anyway.....so self limiting can help in the near term prevent more losers if I am still out of sync with the market.

It feels good to be back in the markets even if I am losing a bit more than I care to but I need to be on the right side of the market soon or take a step back for a few days....perhaps the surgery affected me more than I realize but I think not. I think its just a phase I'm going through.....

The patience I wrote about recently is still with me and the sense of not really caring which way any individual trade goes is a new and wonderful feeling to have.....and yet still I want to win.....so while individual trades may not matter so much, taken as a group over the last few days, a trend has developed and I need to reverse that trend soon.


nosce te ipsum

You make your own opportunities in life.
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  #268 (permalink)
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Silver Dragon View Post
Brian,

I am finding when I trade the opposite of what the market is doing its because I am trading what I want the market to do instead what the market is actually doing. I am learning to walk away when this happens.

As you know it is impossible to predict the market, so the solution to this problem (for me) is to trade the "now" and not to look past the last bar chart and try to predict where I think the market is going. This process also takes the monkey brain out of the equation.

So, if the market is going down, go short; if the market is going up, go long. Obviously this is over simplified but the approach is sound and is a work in progress. I will admit it is hard to give up the old ways and even harder to go short in a down market.

Robert

I can relate to both your posts. I think it just takes time to grow into this. Don't always need to trade, just need to take advantage of the low risk high probability trades per your method. Sometimes you're right and other times you're wrong. What you see and what you want are usually two different things, but when it's there make sure you take full advantage of the opportunity, and when it's not cut your losses short. Often I know when I'm wrong a lot sooner than later, but often it's just how I process that information. Happy trading guys.

"Small disciplines repeated with consistency every day lead to great achievements gained slowly over time."
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  #269 (permalink)
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PandaWarrior View Post
The eye is a very deceptive thing....trading what you see is great advice but what exactly do you see? Some see shorts and some see longs....if they didn't you'd never fill the exit order of your trade....so what exactly are you supposed to see? Context, trend, patterns, higher time frames, news, fundementals????? The answer is yes.....you need to see everything you need to see and nothing more.

It does seem odd there are days where in spite of all evidence to the contrary, you see exactly the opposite of what is actually happening. Last two days, I've been on the exact wrong side of the market even though its been glaringly obvious that shorts are the order of the day in CL....but I've seen longs....with predictable results.

Somehow the monkey brain reclaims what he feels is his rightful place at the forefront of my consciousness at the most inopportune times....

Day before yesterday, I got a reasonably large winner....I felt pretty decent about that and at the end of the day, I decided I had traded to large of size initially with to tight of a stop. I got away with it but it was the wrong thing to do. So I decided that yesterday, I would trade smaller with much larger stops and do it right....and add to the trade if it went my way.....very purposeful decision making process.....but when trading actually commenced, monkey brain promptly forgot that well thought out decision and resorted to normal size and tight stops....and predictably, I got nailed yesterday.....later on in the day, I remembered my well laid plan of smaller size and wider stops and went back to see if perhaps that might have worked out a bit better.....and of course it would have......so resolved to do so today....only monkey brain stepped in at exactly the same moment I opened the platform and sabotaged those wonderful plans....again, monkey brain ruined an otherwise wonderful trading day for me....

What to do? Trading what I see is sometimes problematic if monkey brain is in charge. He is often blind to the truth of what's going on.....but rational Brian recognizes that monkey brain is in full on assault mode and has taken steps to shut him down.

Tomorrow is smaller size....I even told my wife I'd be trading smaller tomorrow and I'm all in all out tomorrow as well..no scaling in or out...just hold.....and monkey brain will have to fight the check list. I do better when I run through the checklist prior to trading or even placing a trade....and the checklist has been in the pocket mostly the last few trading days......

Lastly I've improved I think my top down approach in terms of directional filter and trade location (CL is mostly down right now but still) and then I've agreed to limit my trading to one or two trades a day for the next few days.....this is completely arbitrary but when I lose I'm generally over trading anyway.....so self limiting can help in the near term prevent more losers if I am still out of sync with the market.

It feels good to be back in the markets even if I am losing a bit more than I care to but I need to be on the right side of the market soon or take a step back for a few days....perhaps the surgery affected me more than I realize but I think not. I think its just a phase I'm going through.....

The patience I wrote about recently is still with me and the sense of not really caring which way any individual trade goes is a new and wonderful feeling to have.....and yet still I want to win.....so while individual trades may not matter so much, taken as a group over the last few days, a trend has developed and I need to reverse that trend soon.

I found that I have to stop feeding my monkey brain in the off-hours. It is counter-productive to try to be one person while trading and another in my life. So I consistently kick the monkey's ass whenever I can... which usually means doing the more difficult thing when there's a choice to be made. The sign of the monkey brain being operational is gravitation towards the easy road. Do the right thing at all times, which is usually the more difficult thing, and the monkey brain becomes less and less dominant. Not that I mastered it.

"...the degree to which you think you know, assume you know, or in any way need to know what is going to happen next, is equal to the degree to which you will fail as a trader." - Mark Douglas
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  #270 (permalink)
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Anagami View Post
I found that I have to stop feeding my monkey brain in the off-hours. It is counter-productive to try to be one person while trading and another in my life. So I consistently kick the monkey's ass whenever I can... which usually means doing the more difficult thing when there's a choice to be made. The sign of the monkey brain being operational is gravitation towards the easy road. Do the right thing at all times, which is usually the more difficult thing, and the monkey brain becomes less and less dominant. Not that I mastered it.

I completely agree with this.....in my personal life I try to do the right thing even when its hard.....one area that over time I've turned around completely is organization and clutter. I used to be a horrible collector of junk...piles of paper, dirty and clean clothes on the floor all the time, things never put in the same place twice, etc.

Then one day I knew I had to change so over the weekend I cleaned every thing....then made the effort to always keep it that way.....I still fall back into that mindset once in a while...but I recognize it quick and revert back to the new habits I've developed.....and that new habit has effected other areas of my life as well....all for the better.

I think habit development is more difficult in trading because of the fear of loss and the fear of missing out.....I don't really suffer from greed so much but I do fear missing out and to a lessor degree, I fear losing although I have to say I've always been able to take a stop.....I don't think I've ever moved a stop hoping a loser turns into a winner.....I have moved them once I realized they were in the wrong place but never to avoid a loser.....my biggest mental or emotional hurdle is fear of missing out.....and that causes the monkey brain to jump in when he should be waiting....and it causes the monkey brain to close early to avoid giving back open profits.....

today however, I managed to quiet monkey brain for the most part....he still go me in early with to wide a stop which meant I closed the trade for a loser even though it would have eventually been a winner....I got back in when the risk was lower and held it until it stalled out a bit....ended up leaving money on the table of course but I had already predetermined where to exit and if it stalled prior to that to just exit which I did.....still, today's conversation with the monkey brain was far more muted than the last two days.....he really only got out of hand once today.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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