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Ruth's Trading Journal


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Ruth's Trading Journal

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  #1 (permalink)
 Ruth 
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I'm Ruth, I'm living between Israel and Belgium, I started trading more or less 8 months ago.
I'm not a technician i'm just a trader, a beginner :-)

I'm working with tools that my husband @rleplae installed for me.
While trading futures I discovered a very exciting activity.

I would like to learn and progress with all of you, that is why i joined the forum.

My preference is trading crude and gold.
My tools are Ninja Trader, Gomi (order flow), Wizard Den template (oscillator).

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 Daytrader999 
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@Ruth:

Good luck with your trading, I'm looking forward how things are developing...

BTW, greetings to Ron, I hope he's no longer suffering from his jetlag!

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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 tturner86 
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Shalom.

Welcome to futures.io (formerly BMT). Your husband is one awesome dude.

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 Big Mike 
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Nice job journaling @Ruth.

I want to let you and all your readers know that in October futures.io (formerly BMT) has a Trading Journal contest w/prizes. The contest runs October 1 to October 31, and the three best journals (as decided by futures.io (formerly BMT) members) will receive a 150K combine from TopstepTrader.

The contest thread is here:



That thread will be open for posting starting Wednesday, October 1. As the author of your journal, you need to make a post in that thread linking to your journal, and then ask users to press the "Thanks" button on that post if they want to vote for your journal to win the contest.

Members can vote for as many different journals as they want. Votes are cast in the Contest thread only, and only on the first post made by the author of the journal that contains a link to their journal. This is done so I can easily count the "Thanks Received" by author/journal, and award the three prizes.

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 bobwest 
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I agree with @Daytrader999 and @tturner86 -- welcome aboard.

Bob.

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  #7 (permalink)
 Ruth 
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I was away during the afternoon and when back home i was too anxious to jump into any first possible trade
---> I must be more patient

I traded 5 contracts, it is too much
---> I will ony trade 1 contract

I did not always follow all my rules
---> I must be more strict

Result of the day : +600
I overtraded, too many contracts and too many trade setups
I trade when different tools converge, but i didn't do it well today
I trade SIM

I am not technical, i just following my rules and i like to feel the market
market was a bit choppy


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 bobwest 
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"Just following your rules" and "feeling the market" are very good things to do.

Good day today. Good work.

Bob.

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  #9 (permalink)
 Ruth 
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Daytrader999 View Post
@Ruth:

Good luck with your trading, I'm looking forward how things are developing...

BTW, greetings to Ron, I hope he's no longer suffering from his jetlag!

Thanks a lot.
Ron is well now

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  #10 (permalink)
 Ruth 
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tturner86 View Post
Shalom.

Welcome to futures.io (formerly BMT). Your husband is one awesome dude.

Thanks a lot for my husband :-)

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  #11 (permalink)
 Ruth 
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I started of with some bad trades (SIM)
and quickly got myself into trouble, cumulating a few bad trades

at the end I ended up into a bad corner
and my husband @rleplae had to pull me out with his advice/guidance (he has other tools, are they better ?)

finished the day positive, but it shows how i can quickly get myself into trouble
trying to go to a too short timeframe,
loosing the bigger picture

I over traded, I took too much risk
I need to be more patient and wait for quality setupq

I am happy to journal, it helps me to analyse better daily
it forces me to be critical on my actions


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  #12 (permalink)
 BenG 
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Hi Ruth,

great job journaling. Its should really help to see where you can make improvements. Although I've been journaling for a while, I have only just started to put it on futures.io (formerly BMT). I hope you'll overcome the issues and become a profitable trader.

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 thefxpros 
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Ruth View Post
I started of with some bad trades (SIM)
and quickly got myself into trouble, cumulating a few bad trades

at the end I ended up into a bad corner
and my husband @rleplae had to pull me out with his advice/guidance (he has other tools, are they better ?)

finished the day positive, but it shows how i can quickly get myself into trouble
trying to go to a too short timeframe,
loosing the bigger picture

I over traded, I took too much risk
I need to be more patient and wait for quality setupq

I am happy to journal, it helps me to analyse better daily
it forces me to be critical on my actions


Hi, can i make just a question on the fly? Where did you get your median renko generator, please?

thanks

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  #14 (permalink)
 Ruth 
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thefxpros View Post
Hi, can i make just a question on the fly? Where did you get your median renko generator, please?

thanks

Hi,

I don't understand the question , i'm not a technical person, i have Median Renko on the Wizards Den template. It comes from futures.io (formerly BMT). If you want more explanations please ask to my husband @rleplae. I'm using tools that he installed for me.

Thanks

Ruth

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 Ruth 
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BenG View Post
Hi Ruth,

great job journaling. Its should really help to see where you can make improvements. Although I've been journaling for a while, I have only just started to put it on futures.io (formerly BMT). I hope you'll overcome the issues and become a profitable trader.

Hi,
Thanks for your message. I also hope :-)

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 thefxpros 
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Ruth View Post
Hi,

I don't understand the question , i'm not a technical person, i have Median Renko on the Wizards Den template. It comes from futures.io (formerly BMT). If you want more explanations please ask to my husband @rleplae. I'm using tools that he installed for me.

Thanks

Ruth

i made the question because i was interested in where to find that chart type, nothing else.

thanks.

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  #17 (permalink)
 Ruth 
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thefxpros View Post
i made the question because i was interested in where to find that chart type, nothing else.

thanks.

No problem :-)
I just can not give you a good answer... but @rleplae will help you with pleasure :-)
Thanks

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  #18 (permalink)
 Daytrader999 
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thefxpros View Post
i made the question because i was interested in where to find that chart type, nothing else.

thanks.

Well, I'm not Ruth's husband, but you can find MedianRenko bars here:


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 Ruth 
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Daytrader999 View Post
Well, I'm not Ruth's husband, but you can find MedianRenko bars here:


hahahahahahha, great ,
thanks for your help !

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  #20 (permalink)
 Ruth 
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Today i make a summary, i made a few very good trades and a lot of bad trades.
The bad trades, i know my failures...
I have the good tools but i'm missing the bigger picture.
How can i see the bigger picture ?
Often if i talk with my husband @rleplae, he can talk about the context and the bigger picture ... i can not :-(
I don't know if it's me or the tools we are using. We don't use the same .
I was a little bit lost and lost courrage.
I finished the day POSITIVE with 160,00Usd but .... over traded.
If i look at the seven days i'm positive but.... could be better and.... i'm not really a good trader, yet.
I send you the grafics


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 learning0101 
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"I have the good tools but i'm missing the bigger picture".
Hi Ruth Thanks for posting and sharing am curious and would appreciate your feedback and sharing of the
"good tools" peaked my interest!
If you get chance appreciate you elaborating on this subject.
Thanks in avdance

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 Ruth 
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learning0101 View Post
"I have the good tools but i'm missing the bigger picture".
Hi Ruth Thanks for posting and sharing am curious and would appreciate your feedback and sharing of the
"good tools" peaked my interest!
If you get chance appreciate you elaborating on this subject.
Thanks in avdance

I have multiple screens :
- Wizards Den with oscillators indicating swings
- Gomi giving marked foot print/orderflow
- Kwik pop giving momentum

When everything is converging, i trade but ..... :-)

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 BenG 
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Hi Ruth,

I only just noticed that you're using a complete different trading strategy then your husband. Have you had a look at his one? I prefer the use of orderflow, but it is something you have to get used to. How are you finding it?

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 Ruth 
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BenG View Post
Hi Ruth,

I only just noticed that you're using a complete different trading strategy then your husband. Have you had a look at his one? I prefer the use of orderflow, but it is something you have to get used to. How are you finding it?

Hi BenG
Thanks for your comment
I'm using an order flow, the Gomi. It's part of my analyse.
It's help me to look at the direction of the market.
But i always cross my informations between my other tools

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 bobwest 
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Ruth View Post
Today i make a summary, i made a few very good trades and a lot of bad trades.
The bad trades, i know my failures...
I have the good tools but i'm missing the bigger picture.
How can i see the bigger picture ?
Often if i talk with my husband @rleplae, he can talk about the context and the bigger picture ... i can not :-(
I don't know if it's me or the tools we are using. We don't use the same .
I was a little bit lost and lost courrage.
I finished the day POSITIVE with 160,00Usd but .... over traded.
If i look at the seven days i'm positive but.... could be better and.... i'm not really a good trader, yet.

Sorry to disagree, but you're doing well....

Positive for the day, positive for the seven days. Not at all bad.

Everyone makes mistakes and everyone needs to improve in some way, but the results so far are showing something real, and you should realize that.

Good luck as you go forward.

Bob.

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 Ruth 
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bobwest View Post
Sorry to disagree, but you're doing well....

Positive for the day, positive for the seven days. Not at all bad.

Everyone makes mistakes and everyone needs to improve in some way, but the results so far are showing something real, and you should realize that.

Good luck as you go forward.

Bob.

Hi Bob
Thanks a lot for your comment. I'm positive and it's ok, you are right. However i think that i'm doing too much trades and that, it can be possible to work with less for a better or the same result. I think that i have to filter more because for some trades it seems that i can wait for "confirmation" of the momentum...

It's nice to receive encouragement from you

Best regards
Ruth

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  #27 (permalink)
 Ruth 
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I have traded 1 contract per trade only
still too many trades but positive

I focused on GC while CL was the better instrument to trade
It is difficult for me to concentrate on mutliple instruments at the same time
CL moved a lot yesterday but i missed a lot of the moves


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 bobwest 
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Ruth View Post
It is difficult for me to concentrate on mutliple instruments at the same time

I can't do that at all. Also, 1 contract probably is wise right now.

The biggest danger in trading that I have found is in letting my attention get pulled too many ways, so I can't keep focus when I need to. Just what I've found, anyway....

Bob.

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 Ruth 
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Hi
I send you my results (1--> 15 October)
If you have some comments they are welcome to help me to progress.
I had bad days. Difficult to make good trades because chopy markets.

Thanks


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 bobwest 
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Images a little too small to read. It would be better if you made a different image for each screen shot....



Bob.

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 Big Mike 
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bobwest View Post
Images a little too small to read. It would be better if you made a different image for each screen shot....



Bob.

You can click the image, then the icon for full screen. It's not perfect but it's plenty big enough at that point.

Mike

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 bobwest 
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Big Mike View Post
You can click the image, then the icon for full screen. It's not perfect but it's plenty big enough at that point.

Mike

Thanks. Didn't know that.

Bob.

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 bobwest 
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Ruth View Post
Hi
I send you my results (1--> 15 October)
If you have some comments they are welcome to help me to progress.
I had bad days. Difficult to make good trades because chopy markets.

Thanks


Here's the little I could say, based on your overall stats for the period:

- You have an overall profit, which is good. It's easy to notice the difficult parts, but overall you are still ahead, so you are doing well in the long run.

- You have a higher percentage of winning trades: 56.25

- Your average losing trade is greater than your average winning trade (losing: -160.90 vs. winning: +134.33; avg win/loss: .83.)

So a first quick reading of the numbers suggests, to me, that, while you can make enough positive trades to swing your total profit to the positive side, you may need to control the size of the losing trades.

This is a very surface-level summary, and without being able to look at the individual trades, which you can do, it may not actually be right -- that is, perhaps the larger negatives just reflect a few days. But if this summary is mostly right, it suggests to me that you might want to have some sort of more effective loss control.

"Loss control" is a broad idea. Some things that help might include (and you probably are doing many of them, of course):

- Clear stop policy, and never moving the stops to avoid having them hit. The right stop may be hard to decide on, but being consistent with them will cut the big losing trades.
- Having an overall maximum loss amount for the day; some amount that, if hit, means that you simply stop trading. Sort of like a stop-loss for the day instead of just a trade.
- Having some policy to limit the number of losses in a row that you are willing to take before stopping. The idea would be that some days are just not going to be suited to your trading method, and you don't want to keep at it when that is the case. Also, sometimes a person's mental state gets a little off-balance, and they try to "make it back" or take other higher-risk actions after a loss. This kind of rule will limit that. Perhaps you stop for the day, perhaps you just take a break to get your mental balance back; but having such a rule may help if you have strings of losses.

All of these will let your strong points, which are giving you the profits, still come through, and may have the effect of cutting down the size of losses.

I hope some of this makes sense and that it would help you. Again, you are obviously trading well overall, but perhaps attention to simply reducing larger losses with some simple rules would help.

Bob.

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 Ruth 
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bobwest View Post
Here's the little I could say, based on your overall stats for the period:

- You have an overall profit, which is good. It's easy to notice the difficult parts, but overall you are still ahead, so you are doing well in the long run.

- You have a higher percentage of winning trades: 56.25

- Your average losing trade is greater than your average winning trade (losing: -160.90 vs. winning: +134.33; avg win/loss: .83.)

So a first quick reading of the numbers suggests, to me, that, while you can make enough positive trades to swing your total profit to the positive side, you may need to control the size of the losing trades.

This is a very surface-level summary, and without being able to look at the individual trades, which you can do, it may not actually be right -- that is, perhaps the larger negatives just reflect a few days. But if this summary is mostly right, it suggests to me that you might want to have some sort of more effective loss control.

"Loss control" is a broad idea. Some things that help might include (and you probably are doing many of them, of course):

- Clear stop policy, and never moving the stops to avoid having them hit. The right stop may be hard to decide on, but being consistent with them will cut the big losing trades.
- Having an overall maximum loss amount for the day; some amount that, if hit, means that you simply stop trading. Sort of like a stop-loss for the day instead of just a trade.
- Having some policy to limit the number of losses in a row that you are willing to take before stopping. The idea would be that some days are just not going to be suited to your trading method, and you don't want to keep at it when that is the case. Also, sometimes a person's mental state gets a little off-balance, and they try to "make it back" or take other higher-risk actions after a loss. This kind of rule will limit that. Perhaps you stop for the day, perhaps you just take a break to get your mental balance back; but having such a rule may help if you have strings of losses.

All of these will let your strong points, which are giving you the profits, still come through, and may have the effect of cutting down the size of losses.

I hope some of this makes sense and that it would help you. Again, you are obviously trading well overall, but perhaps attention to simply reducing larger losses with some simple rules would help.

Bob.

Hi Bob

Thanks a lot for your analyse. You are right...

If i change, sometimes, the stop, it's because i try to calculate where can be stopped the move back. But when i realise that the trend changed... it's too late and the lost is too important for my rules and the limits i decided for my money management . You are right the best is to make a pause or finish the day and accept the situation. I don't want to lose and want to be good in this job (it's probably stupid) . Today i worked differently. I will publish it tomorrow, i have to go now. I will analyse again what you wrote and work for a better strategy .

It's really nice from you to sent this feed back.
Thanks again
BR
Ruth

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 Ruth 
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Hi

I send you my work of the month. I'm happy with the result... but, i read a lot on the forum, and about comments and ... i understand how long is still the way to become an advanced trader. I'm only on the first step but i like this job and really discovered a new world and an exciting activity.

I will continue to participate to the forum and post my different evolutions and hope to receive feedback and comments.

If i'm not a winner of the contest, i will sim trade one more month

I'm looking forward to start to trade with real money....

Thanks to you all.

Ruth





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 rleplae 
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Hello Fran,

would love to see you sweat
and work on a combine from Top Step Trader

unfortunately my schedule for next weeks/month doesn't allow that
but i prepared you as good as possible

you are close to fly on your own wings now...

many traders would love to have a wife with trading ambitions and motivation like you have expressed
it has been a good subject on conversation
we don't agree always
but for sure we have been able to challenge each other
and help each other to grow


your husband





Ruth View Post
Hi

I send you my work of the month. I'm happy with the result... but, i read a lot on the forum, and about comments and ... i understand how long is still the way to become an advanced trader. I'm only on the first step but i like this job and really discovered a new world and an exciting activity.

I will continue to participate to the forum and post my different evolutions and hope to receive feedback and comments.

If i'm not a winner of the contest, i will sim trade one more month

I'm looking forward to start to trade with real money....

Thanks to you all.

Ruth






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 Ruth 
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rleplae View Post
Hello Fran,

would love to see you sweat
and work on a combine from Top Step Trader

unfortunately my schedule for next weeks/month doesn't allow that
but i prepared you as good as possible

you are close to fly on your own wings now...

many traders would love to have a wife with trading ambitions and motivation like you have expressed
it has been a good subject on conversation
we don't agree always
but for sure we have been able to challenge each other
and help each other to grow


your husband

Dear Husband,

Thanks for your help, your patience and to trust me :-)

:-)

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 rleplae 
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Ruth View Post
Dear Husband,

Thanks for your help, your patience and to trust me :-)

:-)

I wish i had more time to mentor you
scrambling for the next weeks
and i still have to produce a futures.io (formerly BMT) webinar for 4th december

slowly realizing that maybe money is not the most precious resource
but maybe it is time
because if you 'smartly' allocate time, money follows...

that quote is "R Leplae..."

When wisely allocated
time is a more precious resource
than money
money is just a consequence....

(please challenge...)

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 bobwest 
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rleplae View Post
When wisely allocated
time is a more precious resource
than money
money is just a consequence....

(please challenge...)

Can't challenge that, it's just true.

Nice to have you both here....

Bob.

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 Ruth 
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This afternoon I started trading cash... I'm happy
This post is my last post with my SIM account for period 1/11/2014-12/11/2014


Fran Ruth Nols-Leplae
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 bobwest 
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Ruth View Post
This afternoon I started trading cash... I'm happy
This post is my last post with my SIM account for period 1/11/2014-12/11/2014


Congratulations. Good work.

Bob.

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 Ruth 
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Hi

I started to trade cash. But ... I started to be under stress... and i did mistakes... and i lost money

I know exactly the mistakes i did, i talked with @rleplae about decisions i took, he told me that it's a common feeling and a common experience for somebody who changing from sim to cash. I'm afraid to lost money, my money BUT i'm more afraid again to lost my boss (husband ) money

I want to recuperate the money, and i lost again .... pffffffff
I want to be perfect but ...
I want to succeed immediately but ...

Ok the situation is not dramatic, i don't have to sale the house and cats

I will start tomorrow ... QUIET

Thanks for your empathy

Ruth

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 crossover 
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Ruth View Post
Hi

I started to trade cash. But ... I started to be under stress... and i did mistakes... and i lost money

I know exactly the mistakes i did, i talked with @rleplae about decisions i took, he told me that it's a common feeling and a common experience for somebody who changing from sim to cash. I'm afraid to lost money, my money BUT i'm more afraid again to lost my boss (husband ) money

I want to recuperate the money, and i lost again .... pffffffff
I want to be perfect but ...
I want to succeed immediately but ...

Ok the situation is not dramatic, i don't have to sale the house and cats

I will start tomorrow ... QUIET

Thanks for your empathy

Ruth



hé Ruth,

I know that feeling, a bit more stress in the beginning, entering a trade and see its going the wrong way, quickly selling to avoid bigger loss and to see that, after the sell i made, price is going the way you wanted for a nice profit but i sold so i was left with a loss ....

Dont worry to mutch about it. uselly i leave my computer for a little distraction to come back and patient waiting for the next oppertunity following your rules you made before.

Your next trade will be better. I am shure.


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 rleplae 
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Hello Wouter,

Nice to read your comment,
we should organize a (BE trader's) dinner before end of the year... (this is a must !)

I agree with your comment and i tried to explain to my wife Ruth
stick to your rules
try to be persistent, don't change anything..

2,3,4 losses mean nothing
if you are convinced your rules are good

Ruth knows a couple of her mistakes (triggered by psychology and execution...
being different between SIM and CASH)
no suprise, futures.io (formerly BMT) is full of that,
but I told her to install military discipline
continue, and a little bit of a tweak/improvement will propel her into profit

As she said, we don't need to sell (yet) the cats and the house ;-))
but if she tweaks her method and improves her execution skills
we will have a bigger house and even more cats ;-)))

Call me one of these days to fix a dinner...
It would be a pleasure

regards
Ron


crossover View Post
hé Ruth,

I know that feeling, a bit more stress in the beginning, entering a trade and see its going the wrong way, quickly selling to avoid bigger loss and to see that, after the sell i made, price is going the way you wanted for a nice profit but i sold so i was left with a loss ....

Dont worry to mutch about it. uselly i leave my computer for a little distraction to come back and patient waiting for the next oppertunity following your rules you made before.

Your next trade will be better. I am shure.



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 bobwest 
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Ruth View Post
Hi

I started to trade cash. But ... I started to be under stress... and i did mistakes... and i lost money

I know exactly the mistakes i did, i talked with @rleplae about decisions i took, he told me that it's a common feeling and a common experience for somebody who changing from sim to cash. I'm afraid to lost money, my money BUT i'm more afraid again to lost my boss (husband ) money

I want to recuperate the money, and i lost again .... pffffffff
I want to be perfect but ...
I want to succeed immediately but ...

Ok the situation is not dramatic, i don't have to sale the house and cats

I will start tomorrow ... QUIET

Thanks for your empathy

Ruth

There have been a couple of comments on this; I'll add some more (all to the same point....)

As **EVERYONE** who has traded live (cash) discovers, there is a world of difference between trading live and trading sim. You have something real at stake, and a loss is an actual loss of real money, not imaginary points in a game. Also, a profit is a real profit, and it can excite the judgment as much as a loss can cause panic.

You can get over this. It's a matter of continuing with the methods that have worked for you in sim, and recognizing but not giving in to the urgent new emotions that live trading can bring.

I would suggest a few simple, purely mechanical rules to help you keep your mind on track and balanced during the transition time. Only suggestions; you decide what is right for you.

- Have a daily loss limit: a certain amount that you will allow yourself to lose in a day. If you reach that, simply stop trading for the day. Perhaps something is different in the market that day, and your normal method does not work so well. Perhaps something is different for you that day, and you are reacting to the market in a way that is not productive. So, just stop. Tomorrow things will be different.

- If you have a certain number of losses in a row (many people use 3), take a break. Stop trading, get up from the computer, take a walk or something. Wait for a pre-determined time before you go back (some people will wait a half-hour, some will wait until next day.) If the break didn't clear your mind and you still have a loss, stop. Again, the day isn't working out for you.

- Never, ever, try to "make it back" if you have lost money. You cannot rationally expect "making it back" to work. The market does not know that you lost money. Nor does it care. It will just keep on doing whatever it does. If you don't approach it without concern for your previous loss, you will be acting out of desperation instead of making good trading decisions. This is how people see their entire accounts get wiped out.

- Do not let anything override your loss-control rules, whatever you have decided they will be. The urge to keep going and make it back will become strong at exactly the point when you should stop. Decide, in advance, on rules that you can believe in, and make sure to follow them without any change when you actually need them.

And, of course, do not worry about not being perfect. You will never be perfect at anything. Aim for being good enough, that's all, and being good enough over the long run.

Keep going with this. Learn how to limit your losses and the effect of your inevitable mistakes. You can do well at this. It just takes time, and using what you know is workable.

And good luck. Don't sell the house or any cats.

Bob.

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