I am reading your journal day by day, and maybe the error is on my sight, but what I see is chaos. When you do writing something you are really writing everything. I have been stopped counting your good and bad characteristic after 10, also right now you are highlighting a lots of market, just like to be a forex trader, to trade every pair.
Do not get me wrong I do believe you that you are a genius, but if you have some time a really would like to see a digested version, where you are highlighting maximum 5 good,bad characteristic, maximum 2 market to trade etc...
Sorry to bother you with this. I used to be a consultant, and we were doing this methadology all the time. Overloading the customer with lots of copy-pasted methadology, documentations, etc. We were sending these all the time around midnight, and asked the to check it over and commented it in 2 days, meaning they had no chance to do it. Or if they did, we were working again during overtime and send them back the ball almost immideatly. So they at the end agreed. Ofc we known what was important in the documentation and what was bullshit, so we were easly pointed that out during the execution phase
But coming back to my point, it is hard to know you better, or even really comment something because you are everything:P
 Trading is a competitive game requiring skill. It's not a puzzle with a solution.
 Trade using price, time, volume and an understanding of whose trading.
 Seek to understand what moves price, no secrets (orders)
 Trust your own intuition and be sceptical of others who cannot produce a brokerage statement with good results
 Trade using market depth (dom) and/or simple price charts
 Price charts don't need to be based on time, they can be based on volatility (range) too
 Futures contracts are the best day trading instrument
 Understand how different traders/investors are active at different times, use this to your advantage
 News is history but can give sentiment and volatility
 Fundamentals don't apply to day trading
 Patience, discipline and accepting uncertainty is key
 Support and resistance, order flow, price action, vwap, volume profile, market structure (trend/range/chop), energy, volatility, gauging market participants likelihood to puke or enter, behavioural finance and structuring trading to avoid human flaws (yes you have them, and many!!)
 See yourself as your own coach. Both your mentor and motivator.
 Seek to make trading a positive experience, only trade with a particular goal in mind
 Assume most market movements are random to you, you cannot predict them, only look for specific circumstances that have good probabilities, these are rare and specific
 Work on improving yourself, honesty, transparency and accepting your flaws rather than hiding them
 Realise trading doesn't determine your value and that a losing trade is like taking a shot at football and missing - not a big deal and part of the game and you can't score with out the shots.
 Most people do not have a clue what moves price. The answer is, puking, new money, limit orders, market orders
 Try to understand when higher time frame participants are playing
 Try to understand when people are twitching their fingers on the mouse, waiting to make a move.
 Everyone is like you, taking on a difficult challenge that isn't easy and has a ton of failure. The key is persistence, hard work and deliberate practice and ability to take losing in ones stride.
No offense taken, actually I really appreciate your feedback Matevisky and do think I've fallen off track a bit recently.
Posts such as the strengths/weaknesses are more like a stream of consciousness and thoughts, than a structured/planned post. And there purpose is for my own personal future reference, I'm not trying to offer advice to others also, I think this journal can only serve as entertainment and friendship for others because I am not a consistently profitable trader (yet). And I agree this journal thus far has been very chaotic and lacks focus.
This is likely because I have trouble committing to a particular thing. I think... "What market should I trade" and I have so many answers, I cannot choose, so I think and think and think and never choose.
Your observations are very accurate.
And I do not consider myself a genius, really I believe everyone has the potential to be successful including myself. I only think that I will not fail at something again due to a lack of hard work.
When I wrote this list of weaknesses and strengths, originally I only planned on writing my negative characteristics that needed improvement. But by the end of writing the negative characteristics, I was quite down about the fact that I managed to think of so many and it's laughable but I hurt my own feelings lol So I ended up thinking "ok, write your strengths too" and as I thought of more and more, I felt better again, realising that I wasn't so bad after all.
I am over thinking everything. I am maybe finding all the choices and information hard to digest into as you say a 'digested version'.
Over time, the chaos will reduce and the journal will become more focused. And thank you for pointing this out to me, or else I couldn't notice and improve on this issue.
Whenever you or anyone else has feedback or an area for me to improve, I really appreciate the constructive criticism, or else I have a tendency to fall into my own little world.
Example here. You are giving a list with 19 item. What do you think which is the 5 most important for you. You have givin a characteristic about yourself. What do you think which is the 5 most aligned with you. Etc...
Concentrating these kind of things what you are writing down is to much to maintain, at least for me
I will really try to take on board what you are saying and work hard on prioritising what's important.
It's likely I won't post for a while until I've sorted out my priorities and where I need to focus my attention. Then I will post my actual trades in detail, and how they went, so that I have a record of how I'm doing to then take feedback and find areas that need work.
The following user says Thank You to TurismoTek for this post:
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Favorite Futures: EMD, 6J, ZB
Posts: 798 since Oct 2009
Thanks: 216 given,
Hand sized lists,
Hand sized trading contracts,
Hand sized goals!
I just gave you the three finger salute, against a backdrop of a fist full of wisdom.
No more than 3 items on your list, or 3 lists.
No more than 3 contracts to focus upon and know inside and out...
.....(volume patterns, market participants, reaction to news events....)
.....(see, just 3 of the most important components only)
No more than 3 items on your goals list....
.....(change your trading for fun to trading for business/make a living/etc.
.....(get serious, will yuh...
all the best
good trading and health to you too....
The following 2 users say Thank You to kronie for this post: