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A Cowboy's Trading Journal
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A Cowboy's Trading Journal

  #151 (permalink)
Zen
milpitas, ca, usa
 
Futures Experience: Intermediate
Platform: Tradestation
Broker/Data: Tradestation, Ameritrade
Favorite Futures: ES, Gold, 10 Yr
 
rahulgopi's Avatar
 
Posts: 1,580 since Feb 2014
Thanks: 1,141 given, 3,520 received
Forum Reputation: Legendary


bmtrading9 View Post
Rahul, Thanks I know that it's not supposed to be easy...it mainly due to my fear I am suffering...I am sure I will conquer my fear but it is taking awfully long...

Sent from my SAMSUNG-SM-G900A using Tapatalk

Emotions are the ebb and flow of life. They are only a problem when we loss control of them. You cannot get rid of emotions unless we scoop out part of our brain. Emotions and thoughts are essentially energy. When we suppress or express a feeling, it tends to leave an energy imprint in our body. These trapped emotions play a vital role in forming beliefs / habits and how we respond to a future event. The emotions you feel today of frustration, disappointment and fear will contribute to your pattern behavior in future. The right way to deal with emotions is to feel and release it instead of suppressing / expressing it. There are few methods mentioned elsewhere in the forum including Sedona Method , Emotion Code, Dr Hawkins method etc.

One aspect of gaining control of emotions is mindfulness. It doesnt mean controlling thoughts or clearing your mind but learn to observe your mind / thoughts. This will awaken the observer and create the awareness of distance between you and your thoughts. Once you practice mindfulness, body awareness, you will start feeling the body sensations associated with emotions.

When I feel a negative emotion, I use Hawkins method to release them. You may do it after the fact too. Essentially , feel the emotions / feelings / sensations associated with the emotions, feel and experience it . Breathe nice and deep. Sit with the feeling until it start fading away. Do it anytime when you experience a negative emotion.

All these will take practice but it will improve every aspect of your life not just trading. Honestly this aspect is the biggest blessing after I choose to trade full time. It has taken me in a direction where it forced me to work on my personal flaws.


Last edited by rahulgopi; September 28th, 2015 at 01:21 PM.
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The following 4 users say Thank You to rahulgopi for this post:
 
  #152 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,789 since Mar 2013
Thanks: 2,908 given, 2,010 received
Forum Reputation: Legendary


rahulgopi View Post
Emotions are the ebb and flow of life. They are only a problem when we loss control of them. You cannot get rid of emotions unless we scoop out part of our brain. Emotions and thoughts are essentially energy. When we suppress or express a feeling, it tends to leave an energy imprint in our body. These trapped emotions play a vital role in forming beliefs / habits and how we respond to a future event. The emotions you feel today of frustration, disappointment and fear will contribute to your pattern behavior in future. The right way to deal with emotions is to feel and release it instead of suppressing / expressing it. There are few methods mentioned elsewhere in the forum including Sedona Method , Emotion Code, Dr Hawkins method etc.

One aspect of gaining control of emotions is mindfulness. It doesnt mean controlling thoughts or clearing your mind but learn to observe your mind / thoughts. This will awaken the observer and create the awareness of distance between you and your thoughts. Once you practice mindfulness, body awareness, you will start feeling the body sensations associated with emotions.

When I feel a negative emotion, I use Hawkins method to release them. You may do it after the fact too. Essentially , feel the emotions / feelings / sensations associated with the emotions, feel and experience it . Breathe nice and deep. Sit with the feeling until it start fading away. Do it anytime when you experience a negative emotion.

All these will take practice but it will improve every aspect of your life not just trading. Honestly this aspect is the biggest blessing after I choose to trade full time. It has taken me in a direction where it forced me to work on my personal flaws.

Rahul your posts are GOLDEN

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The following 2 users say Thank You to bmtrading9 for this post:
 
  #153 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,789 since Mar 2013
Thanks: 2,908 given, 2,010 received
Forum Reputation: Legendary



bmtrading9 View Post
Added to my long at 1880.75 so average is now at 1894.

Added to ES at 1876 to quickly stop out for 1.5 but my average on 2 contracts is 1888...

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  #154 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,789 since Mar 2013
Thanks: 2,908 given, 2,010 received
Forum Reputation: Legendary

Bad blood moon day for me...realized around 30 handle loss total ....still have one long ESZ5 avg at 1879...I will sit on it and lick my wounds....I am ok with today as my 10 day ADR was showing at 36 handles, I entered positions accordingly but Mr. Market have other thoughts...

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  #155 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,789 since Mar 2013
Thanks: 2,908 given, 2,010 received
Forum Reputation: Legendary

Bought 3 SPY Nov 190 calls at 5:60

Sent from my SAMSUNG-SM-G900A using Tapatalk

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  #156 (permalink)
Elite Member
Vancouver Canada
 
Futures Experience: Beginner
Platform: Investor RT & Ninja
Broker/Data: IB & IQ DTN
Favorite Futures: ES
 
Posts: 1,102 since Nov 2014
Thanks: 2,129 given, 1,626 received

Hi

You are clearly more experienced than me and hence I was hesitant to point this out. However, since you have read my posts and familiar with my ups/downs and psychology, I feel confident that you will take this in the right spirit.

I went through your last few days posts. I am glad that you are AWARE of your emotions and that's is clearly an advantage. Next step is what to do with them. @rahulgopi posted great responses about many methods of managing them and even using them to improve our performance. I don't have anything else to add except one thing.

Trade with a size and instrument which gives you an 'I don't care' attitude. For me, it was SPY. I followed this advice from @Big Mike for 3 months early this year and it truly transformed my approach to trading. It's no longer fear or exuberance based. Hence the dejection or elation I experience is minimal now. Infact, when I feel such strong emotions, I swiftly switch to SPY (and not ES) as I hate sitting in the sidelines.


Some of your emotions during the last 2 days


bmtrading9 View Post
Bad blood moon day for me...


bmtrading9 View Post
What a freaking timing...


bmtrading9 View Post
I am so much depressed and dejected about trading...


bmtrading9 View Post
..want to sleep peacefully over the weekend


bmtrading9 View Post
This is one jackass market...


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  #157 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,789 since Mar 2013
Thanks: 2,908 given, 2,010 received
Forum Reputation: Legendary


Narcissus View Post

Trade with a size and instrument which gives you an 'I don't care' attitude.

I totally agree with you but once we taste success with futures/options it is hard to go back to stocks/etf, I know that's the bad thing. I know my issue, I am second guessing everything my plan, my ability etc. by comparing with this abundance of information...that second guessing is direct result of recent memory (either good or bad) and of course size of instrument.

I personally feel this price action we cannot get later, I like volatility/range days and I make money in volatile period but this kind of volatility is kind of new to most of them and I am sure every swing/short term trader is going thru some kind of emotions doesn't matter how small or big the position size is...

Monthly Options is one more instrument I am comfortable with so kind of looking at it...

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  #158 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,789 since Mar 2013
Thanks: 2,908 given, 2,010 received
Forum Reputation: Legendary


Quoting 
still have one long ESZ5 avg at 1879...

Hedged at right time my long because I didn't feel long right

1. because we have everyone expecting new lows to be tested, that makes it tough for new longs to enter so they will wait for new lows

2. Volume at those sells is too high

I am kind of getting worried about my gold trade too...I thought I got it right on that one...should have taken out at 1150 but was looking for big swing

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  #159 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,789 since Mar 2013
Thanks: 2,908 given, 2,010 received
Forum Reputation: Legendary

Stopped out of my One contract of YG for breakeven with 1127.

Still have ES spread and SPY calls...

Thinking to short ES at W-HVN 1892 or 1897 Y-POC and Last weeks Low

I think this is going to be a range day so trying to position that way...

Edit: Looks like weekly VWAP is acting a resistance for now...


Last edited by bmtrading9; September 29th, 2015 at 10:47 AM.
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  #160 (permalink)
Market Wizard
Dallas, TX, USA
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IB
Favorite Futures: ES, YM, TF, CL, GC and ETF's
 
Posts: 1,789 since Mar 2013
Thanks: 2,908 given, 2,010 received
Forum Reputation: Legendary


Instead went long at VWAP...

Edit: Closed it for a small profit....


Last edited by bmtrading9; September 29th, 2015 at 11:07 AM.
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