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Wow! Would like to add at weekly HVN are and monthly 1913 area....this is what I expected in the morning and due to issues my TOS platform, I didn't had access to my charts and once I get access and jumped in too early for a day trade, now issue would be converting my brain thinking convert it to swing, convert it to swing let's see....
Edit: Entered one more at 1911 with average of 1904.5
Can you help answer these questions from other members on NexusFi?
Puked...Just insane, Still short with one contract...huge dent in account plus confidence have to take break and re group after couple of weeks...good luck to all
Wow! Trade Mindefully by Gary Dayton is a great book so far my issues
1. Heuristic - mental short cut
2. Representativeness Heuristic - Mental shortcut that looks for similarity between the current situation or event and its overall class as a way to judge probability.
3. Intuitive and Deliberative thinking - Intuitive mind, quick and efficient, is exceptionally poor at determining probabilities, a key skill in trading i.e determining probabilities is IMPORTANT for trading success....
so basically after sometime (how much time only god knows) when trading you will develop intuitive mindset as good as deliberate mindset in identifying the trades...so intuitiveness will be ingrained in your brain and trading be like answering what is 2+2 instead of hitting a mental blind-spot...
Trade Mindfully is one among the best trading psychology book I have read. I have read "Thinking Fast and Slow" by Daniel K before, Gary adopted the best in that book and combined it with mindfulness to create a good solution for traders. Keep practicing it and it will work well.
Please note when you practice mindfulness, idea is not to quiet the mind and suppress or control thoughts, but to just observe them. Trying to quiet the mind or control thoughts is another way to manufacture stress and disappointment. Once the observer aspect is enhanced, you wont get attached to thoughts unconsciously and they will just fade away. Once you are mindful, what ever you do will be your conscious choice, not driven by automatic impulsive and emotional response.
Closed my Mini Gold position from 1923 to 1135...tossed my long term analysis because I am way beyond my panic levels on this slow grid up on my ES short...
