Yes, I am aware of P&L syndrome but what to do I am human but getting better at it. This year I am trying to reach my profit goal for the week atleast 80% of the time so I give till June and see how I am doing, If I reach that goal that means consistency and that's key word for me.
I am also noticing getting distracted immensely with intra-day movements so every time I see huge rally or drop I start questioning myself swing trade or day trade? I ask myself what the heck is wrong with me struggling every day every minute, telling myself you fool look at your swing start how easy it is, I know it's hindsight but still that voice inside tells me when you will learn to hold longer. But when I go for swinging I get immense nervousness holding futures so switched to ETF for swinging but still that voice inside my head is like laughing at me saying you fool .
Yes, I read Trading in the zone and Disciplined Trader very nice books, helped me a lot but haven't done that exercise will look into it.
My MAIN ISSUE IS
INFORMATION vs PRICE risk thanks to you I see that now I will try to follow Mark's Douglas path starting from next week. Only issue is finding those price levels but looks like I am getting better at those.
I followed other instruments except NQ long enough to know the correlations so based on charts I will just try to enter positions with good RR but this year mainly switched to YM.
Again thanks for chiming in and helping me...
I am profitable this year (but would have made a lot more with less effort with little longer holds though..) except for last week's big loss (around $950) and another small loss week, I am thankful to everyone here on FIO.
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Damn my brain is wired to the core for mean reversion because I didn't even got off the ship saw the markets way extended on my 2hr timeframe retested and started dropping so shorted but realized I can't trade without proper context or seeing charts etc etc so closed the short for few YM points
Thanks sir, as I feared I do well in volatile markets and not that good in a trending markets mainly because of my mean reversion mentality and always thinking logical (i.e markets should be doing this not this etc etc.) but we all know markets can be irrational for a very very long time.
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Looks like we are at a point where the oil correlation doesn't matter anymore or is oil just playing games because of options expiration? Anyway my stop is in place so I will accept whatever the fate is
Market (Dax/Dow in my case) can gap big either way from where we are right now, imho. Distance travelled North or South might surprise a lot, it never has been about oil or any of the usual reasons given, they are all their own markets, they appear in sync only when they want to.
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