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David's Trading Journal Chapter 2


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David's Trading Journal Chapter 2

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  #41 (permalink)
 David_R 
Legendary Market Wizard
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stel View Post
Nobody will help you,you are on your own the moment you realise that it will be your start point,i am 1oo% selfeducated, if i decide to help someone,it will be to share my opinion about a market and i will get paid for that.

The people who will help you in a forum will be newbies and intermediates who believe they are advanced not really advanced

I do realize I'm alone. I feel like I'm alone. That's what adds to the frustration. Not knowing where to turn. After the fact I realize my mistakes. Focusing on on thing instead of putting many pieces together.

There are those on this forum that are willing and kind enough to help, or at a minimum suggest something to help and it's appreciated.

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  #42 (permalink)
 TraderTS 
Texas, USA
 
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David_R View Post
Actually, I don't know what to do. Do I use indicators, or not. Do i drop the orderflow indicators or not. Do I use the volume profile, or not. Is the supply/demand zone concept and trading the levels valid? Should any level be traded without some sort of signal/indication it will work. I don't know anymore. Been a member of this site since 2009 and am not a scratch trader.

... to find my EDGE
My journey in trading futures started in 2009 after I lost it all and more during the 2008 Financial Crisis by trading stocks for a decade.

At the time, Ninja Trader 7 platform didn't have indicators that I needed and I didn't find "Big Mike Trading" until August 2014... where many excellent indicators to download for FREE and to save time doing homework.

Many long nights... I kept track of key levels in MS Excel spreadsheet then I've done chart-journal (in detail) every day for weeks, months, and years... until I was good at it; I reduced chart-journal to weekly instead. This process kept me in tune with which level(s) would likely be getting retests and why.
In addition, I kept track in another MS Excel spreadsheet of what measured move(s) was/were in play and whether the target(s) hit or miss. I didn't understand why some setups would hit T113% but others could be extended to T127.2% or 161.8%

I tried almost everything (including Market Profile) for years because nothing "clicked" and convinced me yet.
It took me six years to find my missing piece of the puzzle in Harmonic Patterns Trading, another two years of forward-testing my strategy during quarterly rollovers.

Long story short, what's my EDGE currently?
I am a Swing Trader... I'm trading highly profitable and repeatable Harmonic Patterns from 60M/240M charts but I'm also utilizing the 5393T chart for intraday trades along with Market Profile and Market Geometry.

Note
There are only THREE indicators left that I am still using from FIO download section: mkHarmonics, dValueArea, and amaOpeningRange
... see chart examples of my trading plan since OCT's Low and going toward FOMC and NFP Day this week.
https://www.screencast.com/t/Viy7lgSSifu
https://www.screencast.com/t/PQhvffNP


Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
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  #43 (permalink)
 TraderTS 
Texas, USA
 
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David_R View Post
...
There are those on this forum that are willing and kind enough to help, or at a minimum suggest something to help and it's appreciated.


This is the motivational canvas by my trading desk to remind myself to "Never Give Up".


It's time to give myself a second chance to relearn to trade TECH stocks again, especially FANGMAN+T
Not only to trade intraday but to swing between earnings depending on inflection points of the S&P 500 and the NASDAQ.

That was in August.
I thought knowing what I know now, trading stocks should be easier, but three months later... I realized my biggest enemy is following me - getting older!
I cannot multitask anymore, my eyesight is not what it use to be, my brain takes so much longer to learn or relearn a platform. Mind you, I am not that old... just in early sixty.

Oops! I am not done yet... I hit the 'Save Changes' button by mistake...
Stay tuned.


Therefore, I drop the idea of intraday trading TECH stocks but will continue with swing positions in-between earnings for the next two years, do or die (not a day longer in that time frame).
Must admit that there are goals that I cannot achieve in this lifetime, besides wanting to be Elliot Wave or Options Trader.

In summary, you are the best person to find your own EDGE and the only ONE who can decide whether or not to continue.
Whatever the path you'll choose... and as the results of success or failure... make sure you'll be alright emotionally and financially.

Best wishes,
iTS

p.s.
Yesterday, I rewatched the old video on Youtube, 'TRADER DOCUMENTARY 1987 - PAUL TUDOR JONES'
... his journey wasn't that great in the beginning either - "First-year in his first trading job, he did nothing but getting coffee".

Note: Not sure if I can post the old video (so I won't) but watch it before it gets taken down because Mr. Jones didn't like the documentary, so he tried to buy back every copy in circulation...


Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
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  #44 (permalink)
 Massive l 
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stel View Post
Nobody will help you,you are on your own the moment you realise that it will be your start point,i am 1oo% selfeducated, if i decide to help someone,it will be to share my opinion about a market and i will get paid for that.

The people who will help you in a forum will be newbies and intermediates who believe they are advanced not really advanced

There are pro level traders on here who help for free. We're not jumping up and down and spitting out everything we know though.
But if someone has a question I'm usually more than happy to answer. If it became a constant thing I'd consider opening an LLC
as a consulting company. But it's not and I have 0 desire to do that. So questions here and there are never an issue.

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  #45 (permalink)
 Massive l 
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stel View Post
Ι have helped you enough i believe,do you want me to tell you what indicators to use?
What methods to use. How to become consistent. Why should i do that . ( If i know of course,i am not making any claims,its forbidden anyway in the forum. )
You have paid money on courses, why you believe someone in a forum will give you something for free.

Seriously, what's with the attitude? lol

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  #46 (permalink)
 bobwest 
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stel View Post
Nobody will help you,you are on your own the moment you realise that it will be your start point,i am 1oo% selfeducated, if i decide to help someone,it will be to share my opinion about a market and i will get paid for that.

The people who will help you in a forum will be newbies and intermediates who believe they are advanced not really advanced

Actually, no.

This is a forum where people do help. And seldom brag about how much they know.


stel View Post
Ι have helped you enough i believe,do you want me to tell you what indicators to use?
What methods to use. How to become consistent. Why should i do that . ( If i know of course,i am not making any claims,its forbidden anyway in the forum. )
You have paid money on courses, why you believe someone in a forum will give you something for free.


Massive l View Post
Seriously, what's with the attitude? lol

@stel, this is a good question from @Massive l. It seems like all your posts are hostile and angry. If you don't want to help, then don't help. You don't have to. But don't make every post negative and written to run down the person you're speaking to. You don't have to do that either.

If you can't write something that benefits someone, just don't post it. If you think you are actually benefiting someone by telling them hard truths, at least don't be hostile and demeaning to them. A negatively critical attitude, only finding fault, does not benefit anyone.

People are expected to post with professional courtesy and respect for each other on this forum. Please follow the standards of the forum, if you wish to continue posting here.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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  #47 (permalink)
 bobwest 
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stel View Post
My posts are not hostile and angry,i dont wish to continue posting, i would like to delete my account,but i couldht find how,if you could do it for me.
,You could delete all my posts too,and my thread i dont have any problem about that.Thank you.

Happy to oblige.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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  #48 (permalink)
 AllSeeker 
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I've been happy reader of your old price action related thread on this forum. I had great help from it at that point in my trading journey, so a little post of encouragement in your time of need is also due from me.

This is strictly my opinion, but I feel at the moment too much is going on in your mind, your frustration over long losing streak is common with most of us, revising and re-creating trading ideas/strategy/plans is also very common with us who try to slug it out in long run. And one constant that has helped me is "staying true to passion but also taking step back from time to time".

It's better to take break, it's better to take less number of and small when things are not going our way, and its better to not go into complete overhaul of everything when we experience -ve month, sometimes just markets are not with us, sometimes its just luck, yes, sometimes its indication of requiring change but I've read your posts, you are a smart man and I don't necessarily feel what you trade is completely bust system, maybe some narrow downing on choices can do some good, but its worth to hang in.


Don't give up!

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  #49 (permalink)
 bobwest 
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AllSeeker View Post
I've been happy reader of your old price action related thread on this forum. I had great help from it at that point in my trading journey, so a little post of encouragement in your time of need is also due from me.
...

Don't give up!

David, I have also benefited from your posts.

We are all trying, and sometimes it doesn't go well and we are discouraged. I don't have a solution for you, because after all I am not you.... but there is a way forward for you, and you can find it. It may lead to better trading, it may lead to taking a break from trading, it may lead to leaving trading for something else. I don't have any way to know.

But there is a better time ahead, and you can get there.

In the meantime, many of us have read your posts over the years and felt a kinship in the same journey and struggles. Don't feel alone. That is the voice of discouragement, and you are not alone. See if you can find a way free from the discouragement and see things in a different light, and take whatever actions you think best when things have settled.

And good luck, man.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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  #50 (permalink)
Symple
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@stel

You wrote: The people who will help you on a forum are newbies and advanced people who think they are advanced but are not really advanced My two cents on your comment, which I don't think is off base in any way.

Anyone can have such thoughts, sometimes even proofed as facts, and they must be in the minds of people looking for free help on the net.

But in doing so, one must take into account a few other facts which cannot be swept away from the table: Facts that also require and presuppose tolerance:

Whoever teaches others something, at whatever level, learns himself and can even pass on knowledge to others.

So it is not appropriate to despise this, even if it does not bring one or the other what he may have been looking for. Also, it is more given to one or another to be a spoon feeder than another. I am absolutely not a spoon feeder and can absolutely live with that.

I wish you. @stel. continued success in life, however, as trading is not the solution to personal happiness par excellence. For one or the other very well, but what do the others.

Know yourself best and the solution is given or will come to you by idea.

Symple

Edit as I recognized my partly, salad English. One excuse me, as it is not my mother tongue.

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