Here is how I use to do it. You go out after work then take a nap (30-40min) in cab on the way to work and you good to go. But you have to keep drinking at work to stay "alive". Sometimes it's hard to talk though!
Cannot do it any more. Family needs some time also. I enjoy spending time with them.
I work as a Bartender so I can have some fun at work, but that's not the same.
I have helped make one of these once and it was such a bit of work in how to do it perfectly in that it makes setting up your grill look like kiddies' play....
Per the employees, I have ZERO, ZIP, NONE, NADDA, and I stopped doing that a long time ago. But I still hire Consultants, contractors, etc.. and they act like kids most of the time. ESPECIALLY IN HAWAII where the labor is spoiled...
Working in Hawaii is two-fold. The people are next-to-worthless (well, most of them), but because of that, if you are a hard-charger you can really do well. So, I guess the good is because of the 'bad'. I say worthless because it is my judgement of what I consider to be any form of work-ethic not involving being a victim 24/7. Most people here always have their hand out and it makes people on the mainland look like workaholics...
The amazing thing about Hawaii is the have's and the have-not's (I am off-subject big time, but my journal...). The Have's are really the Unions (24% of the population +-), plus the transplants with money before coming here, plus those like me who choose to bust their ass, which accounts for maybe 30% of the overall population. Then you have the have-not's which is 70% of the population.
I have lived all over the United States and I have never seen a place with such wealth so close to such without. It is the true disparity of our time in a telescope for all the tourists to see. We are living in interesting times....
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well... talking bout sparetime...
some time i wanna come to hawaii... its pretty much in my top5 of my wishlist since i heard that you guys have some pretty nice divingspots and the island in general is very attractive... at least from the postcard looks... rofl...
but you could give me - as its going happen that i come over - some advices of place to go to and not to go to...
maybe i am already wealthy enough through trading that i can affort a nice little house since europe is on its way to serfdom and i dont wanna spend much time in such enviroments.
Well, I would say that Hawaii is definitely not the place to go diving. Sorry to burst that bubble. I think since the 60's when we killed all the coral around the islands left the oceans in ruin around the islands unless you take a trip up north to the better and uninhabited atolls/islands...
Much better places in the Pacific then here. If you come, go to Kauai or Big Island as you will actually see some nature.
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Good vision, took the best trades I knew how and stopped for the day. I figured it was short and the better runs would be short, but I decided I was good.
I give myself a B for the day. Moved one of my stops, but more than comfortable doing it. Didn't move the other 2, scaled out early as it looked like it was going to turn without hitting my target and I decided since I was counter-trend trading that my long could be short-lived... I was right...
I am starting to really understand the longer term charts better, while trading intraday.
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What an interesting chop filled day. I believe today officially ends my Holiday stop trading day. No trading till probably the 9th of January. I will look at tomorrow's market, but probably will not trade.
I hesitated, didn't get filled and exited the best entry I had. I couldn't make up my mind but I 'knew' the direction. (I figured the odds were good)
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I wouldn't say you did bad for the market conditions. You had direction right and that's very good. It's hard to get nice entry in choppy market. You didn't have a huge loss and even got to green. I think it's great for market like this.
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Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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High Probability is in context to R:R in my opinion.
If you have a 1:1 Risk:Reward. Then, hitting a higher % of win rate is absolutely necessary.
If you have a 1:4+ R:R, then you can get a much lower win rate and still be good.
Per MACDBB Entry (I am done giving Henry Roche any credit as he didn't invent this concept) then in the context of that system you must take HIGHER PROBABILITY TRADES.
Per counter-trend trading, most would say they are not high PROB. Trades in general as Trend following is much higher.
To me, Counter-Trend has been my way of life so it 'sings' to me much more then being a 'follower'. What I am trying to do now is keep a longer horizon view making sure I understand what is happening, weekly, daily, and below and trying to figure out good trendlines/S&R/Consolidation zones/Breakouts or TYPICAL PRICE ACTION but brought down to the lower time frame and hitting entries only risking 5 ticks.
I am coming to the conclusion for myself that having a 144 chart staring me in the face is not a positive thing. It is distracting, micro-trading that will only leave me most likely with the smallest runs. A larger timeframe (1597t or whatever...) chart really is a better way to play the market and honing your entries once you come to an area through the 144 tick.
The chances of getting a 3-5-7-10 point run is much more likely off those areas and it requires PATIENCE which is something that I see lacking in my infant son as much as my infant-trader self.
Hope this answers your questions. Doubts are good in my opinion (creates learning opportunities), but confidence is better (creates money making opportunities).
This is all evolutionary for me
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