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New Beginnings: The Journal of a Trader's Journey to Equanimity


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New Beginnings: The Journal of a Trader's Journey to Equanimity

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  #91 (permalink)
 omaha786 
San Diego, California
 
Experience: Intermediate
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plethora View Post
8 trades today (all long) on the TOS Sim, each 2 contracts
5 CL; 3 6E
7 Winners: 87 ticks
1 Loser (6E): -15 ticks
1 B/E: 1 tick
Net Profit: +73 ticks

This excludes yesterday's afternoon and evening success.

Simply remarkable!

I wonder why the attachment doesn't popup?

Erorr Message when click the attachement. I am an elite member. but:

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Elite Membership May Be Required For This Action - Some threads and posts are only available to Elite Members . If you followed a link from a post, it is likely pointing to an Elite-only forum or an Elite-only download, and you are not yet an Elite Member so cannot access it.

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  #92 (permalink)
 plethora 
Los Angeles, CA
 
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omaha786 View Post
Erorr Message when click the attachement. I am an elite member. but:

Error Message:
Invalid Attachment specified. If you followed a valid link, please notify the administrator
Elite Membership May Be Required For This Action - Some threads and posts are only available to Elite Members . If you followed a link from a post, it is likely pointing to an Elite-only forum or an Elite-only download, and you are not yet an Elite Member so cannot access it.

Just some of the advantages of becoming an Elite Member:
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Omaha, I thought I was an Elite Member!
Perhaps my membership expired.
But I never received a notice, at least
not that I remember.
How often should membership be renewed?
Thanks.

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  #93 (permalink)
 omaha786 
San Diego, California
 
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Broker: IB, OEC, Optimus, DDT
Trading: ES, ZN
 
Posts: 221 since Jun 2010
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plethora View Post
Omaha, I thought I was an Elite Member!
Perhaps my membership expired.
But I never received a notice, at least
not that I remember.
How often should membership be renewed?
Thanks.

Your elite membership never expires as far as I know. It's just some error message from the web server. Big Mike can fix it when he comes in here.

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  #94 (permalink)
 Big Mike 
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Only the first line of the error message was relevant, as it said -- invalid attachment ID.

Just re-upload your attachment. It happens sometimes, maybe 1 out of 1,000 times an attachment is posted.

The rest of the message about Elite Membership is because 99% of the time when someone gets a error message it is because they tried to access an elite thread but weren't an elite member.

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  #95 (permalink)
 plethora 
Los Angeles, CA
 
Experience: Intermediate
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The Bad:

Brutal day! Six trades, six losses. About $1,700 virtual money down the tubes. If I were trading live, this would be considered a good day. I lost a bit more than everything I made yesterday but I'm still up $1,000 for the week. Fortunately, I had to leave the computer to go for physical therapy. Sweet, because nothing short of walking outside could pull me away.

The Good:

(1) I was "consciously incompetent". Clearly, I was aware that none of the trades I took were setups. But I missed the initial setups and was too impatient to wait for a real setup instead of an imagined setup re-emerge.. I tip my hat to anyone who can take one or two trades and sit on their hands watching the market the rest of the day. Deep down inside, I felt it was a losing day before it even started. I had something on my mind and couldn't shake it. What kind of rule can I make up that doesn't demand or expect that I trade every day. But then the other side of me kept saying, "it's not real money -- keep practicing." There's a cast of characters in my head saying different things. Clearly I am a "No Rules" trader like monpere illuminated. I guess my rules aren't clear to me. But I really want to be a Rules Trader. I don't want to trade from the hip without rules. Sheesh. I'm looking up at the heading here and am reminded I'm writing about the "positives" of my day. Let me not digress. The point is, I may not follow my rules and I'm aware that that the trades I took were not setups. The 8 SMA wasn't above the 21, I don't think in any trade I took. It was close but no cigar. Every time I try to front run the indicators I lose out.

(2) I traded with two contracts not 10.

(3) I was trading on the Sim not live.

(4) I did not move my stops. Well, actually, once when I moved my stop, I quickly moved it back to where it should be. LOL. Yes, I'm still pulling that crap but resisted against all desire, and I say here, it was HARD to do.

(4) New Rule: as if I follow my old rules - Three consecutive losing trades and I'm out. I mean that. But how can I believe myself if I don't follow other rules.

(5) I'm going to improve slowly. This is part of the process. I could keep trading on a Sim for a year. It's less expensive to support myself from savings than lose more money trading live everyday.

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  #96 (permalink)
 plethora 
Los Angeles, CA
 
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NEW RULE:

Three trades a day. That's right. This will teach me discipline if nothing else does. I better make them count.

I'm going to make this really simple for myself: 2nd rule is the SMA 8 must be above the 21.

WTF is so difficult?!

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  #97 (permalink)
 thatguy 
New Brunswick, NJ
 
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plethora View Post
NEW RULE:

Three trades a day. That's right. This will teach me discipline if nothing else does. I better make them count.

I'm going to make this really simple for myself: 2nd rule is the SMA 8 must be above the 21.

WTF is so difficult?!

Can I suggest another rule? "No new rules until you trade the current rule set for at least 2 weeks." If you add new rules every day, you are constantly evaluating a moving target.

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  #98 (permalink)
 plethora 
Los Angeles, CA
 
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thatguy View Post
Can I suggest another rule? "No new rules until you trade the current rule set for at least 2 weeks." If you add new rules every day, you are constantly evaluating a moving target.

Haha. That rule is music to my ears. But may I ask you one question, thatguy? Is there any point at which I stop trading after a specific number of losses? Or do I forget that rule too and just do my best?

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  #99 (permalink)
Tundi
Fullerton, CA
 
 
Posts: 201 since Dec 2010
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omaha786 View Post
Really? I never tried to develop an auto strategy. Maybe I should start to try.

Really!

All you need is a set of rules--with or without indicators--and your strategy can be automated. It's crucial to work with a coder who understands what you need and can communicate with you (PM me for referrals) in your native language to keep development expense reasonable.

Trade with confidence and without psychological mumbo jumbo or stress. Go automated!

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  #100 (permalink)
 plethora 
Los Angeles, CA
 
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Posts: 629 since Dec 2010
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Tundi View Post
Really!

All you need is a set of rules--with or without indicators--and your strategy can be automated. It's crucial to work with a coder who understands what you need and can communicate with you (PM me for referrals) in your native language to keep development expense reasonable.

Trade with confidence and without psychological mumbo jumbo or stress. Go automated!

I'm not omaha but I'm PM'g you, too, Tundi. Thanks.

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