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I've been on learning about trading for a few years and have recently seen some consistency. I find the driver of this consistency is good execution and when I simply want to execute well. I don't care about my PnL whatsoever.
My good days come from when I want my execution chart to be clean - and if someone were to ask, I could easily explain the execution without a million other *overtrades* cluttering the chart.
I'm not sure what format I'll be using for my posts but I'll try to post here regularly and answer some questions. I am not sure how actively engaged I will be with participants of this thread.
My intention with this post is to hold myself accountable in a public forum of more serious traders - not twitter traders. And I intend to slowly if not completely leave twitter, where I met a handful of incredible traders monumental in my development.
Thanks a lot fu510n! I have heard of it but haven't gotten the chance to read it yet.
Its like a light switch - when I focus on PnL and trying to bump it up to that next level I fall back and need to reset. But when I am just focused on executing - I trade incredibly well. Hopefully I'll have a ton of examples regarding the latter and very little regarding the former
I can relate to this for sure. Focusing on pure execution is definitely where I am seeing improvement on my path, for right now I also trade a position size that I don’t care about so that the money is an afterthought...scaling up as long as I am consistent and not regressing.
hi all! since this post 2 back-to-back record days in terms of performance, and birthing this post - i was arrogant and needed to take some time to reset and refocus
i think ive been able to do so after my performance late into last week. gonna share my execution charts from friday and some insights in terms of market and my performance.
i traded very poorly out of the gate. shortly afterwards i took a pause, stepped back, and tried to zoom out and refocus on the bigger picture. i recognized the plan heading into today and the key levels and executed well afterwards. i need to internalize the fact i do not need to trade the first 5-10 mins, i need to NOT trade when the market hasn't even reached a key level yet! i need to recognize the fomo i am experiencing and accept the fact i have fomo - recognizing and accepting fomo will cause me to take a step back, pause, and see the forest for the trees.
i do not have an issue with cutting winners/losers too early. my issue is i attempt too many times with too big a size and/or too tght of a stop. i also experience a lot of fomo throughout the day. i need to understand/internalize that it is ok if i miss the first move/leg. there are 1-4 intraday legs throughout the day so i'll have other chances to get onboard. think about it - i've closed trades today and reopened new ones, in the same direction, that ran in my favor - maybe even less stressfully cause an intraday structure was created i could lean on!
after a rough/poor performance out of the gate - i took a step back, took a breath, and 1- remembered the day's context 2- developed a plan from that context ie. if X holds with a stop to Y, I will be longing dips targeting Z
ES + NQ
im not sure how often i 'll share. any feedback/suggestions is welcomed in terms of my trading and or content of posts.
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