jasinhbca's quest for discipline, knowledge & profits

Discussion in 'Journals' started by jas_in_hbca, Nov 16, 2010.

  1. You have a lot of time invested in me. The only person I was pissed off at was me for letting us both down.

    Yes, indeed. It's one thing I've learned on this journey is try to be a little less critical/frustrated with myself. It helped to let go of those pissed off feelings and focus on getting back to proper discipline/trading

    Yes, will do.


    Funny, I gotta believe (again) it's possible to have every week a winner. But it is. It really is.
    As long as I focus on patience.




    Thank you. And right back at you. :)
     
    #1631     Jul 2, 2015
    clightmarathon, Redneck and slugar like this.
  2. Redneck

    Redneck

    This coming week is not about believing

    It only about doing (consistent..., discipline) = proving

    Get it right - you'll no longer need to believe - you'll know



    Focus on the process - the results will take care of it self


    RN
     
    #1632     Jul 5, 2015
  3. Redneck

    Redneck

    T-up for tomorrow

    ====================

    Not looking for perfection - absolutely none of us are

    Goal is = consistent..., discipline

    =======================

    Day 1 results = Plan executed well

    Day 2 results = 1 impulse trade / one mismanaged exit

    Day 3 results = 1 mistake bringing stop up too tight / Overall executed well
    (may have been better off just trading one market)


    Day 4 results = Good focus and discipline today / held a couple longer than I like BUT that's good / properly held through normal pullback/ consolidations

    =======================

    Day 5 / 9 (we're on a two week goal of consistency)


    Let's do our job today

    Early on as possible - identify the environment - on your TTF (chop / range/ trend) and trade within it - and keep on it like stink on shit

    Nothing fancy (made up)..., no BS - iow stick to each plan

    ===============================

    jas_in_hbca said:

    The disappointment at the end of the day when seeing needless losses because of my poor discipline can be like daggers.


    I don't like being disappointed in myself EOD.

    "jasinhbca's quest for discipline,"

    =================================

    Get your shit gathered up / Get some rest / Come prepared

    Time to end this insidious weekly loop

    I'll see Ya in the morning

    RN
     
    #1633     Jul 5, 2015
    jas_in_hbca likes this.
  4. Redneck

    Redneck

    One final thought J

    We both obviously believe you can transform into a consistent trader

    Prove us both right this week



    No pressure

    Just be consistent..., and disciplined -> with each day / with each trade / while sitting on hands ;)


    RN
     
    #1634     Jul 5, 2015
    slugar and jas_in_hbca like this.
  5. Redneck

    Redneck

    J,

    Not looking for perfection - absolutely none of us are

    Goal is = consistent..., discipline


    Trade well today

    RN
     
    #1635     Jul 6, 2015
    slugar likes this.
  6. Traded with extreme patience today as was my intention. I'm no longer concerned about making "X" amount of ticks per day. Just focused on patience, taking valid set ups and managing properly.

    4 of 5 trades managed perfectly. Last trade took BE exit but should have given a bit more room.

    Overall, it was a job well done ; esp. for a Monday.

    +29 ticks.
     
    #1636     Jul 6, 2015
    samuel11, slugar, NoDoji and 2 others like this.
  7. Redneck

    Redneck


    Need you to get to a place where today's level of patience is not thought of as extreme - rather it needs to become your normal (a new level of normal)

    Recall my family thinking I pissed off when trading

    ====================

    Mkt will never get any easier - we must step up and become harder


    :)

    RN
     
    #1637     Jul 6, 2015
    jas_in_hbca likes this.
  8. Redneck

    Redneck

    T-up for tomorrow

    ====================

    Not looking for perfection - absolutely none of us are

    Goal is = consistent..., discipline

    =======================

    Day 1 results = Plan executed well

    Day 2 results = 1 impulse trade / one mismanaged exit

    Day 3 results = 1 mistake bringing stop up too tight / Overall executed well
    (may have been better off just trading one market)


    Day 4 results = Good focus and discipline today / held a couple longer than I like BUT that's good / properly held through normal pullback/ consolidations

    Day 5 results = Traded with extreme patience / no longer concerned about making "X" / focused on patience, taking valid set ups and managing properly / 4 trades managed perfectly / Last trade took BE exit but should have given a bit more room / Overall, it was a job well done / esp. for a Monday.


    Any reason you can't repeat day 5's mentality / approach / discipline / patience = No


    =======================

    Day 6 / 9 (we're on a two week goal of consistency)


    Let's do our job today

    Early on as possible - identify the environment - on your TTF (chop / range/ trend) and trade within it - and keep on it like stink on shit

    Nothing fancy (made up)..., no BS - iow stick to each plan

    ===============================

    jas_in_hbca said:

    The disappointment at the end of the day when seeing needless losses because of my poor discipline can be like daggers.


    I don't like being disappointed in myself EOD.

    "jasinhbca's quest for discipline,"

    =================================

    Get some rest / Come prepared

    Time to end this insidious weekly loop

    See Ya in the morning

    RN
     
    #1638     Jul 6, 2015
    slugar and jas_in_hbca like this.
  9. Redneck

    Redneck

    J,

    Not looking for perfection - absolutely none of us are

    Goal is = consistent..., discipline


    Trade well today

    RN
     
    #1639     Jul 7, 2015
    slugar likes this.
  10. Honestly sometimes I have to really ask myself am I objectively grading myself or influenced by a positive PnL. Having said that I reviewed my trades and they're all valid. I got whipsawed long/short/long and had to ask myself was I trading properly ? Yes. I refocused and was patient when I needed to be. The last couple hours CL traded in a wide choppy range which I stayed out of. Good job today. Good job pulling the trigger on some very nice entries.

    I missed some easy early trades because got in late. (Some nights just don't sleep well so rather than trade tired I opt get a later start) Today I could see, based on the large move down, that there would likely be some good opportunities.

    I also saw that a 15 tick target would be too small today. (My grand target selection method; If my price axis is incrementing at 10 ticks rather than 5 ticks, increase your target)

    After an initial loss and the whipsaw trades I was - 35 ticks. But my winners were larger than normal and my last win was + 55. Finished + 51 ticks. Then I ask myself maybe I just got lucky to be positive with the nice trade there. I suppose that's the random distribution of winners & losers. My actions were solid and I adapted to market conditions.

    NQ was also moving very well today which I was watching from time to time. After being done with CL I went to NQ and took the obvious set ups. In w/ 2 cars scale out. + 13.75 total there. Just two trades and needed to call it a day.
     
    #1640     Jul 7, 2015
    samuel11 likes this.