Yup, for me, see pattern, confirm pattern, enter, set stop, set tp, enter in Journal. Rinse and repeat, like I had a store and was buying and selling JellyBabies. The Ever My Other Car Is A Tardis VIPER
I'm a believer in NLP, but am not a worshipper. One needs to burn pricipals they believe into the mind. When an idea which makes logical sense and which one is not capable at the time of implementing due to lack of discipline or resolve, then one should make it a task to create this as a habit. On your trading monitor or even your bathroom mirror, place a sticky...."Trading should be boring and repetive". The brain in time responds and it becomes a natural part of your life. Trading is not about excitement and jumping around all over the place, it's about using what works and pounding the shit out of it, in time your efficiency will improve due to sheer practice and experience.
Thank-You for the unbiased observation. A lot of the things you have cited I am dealing with to correct. Stay tuned. This week I am no longer scalping Bonds. Trading windows are no longer static but they can be at midnight (mst) I am trading Futures not Stock Indices. Surprisingly many of my trades at 6:30AM (mst) last under 1 minute and remember they are a hedged basket and the pace is tamed. I had 8 trades today. I do not consider that a lot. I could have eliminated 2 of them. ES
I am in the process of doing what works and pounding the shit out of it. I am making the necessary changes. This online Journal is the best thing that I have kept...Lost all my friends but I got this damn Journal. ElectricJumpStreetSavant
IMO, success in fi-markets typically arises from one of three sources: 1) Dumb luck. You've come into money during a persistent trend. You don't know enough to trade actively and hold for the majority of the gains. 2) You're a critical thinker and have a lot of cognitive "overhead." Highly motivated and able to exploit an edge/ability to locate and exploit new edges. 3) You're a savant and an expert at pattern recognition on the subconscious level. "Art" over science.
Stop Market An order with a price type of Stop Market is a market order that is held by the exchange and inserted into an instrument‟s order book once that instrument trades at or worse than a specified price (the stop price). For example: Sell 4 ESZ8.CME Stop Market at 1350.25 means that the CME will enter an order to sell 4 ESZ8 at the market into the ESZ8 order book when ESZ8 trades at a price of 1350.25 or lower. Similarly: Buy 3 NQU8.CME Stop Market at 1816.75 means that the CME will enter an order to buy 3 NQU8 at the market into the NQU8 order book when NQU8 trades at the CME at a price of 1816.75 or higher. When a stop is triggered the corresponding Market order becomes active. A stop is considered to have triggered when a instrument trades at or worse than the stop price (at or worse for a buy order means greater than or equal to the stop price, at or worse for a sell order means less than or equal to the stop price). When constructing a Stop Market order, the stop price for a buy order should be greater than the current trade price of the instrument; the stop price for a sell order should be less than the current trade price of the instrument. Otherwise the stops would trigger upon receipt of the Stop Market order by the exchange and the corresponding Limit If Touched An order with a price type of Limit If Touched is a limit order which is held by R | Trade Execution Platform™ and submitted to the exchange once a particular price of a specified contract or instrument (the trigger symbol) meets a specified value (the trigger value). The trigger symbol need not be the same as the contract or instrument of the limit order. For example: Buy 10 ESM8.CME at 1300.00 Limit if Touched, Bid Price of YMM8.CME >= 12300 means that R | Trade Execution Platform™ will submit a limit order to the CME to buy 10 contracts of ESM8 at a price of 1300.00, once the bid price of YMM8 at the CME meets or exceeds 12300. The valid trigger conditions are: The valid compare fields are: != (not equal to) Bid Price < (less than) Last Price (Last Trade Price) <= (less than or equal to) Offer Price (Ask Price) = (equal to) >= (greater than or equal to) > (greater than) The trigger symbol and the contract or instrument to be traded need not be the same. Additionally, the trigger symbol need not be a tradable (real) contract or instrument. For example, if R | Trade Execution Platform™ provides real time index values or synthetic instrument price calculations, the symbols identifying such indices and/or synthetic instruments can be used as trigger symbols Stop Limit An order with a price type of Stop Limit is a limit order that is held by the exchange and inserted into an instrument‟s order book once that instrument trades at or worse than a specified price (the stop price). For example: Buy 6 ESU8.CME at 1300.25, Stop Limit at 1299.75 R | TRADER TRADER’S GUIDE www.rithmic.com Page 80 of 93 means that the CME will enter an order to buy 6 ESU8 with a limit price of 1300.25 into the ESU8 order book when ESU8 trades at the CME at a price of 1299.75 or higher. Similarly: Sell 7 NQM8.CME at 1825.00 Stop Limit at 1825.75 means that the CME will enter an order to sell 7 NQM8 with a limit price of 1825.00 into the NQM8 order book when NQM8 trades at the CME at a price of 1825.75 or lower. When a stop is triggered the corresponding Limit order becomes active. A stop is considered to have triggered when an instrument trades at or worse than the stop price (at or worse for a buy order means greater than or equal to the stop price, at or worse for a sell order means less than or equal to the stop price). When constructing a Stop Limit order, the stop price for a buy order should be greater than the current trade price of the instrument and the limit price should be greater than or equal to the stop price; the stop price for a sell order should be less than the current trade price of the instrument and the limit price should be less than or equal to the stop price. If the stop price were less than or equal to the current trade price for a buy order, the stop would trigger upon receipt of the Stop Limit order by the exchange and the corresponding limit order would become active immediately. Similarly, if the stop price were greater than or equal to the current trade price for a sell order, the stop would trigger upon receipt of the Stop Limit order by the exchange and the corresponding limit order would become active immediately. Some exchanges may reject such Stop Limit orders. Not all exchanges accept Stop Limit orders and not all exchanges accept Stop Market orders for all instruments. When a Stop Market order is not supported by an exchange R | Trade Execution Platform™ holds a Stop Market order until the stop triggers and then submits a Market order to the exchange. In contrast to an exchange (which usually compares a stop price with the last trade price), R | Trade Execution Platform™ considers a stop to have triggered when the offer price of the instrument in a buy order becomes greater than or equal to its stop price and, for a sell order, when the bid price of the instrument becomes less than or equal to its stop price. See below for a list of exchanges and other trading venues that do not support Stop Limit orders.
I never said it wasn’t held by the exchange, I said it wasn’t visible to others. It’s not in their data feed.
You're looking for outside validation. Imho, that direction has limited usefulness to build the confidence you desire. If there is anything that you could do to support yourself in regards to this forum is to ignore and block those that don't have anything constructive to say in your endeavors. This is especially true of disparaging and snarky posters. They are dream stealers and energetic vampires. Certainly there is confirmation bias which is a risk that you'll have to take. Be aware of your weaknesses and focus on your strengths. Until you methodically begin to deconstruct market data into it's smallest granularity and build your discernment, it'll be a struggle in the dark. That would begin by debriefing a day and seeing what went right as well as what could be improved upon. hth edit: Looking at the ending p&l is not what will cause the most learning in regards to your performance.
I just made +$91.58 with 1 contract in three instruments proving to me that money can be made even now. It was an easy trade with hardly any drawdown. Sprout TY for the advice (italics below). I have many on ignore to insulate me from non-growth. To read my posts they have to log out to read then log back in. If anybody is that sick to stalk someone...well there is not much to do. ES That would begin by debriefing a day and seeing what went right as well as what could be improved upon.
Dude seriously, he didn't listen to the E2T guy about stops, how is he going to be able to trade successfully. And the "assumption" should be that the stops are not seen, that's how it works in the real world, in real markets, now if E2T shares stops somehow or whatever that's a different story. But from what I can see, not showing resting stops is the standard procedure with them too. So here you have someone who does not know how the market he is trading in works, nor does he know how the company he is trading with works, and he is SCALPING bonds, seriously scalping bonds. Oh wait he stopped, woop woop. Now as far as this "They are dream stealers and energetic vampires", Des and I have no need to steal any dreams, we have our own, in fact, last night I dreamt I was all alone. I'm rolling a big doughnut and this snake wearing a vest... Oh yeah anyway since I have been titrating up to 1400 Mg Coq10, honestly I do feel more energetic, but as far as being a vampire, nope, now Des on the other hand, I'm not soooooo sure. Oh wait you mean energy Vampire, listen, the only energy vampires here are the willfully ignorant who, along with a load of other nonsense, believe that Volume in Spot Currency and Futures markets are valid metrics to base a trade on, or who believe a guy who masquerades as a chick, or who think that G.S. is stop hunting their micro account, and the mental masochists who, when they are warned not to hit them selves in the head with a hammer, continue to do it because it feels so good when they stop. I personally have tried to help ES, but he will not listen, I was respectful etc, at the start, but after a while it became sadly comical. So then Des comes in, tries to get him to listen by throwing a cold bucket of water on him, and then Des is Satan the Devil, (well maybe), anyway, one way or another he would not listen. Now I have been doing this for years with ES, and he is still not listening. Look at his response to the E2T guy, seriously, what is that all about, it not just that he didn't listen, it's like he is looking for a fight. Or maybe all of this is just to get likes, views and followers. Maybe the E2T guy is really ES, or how bout this, maybe Des is ES and the E2T guy, and I am really Baron, and, no wait he is better looking than I am, in a manly sort of way. The Ever Energy Dream Stealing VIPER