ES Journal Archive (2011)

Discussion in 'Journals' started by Buy1Sell2, Jan 3, 2011.

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  1. jjf

    jjf

    Everyone on this thread has something to contribute.
    From a point of view, to an eye for detail, to well reasoned logic and of course pure entertainment.

    Those who trade can spot those who don't in a second and those who don't, have no idea what I have just written.
    But in an attempt to mask their clueless approach, they contribute a post which automatically confirms their status.
     
    #81     Jan 4, 2011
  2. emg

    emg

    Good Morning Traders!
     
    #82     Jan 4, 2011
  3. emg

    emg


    this is part of your "basic principals" es trading. Now, begin posting your "basic principals" trade.

    jjf is willing to teach his basic principals es trade for free. Make sure you PM jjf

    According to Magna's es journal thread's rules, must post trades. Start posting your 'basic principals" trade

    there are few people in this thread contribute. they are:

    ammo
    emg
    i c fed people
    shizo
    volente
    Pholeuon
    airwaves
    candles
    BA Trader
    Laissez Faire


    The one that do not contribute or post trades but criticize which is why shizo decides not to post trades are:

    NiN
    No.Heat
    jjf
    pekelo
    JSSPMK
    nexen


    The fact is, the one that are making money day trading es do not criticize other traders trade while those who criticize represents 97% of traders lose trading in the futures market.

    A great successful traders have an excellent personality. That is how they are able to gather huge network of other successful traders.
     
    #83     Jan 4, 2011
  4. emg

    emg

    The reason those failure traders criticize because they are constantly losing and are jealous other traders making money. Those that criticizes are a very poor businessmen/salesmen. Trading is also business. You create a huge network.
     
    #84     Jan 4, 2011
  5. JSSPMK

    JSSPMK

    Lol

    Missed a trade by a tick
    +1 point gain
    Good morning traders
    Cftc risk disclaimers
    No stop
    $100k allocation to a contract worth $63k+
    all are your contributions

    My last 3 trades posted here closed for over 40 points gain
    I have another thread on ET that is over 90% ROI within last 12 months

    LOL mate, LOL indeed ;(



     
    #85     Jan 4, 2011
  6. emg

    emg


    you don't post your trades ahead of time.
     
    #86     Jan 4, 2011
  7. JSSPMK

    JSSPMK

    Everything real-time or limits stated before time, please provide proof of delayed trades posted.

    Constructive criticism is fine.
     
    #87     Jan 4, 2011
  8. Pekelo

    Pekelo

    The one who can't stand helpful scrutiny is either incredibly stupid or a liar. Or both.

    Now someone gave me advice how to make my system (2nd gap this morning by the way) more efficient, I would be thanking him like crazy, instead of crying like a baby. Grow up and take it like a man!

    But the Journal got certainly more interesting, so for that, we thank you... :)

    P.S.: By the way what is your goal of posting here if not getting a feedback on your trading??? If you can't stand the heat, don't post on a public forum...
     
    #88     Jan 4, 2011
  9. jjf

    jjf

    Here is a little something I wrote a while back ......

    Most people simply do not understand the big Trading picture; and as a consequence everything they attempt to do in greater detail than their broader understanding, is not going to bear fruit................................

    ie ... if you are attracted to trading as a noobie because you want to make lots and lots of money , then this tape of desire will continuously replay within your mind at some deeper level and you are going to attract a whole lot of hurt and confusion.
    Every conscious decision you take will be guided by instant gratification in order to fulfill the original desire. After all, your mind is only fulfulling the task that you gave it
    If your predominant goal is to learn how to manage risk, the journey CAN be entirely different.... note I wrote CAN not WILL.... but you are off to a good start.
    Of course details are vitally important and of course we all must pay absolute attention to them, it goes without saying.
    But without the correct top down macro thinking in place first, then the details will never fall into line for you.
    This is the Basic Principal.
    Without it, you will always find the details are fighting each other and your trading will always be a passage of hurt, frustration and confusion.
    This is most probably the reason for the very high failure rate in Trading.
    IMO to become a successful Trader we each need the capacity of original thought backed up by the mental strength to follow through to the point of success. Pro Golfers and Pro Tennis Players to name a couple, would understand what I mean .... They live in a singular win/ loss world.
    You might think that they live to beat the other player and that is the apparent outcome, but the reality is that they train to master themselves and thereby master the game.
    It is very hard to master trading, I imagine it will take a lifetime.
    That is what I continually tell myself .... I am a perpetual student of the markets
    If I am a perpetual student, then it follows that I cannot add to my own aging process, nor can I get ahead of myself by claiming mastery over price and therefore triggering my own trading demise.
    The difficult problem for noobies to overcome is only themselves.
    They arrive at the front door of trading with only second hand experience from a highly manipulated world. Firstly from their upbringing and then from their schooling and their peers and finally from the commercial world.
    In short, they are Lab Rats.
    In order to make their own journey even more difficult [impossible] they tell themselves that they are really motivated, very bright [they even have a piece of paper to prove it] and then the final kick to their own gonads .... they tell themselves they are type A girlyboys and girls.
    All that garbage needs to be knocked out of them before they can take control of their mind for the first time in their life.
    And so what do they do ... yes indeed they seek out the company of other Lab Rats at watering holes on the net. [ET, TL, Trade2Win etc]In no time at all they are locked in deadly verbal combat with other Lab Rats all desperate to defend their chosen right to utter stupidity as they slide down the slippery slope of failure.
    Each ridiculous utterance reinforces the rubbish in their minds at the very time they should be finding the courage to empty their heads and begin the task of taking control of themselves.
    This process is not to be at all confused with the exhaustion programs of Seals, SAS etc. These programs are designed to complete missions and bring you back alive after you have unquestionably accepted a mission into the the other fellows backyard.
    This is very different to trading. For starters you are in the company of other equals all trained in the same manner.
    I notice that a link has been established between TOPGUN and trading [most probably to attract Types A into spending money on training courses].
    TOPGUNs have a serious technical advantage whilst Retail Traders have none.
    We Retail Traders are ALONE in an ever increasing sea of technical advantage stacked heavily against our success. Not because someone is out to get us, but simply because we are standing in the wrong place at the wrong time.
    Therefore it stands to reason that if we are in the right place at the right time then market momentum will sweep us along into profitability
    And that is our daily challenge.... how hard can this be.
    Our biggest advantage is the power of our minds.
     
    #89     Jan 4, 2011
  10. Pekelo

    Pekelo

    Filled already. Wasn't huge, but a sure 2+ pts....

    (you have to count it from cash close, not 4:15 pm, before anyone complains) :)
     
    #90     Jan 4, 2011
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