Two trades were not valid and I missed one trade. One of the trades was pure nonsense, because I realized I made a mistake in reading the 15mns, I closed the trade then I went back (this is what's killing me). Making a mistake reading a chart is ok, it is part of the strategy and the discretion. But going back into a trade that you closed because you are not convinced at all, is speechless. I need a circuit breaker that's why I stated in my rules to wait at least 30mns before taking another trade. Other mistakes are related purely to exits, I did not respect my plan at all except the last contract of the last trade, that's $400 left on the table.
My discipline problem is in the genes, it is so big that when doing sim I'm not serious at all. For the fees, I think I'm paying less with the unbundled. All-in would cost me 4.4 a round trip, now, thanks to overtrading, I'm paying 3.6, it helps for scratches.
Your first sentence says it all... STOP...get out of trading...when trading you are fodder...when trading sim you are in a trance... Walk away and send a $100 check to the Salvation Army...money you will not lose... If you don't do it, I have to suspect you are either a Baron 'ring-in' or a complete NUT... Nin
Second day: Today I won't trade until past 10:05. I expect the market to go down to find support around 1325, then up to attempt to break the overnight high. I should be very cautious we may even see 1318, because we need at least one day of Lower Lows on daily for this rally to continue to new highs.
momoNY, Is it possible for you to post a screen image of what's on your monitors that shows how you're charts are setup, simulator et cetera (blacken out any private info such as account number). * You trading from a home office ? * Other resources you're using while trading ? * You only using ONE trade method (highly recommended) while having discipline problems instead of trying to re-design several methods ? * Prior to returning to real money trading...have you consider getting in person help from other traders in your area or from a psychologist in your area because it's obvious to me you're not revealing what's going on in your trading environment. As I stated before...been there and done that. Mark
Could you remind me how you take a screen shot? I trade from home, I have two monitors. I use IB, with BookTrader and five charts all of them ES, 2/5/15/1hour/4hours. That's all. So far I'm using one method, but it is very flexible mainly for entries. I enter on a pullback if trend is established, or near strong support if trend is not broken on higher time frames. A trend is established if there are two HHHL, then think recursively for all other timeframe and glue everything together. I use a lot of pattern recognition from experience.
I doubt that we get to 18. It would signal change in the trend on the 4hours down. So 1319.25 should hold; for a serious up day, 1322 should hold. I will be a buyer at 1323.5