think of your rules as guidelines that you are hammering out, a work in progress,too rigid and your a stick figure made of pipe cleaners,to soft and your silly putty,try to find a comfort zone...death by a thousand cuts,(stop losses)or death by one big loss(no stops)
Thanks ammo, I think I see what you are saying. I meant not that my rules are inflexible or not set, but like today I was just one beat to slow to impliment them... market just moved one step faster than I was processing. One online friend has the saying 'when I watch my step, I bump my head.' ....maybe accept the 1000 little cuts vs. the big head bump? The more I work at it, all at once will start being able to do things I couldn't... so this is a work in process. It is like all at once my brain will recconect some more RAM memory? And my capacity will up. Those things are still happening.... thank goodness! One day I can't do something, the next it is as easy as breathing.
when you said you were too slow, i thought rigid,nod spent a lot of time on those bars, was generous to share with et....,to loosen up your fear and/or confidence,expand the number of instruments you are watchinq,dow djt,eur/usd,know where there supp/res 's are and sometimes when a selloff dies or rally ends,you'll see why,and can restrict yourself on a few entries that are too close, wait and see how the market reacts at these levels,there is a lot of relief in trading when you see more than one instrument in sync..probably a good excercise for the brain to make it jump around ,not stay in a slot
Yes, that's cool. I've been spending my ....rest of the day off sitting in on Al Brooks free day of watching him talk about the market as it moves. Notice him looking at other time frames and markets and compair what's happening. Fascinating to watch his thinking process as he puts in trend lines, measured moves, etc. Likely will sign up for 2 weeks with Brooks and see more of his approach.
Was planning to trade today while listening to Al Brooks talk about the day as it progressed. But became to caught up in his analysis to actually place a trade! Learned a lot tho. May not sign up for more till Feb...
In short at 1285.50 8:24 stp 1286.5 tgt 1282.5 opps, out with +1.5 8:36 I was changing my stop and inadvertantly entered it as a limit order. Might be good tho, Al brooks.... I signed up for the last 2 weeks of Jan... he is talking possible exhaustion in the last large bar down.
long 9:33 at 1283.25 stop 1281.75 tgt 1285.25 Brooks used a sort of twin up/down for the logic behind this Says it might take an hr or two, if it goes towards the tgt One of among many of his 'if you are long/short here, you'd do x,y,z' trade possibilities.
on average there are three trendays a month,if you are driving in a blizzzard you will take certain precautions that you wouldn't on dry pavement,same applies here