Hi friend......... my personal experience is that for a person who want a good trader he must have to work too hard. A real business man is one can play with costumer thinking, a costumer come with own think for a item, but a trader can change it. what he want to sell. Nancy
Hi http://www.elitetrader.com/vb/showthread.php?s=&threadid=228133&perpage=6&pagenumber=17 my system for FGBL, FDAX, ES, good luck
Today was a very choppy Trading Range day till 2:30. I took only 2 trades and was very happy that I was disciplined today and didn't get chopped as I usually would have. It prove again, that discipline pays off. After today I know that I can do this - I can be patient and trade only the best set ups , but I also know that it's hard and I shouldn't get overly confident for tomorrow. It often happens that after a good day, I get overconfident, so I need to be vigilant for tomorrow.
Ego is not the end all, there are other things involved. It's more like multiple personalities disorder. It depends on what personality is in charge, the rational or not. To be a successful trader, you have to obtain a mindset that following the rules is pleasurable and breaking the rules is painful.
We have rejected the high of last week twice, so the odds are we are going to trade down to at least last weeks close and gap at 1244 and potentially 1230 area, which is the top of the huge gap and weekly PP. Last year's close is also around 1245 and we tested it overnight last night, but did't test it in RTH yet. the other scenario is to close the gap above at 1275, I think this less likely, but still possible so I need to keep that in mind.
NoDoji, thanks for the comments, what you are saying makes sense. I need to think about this and work on writing more detailed plan of action.