jasinhbca's quest for discipline, knowledge & profits

Discussion in 'Journals' started by jas_in_hbca, Nov 16, 2010.

  1. Redneck

    Redneck

    Amen

    Get some good rest tonight and clear the ole head


    Tomorrow..., is simply another new day

    RN
     
    #1061     Dec 7, 2014
  2. Redneck

    Redneck

    Lookin to hear good things out of today J

    And nothing about the PnL


    RN
     
    #1062     Dec 8, 2014
  3. Close your eyes for a sec, RN.


    +10 today.


    OK open 'em.


    I did really well today ! Objective was to take valid trades, avoid micro managing stop and target and stay calm. I did that.

    The first 2 trades were stopped out. No frustration even though loss on first was bigger than I like (-12) and I did want to manually close sooner. Third trade I closed before stop when I saw an entry in opposite direction which I took. That trade went full to target.

    I won't go through all the trades. I wasn't perfect today.There was one that was mismanaged and 1 that should not have been taken.

    One long trade I exited before target at failure to break resistance area then saw that it formed a PB entry at support and I took that long a minute later. I usually have a hard time getting right back in after a win (fear of giving up profits) so that was a victory for me. And trade worked out also but not full target.

    12 trades today which I don't consider overtrading.

    The big mistake I made was losing focus and stopping trading. I'll rephrase that I should have taken a real break and regained my focus so I could trade last hour. Instead I kinda just half watched and missed a couple easy trades. I should know last hour usually has good opportunities so prepare for it.

    Overall I think I did pretty well.
     
    #1063     Dec 8, 2014
    dartmus likes this.
  4. Redneck

    Redneck

    Door #1



    Door #2


    Make up your damn mind already :D

    I choose door#1

    Good Job




    Alright smart ass - I suppose you're due


    But at some point the PnL needs to become immaterial


    Do your job - the PnL will happen


    ====================

    Again - Good Job Sir

    =================


    Tomorrow - just another new day

    Rest.., clear the head.., let's repeat

    RN
     
    #1064     Dec 8, 2014
  5. jsmacksem

    jsmacksem

    Awesome job jas!
     
    #1065     Dec 8, 2014
  6. Thanks JS.

    =============

    I get how being consistent can lead to 'flow'. I was tested today and made some mistakes. This then leads to a decrease in confidence and some confusion/hesitancy. I think my exits can be improved but I shouldn't try doing it during the session. I was trading more like the old me and not the trader I want to be.

    Having said that I did more right than wrong. First trade long I was bit hesitant but it was a clear set up so took that to target. 10 minutes later another long I wanted to pass on because of possible resistance. Took that and it went +23 then quickly retraced to +5. Thought about exiting for +10 when I had brief chance then resigned myself to a possible BE +1. PB ended and it went to target.

    Third trade again didn't want to take and had I used a larger stop I would have got close to BE but instead got stopped out.

    Couple more positives and negatives of the same nature and I decided to call it a day to preserve some mental capital.

    What I'm seeing is my discipline is improving but it's not the 'cold turkey' sudden switch to great discipline that I mentioned previously. It's a gradual improvement but I think it can improve quite quickly. The things I'm doing right are giving me more confidence to try to do everything right. What I'm doing wrong I can see how beneficial doing it correctly will be. I see little things that I did intuitively that i can build into my exit rules so that it better fits my personality and results in better results. Gotta test /track these ideas.

    The rats were taking the entries today (all valid) and I messed up a couple exits. I can do better but I really like my progress.

    (Stop reading RN)




    ============
    6 trades +20
     
    #1066     Dec 9, 2014
    jsmacksem likes this.
  7. Redneck

    Redneck


    You've stepped off the cliff - and now being supported by that invisible bridge we talked of (your own self reliance.., self trust..., consistently following the routine)

    Amazing how this shit works - isn't it :)

    Makes my heart smile


    RN
     
    #1067     Dec 9, 2014
    note and jsmacksem like this.
  8. I've had some very good people helping me. :D
     
    #1068     Dec 9, 2014
  9. Redneck

    Redneck

    Well shit - that leaves me out


    Okay

    We can't rest / dwell on what we've done..., must rely only on what we do




    Tomorrow - just another new day

    Get some rest..., clear the head..., let's repeat


    Good Job Today

    :)

    RN
     
    #1069     Dec 9, 2014
    slugar likes this.
  10. jsmacksem

    jsmacksem

    Good preserving mental capital. I never knew it was that important until RN pointed it out. Good stuff.
     
    #1070     Dec 9, 2014