jasinhbca's quest for discipline, knowledge & profits

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

  1. jsmacksem

    jsmacksem

    Good job jas!
     
    #1211     Jan 6, 2015
  2. Redneck

    Redneck

    Please take what I say - not as criticism..., rather objective feedback - and things to think through


    This is a major milestone


    Why didn't you (and not meant to be flippant - is a serious question)

    Let's explore further


    Not only the trades

    Why weren't you in sync with the mkt

    What clues were you not picking up on / trading



    You say you felt this



    Yet this is how you traded

    Only 1 trade went to your full target..., or was allowed to??

    Seems you were picking up on the clues and trading them??


    So you were picking up on the clues the mkt was sending

    But not acting on (adjusting to) them possibly??



    Keeping losses small is a must.., and a major step - you kept em small

    Good Job J

    RN
     
    #1212     Jan 6, 2015
    dartmus likes this.
  3. Thanks.

    Did a little review. I fucked up. I increased a target based on a consolidation during the trade . So got + 6 instead of 25 and am embarrassed to say i re-entered the trade and did same thing and got +10 instead of 25.

    And that's why we review trades and that's why we maintain consistency. I remember moving the target on one but not the other.

    That explains a lot now doesn't it.

    I apologize RN. My lack of discipline impacted you and wasted your time. I am very sorry. Won't happen again. And i owe you beer or three.
     
    #1213     Jan 6, 2015
  4. Redneck

    Redneck

    You Betcha Sir ;)


    And why we create a plan for every trade





    No need - we're all dumbasses here :cool:




    No Sir.., but it sure as hell impacted your PnL today





    Beer me baby!!!

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


    Tomorrow is a new day..., and most importantly - you lived today..., to fight again tomorrow :)


    Good Job

    RN
     
    #1214     Jan 6, 2015
  5. beer.png

    Until we meet...Cheers !
     
    #1215     Jan 6, 2015
    Redneck and jsmacksem like this.
  6. Redneck

    Redneck

    J,

    Once again


    Today - just another new day

    We remain the same..., we follow our routine..., we do our job

    (and we don't second guess signals)

    Trade well today Sir - and to hell with the results

    RN
     
    #1216     Jan 7, 2015
  7. Redneck

    Redneck

    ditto

    RN
     
    #1217     Jan 7, 2015
    jas_in_hbca likes this.
  8. +29 ticks.

    Had some distractions that threw me off a little but reviewing the trades now I did a great job staying out of the post inventory report chop.

    1st trade had quick MFE 16 then as quick was only +2. I stayed calm and noticed I was disappointed that I might be getting a small loss instead of the moments ago profit. Stop was tightened, I waited , pullback was normal and then target hit.

    2nd trade not really any thought. That's a set up. take it. Exit on a stall at a res area.

    3rd again no hesitation but a loss. Stayed calm didn't feel any need to re-enter to 'win it back'

    last trade stalled a bit after entry. I did a good job observing price and didn't feel that old impulse to get out +- BE then look for a re-entry. Based on my stats, which I now will ignore until I collect more on this setup, this entry often runs 30- 70 ticks. So I increased my target from 25 to 30. MFE 25 I exit +9. (This move never went past that +25) After that I think I lost my focus and pretty much called it a day. There was the mixed feeling of I should have kept my target and also the 'I planned the trade and oh, well.' Incidentally after it hit MFE 25 I noticed it was a possible Elliot 5th wave = to wave 1. After seeing that I kinda suspected the move was done. Sometimes the waves jump out at you.

    I'm trading with a bit more ease. Patience is good, not hesitating often and mostly maintaining a pretty indifferent attitude while in the trade.

    My inner critic is saying I should have traded more and stayed focused as there were more trades to take. Yes, in hindsight you're right. In the moment I did well. We'll talk later..
     
    #1218     Jan 7, 2015
    dartmus likes this.
  9. Redneck

    Redneck

    Our inner critic

    We screw up - he jumps our ass..., tells us how pathetic we are

    We do good - he tells us we could have done better

    vs.

    Our inner supporter

    We screw up - he tells us to forgive our self..., fix it..., move on..., do better..., we'll be okay

    We do good - he tells us good job!!! congratulations!!!! do it again!!!!

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

    Both cannot coexist in the same inner space

    Best we chose wisely..., the one we hang out with


    RN
     
    #1219     Jan 7, 2015
  10. Redneck

    Redneck

    J

    To me - it looks like your trading was a bit of mixed bag

    But - You got through it :)

    Good job Sir

    RN
     
    #1220     Jan 7, 2015