jasinhbca's quest for discipline, knowledge & profits

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

  1. Redneck

    Redneck

    So..., had a plan..., modified the plan..., then said to hell with it..., and threw the plan out the window




    Price was within your plan - but you had to grab something

    Then..., you were knocked off your game and missed the next trade

    Yet you have the above expectation


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

    Plan each trade..., then follow that plan through to fruition

    No where in the above mantra does it say; J..., by all means fiddle fuck with your plan..., in fact some plans..., mess with..., other plans..., let em ride

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

    We will continue down this path until you decide enough - until then

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

    One could say; well..., price made a volatile move and threw me off

    why we have plans - then follow the damn things
    why we remain objective
    why we know price will be volatile some times - roll with it
    why we are willing to lose to find out




    How so.., seriously


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

    Just some thoughts..., no ass jumping

    RN
     
    #1281     Jan 14, 2015
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  2. Redneck

    Redneck

    Thanks Eddie - I'll quote it tomorrow ;)

    RN
     
    Last edited: Jan 14, 2015
    #1282     Jan 14, 2015
    Eddiemorra and jsmacksem like this.
  3. How so.., seriously

    Wasn't sure if this was a question or rhetorical. My other trades I was very calm and detached. Even had a bite of what I was snacking on while in a trade rather than hovering over mouse. It's a small step towards where I want to get to.

    "See ya" tomorrow RN.

    Thanks.

    jas
     
    #1283     Jan 14, 2015
  4. Redneck

    Redneck

    I get it now

    Celebrate the victories

    Sorry

    But - the plan does trump all - make that so


    RN
     
    #1284     Jan 14, 2015
  5. Redneck

    Redneck


    Just sayin :)

    RN
     
    #1285     Jan 15, 2015
    slugar and jsmacksem like this.
  6. :)
     
    #1286     Jan 15, 2015
  7. +49 ticks

    Yesterday I decided the only time i'll move my target is when I am positive on the day and market conditions justify increasing target. Yesterday I was negative on the day and should have just left my original target. And having said that , I need to be careful I'm not increasing targets often. Base hits and sticking with the plan shows a very nice edge.

    Today CL had already had a big move down when I began my session. It was a volatile day with big swings. The kind of day I've struggled with in the past either from getting stopped out or getting very frustrated from missing moves.

    Today I traded pretty well. Third trade I exited early +9 based on a resistance level not being taken out. I consider it a break of my plan. I should have given it more time. Given the big down day and i was long I'm not going to beat myself up over this one. But i need to be aware of what I'm doing. At that point I was + 37.

    I did a good job recognizing chop and waited for what looked like a triangle break. It turned into a range and I ended up with 3 losses. I noticed some frustration and had the thought of "I should have stopped when I was + 37". Somehow I was able to quickly let the frustration go and re-focus. Soon i saw another set up. This was a clear break of the range which had the potential to test LOD if it could clear some support. As it held support the thoughts of exiting for +15 or so came up. I stayed calm and held. This was also a chance to increase target if it did begin to break. Exited +47 and got filled as I was trying to increase target even more. Price did run another 40 ticks.

    Overall I think I managed my emotions well and mostly kept them out of the session.
     
    #1287     Jan 15, 2015
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  8. jsmacksem

    jsmacksem

    Good job jas. Like how you stayed with it......refocused when you found yourself a bit "foggy". AWARENESS

    -js
     
    #1288     Jan 15, 2015
  9. Thanks JS.

    Awareness and re-focus. Maybe all this practice is paying off.

    jas
     
    #1289     Jan 15, 2015
    jsmacksem likes this.
  10. Redneck

    Redneck

    Okay - have a plan going forward

    Eddie posts the mantra

    I post - just sayin

    J does his job..., and no longer fiddle farts with the plans

    By golly we'll get this figured out yet

    What ever it takes..., by any means necessary

    ;)
    =====================


    Good Job J - seriously :)

    RN
     
    #1290     Jan 15, 2015
    jas_in_hbca likes this.