jasinhbca's quest for discipline, knowledge & profits

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

  1. Redneck

    Redneck

    Try this again


    Time to get our head cleared and centered...., the charts updated...., some good rest tonight

    Tomorrow.., its back to the grindstone...., and all about the routine


    RN
     
    #1301     Jan 19, 2015
  2. I will be ready and looking forward to it.
     
    #1302     Jan 19, 2015
    jsmacksem and slugar like this.
  3. Redneck

    Redneck

    Another new Day

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

    We are not smart enough to second guess / out think the mkt

    We don't second guess signals..., or each plan

    We observer / monitor ourself

    Trade well - and to hell with the results

    RN
     
    #1303     Jan 20, 2015
    dafeeder and slugar like this.
  4. You know... if one just has some patience, knows their set ups and the variations they can take, this game gets a little easier.

    Now taking a break to check my ego.
     
    #1304     Jan 20, 2015
    jsmacksem and KDASFTG like this.
  5. Pretty narrow choppy range today. I got lucky and was able to catch a couple of the moves early. After that I would consider the set ups lower quality, S/R ranges near by, so I wasn't looking too hard for entries.

    +41 ticks

    first trade failed to move past a minor resistance so exited quickly - 7

    second trade. lowered target based on resistance +23

    third trade had thoughts of exiting sooner but stayed calm and it went to target +25. I'm getting better at doing this (holding) which used to be a big problem for me.

    I want to push myself to take more trades after getting positive and had that thought in mind after those first 3 trades. But I was also aware conditions were not great so stayed patient and ended not taking any more.

    Pretty uneventful day. Boring is good.
     
    #1305     Jan 20, 2015
  6. jsmacksem

    jsmacksem

    Yay JAS. Good job today. You wanted to "push" yourself to take more? What do you mean?
     
    #1306     Jan 20, 2015
    KDASFTG likes this.
  7. Thanks JS.

    There are times i'll get up maybe 15-20 ticks or back in NQ days + 5 -8 pts then I start thinking; 'this is a good profit for the day and if I take another trade and lose then I'll only have a small profit. ' So then I get real cautious and don't take any more trades even though valid trades occur and I could have made 3x as much.

    On the days the market is moving and providing strong valid set ups I need to take them and seize the opportunity.

    It boils down to me trading the pnl, fear of losing open profits and not taking all valid set ups. I'm aware I do this so need to push myself past the discomfort and keep trading when the trades are there.
     
    #1307     Jan 20, 2015
    Redneck likes this.
  8. jsmacksem

    jsmacksem

    I understand. It's very tough continuing to trade all valid set-ups. I feel the same way after a nice winner, but daily objective not met.

    Then you need to take your edges. And we have to really learn objectivity/neutrality here. Not to mention trust. :)

    Oh the journey.

    Thnx jas,
    Js
     
    #1308     Jan 20, 2015
  9. Redneck

    Redneck

    Ain't that the ever lovin truth

    Go figure

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


    Good Job Today J

    And the reward - get to do it all over again tomorrow :cool:

    RN
     
    #1309     Jan 20, 2015
    jas_in_hbca and slugar like this.
  10. slugar

    slugar

    good job jas. keep pushing forward
     
    #1310     Jan 20, 2015
    jas_in_hbca likes this.