oh oh, my dear jasinhbca, didnt learn what i ve told you. you are saying, u having lots of oppurtunities, BUT, wtf do you do then. it seems u have no discipline to wait for your best setups. do u have any profitable setups anyway ? if yes, then only trade them. u just want to trade dosnt matter if u make money or loose it, huh ? better get an xbox for u need of pulling the trigger.... i could tell u this a thousand more times, maybe once you get it. ONLY TRADE THE BEST SETUPS and KEEP URSELF AWAY from the other bullshit..... i thought u have very good setups, while reading ur posts. WHY do u dont trade them. for what do you have a plan if u dont use it. if u dont learn to be disciplined sweety u are just a gambler and ur finally destiny is getting broke... think about it, whish u the best cheers:eek: :eek: :eek:
I feel for you... I am where you are less often than before.. A couple of times I would trade crap, kill my account.. THEN the juicy setups come and I thinking... WHAT is WRONG with me??? Unfortunately only PAIN teaches here and it takes different levels of pain for different people. You are in potentially the best business in existence, you have "figured" it out... BUT!!!?? Problem is when your impatience leads you to see poor setups as good setups... You know to do THIS but you keep doing THAT because your mind constantly clouds what is this and what is that. Remember, the good setups STAND OUT... To not make points in this volatility is excruciating.. Hang in there..
Can't argue with what your saying. Guess i'm a slower learner but starting to be able to tell good set ups from poor set ups. thanks for calling it like you see it and thanks for this "i thought u have very good setups, while reading ur posts. WHY do u dont trade them" it helps. Enjoy the weekend !
Thanks Rashid. Every bit of encouragement helps at his point. appreciate your thoughts and advice. You've descibed the learning process well. Seems the good set ups do stand out but they can also be the scary ones to trade. I'm learning to deal with it. Cheers !
hi, if you now your perfect setups, than there are no other ones, there are no poor setups in a traders arsenal. only setups and they super hyper mega extrem super duper hardcore PERFECT in every fucking aspect of the trade.....allright, check this out. make you rules and analyze on historical data how often you get this setups a day on your products, so you can calculate the average of the appearing of your trade oppurtunietes, then you know what you can espect, and you can build a realistic trade plan on this...... Learning is a matter of repeat it over and over again until you got it into your head, once you got it you start with a new thing to learn..........thats the proccess.......... ------------------- [/B][/QUOTE] Enjoy the weekend ! [/B][/QUOTE] Thank you very much. Whis you too. ----------------- [/B][/QUOTE] thanks for calling it like you see it [/B][/QUOTE] You are welcom....
+3.5 pts today on 5 trades here's a chart w/ first 3 trades i think they're good set ups. great ? not sure. I have a small stack of charts with examples of set ups that i print up as i see them repeat from day to day. I need to review them more often. I review before the trading day but i think i should study before bed as well. i'm also developing traders paranoia and not sure if i will keep posting my set ups. Which of course is really hilarious 'cause who cares about a barely break even traders charts. We'll see. i like the feedback on the trades and i did hope to provide some insights to traders in my same position. not sure if i'm doing that and actually doesn't look like too many people are viewing them so probably doesn't matter either way. have a great weekend traders !
Everything i held to let run came back for a small gain or loss. Everything i should have held i exited too soon. I've been working on my entries and that paid off today now i need to really focus on exits. Lack of plan ? Bad price read ? Mental issue ? Probably a bit of each. This has been my problem for awhile. Watching higher time frame more could help. Other mistake was quitting early. Didn't trade last hour. Didn't want to chase after my early short exit but there were some good setups i could have taken. 3 minute chart. 1st trade not shown oh yesterday was a tilt day -10. i'm not even going there.
here's the trade PnL for the day. 62 % profitable . A dream day for me. And yet...after commish BE. Today's PA was really a text book day for entry set ups.
Fear in that chart.. What is the function of the moving average..? Can you hold for more than 3 minutes...? THAT IS THE HOLY GRAIL... Price needs time to move..
I knew the holy grail had to do with numerology. So MORE than 3 minutes . Got it ! Yep, look scared. I need to relax. I've got the opposite of confirmation bias. i see everything as a sign the trade is not working. thanks