jasinhbca's quest for discipline, knowledge & profits

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

  1. Redneck

    Redneck

    J

    Been thinking the last couple of days – and what I’m about to say will probably rub you the wrong way – but it needs said


    Yesterday…, I pretty much blew off you chasing trade’s 3 & 4 – because they were “within in the bigger TF”

    I was wrong




    You are going to have to learn to let go – completely

    Kind of letting go…, is like.., kind of like being pregnant – it don’t work

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

    Letting go is synonymous with being detached

    Missed trades – no big deal – let it go

    Winning / losing trades / PnL / trading your PnL– no big deal – let it all go

    Discipline – as crazy as it sounds – let it go…, THEN…, why on earth not have the patience…, to repeatedly do – exactly what makes you money

    Lack of discipline – at least in part – is us holding on so tight – we must fiddle fuck with it….

    Let it go


    Traders who hold on..., are the very one's held back

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


    Maybe you agree…, maybe you don’t – but at least I said it

    Letting go is necessary - very uncomfortable at first..., maybe even for awhile - but it necessary nonetheless


    Your call as always Sir

    RN
     
    #951     Oct 28, 2014
  2. I get what you're saying and agree. I actually feel that I'm trading with more detachment than I ever have. It's not entirely reflected in my results but trust me I feel a difference. I have room for plenty of improvement and it's my main focus each day. Discipline and "I am not my system". Just be the observer and take the trades, manage and move on.
     
    #952     Oct 29, 2014
  3. Redneck

    Redneck

    :)

    ==========

    About 10 min things should liven up a bit - maybe

    RN
     
    #953     Oct 29, 2014
  4. Yep, Expecting more volatility than I'd like. But who knows. Been a lot of sitting on hands this a.m.
     
    #954     Oct 29, 2014
  5. Took me a couple trades to figure it was a wide range in the a.m. Not conducive to my set ups. Didn't trade after FOMC, too volatile.

    -2.50 pts Good patience. Good discipline.
     
    #955     Oct 29, 2014
  6. Redneck

    Redneck



    That is exactly what it takes... rest will come

    Great Job Sir!!!

    RN
     
    #956     Oct 29, 2014
  7. Thanks, RN !
     
    #957     Oct 29, 2014
  8. slugar

    slugar

    good job j
     
    #958     Oct 29, 2014
  9. I've lost my edge for the day. My entries were disciplined and correct. My exits not so much. My last two trades I exited early ( a loss and small win) and decided I better call it a day.

    I did a very good job taking trades which has been a weakness but I'm still emotionally tied to the outcome. At least on most trades. I'll keep working on letting go and being detached from the trade. Just being aware of that does seem to help.

    I did have some 'step off the ledge entries' so I think that's an improvement.

    Missed a nice move around 10:15;making a smoothie.

    +7.50 today
     
    #959     Oct 30, 2014
    slugar likes this.
  10. Redneck

    Redneck

    Good Job

    Seriously - you identified when it time to step aside.., and you did

    :)


    Mkt ain't goin away any time soon..., and tomorrow is a new day

    Get some rest..., and reset

    RN
     
    #960     Oct 30, 2014