Anytime when you are bored, feel free to write this kind of stuff in your mind in this journal! "This kind of stuff" is more educational than any books new trader read. I think any new traders who is reading this journal will agree! I will try to post some of my thoughts/statement in my diary too. You can probably point out which one is opinion, which one is pure techincal statement I can keep using. Thank you very much, Nodoji! I really wish I can be "the NoDoji #2". even become 1/2 Nodoji will make me a very happy trader!
I think SIFUs are just being very encouraging and nice to me! I often think trading is no easy task but it shouldn't be that difficult. It should be simple. But it's me that making things all complex, all over the places... I ain't coming back to LIVE trading untill I have a clear sounding methodology proven to work and started to feel trading is "simple".
so true, no wonder I am not the best math student in college. I use 24 hour chart for the first hout, then I switch to day session. Because I like to fit at least 2 -3 days range in my chart. Should I be only trading off 24 hour chart?
LOL, I am glad I made your day! My stupidity does sounds funny! I got to fix this "all over the place, try to be all" behavior. I am using so many tools. And try so hard to combine them all. nothing wrong with using all the incators as long as it worked for the trade. But right now its like I am trying to force them to work together without knowing each of them's charactors and abilities. So I am now go back to study PA first. I still strongly believe "overated" PA is No.1. And I only know probably 20% of what they really are! Then the PH and VWAP will be some supporting tools to help me trade. But I have to understand how they set up first. So SIM will help me eventually. For chart set up. Let me keep EMA and VWAP for now. All the S/R are also neccessary since it's part of PA.
Excuse me for saying it this way, but you seem like you do have a sense of humor about yourself. I been skimming over some of your journal, getting a real chuckle. Me thinks you are looking at the impossible/improbable and not concentrating on the possible/probable. Is it your usual modus operandi to make things as hard as possible?
Over thinking, over analyze, try to be perfect, focus too much on details is always my problem. I wasted lot of time doing all these so I lose sight when sometimes the answer is right in front of my face. Example will be: when I was an art student, I paint. Figure skeptch. I will spend hours to draw all the details of the hairs, eyes. then when all the parts are done. the whole picture doesn look consistent and beautifully balanced. So I had to fine tune them to look all beautiful. It's to the point that I really enjoy the process since I love to paint so much. Whereas, one of my classmates, his skill is no better than me, but he focus on bigger picture, the whole balance first, then get to details. And he does not go too much details. he spend only half of time I spent. But his work isn't bad either! In fashion school, when we are required to create a collection. My idea flies again. I had so many crazy ideas, so many crazy details on each garment. Then the teacher just said: well, i love them all, but it;s not a collection, i see no consistency. Then I had to go "dump dump dump" a lot of my hardworking detailings which was so heartbroken! Now trading makes me think its just a reflection of personality. The weakness and strength. But now I don't know how to fix them... And I have a motto that "stay simple". easy to say, hard to do...
Excuse me for saying that either. Please don't get offended for my shallowness and poor english BSAM= BS I am?