Spydertrader's Jack Hershey Futures Trading Journal

This is encouraging.

I agree with other posters.

Go back to the start.

Stop trading. Stick to the basics.

Draw channels (1-2-3) and annotate guassians on historical graphs.

POST annotated charts so everyone can help.

Don't run before you walk.

Have faith - just the BASICS can yield good profit.


As an aside - on losing days (mentioned above) were losses left to run. Or were they cut short?

If left to run, may I suggest - cut them short.

 

1. The above is not the correct mindset for someone learning anything new, let alone learning to trade.

2. Take a week off, flush your brain, and re-read that which you currently fail to comprehend.

3. "Look at something from a different Point of View" means: If your current thought on what was meant isn't working, try another interpretation.

4. If you cannot do #3 above, then you must take a break. It's life telling you to chill.

5. You aren't detrimental to my purposes, but failing to heed good advice may cause you to be detrimental to your own.

6. As far as mental filters go, you put them in place - you can take them out.

7. Relax

Hope the above either helps or motivates you to realize you are holding on waaaaay to tight right now.

- Spydertrader

 

I suspect several Hershey fans (myself included) don't trade full blown SCT.

We've taken the basics from it, adapted it to our own style, and ran with it.

Nothing wrong with that.

Some of us don't feel comfortable flying a F-18 at Mach 2 when theres a perfectly good Honda 4 cylinder primed for highway driving.

Know what I mean?

 

My suggestion.

Start posting your charts with annotations. I don't remember you did this on a regular basis (others including myself did).

That's where it all starts.

regards,
Ivo

 

Your consciousness needs vacation.
Subconsciousness will take care of the stuff.

 

Please feel free to make comments.

 

A true path does not pass over, through, or around.
REsistance will cause a path to take those directions.

A true path is in complete harmony with it's surroundings.

 

This is my chart so far ....there was some nice 1,2,3's for level one traders like my self.......

 

I don't ....I am still studying the method

 

I recommend drawing in carryover channels from the day before. They help you know 'the right side' of the market - early in the morning - when you may not have your orientation set in stone (especially when we have a gap).

- Spydertrader