The CL/NQ experiment

Starting nest week I will post my equity chart only once a week, on Friday.
This will allow me to concentrate on execution of trades and not on the financial outcome.
Back above water .

 

12-Step Programs are not affiliated with any religion. A "Higher Power" (which many call "God" for ease of use) can be anything at all that you find more powerful than yourself. Clearly, the market qualifies as such.

The best trading psych books are already written - Mark Douglas

The best price action trading books are also already written - Brooks, Volman, Schwager, Suri, to name a few

 

One’s default way of thinking / acting / reacting / even acting out

It’s what one does without thinking… and what one reverts to in times of trouble / stress (especially stress)

Some fight… some flee

Furthermore

Some embrace reality... even if it hurts (emotionally)… while some make up shit to avoid similar pain


RN

 

Thanks RN.
Do we have any idea what causes the initial default state?

Gabe

 

2 trades 2day.
Entry and 1st exit were ok.
Could have waited with the remainder exits.

 

Upbringing (how one is raised) and environment

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

One's subconscious can be changed (akin to reprogrammed) I know

But it ain't easy... it takes time... changes are gradual... and the process is fraught with a hellofa lot of backtracking (at times too damn much imo)

But; it is what it is (or was)


RN

 

As I wrote in a previous post, I will stop posting the daily cumulative equity chart and post only the trades.

I am aware of that but.....

My stats should take care of that.

So far it works for me and I am not trying to prove anything. Just follow my plan.

Agree 100%

Gabe

 

Why was the first exit OK?

Why did you give the second trade (entered at a worst price than the first) so much more wiggle room?

Basically, I'm wondering how the rules of your plan explain the tight stop on the first trade and the wide stop on the 2nd trade.

 

I was asking myself the exact same question when I saw that chart. Also (to me) it looked like a sell right into a possible support zone. Especially when price bounced back in a sort of pinbar-ish way. (But I must say that I'm not very familiar with CL trading - btw, no criticism intended, just an observation)

Tobo

 

It hit my 1st target.

It was within my Stop Loss parameters.

I used a technical stop in the 1st trade and a numerical stop on the 2nd trade.
I have to think about this.

Gabe