Have you ever traded an instrument that allows you to trade with tiny size? Might be a worthwhile experiment. Trade USO instead of CL for a couple of weeks risking $10-$20 per trade and see if your emotional response remains the same.
You posted this last Thursday (one week ago) Since then you've allowed things to slide - especially today (and if I need to define things say so) You're mental state is all over the radar - and until / unless it rock solid stable - above will continue (letting things slide)...., original loop will also continue What the hell are you going to do to stop RN
Yukoner: I see you wrote about 2 trades today: 1 stopped out, and the other you did not take. So, I am confused about the +157 pnl. Am I reading your post right? Did you take more trades after or before the trade you did not take? Regards, Monoid.
Along with everything else today - this is also bugging me Using wider stops for volatility is not the right way to trade volatility But..., we're not talking trading tactics per se - we're focused on you Make it a topic for future discussion RN
@Redneck it may not sound like it, but this is progress. This is a different type of concentration than I have ever done before in trading... not only am I focused on the market state and trade setups, but I am also even more focused on whether I am correctly executing the process. I can feel those mind muscles building up, but I have to confess, they also feel tired. This isn't wimping out, this is just being aware. One more day to go, and it is the weekend. Having said that, you are awesome with your advice, so please... anything you want to define that I have let slide, I would prefer to read it. I know what I have let slide, but you have this unique way of pointing out things I haven't considered. You ask what am I going to do to stop? I have to LOVE the process of trading correctly more than I do the results of that trading, including whatever the P&L for the day is... Trading correctly has to become more important to me than anything else about trading.
@monoid, I did a total of 9 trades... every one got a check mark. BUT then the trade I didn't take, that was the one that I screwed up on. It really is irrelevant that it was a winner, all though it does rub salt in the wound, but what is important is I identified it as a valid setup and I didn't take it... instead I pulled the order. So yea, I disqualified myself after that.
Yukoner As to detailing out the "things" - let's set that aside for now and simply have a talk (amongst us chickens as it were) ============ I told you at the beginning of your journaling - how I respected your honesty Did then..., do now - nothing has changed Takes a lot of character..., and a hellofa person to come on here and share - all of it Good, bad, ugly, fuckups, emotions, failures, successes You go to the mkt - and get bandied about... bloodied and bruised You come here - open up about it - and get bandied about..., and bruised Its tough..., damn tough..., it hurts..., that way deep down hurt...., it makes you mad..., it makes you frustrated..., it makes you ashamed..., it makes you feel way less than human..., way less than worthy - like shit Please realize - I..., and I would dare say all the traders currently participating in you journal - hurt with you Not that superficial hurt..., but I (we) feel the pain deep down..., because we are reliving the hell you're going through - which is the same we went through..., and in some of our cases - are going through You are making progress You are creating a whole other.., and different human being This shit does take time..., and concerted effort..., and eating a lot of shit You're up against an immovable / unchangeable entity - the mkt You must mold and change yourself to it - as we all have... or as we're working on doing You're doing good Sir We're here - not to beat and bloody you..., but to act as a wall - so when the mkt kicks your ass out - you bounce off us and back into it We can't do it for Ya..., but we can certainly be your sounding board / wall And when we point out the "flaws" please realize we're doing so - because without exception We want you to suceed We want you to not have to go through all the crap we went through ============================= Please consider this a virtual reassuring pat on the back Sir ======================== Tomorrow's a new day Get some good rest tonight And tomorrow..., being that its Friday - let's make it a good day A day we can hang our hat on and carry into / over the weekend Let's simply do our job - 101 style ================= Aside Concentration - yeah trading does require it - a different type..., and a hellofa lot more of it / and on an entirely deeper level There is focus..., then there is trader mindset focus Takes building the mind up for such a task ==================== Keep on Truckin Trade well tomorrow Yukoner - and fuck the results RN
I am shocked and humbled.... certainly not the post I expected. Fuck, @Redneck you got me teared up here... much, much thanks to you and all who are contributing and those who are silently rooting for me.