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It's interesting to hear your comments about crude and the indexes. I have moved to YM, and my trades are based on ES reactions to S/R levels, along with VWAPs and OHLC areas. Crude just doesn't have the movement it used to, and the indexes are still on fire. Also, like you, I have moved away from FIO, though I still stop in from time to time. Good to see you back, and good to see someone I respect making a similar decision about trading instruments. Good fortune, my friend!
Hi. Thanks for your message. I hope everything is going great with you. I figured that someone such as yourself, who I always felt had great instincts and pattern recognition abilities, would see that Crude has changed from the way it once moved.
I have enjoyed reading your posts and seeing your trading techniques over the years. I think you have been a positive influence on many people here. I appreciate your comments.
Thanks for the video, great pointer about managing the stop wisely. In fact today I've been trying to reap back the profits i had during early into the day. Should've called it a day then. Compared to my last few days, today I have been an intense scalper today. Need to bring back some composure now, and wait for one or two good entries for the remaining of the trading day.
I hear you..Same thing happened to me yesterday. It goes back to that dilemma that you mentioned in your journal..about when to stop for the day. It's always hard to figure that out.
I'm getting to the point that if I start feeling discomposed or unsure, I should really be looking to call it a day. Especially if there's a profit on the line
Do you have a workable system that achieves consistent profits on SIM? But then when you go live , you have poor results..or sometimes.. total disasters. That was my experience for many years. This video explains in detail the strategies I used to overcome this issue. This info is definitely the most important thing that helped me finally break out of the pattern of constant failure.
Thanks for this video Lance. Breathing is very important and when its equally paced, you enable yourself to be at best physiologically, providing you with a better cognitive attention
Here is a two part tedx talk for those who are interested more into this. Part one goes into explanation as to how your breathing and emotions impact your cognitive abilities. Dr. Alan Watkins was a prominent neuroscientist and coming from a neuroscience education myself. We often went deeper into the more research parts of his work in our courses.
Anyhow, part 2 of this talk goes more in detail about how to calm your mind to allow you to be 'brilliant' every day.
I've shared it somewhere sometime back, but will link it once again for any readers on this thread.