NexusFi: Find Your Edge


Home Menu

 





Waiting until a set up?


Discussion in Psychology and Money Management

Updated
      Top Posters
    1. looks_one Quick Summary with 1 posts (0 thanks)
    2. looks_two Leo123 with 1 posts (0 thanks)
    3. looks_3 Anagami with 1 posts (0 thanks)
    4. looks_4 Rory with 1 posts (1 thanks)
    1. trending_up 1,258 views
    2. thumb_up 1 thanks given
    3. group 3 followers
    1. forum 3 posts
    2. attach_file 0 attachments




 
Search this Thread

Waiting until a set up?

  #1 (permalink)
 Leo123 
Pitea, BD, Sweden
 
Experience: Beginner
Platform: Ninjatrader
Trading: ES
Posts: 34 since Nov 2011
Thanks Given: 1
Thanks Received: 5

Anyone with suggestions, tips and tricks of what to do, how to think, how to focus etc. until entering a set up?

I´m looking at a system, which has good performance, but, not so many trades per day, and this is CL...

thanks

L

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
use extra computer for optimisation
NinjaTrader
Cheap historycal L1 data for stocks
Stocks and ETFs
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
MC PL editor upgrade
MultiCharts
Quantum physics & Trading dynamics
The Elite Circle
 
  #3 (permalink)
Rory
 
Posts: 2,743 since May 2014
Thanks Given: 5,444
Thanks Received: 8,140


Movies or are fine occasionally however it is too easy to get distracted and miss a setup. Remember you are working. If you were an expensive & motivated store security guard, would you be watching a movie?

I find it best to just keep my eyes on the screen(s) and listen to an online audiobook or debate/lecture with no slides.

Develop the patience to simply observe the ebb and flow of price, a little more every day. Neuroplasticity will equip you with unconscious competence in price-action sooner than otherwise.


"Get your stinking fins off me you damn, dirty fish!"

Rory

Reply With Quote
  #4 (permalink)
 
Anagami's Avatar
 Anagami 
Bangkok, Thailand
Legendary Hedge Fund Trader
 
Experience: Master
Trading: ES
Posts: 978 since Dec 2010
Thanks Given: 707
Thanks Received: 2,300


Leo123 View Post
Anyone with suggestions, tips and tricks of what to do, how to think, how to focus etc. until entering a set up?

I´m looking at a system, which has good performance, but, not so many trades per day, and this is CL...

thanks

L

You have several options, depending on your intention.

A. PA watching
B. porn surfing
C. movies
D. meditation
E. market research
F. webinars at futures.io
G. arcade at futures.io
H. music
...and many other choices.

Whatever you do, having at least two screens is an imperative for trading, with min one screen devoted to PA at all times.

You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
Reply With Quote




Last Updated on December 2, 2015


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts