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Thank you for the videos. They are helpful. Are all the NFT videos on youtube removed? I remember that Horst posted a video each day starting January along with other ppl but I cannot find the latest videos anymore.
Wow, well, not the best reading of the market direction. It seems the market is 'breaking' much later in the morning and it is leaving me with very little profit. There was enough early on to establish enough profit, but I was trading the opposite direction.
I thought either long to the 76 retracement then short, OR short due to EMD also looking short, but it found some strength so I figured long.
I was reading the weakness well today, but I didn't read the main short properly as it missed two targets by a couple ticks. Next time!
Ok, wow, what a day! Moved my family 2K+ miles over the ocean, on about 4 hours sleep and exhausted! Excuses excuses!
Honestly, the market was saying up, I ignored it due to how I interpreted the indicators and instead of doing smart counter-trend trading, I just gift, gift, gift just like the old days!
Days like today are just dangerous in my opinion unless you pick the right side. The fact that I got knocked out two times ON THE TICK also was just an example of how much one tick can make. Of course, I don't notice the trades where I stay in by the tick. haha...
Internet is really slow here (DSL) so I need to upgrade soon.
bluemele, best advice I have for you is to simplify. Only take three trades a day for the next week. Three trades, periods, no more no matter what. If you take four trades, then you have no self control and cannot succeed as a trader.
Limiting it to three (or two even) trades a day will force you to pay close attention to what you are doing. What you want to focus on here is whether or not, at the end of those trades, you have executed on your rules properly. If not, then there is absolutely no reason to trade more than 2-3 times a day until you can correct that behavior. Then you can go on from there.
However, I was not trading for the big points. I believe that good trading would bring me to about 425 ticks per contract, so I am roughly 1/3 of the way there.
Wow, what an interesting 2 days. I am back to my old very bad habits of in-in-in no matter what the indicators say or even an area. (These last 2 days are atypical!)
The days have been very bullish and I have short on the brain. I can see the difference since moving from my old home and I think this is a perfect example of when you change ANYTHING that you should not go live until you are back in the zone. I am SIM, but I do trade it like LIVE.
Per Mike's instructions I did consider limiting my trades and it would have been brilliant, but I got off to a 'loopy' start. I think the interesting thing is how I ignored the mid-long term indi's and just kept going in. I even told myself those don't look good but still....
I think that LONG may be the only trades available in the morning!
Something needs worked out and it is strictly emotional I believe at this point.
I think I needed today to re-affirm what I am doing etc...