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Yes, I don't know why Horst is doing that?? Strange on the change and I forgot to ask him.
I think it is good to build that confidence, but the challenge is building 'bad habits'. My wife did the same for 6 months and if you ask her, it was a waste of time.
I think something we all go through no matter what anyone tells us. Our fragile EGO's need to congratulate ourselves with the positive days. I know that is how I still behave.
Missed two mid band pushes, then a nice foot forming on 610. Felt like a running back who fumbled the ball...three times! Then I said to myself, "Relax." I looked at the indicators, price action, waited, placed a short, and turned away to handle email. Result, 3.6 tick run.
Thanks for the comments. Good food for thought. Can one skip going through a stage? Then there is Pro Trader Ed, a scalper. I studied with him for a while. You watch him trade live in his trade room.
1. Pro-trader Ed obviously doesn't make enough money just trading. Anyone can have that confidence IF you have 300.00 per person coming into your pocket monthly.
2. Scalping is definitely a way to trade if that suits your heart, but to me, it will never bring you real money. For me, I am not doing this to 'get by'. I can do that already, I am here to trade and make real $'s. What is real? 1M per month is REAL to me.
3. The whole vendor thing is such a turn off at this point.
4. Can you skip through a stage? Good question. I don't think so personally, but you sure can keep from repeating them and make them shorter! haha...
Just like adulthood, some may never reach it (my brother) but others will get there early. Can you skip puberty?
Watching my thinking on recent days, I noticed a pattern. First, I had enthusiasm at the opens. Like a kid in a candy shop, I wanted to grab everything that looked the least bit tasty. Then, after a few stop losses, I realized I need to be like a dealer of diamonds. Study the markets carefully, find out what your customers want, and trade accordingly and carefully. Now, I want to be the diamond dealer at the opening.
One thing to fix the open excitement is to literally sit on your hands for the first 15 minutes. It was recommended by Danielle to me a while back and I think it works if you have that self control.
Placed a short at 8:33 Central Time. Chickened out on pullback. Got 2 ticks. Then trade proceeded down...and it's still going down hours later! Oh, please supersize my order for trade management skills.
The whole gang of TF traders was likely waiting as price reached the deep retracement at 8:40 Central Time. I placed shorts. 987, however, was still on the rail up.
Trade 3 was a long while still in the deeps. 610 and 987 were on the rail up. It went 1 point then gave a two bar reversal...twice! Another stop out. I'll take one order of trade management, hold the fries.
I feel hopeful each morning...hope springing eternal. I feel I need to sprinkle some wisdom on that.
Happy to get a point on a day before a major holiday. Sad I exited while in a long trend. Hit my preset target. Should have moved it down. Dealt with feeling I was left out.