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Honestly I'd rather see a sim chart with executions than a marked up chart with no executions. Are chart markers even sim traders to begin with, let alone cash?
R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
yesterday I demonstrated how easy it is in NT to click the executions tab, obscure part of the acct number and post the trades. I added a chart for visual aide but the chart does not have any notations on it or explainations as to the reasoning or thought process. VERY simple! Further there is that way through indie I believe to have every trade with chart posted to a designated thread automatically, yet NOBODY does with regularity what I exampled yesterday, WHY? Answer that ,why? and you will have the answer...again VERY simple.
Anyone that trades understands that manual post of real time trades is way too cumbersome to engage in while trading, especially if you make comments about the trade.
It is that easy. I did not get to post comments or show ALL background, but it took about 30 seconds to post actual live trade results with a single visual aide chart. This post gained not a single comment or question.
So I happened by the board of trade this morning and ran into a mentor with whom I lost contact in recent years. A brilliant man, a legendary trader, truly a wonder. In his mid 70's now, he was on a field trip with "at risk" high school kids …
Many of the BS 'ers might not even be SIM trading...rather just creating a cherry picked chart...lol
Why not use the technology to put every SIM or live execution with a chart into a designated thread? For those who lack the knowledge to do that, why not post them like I did and add commentary where helpful?
So you where stopped out on the first trade. Maybe if you look at your losers you can learn from them! In this case you used a too tight stop loss.
I have come to this conclusion myself by analyzing all my trades and I run market replay every weekend …
about the fact that it is so important too show the losers instead of the winners and whit this post I gained a place on the starters ignore list.
They now talk about tight stops but I have asked in the past about the stop loss and the answer that I got in that time was use a big stop loss 40 ticks for example and a mental stop blablabla....
So now the fashion is tight stops!
I bet if they turn on plot executions on you will see a totally different picture. If you are trying to pick tops and bottoms you will get allot of stop outs.
Rule number one for keeping a journal would be:
Plot executions ON otherwise thread closed!
I have made an example too on my ´´stopped journal´´ because no body is interested in traders that are struggling or posting real trades with proof of executions. I made one post for those that are only interested in entertainment, by this I mean just showing the winners and one post with all the trades and the benefit of analyzing the losers.
Iam a full time day trader with the need of a daily trading coach. I have decided that I will tray to be my own trading coach after reading The Daily Trading Coach from Brett Steenbarger. Iam trading for almost 5 years now, markets are 6E, GC …
but I for one simpley do not want my view clogged up with unnecessary visual distractions. Cant the tabular form, i.e. the executions list serve that puropse? It does not cloud the view and it provides to the second and tick exact trade detail.
Further, if I wanted to share with you my rational, method rules or discretion, isn't that well served by starting with a blank chart and progressing through a hierarchical series or a confluence of visual ques?