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I have accepted regardless of how careful i am , i will from time to time break RULES, get over excited. Breaking the rule is not on a whim. There are some set ups which calls for pushing the boundaries. Problem can get out of hand if
while pushing the boundaries one is not careful with position size.
An example is short GC at ORL with size. I did not wanted to wait. However, going in in sub consious i knew i am pushing it and had a plan in mind.
Can you help answer these questions from other members on NexusFi?
We all have different rituals/habits to get back in the grove. Deep breating, taking a walk for 5-10 minutes, smell the roses, listen to music etc..
Cl is trading in a box since yesterday afternoon. As usal shorts and longs with long hold time paid off. TF, market internals were strong right at the open but TF stuck in a 8 points range, so shorts and longs for 6 points.
In the video it's one trader perspective. Time it takes to become profitable can vary. For some it's 2 years, for some 4 years etc. but it's a LONG journey.
Every trader i have ever talked to can call the direction of a move/trend but can not execute due to
1) Tight stop loss.
2) Inability to hold. It takes hours and hours to get 100- 200 ticks on a day.
Try to keep in mind that for example today when CL moved from 99.94 to 100.34 area- it was a move to lure traders in. That's why on a counter trend trade gains are mostly 20-30 ticks and very few traders can get all of that.
By the time they get in and out- they mostly get 50% of 30 ticks.
I am sure some indicator showed that there were buyers around 99.94 when CL visited first time. By the time indicator line up, CL probably was at 100.10 etc and slowly once they got as many suckers as they could- slow ride down.
TF. reshort 1132.20. TF is making the day. off ORH. POC, Low volume node, high volume node, naked this and naked that- all out of the window. Since we have no idea how market internals will lay out, coming up with levels is
something to do at best. MoreAnalysis= More levels= Poor execution .
Shorts in GC- haave not worked so far. close to ORL and is not working.
short NG- decent scalp of fORH. Flat before 10.30 am Nat gas report.