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Nice video. Just thinking if you have to lock your mouse in your safe for a certain amount of time.... Then you need to focus on self control issues. I mean it is good you have a solution but it is something you need to work on. Ideally, you shouldn't have to rely on this. It just means you need to work on developing yourself more. Be master and commander of yourself. Know yourself, and only trade when you think rationally and are not rushed or emotional.
i also have ADHD and it does make it a little hard but if another human can do it then so can i. One of the books i read a few years ago talked about handling ADHD and how instead of trying to suppress all those thoughts, you should actually act on them. Meaning you can make it work in your favor, i do tons of different things throughout the trading session because i know that if i just sit here and stare my brain will go bat shit crazy so I have other businesses to tend to, this forum, books ect and your ECM idea was just the icing on the cake to keep it all together.
The book if i remember correctly is called the gold standard, I don't remember the price but im sure if i bought it it was cheap
-P
"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
I don't need to do that now. But there was a time where I felt it would be best to take the option of trading off the table. Same as some people who have broker platforms that they can request to be locked out of for a period of time after their loss limit is hit.
Haven't posted any videos in a while. The main reason is that I was adjusting to trading larger size and a few adjustments needed to be made (which I explain at the beginning of the video.)
Yeah I get it. I personally have a set time period where I trade everyday and I dont trade outside of that time period. For me it helps me to just be consistent.
I have found that trading the first 2 hours after the open yields better $$$ than trading longer. Not only for the fatigue factor...but also because of the increased volume the open and period after the open offers.
In your video you mention going from 2 to 5 contracts and how that increased the anxiety level.
Going from 2 to 5 is a 150% increase in size and from 5 to 10 is a 100% increase.
Would you feel less stress if you added 1 contract at a time?
Going from 5 to 6 is only a 20% increase and thus would be expected not to affect your stress as much as an increase of 150%.
When 6 is routine then just add 1 more and so on.
I read all of the 115 pages of this thread in the last days and i want to say thank you, lancelottrader, for sharing all this information. I really appreciate the time and effort that you bring in here.I also congratulate for your success and hope you are still doing well
I´m a Trader from Germany and i like volatile markets. Thats why this thread is very interesting for me. I used to trade the FDAX but i moved to CL. I still like the FDAX but its combination of a) tricky to trade because very thin and b) huge contract (>300k EUR per contract) made it very volatile for me... in terms of p&l as well as psychological.
When trading CL i look for swings on a 1 min chart. My usual stop is 10 Ticks and my minimum target is also 10 Ticks. In momentum i trade without target. I have a good feeling for the exit of running trades by focusing on volume peaks. That way i often get 30 to 40 tick winners. My trading depends on buyer or seller surpluses which i detect by watching the development of the 1 min candle in combination with speed as well as support and resistance. I only trade when there is a surplus in the market and when i believe i can feel in what way the surplus /the order is beeing executed (eg. offensive or defensive execution).
At the moment for me the only negative factor with cl is the high commission compared especially to EUREX futures. I trade with AMP on TT web platform.
Looking forward to have some contact and information exchange with other traders, especially CL Traders.