Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Yes, funny how the vid's always come flying out when the market 'behaves'.
I made that comment before and somebody gave me some gruff over it... hmmm. Who could that be....? ;0
I think I have like 6 or 7 NFT'ers doing this. I sure wish that the open journal was done more consistently by more but I guess not necessary but makes it more fun.
You did good on your vision today. My advice is to work on your trade management as I think you are a bit shy from yesterday. Your entries are GETTING MUCH BETTER!
Try focusing on the longer term targets and just see if it hits. Letting go is the only thing that will do that for you... I still struggle deeply with it. Cost me 6.5 points today all together.
I failed to check all systems for "go" before opening. Later I found the 610 and 987 charts stuck. Missed the first long at 8:47 Central Time. My goal today was to trade my rules. My rules kept me out of trading for a while. Then I placed my first trade without a setup included by my rules. It was downhill from there. I will trade my rules. I will trade my rules. I will trade my rules.
That's the hardest thing for me to follow the rules. You didn't click a lot yet and before you start clicking because you are bored or because you are lost you should remember that it can become a huge problem and will be very hard to overcome. Do not make that mistake. It's like a poker. Wait for a good hand. If you are not sure just fold and wait for the next one. When you see a big pot but you are already fold you cannot get any of it. You have to let it go without you and wait for another hand (setup). You can get a nice pot starting from the blind but that is more luck than a skill. To make money you need skills not just luck.
I guess you already know all that. I just want to warn you that clicking (over trading) can be very serious problem. Don't make that mistake. Seat on your hands if you have to.
To me, the biggest problem you have now is judging yourself and setting expectations.
It is something that I believe has held me back for a long time. It comes and goes, but in the end, setting up judgements on how we do has no meaning or is useless.
It is good to be technical and just document in black-n-white if you succeeded in holding up your rules. SHOULD is a tough word and this helps me greatly in my journal and trading as I see my own issues in others.. Amazing how that works....
I am sure you are glad you could help!
I wonder what your expectations that you have set upon yourself... I am thinking about my list now...
I rewrote my goal to be consistently profitable, including the "or else" consequences. The 28 K chart said look long, but the lower time frames indicated short. After four gifts I caught a trend down. Took a long time. Thanks to Bluemele for comments on being judgmental. I'm still pondering that issue.
You did very well today. I have seen a distinct change in your thinking lately.
Sometimes it takes a really really bad day to do that. And, the trick is to keep that thinking.
Trading is like Baseball to me... I remember I used to get into batting slumps... I was never a great player, but I was consistent and above average. I guess not a bad thing to be in trading?
I was determined to be profitable today. I had confidence. Early trades racked my brain and confidence. However, I stuck it out and ended up in the green. Now I will analyze how I did, read and study. I'm not liking the feeling of being determined, but that's where I am now. My best to you and your trading well.