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great thing about trading:
It's not about the hours you put in but about the quality of decisions you make when you put in the screentime.
Thus, treating it like an office-job would be counterproductive to most people I think, as (you described it, I know it myself for a fact) decisions tend not to get better with the hours we are sitting there...
I however see this as a chance - more free time without feeling bad about not "working"
P.S.: thanks for journaling, I know you do this for yourself mainly but you should know that others are benefiting as well.
Long day today....spent a couple hours chatting with a trading friend today and then got a call from my daughters school, my kiddo was having some health issues...spent the rest of the day dealing with that and a couple of other things....thankfully every thing is fine....but I'm tired and don't feel like doing a full write up...
I lost some money today in NG...got whipsawed in the news....its ok, it happens, the loss was small so no big deal...
CL tried my patience today....I think I broke even....had a big winner right off the bat, then gave most of it back......
Today was my last day trading the entire session.....I will trade while I'm feeling good and have plenty of energy....then pack it in for the day....
Net loss today with NG.....
Here's to a better day tomorrow.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
It's the end of the journal contest...we've seen quite a lot of good work with the journals...I confess I haven't read many of them. For the most part, other people's journals often times conflict with what I do....so no need to have that input. At the same time, the journals should be for the trader not for other traders but I recognize that sometimes what you post might help others along the way and for that we should all be grateful.
An interesting thing happened with the contest. I got a few PM's asking me for my vote and a couple of people seemed like they stepped up their posting in other threads so the link in their signature box would be spread around a bit more. And some people posted the thanks button in the chat box.....
To me, the contest is about adding value to the reader....as well as yourself. And PM's and chat box posts asking for thanks aren't adding value to anyone. I posted in my thread almost exclusively and I think I may have gotten the most journal views of all the journals. Why I have no idea, my writing sucks......I know I started this thread for the express purpose of the journal contest and was quite surprised it's gotten as many votes as it has....although at least 3 people removed their thanks...not sure about that....seems odd....must have pissed them off at some point. I removed my thanks from one as well but it was after the constant asking for thanks.....to be fair, I did ask a couple of friends to thank me and they did but they would have anyway I suppose.
Regardless, its been both fun and tiring to post everyday again....but I suspect I will cease posting here everyday and provide a weekly wrap up on Friday's. I maintain a blog which is really for my own benefit whereas this thread is a lot more public....and writing for the public does seem to put a bit of strain on my limited mental capacity. I feel like I need to write for an audience instead of for myself and thats counter productive to my trading.
Now to the charts....
A good day today....short before the open...80.20 was the logical place for it to hold once 80.40 had been broken and it didn't, so I shorted in the hole, made 45 ticks or so....just as price was approaching 79.50 area....this is the DB zone and I figured here it would pause and it did....after waiting a bit....2 hours essentially, I got long 79.73 and captured another 45 ticks back to the mid way point and the PG1. I took the trade off a bit before the PG as there was some possible resistance prior to that but it didn't matter, price made it to the PG no problem.
I'm done for the day, well before the fatigue sets in...have a lot to do today....taking my pop to Mexico for some meds, getting ready for the holiday bash tonight and probably go have a nice starbucks at some point today.
My charts are a bit different today as I am showing the contextual charts as well as the 5M chart. I also added a 10 range chart just for a slightly different look as well...sometimes those range charts really nail the ledges and levels better than a time based chart.
Take care and have a good weekend.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
But finally its each trader's decision and prerogative. Trading is all about having your priorities right. The combine is a serious attempt, and journalling takes lot of time and hard work and sometimes can even act as a distraction from the real goals. However one thing we can be sure of - Brian's updates, whether they come daily or weekly will always be worth looking forward to.
I know you do. One of the reasons you got one of my few votes.
I may be wrong but it doesn't seem like a screen shop of the summary and some comments after the days trading would be that distracting. You know better than I would.
"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
If and when I win the combine and if and when I trade the combine, I will journal it here....I haven't decided if I'm gonna give it away or trade it....If I do trade it, I will be trading either ES or perhaps ES and TF, if TST has TF available by then. I'd heard they were working to bring TF to the combines.......
But my regular trading will be reduced to weekly updates....I still can't figure out why anyone actually reads the stuff I post. I read it later and it's just not that good....there are no real insights, no real tactical stuff, no trade calling, no macro analysis, no bragging about how I called this or that high or low...no attempt to prove how right I am about all the above, no nothing....its just my trades and my thoughts about either the trades I took or some general trading thought.
This is my 4th journal here, and people just keep reading...I don't get it...
Anyway, thanks for reading.....
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris