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BRAVO showing your entries and exits.
Your transparency in showing your winners as well as the losers is Huge.
Sometimes us new guys think we are the only ones who ever have any losers and the guys who have been trading for 5-10 years clean up the market every day.
Great Job!
If you always do what you have always done you will always get what you have always gotten.
Celebrate because you executed your edge. Not because you won.
Well I've always shown the losers when I post a chart....and I've only been trading seriously for around 3 years...so I'm still learning like everyone else.....which I suspect i will be until the day I stop trading.....
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
After I quit today, price did a full on sell off. In times past I would be really upset with myself for missing this kind of thing. Then one day I realized I was making a choice about when to stop trading based on my experience, my temperament and the amount of time I was willing to sit in front of the charts.
Truth is, the longer I sit there the worse my decision making becomes. If I win in the early morning, chances are I'll give it back later on. Not because I'm stupid but its just experience that says look for good movement in the early morning and stop. If a big move happens during my trading hours, chances are it will consolidate for a good long while an I'm not interested in trading that.
So now when I see something like what happened today, I recognize it as simply a trade off I make. Less time at the screens sometimes means missed opportunity. It also means that many days I get to keep what I made because the rest of the day is sideways crap.
So while I would have liked to made some extra coin today, I'm content with the results. I traded my plan to the letter and that is a successful day.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
The Fear / Regret of missing out has been my nemesis from the beginning.
Fear will make you chase and Regret will make you throw your computer out the window
As for market condition, I have learned to play small ball around the London open. Open it up as New York
approaches and then clamp down for the afternoon.
The sideways market you speak of is a bit like shooting fish in a barrel for me as price is "contained". I trade
across the range until price breaks.
I find it much more difficult to enter a trend..... funny how we all learn differently
Thought I'd post a chart or two today. I'm done fairly early so I have time to post one before the madness starts.
Anyway, I wanted to be short from the daily chart and hopefully off a deep pull back. I took a long counter trend trade for +19 back to resistance and where I shorted. This trade failed and to be fair, was not a trade I normally take. After the strong move up, I got the deep pull back along with some strong selling right at that level. I took the first down bar and held for the top of the opening range. It took a bit but worked out just right.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris