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)
I was not going to journal this week, and am still not going to post any charts, but something important about what I have been studying just hit me tonight.
I am very much a believer in "feeling" trading, and last night I just felt that price was weak. This morning gapped open, and I almost instantly wanted to sell it from the feeling I had the night before, but I waited for something on a chart to help confirm. I did sell CL around 106.50-106.60, but took the trade back off around 106.10. The LOD was closer to 105.70, and tonight price has dipped into the 105.40 area.
My plan for today was to hold until the close, but I did not make it. It was that the charts I watch said that the trend was still up, and I expected price to find support in prior "value". And it did find it, becoming choppy into the close aftrer the directional move to prior value. But the plan to hold went away as soon as I thought I had a reason.
So tonight, questioning the things that occured today, deciding for myself if what I did was wrong or right, I saw that it is much easier psychologically to believe in a trade's potential when price is moving out of value than when it is headed into it.
Can you help answer these questions from other members on NexusFi?
Already a big fan. I would prefer that he not sit on my laptop, but he just doesn't get it. He seems to think that if I have the computer with the big screens, that he gets the one with the little screen. He's my boy!
CL played out today perfectly. I did not trade it perfectly, but still a great day. Sold the open, held my short longer than usual, then in the afternoon bought into support. Great respect of levels, not a lot of waiting for any move, good straightline runs. That type of motion is what keeps me in CL instead of ES.
It is Friday, stayed off the journal this week, and I prefer it that way. I have done this long enough now that it is just a part of me. I think in "journal-speak", can analyze myself in real time quite often. But now that the skill is deeply understood, I think I am ending my trade journaling. I am expecting to start something new but not sure yet.
But the turtle balcony has gone back to where it came from, no where.
Hi Gary
Thanks for your inputs and a great journal. I see your point here to stop putting all
effort into a journal every day - it uses a lot of energy and time. The goal is to
focus on one's trading - and it helped for sure in many ways. With questions and
comments of futures.io (formerly BMT) members the look at the bigger picture makes that one wider.
There is of course a time to end that journey - and I was thinking exactly the same
to do with my daily journal which I had spent some hours into the last 18 months. In
fact I felt I was the only one here to announce every trade with start and stop time
before I started every trade - this handicapped my trading even a bit more ;-)
My goal was to show that some consistent trading can be made as long one is disciplined.
This step is fulfilled now too.
Wishing you a great trading future - and hope to read a lot of you again.
Happy sunny weekend
GFIs1