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OK, now two challenges may come. First, I'll get over confident. Second, today may have been like taking candy from a baby, and tomorrow will bring the baby's big bad brother coming to take the candy back.
Let's go for it, fellow traders. Let's go for the significant wins. I asked myself last night, "What would it take to become a successful trader?" Journaling was the answer that came to me (thanks to BM's Tradervue webinar, I'm sure). I'm testing Tradervue now and will test some others.
Whoa! My best outcome day. But don't ask how I got there. My first 3 trades stopped out. I just stand there watchin' with my hands on my hips!
Today I thought the market wouldn't fall for the unemployment numbers jump down. Now it looks like they just pretended to. Anyway, I need to leave my biases at the door, not trade during headlines, and go with what the market tells me. Agree?
My 4th trade...I finally started going with the flow. The last trade...now that was a long but enjoyable ride.
“Only one who devotes himself to a cause with his whole strength and soul can be a true master. For this reason mastery demands all of a person.”--Albert Einstein
Execution Score: 2
* My first entry was OK, but I was 3 bars late in. I didn't take the 9 ticks offered when price hit the Fib deeps, reversed, and retraced. Did not have Fib area marked!
* Second trade was revenge trade taken at an S/R and Fib level. Took big heat and had to wait forever for price to move.
Psychological Score: 2
Had spat with wife, not feeling good about that, and traded anyway. Took revenge trade, but it worked.
Execution Score: 2
I just have to take an early trade and watch as it stops out. Then I take a revenge trade and catch up.
Emotional Score: 2
My emotions are under control. A bit of impatience as I wait for seemingly forever for price to move. I guess I like to see things grind out and if for the better, good. If for the worse, que sera sera. : My indifference reflects my general attitude when there is a performance outcome, whether it's interpersonal dealings, job performance, or anything else. This is an epiphany. My attitude implies there will be no ramifications either way, but there are and they are sometimes huge.
Execution Score: 3
Shy on trading in first 10 minutes. Didn't fall for bear trap near opening. Sure enough, price rose. That presented first op. Didn't trade. Price dropped to deeps and S/R line and didn't trade again. Took next good ops for fair trades. Emotional Score: 4
Steady emotions. Didn't feel left out despite missing two good ops. Felt nervousness after second entry like I was trying to take too much and trading past my time slot.
Note: When deep Fib lines up with an S/R line, that seems like a good entry signal.
**Execution Score: 2**
* 1st Trade OK, gave 2nd car 1 point stop and got stopped out.
* 2nd Trade revenge trade, then allowed full stops
* 3rd Trade decent signal but went short distance
* 4th Trade good signal but bailed 2nd car at 1 point. Price reversed from that exact price to go 5 points further
**Emotional Score: 2**
Frustrated by trade management issues. To let runner run or not, to take heat on runner or not, and how much. Revenge trade? Come on Dude!
Execution Score: 2
Took short on weak signal treating it with blind faith. It had reached the bottom of a deep Fib area! Second trade was a revenge trade. Third trade was on good signals, took a lot of heat, added on three times for big trade. Pre-market foretold a ranging day but I traded like it was going to trend.
Emotional Score: 2
On second trade calmly took revenge trade.