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I find myself "up" somewhere in the day almost every single trading day I come to the market. 1st trade is iffy, but back the BE and then some is almost what I expect as normal. That is 100% winning days, if I let it be.
But many times I don't, give some back, then back and forth, maybe finishing the same but with far more commissions. Or finishing down, walking away frustrated.
I am sitting here up 72, almost took another trade, saw what I thought was good risk versus reward... and then asked myself a few things;
1) Do I need it to have a good day?
2) Do I really believe it will reach my target before the close?
3) Is this a good time of day to read the market?
And watched it move in my favor. Some. The come back, some.
I find better RR, better movement, better 2nd chance if I need it, in the morning. The whole day is in front of me.
Just reading some stuff. This is a good way to gauge your trading performance. I have been happy with 30% of daily range. He says start with 50%. Geez. Gonna dig into this a bit further.
The Private Banker: Analyzing Trading Performance (
of course …
Had this conversation with @Private Banker in my journal. He has some good ideas you might look into related to your questions of when is enough... link to get you started. He suggests percent of daily range....
later
“Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.” - Dr. Seuss
@GaryD brain in over drive again, i feel for your poor brain
Any news yet on you project and due home date.......
Gary you are a execelent trader, a good man
Give in and let go and do what you have programmed your self to do
I do really think you just think to much about every thing, this is good to an extent but too much can be a poision!
I think you need to focus on a balanced life style now, find a good hobby you enjoy doing to take your self away from work
If that is fishing, golf, pursuing pussy like Hegvid or spending time with your wife. What eva takes your self away from the markets and work and switch off
When your working trading, get serious and focus and do what you need to do
"You are a highly trained warrior with one goal"
When your not working have fun and enjoy your self, you only live once dude
I really want to see you have a break through soon, i have been reading and folowing your journal for some time now and you still seem to stuck in the same place
Your trading understanding is top class, you have an edge, good dicpline and understanding and you can friging trade
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PLEASE FILL IN WHY THE HELL YOU ARE NOT KILLING THE MARKETS
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" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
My wife suggested we get tattoos last weekend. I joked about "Discipline" on one arm, and "Tenacity" on the other. But just thought of a better selection of words.