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Did you really have to use "self-deprecation"? This is my second language. Give me a break. Haha...
As I said before those big runners I hold only when I have big loss to make back. If I didn't loose anything before that I take 2-3 points and run. Like today I knew that it's gonna go to 50% and then to 76% but I had my target at 100% because that would give me BE + some profit. I didn't want to wait at that point for 76% because I had no need to wait so long watching pull backs going against me. I'm just looking for the area that would give me what I need with as less pull backs as possible. But if I have lost a lot already I will wait longer and manage it better because I need as much as possible from that run.
I don't know if it's right or wrong. That's just psychological thing. It's hard to make myself to wait longer if i already have what I need and I can loose it.
It's hard to explain, but I think you understand what I'm saying.
You are right about my impatience and that's very clear. I can hold myself for a day or two and a then back to normal. Haha..
Thanks for your comments. Even if you want to say something critical don't worry and let it out. I can take critic and I'm not sure if I have ego about that. I always open for someone to point out my mistakes, or even give me some advice to overcome it.
Yes, rendering now. I didn't say why I thought it was long, but I studied my long term charts and I thought it was clearly long. So, I thought the 4181, 1597 weren't going to give me proper signals etc..
I am ok with today. You have some really bad days and then you have some really good days. Unfortunately for me, my good days need to start matching my bad days in points!
I am learning!!!
I think it was long because of the long term bar setup and 'look' but that is hard to take 5 tick entries off such a theory!
The good thing was that I kept my composure (except for 2-3 trades) and was focused on what I thought was correct, but I didn't even evaluate it going short. I must be open and trade what I see. I was closed off today and it showed.
I don't even look at TF bigger than 4181 now. I don't think that I need them if I need just 2-3 points a day. You probably gonna disagree on that. If you are trying to get 5-10 points run and you found your entry from smaller time frames then they can be useful.
Yes, you are right, but it sure helps if you see the longer term trend because I believe it helps you with the right direction. That all depends on how trendy it is. All different....
I guess it can also screw you up like today for me. haha...
I think the biggest thing is that you can't take this too seriously. At least for me, this is not life and death. If I do take it too seriously then it ends up being too much drama and stress and then it makes it harder to be clear and just move forward. If I get down on myself it just muddies it for tomorrow. I have to just let go and move past but learn the best I can.
You did good today! You had the vision for short, but I think a lot of people didn't see that deep pullback. One thing that you didn't do (maybe you did) was have your profit target set? Where did you think it was going to go?
Just curious on your thoughts on the MACD's and where the target would be with them looking that way?
I will wait to watch the video. I used to get very angry. Then I would get depressed, but now I know it is just a journey.
I remember one time I took a very good friend of mine on a 6 hour hike through Waipio valley on the big island. I just had surgery to my intestines 5 months prior and was just getting back in shape and he was in decent shape.
About half way through I started seeing him go through all these emotions. Fear, Frustration and then Anger. It was fun to watch.
When we got to the campsite in Waimanu valley he said, "Dude, I don't want to fucking hike out of here!". So, on the way back I made sure he didn't have any extra stuff and after the 36 hours in the valley camping he had a sudden change of heart and was the first one out of the mountain.
When we got back he said that was the most fun he has had in a very long time. Amazing how getting out of your comfort zone actually changes you.