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Well, other traders using the same system are fine. I guess I am just not in equilibrium with the markets this week. I am sure I will snap back soon, but still 'practicing' on this new setup but give it till Friday and if I don't like it then Tuesday I am back to my old magic. haha...
A couple rules for myself is never trade the week prior to a major holiday. Obvious reasons.
I would have been profitable today, but not overly so. Tough to get entries as my entries seem to be leaving me behind.
I have heard some on this board comment about how deep the order book is, but to me, it seems VERY thin. The amount of movement on price on a normal tick bar is quite large. This usually happens with light volume or when orders get pulled etc..
Has been an interesting week. Start up 'sim-live' on Tuesday.
Well, thanks. I figured the vids needed a week off. haha...
I had told myself back around the Memorial day not to trade around the holiday, then confirmed around 4th of July etc..
I remember last year it was pretty good until the week before xmas and then the next couple weeks. That was really the only holiday that I was overly cautious about.
Looking back I can say that this week wasn't so bad and I can see a lot of nice setups, but it happened that I took the worst ones.
I remember last year xmas time. I probably gonna take off from one week before xmas and get back probably around week after new year eve. Maybe some sim trading I think to keep it fresh.
I remember that time because that's when I lost my first account.
Today was a decent day, I wanted to make sure I took only a couple trades, so I am glad I stopped trading as I would have had a really nice run, but it would have required about 5 trades and I am focused on taking less trades for now regardless of profit.
Pretty smooth and predictable market today.
One trade short, knocked out.
Second trade long, got out at good area.
I kept telling myself today, focus on what you are seeing, let go of everything else etc.. It was nice.
Well, I had a tough time today defining the trend! haha, I think everyone did.
I figured it was going up after the lack of retracement, but boy did it want to be hesitant and because of that I got chop suey'd up.
Had a couple of small runs. I stuck with it, was feeling some anxiety to be 'right' but I kept my focus. I got tired after about 30 minutes, eyes burning, etc. and decided that the market just wasn't my kind of market today.
Sorry about volume (if you listen...) as I had my mic tucked up on my head.
That is too bad as I was making comments about my feelings and emotions etc..
Yes, Horst had a nice 3 point run down at open, then got hit BE+1, then found himself in a pretty deep hole, but punched through it. When I was watching his video, I was like, 'Oh no, not short again..' haha.. I am sure that is how he feels looking at most of my videos... haha...
If I were you, I would steer clear of trading till Monday and just watch the markets. I have learned contract switchover to be a bitch.
Oh, and the comments on your thread about not being a good trader and trying and hoping will not serve you my friend. I have come to realize that trading is like so much in life, you can be down and out and nobody cares.
I was feeling pretty bad around March timeframe and feeling like I was wasting my time. With the economy the way it was, I was pissed off (looking back) to see the market climbing like a rocket.
The crazy thing is, I definitely saw this pullback coming! I understand it is ok to be wrong or not understand what is happening, but at the end of the day, IF I continue to trade what I see and not focus on ANYTHING else, then I will be successful.
In my mind, the difference between a successful trader and the flip-side is one who believes. (that is after they have gained a certain amount of screen time and understanding of themselves and the market technicals, etc.)
I will start videos again on Monday. Another nice break I guess. I wish I could trade 7 days a week though.
EDIT: Oh, my goal will be that within 5 years of constant journaling you will see me pulling down 3+ points consistently per day with as many contracts as my bank account can handle.
Thanks for support again.
I do believe in myself and I know that I can do it and be profitable even with this experience. I said that I don't feel like a good trader because I still make a lot of mistakes and I'm dealing with a lot of emotions right now. I do feel improvement everyday. Yesterday I just had to stop earlier, take a smaller loss and save my nerves for another day.
Wouldn't I believe in myself I would quit it long time ago.
I think you will start making 3+ points mach sooner than 5 years. You got much better even for the time I'm reading your journal. You are fast learner and you'll be there in no time.