Austin, Texas
Experience: Intermediate
Platform: Ninjatrader
Broker: NinjaTrader
Trading: RTY, ES, YM
Posts: 172 since Jul 2011
Thanks Given: 694
Thanks Received: 406
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.... and make you say, "what the hell was I thinking" lol.
Spent some time this morning going through this one, and other old posts, and it has been interesting to say the least -
even a little painful maybe. A few things were made clear to me though, and they are not anything new by any means.
First is how easy it is to jump around to the "new idea" whenever my secret sauce method hits a rough spot. Really been all over the board over the years, trying this, tweaking that. But looking back on some of the things I have done, there were definitely some glimmers of some good stuff, and some other things that leave me scratching my head as to why.
My second revelation has been.... almost anything as far as a method can work. Flipping a coin, using 30 different indicators, measuring the brightness of constellations in the night sky to determine a trade direction....if, and a BIG if, there is the realization it can (and probably) will be wrong. In the simplest terms, managing risk. Not taking losses personally, managing them to minimize impact, creeping back to the "let me tweak this for the 1000th time to get 100% wins" Because the good trades are there, maybe not now or today, but if I am not there and ready for them when they do, then this can never work.
I am a slow, and stubborn learner - my wife will attest to that.
So, I will be back to posting a bit. I thought to jump back into someone else's journal - @michaelleemoore 's Scalper's Journey has been great, lots of great people that have been on there, and I miss the activity there. Also thought of starting a new journal, but that seems like that would defeat the purpose of a journal. So, here we go - feel free to post, comment, hijack, whatever, and I will work on posting what I am doing.
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