Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
i an re reading the journal and realize i came back to step 21
21. We go back into the market and continue to donate.We go back into the market and continue to donate.
because i lost another $1200
better to said, i have invested in my education
it is resulting a little bit more expensive that i have considered
but after the graduating form the university and getting a job, one think to recovery the study cost and much more....
well done in re read the journal
i am surpriseabout myself with my behaviors and i will be more aware about my self, especially in focus, preparation, not move stop, patience, not trade more than 1 thing at time, trade max 5 per day, build selconfidence,
keep it working
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
Can you help answer these questions from other members on NexusFi?
when i was trading i was thinking that i am doing the things correctly, but when i revise the papers and the trades, i see what horrible execution i am doing,
totally un focus
the good thing was i stop after 3 losing trades in a row and we take the stops instead of moving them
i need to understand the difference between range and trend, and apply the entry to that scenary
i made the opposite today, break rules, chasing, buy tops and stop in front the train.
i need to apply the rules ,
re read them before trading
maybe take the eurex webinar in the morning and trade in the afternoon is too much
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
i continue watching eurex webinar in the morning, and in the evening i was writing hh,hl,ll,lh PA on the charts, as i use to do before, and drawing the supp and res lines, and try to trade from there, close it quick the losers, fade ranges only, and spend sometimes reviewing previous trades with the PA view, lh,hl, and i realize big mistakes i did, and then, i will continue this practices.
i was reviewing the journal and it was interesting the pattern go crazy live, and move stop live
evidently i am very very far away in the handycraft system
i was thinking to move to shares,etf to practice inexpensive way, but i would like to do as much possible in zn ,
goal for tomorrow
draw S/R, draw hh hl, respect the Fade range or entry pullback
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
i have finished the eurex web today, and have watch the thread of welly, jd, and others using mack method, and i try to apply the drawing of TL today
and continue with the draw of hh hl, (in nt i setup for me in a new chart)
now i setting the dom range in a more precise context from charts. i think could be helpful
i forgot the news 830, and some unknow event
remember next time!
i trade more than5 7, it is like i see trades...for anywhere
but i like the welly says, not looking trades..look place
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
what will happen if i do not take anymore counter maintrend trades? i need to wait more?
or i can t be able to catch in nice moves?
again i stay on the news , and i let it become a winner in a loser
i continue to draw TL S/R, but i went all day in a wrong side, fade and was continuation
fade pull back and was a reversal...
i was re viewing the records to try to get the subtle diferences: or bounce or B/o, i need to detect that difference
the zn look to b/o down, but i see suppor tl n 15range and D, and W, ut evidently is hard down, i dont know what to think? is it going to b/o or bounce the bigpicture?
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
today i was record the day to review ,specially theb/o or rejection in the dom,
i continue with the process to drawing live the TL, S/R, and it look like it is helping
i had a nice idea but not was filled, and good trades, losers and winners, but ,but
something really bad happen again
i boght the top123.27.0 , and when i realize that was wrong , by mistake i bought another lot instead of sold it
then +2 at top
instead of closed them, i holding a loser, let become a day trade in swing trade
why?
i did not want to accept to made a mistake, and close it
first i set up -2l to close at b/e, but later i think, imaging if it b/o123.28.0?iwith 2 lot, nice!
also i was thinking that this mistake is a problem for the statistic i am doing, but
finally i convert it in swing trade, i think we are in a down trend, then worst
the only possibilty is it look like it is bouncing...but anyway
the real problem is how can i avoid/stop to do this , because now the risk of stop loss is -20tickx2lot
equivalent to 8 trades for -5tick
the worst think is i broke my rule, and can mean to ruin myself
the 2 previous trades were +7 each, maybe i was a little overconfident.
i need to remember this, and repeat and now i am writing in my rules sheet
also i am realizing that was the 6th trade
but i have 5 max trades per day ....another one broke
i go to get some rest
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
alejo, you're being very honest in your journal and in this thread.
I wish I had some instant, effective advice, but, of course, I don't. But I appreciate your effort and honesty, and hope you hang in there and solve it. Just to let you know that people are rooting for you.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
finally i paid for the mistake with 2 lot , i was reading and watching BM threads , and i get one thing that mike said
it is a mistake? close it inmediatly, i will adopt it
i could aplly inmediatly because when open the platform and i see a big winer open with -lot, i do not understand nothing, then i was realize that was another mistake , the stop loss of 2 lot was a -5lot
i close it quick (but was a winner, easier to close)
anyway, i took note
another thing i did today was to test again with cash, the famous final of the month pay your chart fee of tradestation
i think i couldn be able to trade 20 trades before the end of month, but i want to face to emotion, i need to face the emotions and live with those and practice the executions and decitions with them.
i know i will fell anxious, ok, accept and try to do the same things, than in sim, i have a little bit confidence in what i am doing, drawing S/R, TL, watch the dom, i need to close the bads quick, and go for mor than 3 tick in live, but i would like to think and trade in the real world of cash, and learn with cash, the tuition is more expensive, i try to keep in a minimum, if touch a limit DD ,maybe go FV5year, i do not want to go to forex, and also i want to use the experiencies in zn.
it was good, accept the losses, close scracht, of course made same mistake, (let become a mfe+3 in a loser), but in general i fell much better than last month
i try the next time to improve the execution
now i was thinking, what difficult is to fight against the temptation to think "what easy is this, whit this big moves, one can get rich", and really i need to put the brakes to avoid the temptation of the market saying, come, trade me, you can get it"
i need to say, not, re focus, and training my plan, my job,
I start doing the videos for the trades, and today i was talking louder the thoughts
i will get a webcam to record me while i am trading
the problem i need a more private office to da that, because the noise, and family
but i think i am feeling more controlled in this way, and i can review, the turns and top/bottom/ bounce behaviors , but is a big job to do it and reviewit, more time, but it is better and quicker to study the day, i do not decide if i will record my 2hs or more hs of the day
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself
i was trading on 30 based on charts only because the NT/zenfired does not work yet, then without jigsaw dom, and losing in all trades, and on the wrong side most of the time
on the end of he day i let an open trade with 2 lots for the 31, that was, to try to recover, and to try to pick a runner, i try to justify myself watching higher time frames, but i know was counter trend ,except if i catch the bottom ,
i use extra long stop loss
on 31 i check in the morning, and i see that was trading at entry price, fail break and down, that was the time to exit
i see LH LL, break the TL, but i continue with my bias to a supposed breaking strategy based on 60min first, i try to draw lines to justify i was right, i close it and i wait
i was decided to let it to touch the stop imaging a running for the upside for several days, and i was reading the elusive price action, not trade
At some moment, i want to trade with the S5 account with the scalping 4tick startegy and compare with this trade open buy and hold type
but , because it is not working NT/zenfire/jigsaw, and because i realized that could be a crazy behavior (more than the actual one)
the first red signal was an email from ts for margin call, and then i do no want to check it again
this morning, first opne the emails with the daily report, and then i saw the loser, after that went to check the platform, took the picture and write this
how easily i was slippeded out of the road , i think it is difficult to accept, i can not do it, and can not read it, and i am failing big my trials
i can not see where i am stand
the confusion take over, and i feel lost between, reading the dom, PA, scalp yes or not, keep the instrument, stop and rereading the journal (i am fail at this)
spend a lot of time at market and realized that does not help, reading the elusive price action and realize the infinity things that are out there, that i need to learn, or not? stop ?
day trading look more dificult than swing trading, then start or re start with swing trading? change of time frame (today experience was bad in that experiences)
i need to practice something in sim, but if you can not do it in cash, then...it is not useful
i am practicing cash, but i can not trade like sim, and lost more money ...
and that losing money is not teaching nothing, better i do not learn for my mistakes
how easy i feel totally different things, i can get it, and i can not get it
better a pause?
i will re read the journal
i try to found a way to not to decay
La lucha es de igual a igual contra uno mismo
The fight is fair against oneself