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Catching Big Waves - a trader's journal of surfing the the markets
So far, this is the best single-contract profit day I have had. I know I jumped in and out a couple times with 2, but I still consider it one contract trading, just overlapping trades. Somehow the call I had to take nearly marked the bottom of the minor wave down. Pure luck. I would have probably dropped it if I was watching and maintained some profit, but it traded back to nearly my entry while I was out of the room. Exactly why I do not set my stop and go, but that may still be a misleading belief.
I am going to take a break, have no reason to trade the PM, other than I enjoy it sometimes.
Can you help answer these questions from other members on NexusFi?
And another observation... this is also a week after I saw a shift in how I looked at what trading is. I do not know the dates, but I know this is the first full week following that mindshift, or even mind return. I had a trade turn on me after +39, actually lost $10, and just laughed at it as it did. While that is not necessarily profitable, it was freeing. And gave me a clear and non-judgemental approach to the next trade.
Not going to retire on what I brought in today, and not the most I have made in a day overall, but one to remember. The money is not what matters, it is the mindset where I feel I scored all As today
The zone held, but too busy to consider anything else. I have not put my phone down since I took a call earlier. Hectic day. Net 181, 9 trades, max win 56, one loss today for 1 tick, and going to be very conscious that I do not come to the market tomorrow with a win hangover.
I am getting it. I have recently come to similar realizations myself. You just described the inner workings of the holy grail. Disappointing for some, I am sure, that the programming is internal, that is it never exact, and that it is constantly changing. After all that can be known about the unknown is known, all we really have is ourselves and our ability to coexist with uncertainty.
Either that is the best post from you yet, zt, or it is the best I have understood it. Either way, your contributions are of great value to me, and to anyone who takes the time to absorb them. Thanks.
Crude is building a band of support. If it breaks, it is worth paying attention to. If it holds, same thing. These significant lines come several times a year, but not every day. I expected a break today, it would not come. Last look, floating upwards. This line may not be over, but eventually, it will. That whole concept interests me.
"Good Morning!", says crude oil. Whatever bad mood it was in yesterday is long forgotten.
I took a long at 88.32 for... 23 ticks
Another busy phone morning, Friday... Not sure if I am trying anything or not. When that line held yesterday I felt it might have some significance, but not as explosive as it turned out to be.
