Net breakdown (contracts traded):
ZS $569(6), CL $102(4)
ZS $569(6), CL $102(4)
| RESULTS FOR DAY | |
|---|---|
| Contracts: | 10 |
| Net $P/L: | 671 |
| Wins: | 5 |
| Losses: | 2 |
| Win%: | 71 |
| Avg$Win: | 176 |
| Avg$Loss: | -104 |
Whipplebox made me Google Doc Rotella and I liked it so much here it is with a twist:
Doc Rotella’s Ten Commandments (modified by MBAGearhead)
- Trade to trade well. Don’t trade not to trade poorly.
- Love the challenge of the day, whatever it may be.
- Get out of results and get into process.
- Know that nothing will bother or upset you regardless of price action and you will be in a great state of mind for every trade.
- Trading with a feeling that the outcome doesn’t matter is almost always preferable to caring too much.
- Believe fully in yourself so that you can trade freely.
- See where you want the trade to go before every entry.
- Be decisive, committed, and clear.
- Be your own best friend.
- Love your stop loss and your target.
Posts
Nice, I didn't exactly know how to translate "Love your wedge and your putter" into trading terms but "Love your stop loss and your target" is perfect!
ReplyDeletethe deucalion mentions Curtis Faith book trading from the Gut, check it out for a harmony view of point between mechanic and discretion system.
ReplyDeletegood trading results, i am new here in your blog so i don't know your trading style but i like what i see.
ReplyDeleteI likes "Love your stop loss and your target."
ReplyDeleteGood ones.
ReplyDeleteSounds like there's some stuff in there about maintaining a positive attitude - might just be me though. ;)
Thanks for sharing.
-AT
When you say discretionary, do you mean just gut feel for price action or does that include looking at fundamentals also.
ReplyDeleteCory - thanks for tip.
ReplyDeleteAustex - "discretionary" meaning gut feel but my entries, in particular, are based on a methodology. No fundamentals involved ever.
Curtis mentions sternly that "gut" is developed properly only by years of effort, trial and error and solid analysis. Not giving the gut the time to develop and refine and then relying on it to make trading decisions is pretty much suicide.
ReplyDeleteFew can make and appreciate the difference in his thought. It's not just gut feel, it's a developed "proper" gut feel. I am only now starting to appreciate that subtle but huge distinction.