Thursday, January 25, 2018

Thurs. 1/25 -1.2%

2:30pm CST - Tough day but limited the damage. Too many reversal signals.
RESULTS FOR DAY
CL Contracts:7
Net $P/L: -188
Wins: 2
Losses: 2
Win%:50
Avg$Win: 106
Avg$Loss: -200

6 comments:

  1. Disclaimer: this is just my 2 cents, just throwing it out there, musing out loud if you will. Thru your blog we share a common bond, the Y2K crash and perseverance for a better day. Your trades showed a fighting spirit more suitable for a young and nimble guy. Those days are behind me so this is what I do. Pic 1 measure what kind of swing it typical generates in that market https://www.screencast.com/t/OBexFRK090yF . Pic 2 dampen down the noise by using a kind of renko chart, this one is point-O chart and set the bar value to swing value that is conducive to finding the S/R levels and still conform to those swing values https://www.screencast.com/t/C91wwPYA0KU . Basically you just fish at the level the charts show you and target is at one bar(swing) length.

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    1. Thanks for ideas cory. I'm young and nimble at heart. :)

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  2. For 6 years as I was blogging (and several years before that) my trading was a complete train wreck. Instead of documenting my turning point on the blog from amateur to pro trader I was showing the world (or the handful of people who stopped by) how not to trade.
    Every tweak I tried didn’t work because there was something fundamentally wrong with my entire approach to trading. How and where I looked for setups was completely wrong. No amount of tweaking was ever going to fix that. No new trading system was ever going to fix that.

    When you get stuck in “groundhog day hell” for an extended period of time, like you’re in now and I was in for 10 years, it’s going to take far more than a simple tweak, a new system or a different market to trade.

    Trust me.

    Until you figure out what’s missing, where you’re really going wrong, you will forever be stuck in this “groundhog day hell”.

    Just to be clear, I’m not chiming in today just because you had a losing day, everybody has a losing day from time to time.

    I rooting for you MBA, I really am.

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    Replies
    1. Thanks Michael. Sorry you quit blogging. How was your 2017?

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    2. Overall 2017 was a good year. Always room for improvement of course. I've considered blogging again, but it's been a full time job keeping myself healthy, focused and learning to adapt to what seems like an always evolving market.

      I know I've said this before, the best move I ever made was finding someone who traded for a living (and not selling any product) and letting them help me figure out where I was going wrong.

      Good luck to you MBA, it does look like you're starting off the new year a little better!

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