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Plan the Trade

  • #2,801
  • Oct 13, 2017 1:03pm Oct 13, 2017 1:03pm
Quoting The Cableguy
Sensible hour's trading for me, with 3 trades; {image} Nothing special, but felt calm. Also, i left my first trade on, even when i no longer liked PA (hope) and could have taken +3/+4 instead. I think that is worth acting upon. If it no longer looks right, get out with a small gain and go again next time. It's only small, but it all adds up in the end.
Nice trades are you trading live?
  • #2,802
  • Oct 13, 2017 1:21pm Oct 13, 2017 1:21pm
Nope, not switched permanently yet. I toggle it sometimes... but right now, just concentrating on building up the mental capacity to do so.

I think i'm happy with where i am with it all. It's been around 9 months or so of concentrating on the NQ and Futures and i feel like i've learnt loads about how it moves and reacts, what times i want to trade, how i want to trade it, how to use my stops, when to chase etc etc.

Guess i'm running out of excuses to stay on demo! A combination of larger minimum positions and the speed that this thing can move makes it quite a different prospect from trading FX crosses.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #2,803
  • Oct 13, 2017 5:50pm Oct 13, 2017 5:50pm
Quoting The Cableguy
Nope, not switched permanently yet. I toggle it sometimes... but right now, just concentrating on building up the mental capacity to do so. I think i'm happy with where i am with it all. It's been around 9 months or so of concentrating on the NQ and Futures and i feel like i've learnt loads about how it moves and reacts, what times i want to trade, how i want to trade it, how to use my stops, when to chase etc etc. Guess i'm running out of excuses to stay on demo! A combination of larger minimum positions and the speed that this thing can move makes...
9 months? wow.. Do you think fear is holding you back? Do you have a written plan? Some times when you don't have a written plan then you don't have enough confidence to trade with real money.. Have strict rules and follow them.. What's the worst thing can happen? Maybe lose a couple of hundred of dollars.. then back to the drawing board.. When I listen to Harold speak, I can tell he has strict rules.. Matter of fact, all the full time traders that I know that trades for a living has strict rules.. Don't be afraid to lose money.. It's part of the game..
  • #2,804
  • Oct 13, 2017 5:52pm Oct 13, 2017 5:52pm
I'm up 128 for the week.. Have a nice weekends guys...
  • #2,805
  • Oct 13, 2017 6:36pm Oct 13, 2017 6:36pm
Fom how long u been trading?
  • #2,806
  • Oct 13, 2017 7:17pm Oct 13, 2017 7:17pm
Quoting capstone
I took +6 on it. Based on previous action today, I didn't think it break the 93.50 level. I got in to early. Alright, that's a net of +22 today, net +38 for the week. I'll take it for a first week back in a long time. The break helped me I think. Now, this is in SIM, so no emotion with it. That helps.
Good work.
  • #2,807
  • Oct 13, 2017 7:21pm Oct 13, 2017 7:21pm
Quoting Divergence
fom these would have been my entries via your chart {image}
FOM, enjoying seeing your perspective. H, thanks for taking time for the comparison with how you see it too. Good stuff guys.
  • #2,808
  • Oct 13, 2017 7:40pm Oct 13, 2017 7:40pm
Quoting rudy5
Fom how long u been trading?
10 years and a lot screen time..
  • #2,809
  • Oct 13, 2017 8:15pm Oct 13, 2017 8:15pm
Quoting focusonmoney
{quote} 9 months? wow.. Do you think fear is holding you back? Do you have a written plan? Some times when you don't have a written plan then you don't have enough confidence to trade with real money.. Have strict rules and follow them.. What's the worst thing can happen? Maybe lose a couple of hundred of dollars.. then back to the drawing board.. When I listen to Harold speak, I can tell he has strict rules.. Matter of fact, all the full time traders that I know that trades for a living has strict rules.. Don't be afraid to lose money.. It's part...
Without rules you have no plan. Pardon the pun but isn't this threads name plan the trade? It's not just finding entries but trade management
  • #2,810
  • Oct 16, 2017 8:29am Oct 16, 2017 8:29am
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 26 KB
Become the casino
  • #2,811
  • Oct 16, 2017 8:37am Oct 16, 2017 8:37am
123
Become the casino
  • #2,812
  • Oct 16, 2017 8:37am Oct 16, 2017 8:37am
Waaayyyy on up there . . .
  • #2,813
  • Oct 16, 2017 8:43am Oct 16, 2017 8:43am
123 pb +1
Become the casino
  • #2,814
  • Oct 16, 2017 8:53am Oct 16, 2017 8:53am
Will sell 1625 123 break pullback
  • #2,815
  • Oct 16, 2017 8:54am Oct 16, 2017 8:54am
yep
Become the casino
  • #2,816
  • Oct 16, 2017 8:56am Oct 16, 2017 8:56am
Cancel
  • #2,817
  • Oct 16, 2017 9:18am Oct 16, 2017 9:18am
extreme getting close
Become the casino
  • #2,818
  • Oct 16, 2017 9:18am Oct 16, 2017 9:18am
Pullback or hook
  • #2,819
  • Oct 16, 2017 9:19am Oct 16, 2017 9:19am
Cancel hook
  • #2,820
  • Oct 16, 2017 9:22am Oct 16, 2017 9:22am
Pullback for 12 long extreme
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