The Bucking Bronco

I banked only 11 points.
I was in 920 on time, but got out too early.
Market was flaky....

Next time...

Flaky? With all the due respect, of course... I have to disagree.

It's a long, long story.
Actually, I have decided to answer and comment like this: philosophically. (as to say: foundational!)
The uncertainty of trading never goes away. The Mind that you bring to engage the unknown is the difference maker!


“(As traders...) We live in an abstract non-linear world that is in conflict with our human biases - Linda Raschke

The unknown is uncomfortable. Yet trading is about decision making under uncertainty.”- Linda Raschke

Yep. Right. Wash, rinse and repeat.

11.992 banking my profits. Respecting the Market! (And myself.)
All men at home. Mission accomplished.
Some positions still in. Just in case.

PS... to the ones who yesterday evening have read/heard me thinking aloud... (post deleted!)
this is called scientifical trading (Mr Gann lessons)... has nothing to do with predictions!
For prediction I have my coffee grounds and tea leaves!

And now a love song to this delicious German Lady.

12.000. Jupiter was here!

Already posted... but it is the true truth. The pure reality of the things.

‘No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation." - Robert Rhea (1932)

And also at 12.021. But now very,very tired. Too tired to continue.
I would like to "call it a day".
But I am afraid I have something more to verify with Mummy...

Seems like these WS boys wanna play the same game as yesterday.
I hate these killers.
This is why I rarely play the NY session.
Scaling out 12.025... Banking (nice word!).

Reading something new, in this very moment.
And again I'm just thinking aloud... meditating on the page in front of me.


Does luck exist in Trading?
My favourite definition of luck is this:“Luck Is What Happens When Preparation Meets Opportunity."
This quote, attributed to Roman philosopher Seneca, reminds us that we make our own luck.
Remember SUCCESS has "U" in it. To achieve success requires "U" to follow necessary rules and steps.

But... (I like these “but” of mine.)
My suggestion is to think with attention to these words. And get my intentions right.
I said again and again. Incessantly!
“Market is a bitch of a teacher.”
This thing of “Let the market teach you” it's so dangerous. So immensely dangerous.
You could make all things wrong and....pulling off a few winning trades will reward you for the wrong reasons.
That will condition you to behave incorrectly in all your future trades.
It is a damned “short circuit”.
It will need/take years to come out of that hole! Believe me.
That is the real drama of a retailer's life.

Great fti's quote as usual: "Beware of what you let enter in your mind. Garbage in, garbage out."

Unfortunately this is true for all the things in life. Let the garbage stay in dumpsters.

This Jupiter/Franco is always so complicated...!!!
OK I'll tell it straight.

The question is not the bottom line... this fact of being in green. (Yes, how long? How much?)
The true truth – TO ME! - is “Are you able to follow the price during its march or not?”
“Are you able to ride a trend as Livermore used to do?”
“Are you able to trade in front of Wyckoff as Gann did?”

No? Welcome in the band of Miserables. You are missing the point.

The discussion is open...

Best sentence in all this journal. I'm still smiling.

Yes.
Yes.
I see.
Good.
Agreed.
Nice.
Perfectly understood.
Thanks.

IMHO, that's very exactly regarding the retailers trading and due traders posture.
Otherwise, we shouldn't expect luck like counterpart's fault in a game. But sometimes bad weather may change and we get wind blowing in our direction. That would also be lucky.

Good.
Exactly what I meant in the second part of my post...
And the risk is that we feel ourself like heroes... thinking that, in the end, we were right!
Or theorizing bullshit like "What goes down, must go up...."
And the next time... instead of the sun we'll meet a storm.

Thank you. Another version for expecting Luck - hope and belief of a skillful analyst (not trader).

in 1965 Mr Bob Dylan thaught this concept to an entire generation...

"You don't need a weather man
To know which way the wind blows"