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My way of seeing the market

  • #121
  • Sep 2, 2021 6:46am Sep 2, 2021 6:46am
Hope y'all had a great summer.

Just a quick update because some people here might wonder... or not... There were great people who participated here and I wanted to say I'm fine and still at it since the day I left.

I simply stopped watching videos, reading whatever material on trading (I never really been fond of it anyway, too skeptical), etc. and I started trusting myself for once. Ultimately all of the previously mentionned stuff is/was holding me back for developping my perceptual hability and hability to navigate the environment at hand. I see trading more like a performance, an intense sport and/or fighter jet mission. As someone once said to me, this game is all in the head. It's all about me. I put blinkers on and I wade in every day, most important : getting better everyday.
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #122
  • Nov 13, 2021 3:52pm Nov 13, 2021 3:52pm
I would like to continue this thread and my visits on ff because my short trip here last year helped me tremendously, I met great people who helped me a lot and I kept re-reading what had been told to me and/or sent via pictures. I'm ashamed I went no contact for a couple months, it was not my intention but it ended up to be that way, sorry Veni, Michael, guys who helped me and cared enough to respond to my thread...

It's just that for me ff is a double edged sword. I get the best and the worst, and I was not really stable in my approach. Reading all sort of stuff from various people got in my head, like the wankers who always say it's not possible, etc... So, I prefered to continue focussing on my approach and developing my chart reading skills alone. (Though I kept talking with one trader via chat who has helped a lot too, thanks man).

Anyway, I think I might be rambling and making it out to be some sort of big thing lol.

Here's a pic I wanted to share :

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It shows that for the first time I actually doubled an account scalping, 109 trades total, 9 trading days. I thought it was a big victory and I didn't really have anybody who understand the "game" to share it with.

I want to post here from time to time to stay accountable for what I do. Main problem right now is of psychological nature.
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #123
  • Nov 16, 2021 7:13am Nov 16, 2021 7:13am
Basically, the main "problem" right now is the fear of the "outlier" as I call it. It's the fear that the next trade will go straight to stop, so every action I take becomes a tentative to avoid it but in doing so I exit too early before the trade had the chance to show any meaningful sign of exiting the "load zone". Something I do quite often is make up rules on the fly. In the heat of market action I tend to do things that are not in my best interest like moving my stop/tp because trade shows signs of wanting to push farther or other variation of that. If I want to make "rules" for trailing a big win, I need to think about that outside of market hours, and apply that during next session or next week. I really need to practice hammering in my methodology flawlessly, because it's when I tend to do really well. The price to pay is the emotions/"traumatized" mind from past poor performances that urges me to do something else. It's uncomfortable, but a necessary step towards real, meaningful success.
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #124
  • Nov 17, 2021 1:23pm Nov 17, 2021 1:23pm
Quoting Jaymantos
Basically, the main "problem" right now is the fear of the "outlier" as I call it. It's the fear that the next trade will go straight to stop, so every action I take becomes a tentative to avoid it but in doing so I exit too early before the trade had the chance to show any meaningful sign of exiting the "load zone". Something I do quite often is make up rules on the fly. In the heat of market action I tend to do things that are not in my best interest like moving my stop/tp because trade shows signs of wanting to push farther or other variation...
• It's the fear that the next trade will go straight to stop = trade smaller
• Something I do quite often is make up rules on the fly = make up rules when you are not in a trade, test them outside of market hours on demo, fwd test them later
• In the heat of market action I tend to do things that are not in my best interest = plan the trade, trade the plan
• The price to pay is the emotions/"traumatized" mind from past poor performances = focus only on your winners, have a winners mindset, do what works more often
  • #125
  • Edited 1:03pm Nov 18, 2021 11:54am | Edited 1:03pm
Quoting NevFX
{quote} • It's the fear that the next trade will go straight to stop = trade smaller • Something I do quite often is make up rules on the fly = make up rules when you are not in a trade, test them outside of market hours on demo, fwd test them later • In the heat of market action I tend to do things that are not in my best interest = plan the trade, trade the plan • The price to pay is the emotions/"traumatized" mind from past poor performances = focus only on your winners, have a winners mindset, do what works more often
You're right. I did many things wrong in regards to trading since starting. I can't undo the past. Good news though is I know exactly what is holding me back. I need to build on my strengths (winning mindset).

My past failures could simply be summarized as wishful thinking and not following the flow of the chart out of emotionnality... I think I'm pretty good at pattern recognition at this point in time (after thousands hours of watching charts..), without trying to sound too self absorbed...

When operating from relative stress free/anxiety free, the mechanism works well and is not hindered by conscious thoughts too much. When I'm trading well (more and more often) there's nothing clouding my judgement. The only thing in the back of my mind is deep knowledge I can do it (confidence, albeit not overly; realistic confidence tied to reality).

Anything that slightly disrupt this emotional state will disrupt my bottom line. For example, events occuring relative to my pnl. Big loss, big win, doubling the account (new line in the sand), changing contract size and having a loss for the first time at new size. Etc.

It is time I do the mental exercises suggested by Brett Steenbarger relative to conditionning fast thinking reactions upon those events.
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #126
  • Nov 18, 2021 3:15pm Nov 18, 2021 3:15pm
“You want all of your ideas to be hypotheses and not conclusions. You want to rehearse that mindset. When you’re doing that immersion work, you’re really practicing having what people in Zen and meditation call an empty mind. You’re really opening your mind. You’re not rehearsing a mental bias that’s for sure. So, when you are working on that immersion, you really are working on clearing your mind and being very open minded so that many different hypotheses can come into your head. And your job going forward as you’re following the market in this very focussed state is to see which of these hypotheses seem to be playing out and which ones aren’t. You are not starting with an idea and then putting on the trade based on your conclusion, you are starting with basic observations about order flow, about how different things are trading relative from one another, but the idea is a pattern that you recognize, it is not an explicit conclusion. So, the question here is are you bringing the idea to the trade or is the market presenting you with the idea with the pattern that’s setting up. If you’re bringing your bias, your idea to the market, you’re forcing something. The really good trades in terms of pattern recognition are the ones that come to you. The pattern sets up, you recognize things lining up and a light bulb goes on in your head. That’s the opposite of bias trading.”

-Brett Steenbarger

No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #127
  • Nov 19, 2021 9:56am Nov 19, 2021 9:56am
"If you think you can control more than the loss, you are lying to yourself.”

-JensG

No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #128
  • Nov 20, 2021 11:51am Nov 20, 2021 11:51am
Quoting Jaymantos
I would like to continue this thread and my visits on ff because my short trip here last year helped me tremendously, I met great people who helped me a lot and I kept re-reading what had been told to me and/or sent via pictures. I'm ashamed I went no contact for a couple months, it was not my intention but it ended up to be that way, sorry Veni, Michael, guys who helped me and cared enough to respond to my thread... It's just that for me ff is a double edged sword. I get the best and the worst, and I was not really stable in my approach. Reading...
That's a nice looking chart, now if you can carry on with that progress you wont need anything else in life.

Best of luck as always.
  • #129
  • Nov 22, 2021 7:36am Nov 22, 2021 7:36am
Quoting venividivici
{quote} That's a nice looking chart, now if you can carry on with that progress you wont need anything else in life. Best of luck as always.
Thank you for your support, always appreciate it... and the stuff you shown me with the message a few months ago! I wish you a insane year Veni.
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #130
  • Nov 24, 2021 7:58am Nov 24, 2021 7:58am
Attached Image (click to enlarge)
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Funny pic I found on the internet... Thought it represented trading acurately
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #131
  • Nov 25, 2021 11:11am Nov 25, 2021 11:11am
Once we have found something that works, it’s hard to stick to it because there is always some losses and uncertainty that comes with any meaningful way of viewing the market. Human brain tries to make this uncertainty as small as possible, often by making things more complex. In the market it often translates into f**** up the strategy for good. Thus, for the average trader, the certainty of losing is almost more bearable than the uncertainty of not knowing.
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #132
  • Nov 25, 2021 8:51pm Nov 25, 2021 8:51pm
NQ moving 150 pts in Asia after a market halt at 13:00 EST (U.S. holiday). Often happens on holidays (that Asia moves more than usual).

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Caught a couple legs
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #133
  • Edited 10:51am Nov 29, 2021 7:00am | Edited 10:51am
Thank you Veni!

(the reason I post that here is because I can't comment on your thread nor send you a pm)
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #134
  • Edited 8:28am Dec 1, 2021 8:11am | Edited 8:28am
Thoughts of the day:

Trades are raining. But if I come to the chart with a mindset of wanting to trade, I have already failed. The chart will give the necessary information, no need to seek it out madly. As a general rule, if I am actively seeking out stuff, I am operating wrong. The point is, I should not accommodate the chart to fit my current need. I should let it come to me when it’s ready. If I chase the market, I will always be in-between two good setups. Michael pointed it out a few times: “Can you wait?”.

Attached Image (click to enlarge)
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No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #135
  • Dec 1, 2021 10:37am Dec 1, 2021 10:37am
Quoting Jaymantos
Thoughts of the day: Trades are raining. But if I come to the chart with a mindset of wanting to trade, I have already failed. The chart will give the necessary information, no need to seek it out madly. As a general rule, if I am actively seeking out stuff, I am operating wrong. The point is, I should not accommodate the chart to fit my current need. I should let it come to me when it’s ready. If I chase the market, I will always be in-between two good setups. Michael pointed it out a few times: “Can you wait?”. {image}
What I am seeing?
1) You are going against the trend.
2) You missed the risk-reward ratio by moving your stop.
  • #136
  • Dec 1, 2021 10:57am Dec 1, 2021 10:57am
Quoting Shantala
{quote} What I am seeing? 1) You are going against the trend. 2) You missed the risk-reward ratio by moving your stop.
Hello Shantala, thank you for taking the time to post.

I betted on a reversal of the small trend you are talking about, which played out and I moved my stop to secure profits along the way. Close to the tp line on the chart, I trail it more tightly, the tp line is not even needed... Market usually likes to reverse 1 point before my targets it seems
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #137
  • Dec 2, 2021 4:46am Dec 2, 2021 4:46am
Quoting Jaymantos
Thoughts of the day: Trades are raining. But if I come to the chart with a mindset of wanting to trade, I have already failed. The chart will give the necessary information, no need to seek it out madly. As a general rule, if I am actively seeking out stuff, I am operating wrong. The point is, I should not accommodate the chart to fit my current need. I should let it come to me when it’s ready. If I chase the market, I will always be in-between two good setups. Michael pointed it out a few times: “Can you wait?”. {image}
Nice, I would have taken the same.
  • #138
  • Dec 2, 2021 10:20am Dec 2, 2021 10:20am
Attached Image (click to enlarge)
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No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #139
  • Dec 2, 2021 11:22am Dec 2, 2021 11:22am
Quoting Jaymantos
{image}
nice, notice the down leg is some what straight and simple, but then the bullish recovery move is in a step formation.
  • #140
  • Dec 2, 2021 1:52pm Dec 2, 2021 1:52pm
Quoting venividivici
{quote} nice, notice the down leg is some what straight and simple, but then the bullish recovery move is in a step formation.
Hi veni, your setting restricts me from sending you a message
Thank you

Quoting Jaymantos
{image}
Hi Jay, very nice trade
A good looking trade setup like this is everywhere on the chart, but sometimes we are not patient enough
Keep posting mate, learning so much from this thread.
Thank you
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