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Genesis Matrix Trading

  • #18,961
  • Oct 29, 2013 4:10am Oct 29, 2013 4:10am
Take care FOM. Come back healthier and better than ever!

But please do get healthy first.
  • #18,962
  • Oct 29, 2013 4:29am Oct 29, 2013 4:29am
Getting the most out of your trades.

After my GU short today, which got me to my weekly target, I thought to myself, what should I do now?.....what would a professional in control of his game do?

In the past, I would usually have kept trading. Nothing wrong w that.

The last thing I wanted to do was give anything back to the market. I really wanted to milk that trade. So I took myself out for lunch, and spent the rest of the day feeling nothing but positive and confident thoughts about trading. If you have read the Dr Maltz book 'Psycho Cybernetics', you will know that feeding yourself this kind of information is very powerful.

The trade itself was a good re-entry to the bigger previous bear move, but I was also in the right place at the right time. In saying that, fishing for a good time starts w throwing in your line!

My point is, I think it might be very useful to really let trades sink in properly, bad trades too. Im thinking maybe there is a lot of value in taking a break after a trade, to re calibrate, process, digest...................and then resume trading, w patience and discipline. As I moved around in the afternoon I replayed the trade over and over again in my mind, not by looking back at the charts, etching into my mind all the correct things I did prior to the trade, which was nothing more than doing the basics well.

Im sure this wont suit everyone here, but for me it feels like a good discipline strategy.

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #18,963
  • Oct 29, 2013 4:36am Oct 29, 2013 4:36am
Quoting realjumper
Looking at GU and GJ....text book Frankie/London reversal just completed
Yup, like taking candy from a baby
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #18,964
  • Oct 29, 2013 4:44am Oct 29, 2013 4:44am
Quoting jjre65
Getting the most out of your trades. After my GU short today, which got me to my weekly target, I thought to myself, what should I do now?.....what would a professional in control of his game do? In the past, I would usually have kept trading. Nothing wrong w that. The last thing I wanted to do was give anything back to the market. I really wanted to milk that trade. So I took myself out for lunch, and spent the rest of the day feeling nothing but positive and confident thoughts about trading. If you have read the Dr Maltz book 'Psycho Cybernetics',...
Interesting thought there J. I do jot points of interest down in my notebook for future reference, but apart from that I virtually forget about the past trade, won or lost, and just start looking for the next one.

Nothing wrong with you're saying though....it sounds good
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,965
  • Oct 29, 2013 4:59am Oct 29, 2013 4:59am
Health is (or should be) everyone's number one priority.
All the best FOM and a fast and safe comeback!
Enter Signature
  • #18,966
  • Oct 29, 2013 4:59am Oct 29, 2013 4:59am
Quoting jjre65
Getting the most out of your trades. After my GU short today, which got me to my weekly target, I thought to myself, what should I do now?.....what would a professional in control of his game do? In the past, I would usually have kept trading. Nothing wrong w that. The last thing I wanted to do was give anything back to the market. I really wanted to milk that trade. So I took myself out for lunch, and spent the rest of the day feeling nothing but positive and confident thoughts about trading. If you have read the Dr Maltz book 'Psycho Cybernetics',...
Very good post J. Rewarding yourself is a very good thing... Be good to yourself and you can be good to others too.
There`s no life before COFFEE!
  • #18,967
  • Oct 29, 2013 5:02am Oct 29, 2013 5:02am
Quoting realjumper
{quote} Interesting thought there J. I do jot points of interest down in my notebook for future reference, but apart from that I virtually forget about the past trade, won or lost, and just start looking for the next one. Nothing wrong with you're saying though....it sounds good
RJ, agree, I am the same, the last trade is last trade nothing more, nothing less.

Win or lose, irrespective, that's irrelevant, just look for my next signal.

The only issue would be if the trade was an ill-disciplined trade, that is the only that would make me question why, what was going through my mind at the time, lack of concentration, or whatever ???
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #18,968
  • Oct 29, 2013 5:03am Oct 29, 2013 5:03am
FOM,

all the best - wishing you a speedy recovery.

PM1
  • #18,969
  • Oct 29, 2013 5:18am Oct 29, 2013 5:18am
Quoting Martyfish
{quote} RJ, agree, I am the same, the last trade is last trade nothing more, nothing less. Win or lose, irrespective, that's irrelevant, just look for my next signal. The only issue would be if the trade was an ill-disciplined trade, that is the only that would make me question why, what was going through my mind at the time, lack of concentration, or whatever ???
Yes that's true.....if I make a stupid trade that was outside my set of rules I will take time out to examine what was going on to make me take a silly trade.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,970
  • Oct 29, 2013 5:57am Oct 29, 2013 5:57am
But I have my checklist that I must tick off prior to any trade.

The only "error" I make is occasionally failing to check HTFs.

The other "error" I make is failing to drink enough coffee - Which I will not tolerate !!!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #18,971
  • Oct 29, 2013 6:06am Oct 29, 2013 6:06am
Quoting Martyfish
But I have my checklist that I must tick off prior to any trade. The only \"error\" I make is occasionally failing to check HTFs. The other \"error\" I make is failing to drink enough coffee - Which I will not tolerate !!!
I too have a check list, and it's rare that I deviate from it.....and it's even more rare when I deviate from the check list and win!!

Lack of coffee is certainly one of those avoidable pitfalls, and must be avoided or else there's no point in firing up the PC at all.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,972
  • Oct 29, 2013 6:29am Oct 29, 2013 6:29am
I would say 98% of the time I enter an ill-disciplined trade, it ends up as a loss
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #18,973
  • Oct 29, 2013 9:33am Oct 29, 2013 9:33am
Quoting realjumper
Just a word in your ears.... Fame Of Me is currently in hospital...
Very sorry to hear that... my thoughts are with you, Fame. Get well soon! We can't let the boys think they have no competition here...

I'm sure you are in good hands and will be back with us in no time
Attached Image
mind over matter
  • #18,974
  • Oct 29, 2013 10:12am Oct 29, 2013 10:12am
Jo,

That is so considerate of you to post a get well photo for FoM.

I'm sure she will appreciate it.
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #18,975
  • Oct 29, 2013 10:54am Oct 29, 2013 10:54am
Quoting realjumper
Just a word in your ears.... Fame Of Me is currently in hospital and she is quite a sick girl. She's in good hands and she will be fine in a couple of weeks. I can't expand much more on this because I have to respect her privacy, but I'm pretty sure that she will be checking in here for time to time. So send her you love, best wishes and healing thoughts......she needs it and will appreciate it. Thanks And to you FOM......hurry back because the boys are going to take as many pips as we can while we have the chance!! {image}
thats really sweet. thanks
And thanks to all other wishes and nice pm's

actual my feeling is not so good. i got a pneumonia and the doctors are not willing to let me go home. hopefully soon...

happy pipping to you all
  • #18,976
  • Oct 29, 2013 2:56pm Oct 29, 2013 2:56pm
Quoting Martyfish
Jo, That is so considerate of you to post a get well photo for FoM. I'm sure she will appreciate it.
Thanks, Marty. A good laugh is a medicine too.
mind over matter
  • #18,977
  • Oct 29, 2013 2:58pm Oct 29, 2013 2:58pm
Quoting Fame of me
{quote} thats really sweet. thanks And thanks to all other wishes and nice pm's actual my feeling is not so good. i got a pneumonia and the doctors are not willing to let me go home. hopefully soon... happy pipping to you all
Good to hear from you, Fame
mind over matter
  • #18,978
  • Oct 29, 2013 8:20pm Oct 29, 2013 8:20pm
The PDF is now finished and is in the editing stage....lol....hang in there...
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,979
  • Oct 29, 2013 8:22pm Oct 29, 2013 8:22pm
Wishing FOM speedy recovery and good health.Green pips to all( Fame of All) ..
  • #18,980
  • Oct 30, 2013 1:17am Oct 30, 2013 1:17am
FOM, I hope you are back on your feet soon!
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