Thanks and no problem! 
great trading and great explanation Jason , many thanks for posting.
If you can't tell what the herd is doing...you probably are the herd.
Scalping the Mini Dow off the M1 Charts
Excellent.
That was the day I was having a broker connection issue and couldn't trade that morning. But I watched it unfold. Glad somebody caught those moves
That was the day I was having a broker connection issue and couldn't trade that morning. But I watched it unfold. Glad somebody caught those moves
A better day today, although last two days were rubbish. feel that I'm still jumping in on momentum far to early. Two nice 'travel back up the wick' plays today{image}
If you can't tell what the herd is doing...you probably are the herd.
still reacting emotionally to this , but managed a +2R finish today.
traded in the post open chop for a bit , wtf?!? and far too many trades !
never mind least I'm acknowledging my mistakes albeit after the event.
arrows and areas drawn afterwards seemed to make the most sense.
just need the discipline
thanks Jason, enjoying this so much.....
traded in the post open chop for a bit , wtf?!? and far too many trades !
never mind least I'm acknowledging my mistakes albeit after the event.
arrows and areas drawn afterwards seemed to make the most sense.
just need the discipline
thanks Jason, enjoying this so much.....
It is fun, isn't it?
Just be careful. Overtrading becomes a habit very quickly and one that is terribly hard to break. The worst part is if you do it and you end the day positive, it just re-enforces the habit. But you already know this
Just be careful. Overtrading becomes a habit very quickly and one that is terribly hard to break. The worst part is if you do it and you end the day positive, it just re-enforces the habit. But you already know this
still reacting emotionally to this , but managed a +2R finish today. traded in the post open chop for a bit , wtf?!? and far too many trades ! never mind least I'm acknowledging my mistakes albeit after the event. arrows and areas drawn afterwards seemed to make the most sense. just need the discipline thanks Jason, enjoying this so much.....
If you can't tell what the herd is doing...you probably are the herd.
It is fun, isn't it? Just be careful. Overtrading becomes a habit very quickly and one that is terribly hard to break. The worst part is if you do it and you end the day positive, it just re-enforces the habit. But you already know this
thanks Jason..... yesterday 'bad habit' disaster I'm too embarrassed to even post the chart.
Today lots more control, lots more awareness.
Stopped trading at around +1.5R, but did like the look of the arrowed set-up.
Nice job. Glad you caught that long at 9:33. I almost pulled the trigger (and probably would have made for an easier day for me )
){quote} thanks Jason..... yesterday 'bad habit' disaster I'm too embarrassed to even post the chart. Today lots more control, lots more awareness. Stopped trading at around +1.5R, but did like the look of the arrowed set-up. {image}
If you can't tell what the herd is doing...you probably are the herd.
Nice job. Glad you caught that long at 9:33. I almost pulled the trigger (and probably would have made for an easier day for me
many thanks I liked the look of the spike down, which in fact got me short, then the move back up the hammer(ish) candles and break.
Happy to say that, apart from one foolish 'impulse excitement click' the entries you took, I also took ! amazing... even the last re-test set-up that I passed on.
which can only mean one thing.....I'm learning, but lots to work on still (mostly me)
Thanks again Jason - I for one very much appreciate everything your doing here in your thread.
{quote} many thanks I liked the look of the spike down, which in fact got me short, then the move back up the hammer(ish) candles and break. Happy to say that, apart from one foolish 'impulse excitement click' the entries you took, I also took ! amazing... even the last re-test set-up that I passed on. which can only mean one thing.....I'm learning, but lots to work on still (mostly me) Thanks again Jason - I for one very much appreciate everything your doing here in your thread.
If you can't tell what the herd is doing...you probably are the herd.
While we're skirting the topic of overtrading, I thought I'd share some of my own thoughts on trading psychology.
Some say trading is 100% psychological. I think for the most part that is true, although I'd probably say 90% psychology - there is still some skill involved
When it comes to overtrading - or revenge trading, whatever you call it - most people know they shouldn't do it, and they do it anyways. The simplest reason for doing is: It hurts to lose. The most common thing I hear from those that have admitted to revenge trading on a particular day and digging a massive hole for themselves goes something like this: "I did it again. I know I shouldn't do it, but I just can't seem to stop myself. I have to figure out why." And then what naturally follows is to read books on psychology, try to understand yourself, etc.
And it is important to understand yourself, and to understand why. But what's far more important to understand is:
ULTIMATELY, THE "WHY" DOESN'T MATTER.
I can't stress that enough. What matters is WHAT YOU DO. Meaning, what are you ACTIVELY doing to prevent yourself from ever doing it again?
That's what matters.
Some say trading is 100% psychological. I think for the most part that is true, although I'd probably say 90% psychology - there is still some skill involved
When it comes to overtrading - or revenge trading, whatever you call it - most people know they shouldn't do it, and they do it anyways. The simplest reason for doing is: It hurts to lose. The most common thing I hear from those that have admitted to revenge trading on a particular day and digging a massive hole for themselves goes something like this: "I did it again. I know I shouldn't do it, but I just can't seem to stop myself. I have to figure out why." And then what naturally follows is to read books on psychology, try to understand yourself, etc.
And it is important to understand yourself, and to understand why. But what's far more important to understand is:
ULTIMATELY, THE "WHY" DOESN'T MATTER.
I can't stress that enough. What matters is WHAT YOU DO. Meaning, what are you ACTIVELY doing to prevent yourself from ever doing it again?
That's what matters.
If you can't tell what the herd is doing...you probably are the herd.
While we're skirting the topic of overtrading, I thought I'd share some of my own thoughts on trading psychology. Some say trading is 100% psychological. I think for the most part that is true, although I'd probably say 90% psychology - there is still some skill involved
While we're skirting the topic of overtrading, I thought I'd share some of my own thoughts on trading psychology. Some say trading is 100% psychological. I think for the most part that is true, although I'd probably say 90% psychology - there is still some skill involved
) and all he does is putting himself in other traders shoes...
It's all psychology...