David's journal

[azadar]

You are right Nikita, 2 trades in there that should not have been taken. Thanks.

Didnt have much time to trade this week so today was my first trading session of the week. Started late but I caught a part of the big down move. It was aggressive but pattern was clear and trend was strong. Good payout

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[immy]

The tendency bend a rule before you've proven yet to yourself that you can follow rules is the disease of most traders like you and me! First we must learn to trade by the rules 100% of the time then we will know and have earned the right to bend a rule here and there. e.g. Did Grant bend rules to achieve nearly 20% average per month all this year?

have a great weekend! enjoy time with family

[azadar]

good point Immy.

Friday was a disaster. I think I had decent entries but failed to stay in a probabilistic mindset and look for any clue as to what the market was doing. I just blindly sat there waiting for my campaigns to hit full rents. Even missed a great cherry signal long due to that.

Lesson learned.

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[immy]

David

Responding to comment on your chart
"This is a perfect example of failing to adjust to what the market is telling me". Your approach is changing rapidly from a to be to c. From trading without know why you are trading to chasing waves to mechanical to discretionary trading. Is it an experiment? if yes, nothing wrong with that. But if its the search for finding the illusive something then we gotta think again.

I would say, the statement should have been. My trading setup was there, I traded it the result is a negative balance. I did not make any mistakes as I followed my plan (yes, i do have one) and based on that I have done very well. So I'm going to congratulate myself, Well done David and enjoy my weekend!

Most Kind Regards

[azadar]

Yes its an experiment. I want to better read the market and flow with it. In order to do that, I simply cannot take an order and wait until my SL is hit. Thats not the point of my experiment. If I get signals that trend is turning around then I need to be open to the idea and act accordingly. Maybe I stay in the trade but recude SL. Maybe I take a trade in opposite direction to edge my position and let market decide which way to take price.

Monday was good. Strong uptrend offered nice opportunities.

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[immy]

Recipe for Disaster! but keep trying

[immy]

moreover, trading from intuition is not a simple task. Traders often confuse impulsive trading with intuitive trading. If it feels good, its usually a bad trade. Remember... Trading is not a place for finding comfort. Its about being not comfortable and still doing it. If it was a place for seeking comfort everyone will be successful. Trading is a "psychologically" hardest thing to do.

what you need to do is Stick to one thing for at least 3 months. I am on your case...

[azadar]

Fine. seeds for 3 months.

[immy]

I'll SEE

[azadar]

First day of my 3 months seed/cherry challenge and I already failed. Missed a few setups, caught a few good ones and made some mistakes. Tomorrow ill do better discipline wise. Account went up nicely but not proud of how I traded.

New rules for the next 3 months:
SL 1R Max Seed/Cherry 10points so MAX SL 13
TP 2R MAX TP would be 26.
at 1R MOVE SL to BE.

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