pulling the trigger day 13-14?

Well I am not sure about my trading method. There is somethings I need to correct or possable change. then again it is that mental game within me that is failing me. It is always about the chop that blows holes in a method. if it last for any time.

I need to fine tune the entery or just move my stops back and let it play out either way.

Pulling the trigger day 12

Today while I did well for a change. I am aware that I still pick and choose the crossovers. I am going to write down my observations of the market as it relates to the t channel set up.
  When the market crosses (over) there are only a few things that can happen with price.
#1 It will either continue on to the 2 target levels and maybe beyond.
#2 It can chop around over and under for around 3 or 4 closes and before it then it moves off towards the outer or inner bands in some direction.
#3 Or it will completely reverse and head off into the other direction making its way to the outer bands and maybe beyond
So while this may seem like alot of possabilities. I have come to observe that if one just takes his entries and be ok with getting stopped out that over the group of trades for the day that good results will be had.
As in the game of basketball there are many shots thru-out the game. some missed and some (in).I must view the day as many trades instead of the one, to win this game of odds (in)

It is #2 that the mental game is most at play. It is what causes me to want to avoid and to pick and choose the entry.  the problem is you never know what will happen and are often left behind. It is better to have taken the shot and miss, than to not play and miss out on the wins. as the misses are not as many as the wins.

As I watch the market  moving thru the t channel methodolagy I am become aware that it may be better off to be trading 2 contracts taking profits at xx and letting last run.  but I will stick with my plan as it is more of an exercise in following a plan without fail.
Though looking at things as a professional would, I can see moving the target to 4 pts would be a good thing to do. And just taking the 2 pt stops like a man.

pulling the trigger day 11

If I fail to take trades and not enter there is no point in trading.
if I fail to take trades and not enter there is no point in trading
If I fail to take trades and not enter there is no point in trading
If I fail to take trades and not enter there is no point in trading
If I fail to take trades and not enter there is no point in trading.
I have to get in because you never know if a trade will go my way or not
I have to get in because you never know if a trade will go my way or not
I have to get in because you never know if a trade will go my way or not
I have to get in because you never know if a trade will go my way or not.
I have to get in because you never know if a trade will go my way of not

Pulling the Trigger day 10 (Already)

Monday,a slow day  but i made my three live trades. It seems to be getting easier to see the close that is my time to act. and to just push the button. that is the time that i am trading and feel like a trader. I find it easier to just cover the dom and chart when in as there is nothing i am allowed to do anyway. and let happen what happens. the results are usually better for getting the target of 2 pts then bailing early. I realize that if i fail to take trades that there is no point in trading. I think if i just focus on this simple exercise my fear of entering will become a distant memory.  I need to start taking all the signals instead of pick and choose. As one does not know if one setup will be a longer swing or a short one. they just happen randomly.  it is important to remember that a losing trade is usually followed by a winning one as failed means weak price to xx so market will react the other way farther.
I am also journaling every day so far so that keeps me focused on the task at hand.

brick by brick  

pulling the trigger day 9

Tired but need to write something so i always do this every day.  I seem to be less fearful taking trades as i am realizing that the odds of my edge are in my favor. I have also realized that taking the trades moves me towards my goal.  sticking with one method, one set up, my skill set is able to see the signals as that is all I focus on.  I am learning a skill of pulling the trigger -baby steps. i will continue as I am.

brick by brick

pulling the trigger day 8

When I view trading as a way to make money. I am always reminded after a day like today, that all the other work that I do is alot of work for what little pay there is compared to taking a couple trades a day,  All I need is to trade my method and it starts by  pulling the trigger.  when the close on cross happens it is my time to shine. my time to grow as a person by being in control.  I cannot help the wins or loses they just happen randomly. I just need to anti up and wait to see what happens. It is what I want to do for a living.  when the closes happen it is my job to react.  I can sit and watch price go my way most times or go crawl under a trailer sucking fiberglass. the choice would appear easy!
Today I watched in fear as four signals happened.  I am thru being fearful. let tommorrow come so that I may start moving forward with my trading.

Pulling the trigger Day 7

Well crap,  you would think I would be getting a little less fearful. I took the first trade, flinched and market spent the rest of the day moving down without me.
A trend is when one could enter at ANY time during the day and walk away and make money.
A fearful trend day is when one sits and looks to get in but worries all day that when he does the market will reverse.
I am seeing that trying to enter when one sees a close on a crossover that it moves rather fast after that and it is almost too late to get in with a stop that is easy to swallow. I must learn how to dance when price is showing the dance floor.
 I must figuare out how to trade with less fear or fail at this trading thing.

It is either trend or range  I must view my charts as possabilities rather than failures everywhere.
Ok three more trades let the odds in my favor play out. no more flinching as it messes with what possably might need to be changed for success.

pulling the trigger day 6

Having seen signal after signal work without me. It has become clear to me that just BELIEVING is what is needed to start just pulling the trigger. a few losses but the winners seem to out weight the loses 4 to 1.   the more i write out the trades possable each day i can see  on the chart end of day that I am the only one standing in my way of good trading.  the method is sound. the risk stops are in place.  i just need to let the plan perform as it is visually seen to do so.  I will take the first 5 signals and just see what happens.  thats it  see what happens!

 

For the record I did take my 3 live trades today. the first two I bailed b/e  the last one spiked quickly against me.  But I at least pushed the button.  will hold as that is the plan!

pulling the trigger day 5 Monday

Oops I did it again, is that a song?  I managed to make 3 live trades again today as my goal.  to just take them regardless of results  i mentioned that one was a loss and that it was good as it took the pressure off of an all win record. dont need that kind of pressure. There is a certain happiness to just taking trades. I feel like a trader.  I can tell that using the same method and signals that I will develop a HABIT of trading one way. being able to see what I did and what is possable help to move me forward.

pulling the trigger-Day 4 Friday end of week

Today I did 2 live trades out of  8 signals. Having settled on a method for along time that is mechanicial, I know it works so next week again, I am playing T-ball (for awhile) to develop the #1 habit. entry/pulling the trigger. actually participating at my selected time/price.

Goal- to be able to place ALL trades when a visual signal is seen   first to just take all the entery signals  then to be able to do them with out hesitating,questioning,sweating and all the other out of state of mind crap that goes on in trading.
Till I am able to form this (habit)- expectency, lot size or discretionary trading are to be habits formed later.
Next habit to form.  hold for preset target and stop

NQ  1 contract  2 pt stop  2 pt target   entery - mc close crossover   printout chart nightly of signals seen and those taken.  mentally dwell on positive reasons that will release me from my fears to enter.

Listening to FT71 past webinairs are helpful to guide me in what steps are needed to develop into a consistantly profitable trader.
http://www.futurestrader71.com/Webinars/2013-09-10%20Big%20Mike%20Trade%20Expectancy/2013-09-10%20Big%20Mike%20Trade%20Expectancy.html



Brick by Brick

Habit-pulling the trigger Day 3

Today I took two live trades. gifts or profits it doesnt really matter. But i did push the button.LIVE
going to work on meditation.  and will make it my goal to become DETATCHed from my trades.  Meaning?  take one trade  when its over. three second of fume or glow,  then next. 
Tommorrows goal--  take 3 trades live.  results don't matter.  just trade signals in the plan.  there seems to be around 15 or so signals each day.  try to trade the first 4 or 5.
thinking about using the extra morad room for practicing mechanicial trading.

Habit - Pulling the trigger Day 2

I managed to do all the things on my habit forming list. except the all important goal of taking the first three trades.  Having listened to webinar from FT71 it has finally sank in as to what trading is really about.  I have a good method and it will make me money. it is just a matter of what FT71 says.  Just take the dam trade.  This will be my goal for Dec 5 2013 to push the button when I visually see a crossover of my signal line and close on bar. The one thing about this method is that there is not guessingon entery stops or targets. all are on the chart.
I will be making a check list or syllabilis of what things I am to do thru-out my day starting on getting up till bed.
Called
Habits of me the Trader

11 trades possable today.  only 2 failed to make it to xx first target.

New start ? Awaking up to reality

Today is Dec 3 2013  If I had a nickel for everytime I started to journal my trading I would be rich.

I have been at this a very long time. And thinking about it i realize a few things.  while more money would be nice. it would not make me any happier. I would probably not go on more trips. I would be nice to help out certain causes. but mostly it would be nice to know that i am able to do something that most fail at. To be able to control my state of mind well enough to trade without fear or stress, knowing that the trader I now am will evolve into the trader that I know is possable within me. it is a matter of seeing the goal and filling in the blanks to get there.

The following is a list of daily Habits that will help me to be the person that I am.

 

#1 I will get up a half hour before market open

#2 I will make my bed

#3 I will take a shower

#4 I will trade the same chart set up that I have chosen out of the hundreds. as it puts the odds of profits  in my favor. 

#5  I will never sim again, even if this means sitting, staring at a live dom

#6 I will print out a chart  everyday with the trades possable or made. and any thoughts written on it.

#7 I will post a little something here each day just to develop the habit of being disiplined about something for a change. 

 

As my biggest and current issue is: fearing to take a trade, I must figuare out a plan to get thru this.that may mean to trade the m6e with the idea of just pushing the button to be in a live market.

I will do this the rest of this week realizing that this has nothing to do with winning or losing but to just respond to the visual chart as a machine.