The Monster Within Me

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The Monster Within Me
There is a monster within me. His name is Phil. These are the journal's that will record my battle with the monster and his attempt to keep me as a losing trader. But I will prevail and learn to control this monster within me. I will be a great trader, I will be in control of who I want to be.
I will SLAY THE MONSTER within me so that it can no longer control me and my thoughts.
By becoming an Observer of the self, I give authority to the Empowered parts, to be all I can become.

Brick by Brick

Monday, February 29, 2016

Needing a little less Discretionary set ups

The trouble I am finding is that the signals in live are not as clear. Sim for along time one tends to just get a feel of it and the emotion doesn't get in the way. I think I will revert to using a price pattern I have observed over time will make the set ups or black and white.  Then I will know when to take a trade and when I have failed to do so.  the pattern also gets me in (with) the momenteum..

Friday- I did make $23 real live dollars and felt like a real trader. A long way to go  but moving forward !!



The pattern  -  long term trend    short term trend  same.  A LH or HL is what it means- a market to weak to break a db or dt on the pb so have an order waiting for the pb trend line break . Usually good for 1-2 pts.  All I need is  3 trades for 1 pt ea. Will work towards taking the trades. To get used to just taking them without fear or stress.

Thursday, February 25, 2016

Stop Loss. To NEVER be moved again

Today's goal was to take 3 trades. 8 tics to target or 8 tics to stop.  Boy do I have a way to get to that point.  Couldn't even trade live. went to sim to find out what was the difference. It all boils down to seeing a possibility and just take the trade/taking a chance.  I always do well in sim so I need to mental have the same mind set when live.  In keeping to move forward- Lets just take ONE live trade for 8 tics good and take the stop for 8 tics if need be. Just wait for a good set up !


I will make the baby steps smaller if I have to, till I succeed at one goal and then increase the goals
Goal for Feb 26 2016
take one trade and hold for 8 tic target or 8 tic stop. And be mindful that the trade is just one of many over time.


Wednesday, February 24, 2016

Monsterslayer- not

Today market broke out of range and went close to 45 points.  I got  0 tics on one trade. and that trade was the perfect entry at the bottom before the big up move.  As I sit here thinking about how I trade in sim versus when live. It is because in sim I just see something that has the potential to work and just take a chance.  When live, I don't seem willing to just take a chance but look for confirmation.


SO HOW DO WE BEGIN TO OVERCOME THE CHALLENGES INHERENT IN AN UNCERTAIN ENVIRONMENT ? THE ANSWER IS TO SEE A SIMPLE BIAS THAT SKEWS PROBABILITY IN ONE'S FAVOR OVER MULTIPLE TRADES.

Tomorrows goal - to take 3 trades letting the stop or target get hit, with the above constant mind-fullness.

Tuesday, February 23, 2016

Perfect Execution

My trading has boiled down to the mental side. maybe it always has, but I can see that it is the only thing left.I have a fairly good market read, I have a method that I can stick too.without having to change the chart every week. I have the discipline to only take actual set ups. What I fail at is just taking the trades.

There are two trading statements that I am going to focus on.
1)  It is not about the money, It is about perfect execution.

2)  A edge is nothing more than the odds of one thing happening over the other.

As a trader who has major trouble with pushing the button, taking the trade. I find if I focus on those statements that it tends to help..Focusing on just perfect execution of my method and every aspect of it, and making it a game rather than a money making endeavor.


Starting to journal - Once again !

I think I am realizing that there are certain things one must do if one is to be serious about their trading.  I have the skill set. I have the control while in sim. It is now time to do the same live.  I must be committed to this to succeed.  The monster within me has control and I will defeat it.


I am going to quit trying and just do it !!!  results of 200 sim trades shows I have an edge.





what is my edge ?  only take the low risk trades.  lol  well that really is it.  What do I mainly look for as I watch the chart.  I look for what I call rubberband moves. I am not going to explain it. I just know  when I see them.  What else ?  well to be honest and somewhat crude.  I see the Market Profile thru a mans eyes. I see it as a Breast.  The top and bottom of that breast are the edges and like any guy, the goal is to get to the nipple.  And the nipple is where price likes to hang around.  The trick is to wait for the breast edges to show themselves.  Which means not trading the first hour usually.  Realizing of course that some days there are 2 busty breasts forming or other types of forms.
Why am I writing that down ?  So that when I question where or not I have an edge, I can say yes here it is and it has worked for 200 trades. It is my method of taking a little out of the markets each day . I seem to average 5 pts a day with 1 contract. Or at least try to make that my goal.
I have run out of distractions that take me away from the real issue.  PUSHING THE DAM BUTTON