The SIGNALS work- just take them

JUST DO IT !

Baby Brick By Baby Brick

I made another trade today for 2 tics.  seems silly with the potential of whats  possible. but its better than sim trading.  It helps to have someone (Cap)in the same boat so to speak.  Both pathetic traders for the length of time trying. But I think we are move slowly forward together.  Today's possibilities.

Tried something else today while watching for trades.   Somewhat of a coin toss.  only difference is that I get to pick long or short. but it has to be right on the 1/4 hour of  every 15 minutes a trade.  2 pt stops  2 pt targets.  One does seem to learn things from it. You start to realize it is not about entry but letting the trade work out. As you have to leave it alone. you get to see the trade work its way about. I think over time it will teach me to leave the trade alone.  and to be ok with heat and to wait for profit.  I am going to continue to do it.  you get around 19 trades unless you walk off for break.  8 losers.  10 winners. So while not great win/loss ratio the entry is just guessing.  I think over time it will help with the current rsi method that seems to have at least an 90% win rate if targets are small.
Still inching forward. !!

Still at it.

Well I have been getting in some LIVE trades and I am about at b/e I think.  Still the usual fears of getting in, staying in, The thing is I think most traders have the same issues.  you would think knowing that would allow me to just be different and do what I need to do to be a good trader. I think it is just a matter of pushing the button wrong or right and just get used to being in the market. with all of the pressures of just being in a trade.  In sim I just get in when I see something and just let whatever happen and it usually works out.  If it doesn't then I am able to make it up if I keep taking trades.  Trade LIVE as you do SIM .

New Office

Well I will have to admit.  when one is is a small office all alone, one tends to focus more at the task at hand.  I also seem to focus on what I need to do to move forward with my trading.  Today i finally did it.  I made one live trade.  and took 1 pt out of a 6 pt move.  but I did it.  I am able to focus on the mental part of my trading and leave the tech stuff alone.  I will get this. and reach my goal  !!

The name of my business- Phils trading

I live in a 3000 sqft. house with just my wife, that I get along with like two peas in a pod and one old dog that doesn't bark any more. Yet for some strange reason I seem to need to trade in my own space.No matter where I set up my trading space I felt like I was in the way, to easy to get distracted, or guilty for sitting around on my ass.  So I have moved back to my old office next door in my shop that only I have a key too.  While I may be able to move back into the house someday. Until I can trade with the same mind set as I do when sim trading I am going to sit here and work on getting my errors down to zero and eliminate any thing else that is standing in my way of trading like I know I can.
Friday I made 1 live trade. and I know why it was a losing trade.  I tried to catch a bottom rather than just waiting for the turn and the swing to show itself.  So I will not do that again. As that is not my way to trade.
Eliminate error #1   NO bottom or top picking

Mic Please

Dear Mrs. FT 71,
Rather than ask for the mic- I am going to free your husband up for the time that I would be asking him the same question that he has answered for years.  May he spend that extra moment with you.
Why would I ask for the mic?  Well long story short- Janalee basically said.  You need to get on the mic and ask Morad where to find your balls !  So taking that statement to my mindful mind, I asked myself -what would he say. Probably the same things I have heard him say to others in the last year or so. And the same things he says in his early webinars.  So I have decided to take control of myself and apply what I am to do instead of continually relying on the advice of others.I will continue to listen to webinar # 3 (daily if need be) and the execution webinar till It sinks in and I can apply it as I need to.  If I can take 200 sim trades and make close to 50 pts on one contract. Then I am ready to move from sim to live and be fine doing it.

One of the issues I have had switching from sim to live is that I needed a chart set up that was more green light red light to give me more confidence in taking trades. While I can sim intuitivly . trying to do so live , I tend to just sit and let trades go by.  I have come up with a chart that allows me to take the trades I normally would but shows swing direction more bold than I seem to need in sim.  Todays results -

Just trade Monsterslayer and be prepared to take some falls in the beginning and get your footing and fears under control.

Viewing a trade as a working area

When I talk to traders that are actually making money, I find out that they have one thing in common. They don't use stops and they view one trade as a series of trades.  Usually adding till price swings around, getting them a profit finally. While I am not sure I could trade that way or want to, I will have to admit that I tend to do that on sim and it has turned most trades into winners.  Yet when you do that against a major up or down move  you get screwed big time.  I think I will continue to use a 2 pt stop and just take my medicine if hit.  I seem to be able to get my goal if I keep chipping away and just take low risk trades as I see them.  Unfortunately that usually involves just reading price action and context and as such I tend to feel I don't really have a method.  But I have found most (methods) suck. But if I am able to daily get around 4pts  then I must have a edge and a method even I am unable to explain how I trade.
Somehow I must learn to see things when trading live as I do in sim.  The brain glaze must go away !!

Never Fight a Trend

When one gets a lot of losers in a row, One has to ask why ?  If I figure why and do the opposite then those losing trades should become winners.  I have come to a lot of conclusions today.  Forget what others are doing. Develop a plan on what I know and then just make it happen. I am here to make money not listen and try to grasp what others are doing. the market is not that tough to read.
Today I Lost because I was not following the longer time frame trend. And tried to pick bottoms and fade the trend.  that only works if you are looking for 2-3 tics profit.  Tonight I am sitting here, discarding what doesn't work and forming a plan that I can do and do well.  I can be a great trader. I just need to listen to me and trust in my knowledge and skill.

no more of this !

Floating Between Stage 3-4

I would appear that according to Morad I am in stage 3 -4 . probably closer to 3. What does that mean ?  If I just trade I can trade.  I don't do stupid things to much any more that would hurt my account.  All I really need- IS TO BELIEVE IN MYSELF THAT I AM A STAGE 4 TRADER. Trust in what I see. and the low risk set ups that come my way.  What is the issue with my trading ?  The Blur that happens from using a sim dom to a live dom. I must be aware of this and just take the trades and realize that I might lose 20 times in a row and be ok with it.

meaning less - other than proof that I am able to do it.

Todays homework- watch for 2000 and then back down on daily chart