yale student

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paweldobkowski
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Re: yale student

Postby paweldobkowski » Sat Jul 13, 2019 12:05 am

aliassmith wrote:
paweldobkowski wrote:
aliassmith wrote:Pawel,

Are you still out there, I have a curious question.
Maybe others can learn from the answer or maybe not.

You traded a lot of live trades and killed Crude in the process.

So has anything changed since you stopped posting live trades?
I know you was posting for that "Accountability Factor", do you
find that you trade different with or without it?


hey Alias!
took a little vacay
but im still around

thats a great question indeed!
i do trade different now (i think)
well there is a weird process i went through

there were some "bad habits" i got into BECAUSE of posting
i.e. holding onto trades for too long (most of the time)
because i didnt want to spam the board with 3 - 5 tick scalps
so i had quite a few 7 - 9 ticks winners turning into around BE
so i fixed that immediately when i stopped posting
but it backfired!

turns out when i do that i tend to start cutting everything short
its just easier for the head to deal with
holding for 20 - 40 ticks or more is just hard
my hit rate went a little down
and i noticed a cut in profits

that wasnt cool :wink:

so i went back to that overholding mentality
and that fkn didnt work either

and finally i realized its about holding little more than comfortable
SURE
but most importantly it was about focusing on the work
when i was trading here live 100% of my attention went into this
i was scanning levels
looking for opportunities
watching trades unflod tick by tick etc.
and its hard to maintain that without that "Accountability Factor"
its natural to get distracted and make shortcuts

i think people are bullshting themselves
i think most of the traders get into habits
and they repeat them without thinking
i remember vividly
people in props playing poker on one of the screens while trading
its not that it will kill you
but 100% focus made create outstanding results here
(at least for me)

so yes
i trade little different probably
but more or less im back
i just split my day into digestible parts
1 - 2 hours of full concentration at the time
more breaks etc.

i will be coming here back shortly probably to post more
maybe from Monday?

anyway how are You doing Al?


Thanks for the response. I'm doing well a good green week.

Just maybe your response can help someone understand having accountability could be beneficial to staying on track.

And yes full concentration for a hour or 2 with a break is good for scalping. It takes a lot of brain energy to make decisions every second. Plus coming back is like getting a fresh perspective.

Ok I'll look for you Monday.


good to hear that man


yes
being honest and sharing makes keeping standards easy
as Warren Buffet once said, i paraphrase again
but it went something like:
"i tell my employees to only take trades they wouldnt be embarassed to share in the newspaper the next day"
he said he's ok with any trade that passes this test

OF COURSE
there are people who would post brainless trading
and just dont give a sht
but i think at this point trading is not their biggest problem :wink:
im gluten free intolerant

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dchappy
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Re: yale student

Postby dchappy » Fri Jul 19, 2019 3:30 am

aliassmith wrote:
paweldobkowski wrote:why you wanna stop?

i had similar concern doing this i think
i was wondering if im not distracting people too much
is it that?
or you got your own reasons?


Well it doesn't add much value to tell people how I did.
Your thread was interesting to follow along.
It had value when we had our "fake" contest :wink: , when you was posting the live trades.
In the end you learned to demolish Crude and we had some fun.

Well, I'm still following you ....still trying to get my head around " order flow ".....

dchappy
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Re: yale student

Postby dchappy » Fri Jul 19, 2019 3:43 am

BTW ..to get around the " no hedging " rule in futures ..I have been entering the ES with a mini micro contract and then adding in with the mini ES when the direction becomes clear ..just a simple way to limit drawdown ...

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dojirock
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Re: yale student

Postby dojirock » Fri Jul 19, 2019 8:39 pm

Bingo, micro's are great, they enable stacking and or closing partial positions. I have been utilizing them also!

Good to see you DC

doji
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

dchappy
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Re: yale student

Postby dchappy » Fri Aug 09, 2019 7:29 pm

dojirock wrote:Bingo, micro's are great, they enable stacking and or closing partial positions. I have been utilizing them also!

Good to see you DC

doji

You too Doji ...these last few months in the ES .have been unbelievable ..haven't seen these types of moves in yrs ..Good trading to you ...

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