ProchargedMopar's Trading Trilogy

[prochargedmopar]

Pro, with all these posts you're making, are you recording everything down into a journal?

Wins? Losses? Why you took the trade? Why you didn't take the trade?

What's your W/L outcome so far?

It's gonna help with your confidence and inrcease in position sizes.

If you're not the pen paper type and more visual auditory, try camcordering your experience but make sure you're disciplined organizing that with a excel spreadsheet. Go back to your recordings every so often.

It's just a matter of doing what's RIGHT.

So No,
This can be summed up in one word,
Desensitization.

But I'll still give a couple examples:

A plumber doesn't mind having 'crap' on his hands all day long.
What about skinning a deer? ​
How bout a coroner?
After a while they eat lunch with totally gutted HUMANS laying around.
Chop peoples heads off long enough and pretty soon.......Nadda.

"If you know better, do better" MO paraphrased

[prochargedmopar]

Mr. 'batty' said to buy.
Did you?

#aj4.JPG (102.1 KiB) Viewed 1311 times

#aj5.JPG (104.83 KiB) Viewed 1311 times

[prochargedmopar]

I'm out.

#aj6.JPG (98.49 KiB) Viewed 1434 times

#aj1.JPG (104.11 KiB) Viewed 1434 times

[prochargedmopar]

"If you can see loss, you can see profit" MightyOne

"Doing what's right, is DOING what the market tells you to" Pro

When the market goes up, Sell.
When the market goes down, Buy.
BUT, only when you are told to do so.

it ain't fun buying/selling randomly OR when you think it can't go higher/lower.
Ask me how I know.
Another thing, when the market is moving fast, enter at the open.
When the market is moving slower, enter at the Z or as close as you can possibly get.

#eu1.JPG (62.19 KiB) Viewed 1431 times

#eu2.JPG (74.59 KiB) Viewed 1431 times

[prochargedmopar]

My Idea of Fast n Slow.
Time of day makes big difference too.

#aj1.JPG (72.88 KiB) Viewed 1430 times

[prochargedmopar]

What is the market telling You?

"Bodies show the way, wicks show not the way" MO
"Closing Above/Below something" MO

Simply Amazing!!!!!

#aj2.JPG (81.38 KiB) Viewed 1426 times

[prochargedmopar]

I read a book long ago named A Random Walk down Wallstreet.

The Markets are random.

#aj1.JPG (69.16 KiB) Viewed 1416 times

#aj2.JPG (91.62 KiB) Viewed 1416 times

[prochargedmopar]

Trading is;
"Listening to what the market is telling you".

SIMPLIFY.

EU example:

Idea, go short.
Ok, this looks good.
Hold up, price closed ABOVE my new something.
EXIT with small loss OR reverse if price is above 'something' else.

Praying is NOT the answer.
Hope has never helped me either.

"A small loss is just as satisfying as a large gain" MightyOne

#eu3.JPG (83.15 KiB) Viewed 1403 times

#eu1.JPG (80.38 KiB) Viewed 1408 times

#eu2.JPG (82.8 KiB) Viewed 1408 times

Still holding?
You really don't want none of that!!!!

#eu4.JPG (68.88 KiB) Viewed 1408 times

[prochargedmopar]

Is this a shake-out?
What do we do here?

Depends.

Did you just go short and are holding a loss? EXIT.

Are you holding other peoples money and have grand Ideas?
Maybe you are willing to give it all back in return for attaining your goal??
Could be a "2nd something" close is your exit. HOLD (Hey, it's not ur money anyway)

What is your target?
% gain? Price Level? A Zero?

Maybe you want to use some OPM to increase the trades potential.?
You've still got room to zero em out. ADD

#aj1.JPG (99.59 KiB) Viewed 1398 times

#aj2.JPG (107.75 KiB) Viewed 1398 times

[cheunt3]

Pro, with all these posts you're making, are you recording everything down into a journal?

Wins? Losses? Why you took the trade? Why you didn't take the trade?

What's your W/L outcome so far?

It's gonna help with your confidence and inrcease in position sizes.

If you're not the pen paper type and more visual auditory, try camcordering your experience but make sure you're disciplined organizing that with a excel spreadsheet. Go back to your recordings every so often.

It's just a matter of doing what's RIGHT.

So No,
This can be summed up in one word,
Desensitization.

But I'll still give a couple examples:

A plumber doesn't mind having 'crap' on his hands all day long.
What about skinning a deer? ​
How bout a coroner?
After a while they eat lunch with totally gutted HUMANS laying around.
Chop peoples heads off long enough and pretty soon.......Nadda.

"If you know better, do better" MO paraphrased

You joined here in 2008, you must be desensitised by now for sure

Keeping a journal is another way to desentify yourself if you think about it. It keeps you on track and even with a simple ledger of 100 wins or losses you can see a huge amount of info about your trading. The info I am talking about is 'your brain.' Then you'll find like much of us, it's our brain that's stopping us from achieving much more in not just trading but anything, really.

"When traders are indifferent to fears, they enter a “zone” – a state of mind that many good sports athletes experience. They hardly have to consider consequences or second-guess themselves. They are in the moment of “just do it” and it turns out to be exactly what they need to do."

This is the holy grail of trading and not some colourful indicator you attach to your charts.

The above I copied from somewhere else, so the question is "how to be indifferent to fears?"

The answer is face it (just take the trade). And to pay attention to it (journal). And MO's quote, "If you know better, do better" (refine or keep same, up to you). The repeat. Then grow with power with every trade you take. I kid you not, you will grow in power because ultimately, isn't that how we all grow in spirituality? Money? Weight training ? etc....

Actually MO's quote can be interpretted a few ways but I think it would be better like this:

"If you know yourself better, do better"