Trading psychology

[Joules MM1]

here ya go GB ......no lines....current trades......cupla looks....

show us some simple set-ups ...they dont all have to be stella.....

.......later

to cap it off....closed

 

[tech/a]

.......later

to cap it off....closed

View attachment 54260

God after that you must be in therapy.

 

[Trembling Hand]

Thank you. We're all searching in our own way, are we not?

Yeah I guess we all desire something, in my case I have always thought the more the better .

Though I stopped searching for complexity where there is none a log time ago. Guess what happened.......?



Last 26 days trading

 

[tech/a]

Yeah I guess we all desire something, in my case I have always thought the more the better .

Though I stopped searching for complexity where there is none a log time ago. Guess what happened.......?

View attachment 54264

Last 26 days trading

You fired your therapist?
Gave up boxing?

 

[Trembling Hand]

You fired your therapist?
Gave up boxing?

Two hours a day of exercise clears the mind from trading and helps you smell the roses.

 

[Joules MM1]

God after that you must be in therapy.

after that.....i revise....and if i wasnt pontificating posting that chart i would have exited correctly

i know....lulz on me!

 

[5oclock]

Though I stopped searching for complexity where there is none a log time ago. Guess what happened.....


Wow TH , looks like your on to something-----thanks for sharing!!!

 

[Gringotts Bank]

.......later

to cap it off....closed

View attachment 54260

Everything has an art. Nice one.

 

[skc]

View attachment 54264

Last 26 days trading

Wow TH , looks like your on to something-----thanks for sharing!!!

Don't get too excited. It's a cumulative P&L over the last 26 days. No dbout a good period of trading, but not necessarily suddenly enlightened.

 

[Trembling Hand]

Don't get too excited. It's a cumulative P&L over the last 26 days. No dbout a good period of trading, but not necessarily suddenly enlightened.

No its daily P & L from worst to best. Point being keep it simple, find something that works and repeat and repeat and repeat. End result being way more positive than neg days/week/months etc. Which I think is what most people are after rather than a warm fuzzy feeling?

 

[notting]

Point being keep it simple, find something that works and repeat and repeat and repeat. End result being way more positive than neg days/week/months etc.

Yep!!
That's exactly what one can do.
You can make very good profits doing things that others overlook and doing them repeatedly.
They can seem benign and boring but they pay and pay.
You don't don't go running in the streets tearing your shirt off like some soccer girl.
You quietly go up the street and buy yourself a cappuccino.

For example during the GFC when every thing was just in chaos ALL was just bouncing up and down between Nov 2008 to July 2009 You could make 5 to 6 % on buying and selling it in very short periods. Once it broke out I lost interest. But that was a great period. I was luck to spot it early. I didn't think it would keep doing it. But it did, so I kept doing it till it stopped.
Sometimes stocks that aren't trending are the best trades around.

 

[skc]

No its daily P & L from worst to best.

Thanks for clarifying... I thought it didn't make sense to plot a cumulative PnL column chart.

 

[5oclock]

TH , any chance you can expand a bit more without giving away any top secret stuff???

 

[Trembling Hand]

TH , any chance you can expand a bit more without giving away any top secret stuff???

On what? I trade the HSI futures doing about 4000 - 5000 contracts a month. So basically I stare at a computer for 5 hours a day hitting orders all day. No secret.

 

[5oclock]

TH , you said you stopped looking for the complex and simplified, just wondering if there was any specific you could give as an example, thats all. Thanks

 

[boofis]

TH , you said you stopped looking for the complex and simplified, just wondering if there was any specific you could give as an example, thats all. Thanks

At a guess, it may be that he stopped searching for a holy grail and acknowledged hrs/yrs of hard work and learning your niche, whatever that might be, as the simple but important.

 

[Trembling Hand]

TH , you said you stopped looking for the complex and simplified, just wondering if there was any specific you could give as an example, thats all. Thanks

Basically what Boofis said.

Forget everything you know, H&S patterns, trend lines, oscillators, break outs, psychology babble, mysticism, manipulation on and on!!

Just observe a market for long enough to recognise recurring patterns in your market and timeframe and in what type of market phase they occur. Then figure out a positive R:R way to trade them. Then just work on refining the simple setups day after day, week after week. Boring as bat **** but somewhat profitable........ Then again some don't really want that.......

 

[5oclock]

TH , thanks for an insight to whats worked for you on the never ending learning curve !! We are confronted with so much info/news etc and to read a to the point no BS post from someone at the coal face is greatly appreciated. Thanks again.

 

[5oclock]

TH , with the HSI futs you trade , would it be fair to say that you have a smaller rather than a large number of patterns, and also do they typically stop working or just stop occuring after a while. I am guessing that there will be a number of patterns specific only to the HSI futs and maybe some that come up on other markets to?? Obviously i know your answer will be from your experince only and others may see a pattern that you dont see/use etc.

 

[Gringotts Bank]

TH , with the HSI futs you trade , would it be fair to say that you have a smaller rather than a large number of patterns, and also do they typically stop working or just stop occuring after a while. I am guessing that there will be a number of patterns specific only to the HSI futs and maybe some that come up on other markets to?? Obviously i know your answer will be from your experince only and others may see a pattern that you dont see/use etc.

I don't think you'll get anything useful out of Mr Angry. By the way this thread is about trading psychology, which the broader trading community recognizes as the most important aspect of trading.