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Showing content with the highest reputation on 09/02/2019 in Posts

  1. 2 points
    This is so true Mark, instead of beating ourselves up we need to look at it as opportunities to improve and learn from them. Daily Trading Coach is an amazing book must read for anyone that has not yet.
  2. 1 point
    @Glenn Buddeyes, please add guests and thank you @JD for the updates! @Steph Amazing reminder! Please stay as safe as possible Floridans!
  3. 1 point
    Mark I read and analyze you journal every day. It was quite easy to see you trading has improved greatly this month. It was like you added more dials to turn to your systems. The red P/L is just the time it takes to learn which knob to turn and how far.
  4. 1 point
    thanks Glenn, you too. i used to be harder on myself too but i learned from the daily trading coach that it's more detrimental to your performance to be negative in your writings. I try to keep my journal tones the same as i would giving advice to a friend, though easier said than done.
  5. 1 point
    August Recap Hope everyone has a great holiday weekend. i've used this long weekend to do some extended research on my trades for the month and see where i can improve. I started a new spreadsheet that shows trade outcomes in my own words to try and better grasp areas where i can improve my trading. this is still a work in progress but here's how it looks for August: As i've been discussing this week, i'm picking stops that are too far to make my profit targets. So one of my major focuses for next month is to take smaller risk but still have the risk level be a resistance point. My "original target hit before stop" needs to be double what it was in August in order to be profitable. i'm comfortable with my low win rate to get 3R winners but i'm not comfortable with having unrealistic profit targets. Another issue i've noticed is my lower than average win rate between 9:30 and 9:45. the average up-draw is only 1% which means these trades are never going in my favor. i would be better to do the exact opposite of what i'm currently doing during that time frame. i'm a little torn on what to do about this because i know that's a crucial time for big moves but it's obvious i'm not good at trading this fast market action. My options are to not trade then at all or trade sim during that time. i think i'm going to avoid trading then next month all together because i don't know how to quickly switch my hot keys between sim and real and i don't want to accidentally get in to a sim trade when i want to be in a real one later in the day. i will also look in to seeing how to quickly switch hotkeys from sim to real so i can sim trade 9:30-9:45 then real trade 9:45+ There's another area i can improve that i have been doing better at and that's trade management. it's tough to know when to get out of a trade and when to stick with it so i'm using two objective markers to get out of my trades. the first is a 5min shooting star/hammer after a new high or low of the day and the 2min engulfing after breaking the high or low of the day which usually results in a 5min shooting star. if i'm in a trade and i see either of those two, my plan is to get out at the best price but before my stop. otherwise i hold the trade. psychologically, i'm feeling the best i've ever felt about my trading. i've graduated from bleeding money to pretty much break even. i used to have days or weeks with just fear that i was going to lose all my money and now i don't feel that way at all. i'm gaining confidence in my setups and more importantly, my trade management. i can see signals once i'm in the trade that tell me it's not working so i can limit my losses instead of seeing them and just ignoring them and hoping i don't get stopped out. Acting on these signals to exit a trade makes me feel in control and less stressed because i have a plan and i know what to do. so if i'm confident in my setups and i'm confident in myself to exit the trade on specific signals, there's nothing to fear while trading.
  6. 1 point
    Hey guys and gals, fellow Floridans, everyone please take precautions. No matter where you are. We all know how unpredictable these storms are and it Dorian has potential to get nasty. Be prepared. Just in case
  7. 1 point
    Some more icons created, included in the pack here: https://drive.google.com/open?id=1zoTI4RAYK0GRGmkVt-NQA3V9czg-UKHV
  8. 1 point
    Hello everyone, First of all I am delighted to join the community. French, born in 1981, happy in marriage and happy father of a son born in 2015 and a little princess just born in July 2018. My goal is quite simple: to get out of my job full time. Engineer in civil engineering I manage daily complex construction projects. It is interesting but I do not wish to make a career in this environment. I trained in swing trading for a year, without losing or winning fainal. As the markets are more and more unstable I prefer to evolve towards intraday trading. The US market opens at 3:30 pm in France in full working day and in the evening I have my family life. I have my Tuesday afternoon to trade quietly from home, the rest of the week I trade from a small laptop as soon as possible connected to the internet of my mobile phone. The challenge is very difficult. But I'm a fan of this quote: "They did not know it was impossible so they did it". I take all your advice and I wish you a very green success!
  9. 1 point
    Here's a screenshot of how I do it. You'll notice I have the button mapped to: CTRL+ALT+PgDown (ignore the title of F1, I never changed it). In the Settings > Profiles > I have a "Day Trading" profile configured and Application set to "None." Also note that DAS doesn't appear to support certain key presses (F13 to F24). I also uploaded my DayTrading profile here if you want to see it: https://mega.nz/#!Wgl2mA6a!l8cCkSJnh1c7eD6bK6VM2yE5U_DgfAd-9uAs8qEuGvw You'd have to unzip the profile and import it.
  10. 1 point
    Hi All, my name is Carlos M. I am 32 and live in Northern Jersey, few minutes from the NYC. After 12 years of working as a Senior Operations Manager, I was laid off this past December. My company purchased GE Appliances and moved to their headquarters in Louisville, Kentucky. I thought I would be more upset about the layoff but I had 12 amazing years, and I was ready to move on and try something new. The company gave us almost a year and a half notice, that was more than enough time to prepare. (Plus a nice $$$ for years of service and sticking around until the end :) ) As my work started to transition to the new company, I found myself having a lot of free time during the day. I always had an interest in trading stocks and this was the perfect time to start practicing and getting ready. I did another online course and trading that did not work out (that’s a story for another time), and then I found Andrew’s Book and Chatroom community. Signed up for the Platinum package, I did the simulator for about 4 months and when live this month (January 2018). Looking forward to possibly meeting up in the near future with others traders and continuing being part of this amazing trading community. Carlos M.
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