On my exciting and amazing journey to the stars.....

[Ajax616]

The step of renunciation of dying  in one's life is essential to being reborn as someone who sees. - WS Mervin

[Ajax616]

Your reality is nirvana.  It is your ignorance that makes you think you're separate by turning off the Universe.

We are burning craving and desire, we have to put the fire out.   - The Buddha

[Ajax616]

"I am leaving your teaching, because it doesn't tell me if there's life after death or there's another world."

"Did I ever say I would give the answer to those things.  Because these are things you do not need to know.  The things you need to know is how to deal with suffering, because at this moment what made you ask that very question is suffering." - The Buddha

[Ajax616]

The Dilemma or paradox of BHI has came back to even the score. 

That's okay, because I deserved the lesson when I broke my own rule and then I was dancing in it when it went in my favor. 

It came back to even the score in the form of DVN and SWK.....I will never execute a trade like the exit of BHI, DVN, and SWK again.  It is too laced with desire for results.

My solution that works, and benign of emotional content, is a moving stop.  For example for BHI, put the stop two points lower, for SWK, I had my stop already, but I overwrote it, and with DVN, a moving stop would have worked beautiful

The best thing about this solution is that it allows me to be independent of results, and keep my mind......Than k you.

[Ajax616]

Thank you Linda Raschke:

http://www.youtube.com/watch?v=wsH6fWVP3Z8&feature=related

[Ajax616]

Thank you for the lesson:


Zen and the Art of Trading

I am a trader.

I have a plan.

I follow it.

Trading is boring.

Perhaps Zen is boring.

Perhaps boring is good.

MUTs are exciting.

Perhaps exciting is bad.

Yes.

Let me first state that anything I say has worked, or not worked, for my trading, and my trading only.

It may have absolutely nothing to do with your trading and any implementation of my thoughts toward your trading may make it worse.

I have learned that I will not get all the moves in the market place. I have always theoretically known this but have not been able to implement it. In other words I kept chasing the "missed" trades.

Curve fitting a system to take yesterdays missed trades is idiotic.

Have I mentioned humans are stupid?

Dr. Brett Steenbarger states one of the keys to trading success is recognizing when market conditions change and then adapting your trading technique to the new conditions.

I disagree.

I can't do that, I wind up chasing last weeks market conditions in this weeks market.

What I have to do is use a plan that has minimum and maximum conditions in it. Before my plan always had minimum conditions to be met in order to trigger trades, it now (last 5 months or so) has maximum conditions as well. I could call my system the Goldilocks trade. I only want the porridge luke warm.

So there are more days now when I just sit here.


I sit here and do nothing.

The results have been nice, higher win rate, higher RR, less trades, less comm, and a sense that I have a niche in the market, a niche that works, I just have to sit here and wait for it.

    “I've wondered why it took us so long to catch on. We saw it, and yet we didn't see it. Or rather we were trained not to see it. Conned perhaps into thinking that the real action was metropolitan and all this was just boring hinterland. It was a puzzling thing. The truth knocks on the door and you say, "Go away. I'm looking for the truth." And so it goes away. Puzzling.”

    Robert M. Pirsig

[Ajax616]

INTU  2/16/2012.

Should I stay from this pattern?  Or grade it lower?

Breakout that is over extended.



Similar to MRK.

[Ajax616]

A bullish Trigger on a weak day signals a very good long candidate.


A bearish Trigger on a weak day signals a very good short candidate.

[Ajax616]

No one ever made it to my job by taking stupid risk - From the movie 'The Adjustment Bureau'

[Ajax616]

The little reasons for failure.

I guess what has really been bugging me was the little reasons for liquidating my positions.  The little reasons, that are not consistent with my exit rules.....  The problem with these little reasons is that by listening to them they allow human emotions to creep in and eventually take over what is a very good and well tested exit strategy.  By listening to the little reasons, one is already factoring fear and desire, one of the greatest reasons for failure....My failure to execute DVN became from the likes of BHI, SWK, and OMC....my resolve was already weakened by  compromising for the little reasons.

My overall system is very good.  It is the best I could come think of, and:

I will execute my trading plan, exactly as tested
I will be absolute to my trading rules, at all times (regardless what the market is showing)
I will do my home work and review

I will always remember to execute my plan, independent of the little reasons.  They can do nothing but lead to failure.  The little reasons are struggling, trying, effort, or force.   Zen in trading "Just like archery, whenever there is effort, force, struggling, straining, or trying, it's wrong."

[Ajax616]

I am getting better.  I am executing my strategies better.  Despite set backs, my progress is getting better.  And it will continue to get even better.

[Ajax616]

Thank you Ed.....

Trading Tribe Member Philosophy

 

Trading Tribe members tend toward a common set of beliefs.

I like to promote the personal growth of all members.

I like to be intellectually and emotionally open.

I have mastery of basic trading concepts.
   
I like Freedom, Free Enterprise and Capitalism.   

I like to show a profit.   

I commit to consistent attendance.

I like active listening, mirroring, pacing and encouraging Fred.

I use intentional language:

Feeling-intensive.

Grammar: SVO-p: Subject-Verb-Object, present tense.   

No Direct Questions, especially "Why?"

Share feelings: wonder, confusion, curiosity.

No judgments or advice or name calling.

No direct advice; no use of the word, should.

Validate feelings of others.

I realize results indicate intentions.

I use problems as entry points for growth.   

I Follow Trends - and don't try to figure out the markets.   

I let winners ride and I cut losses and I manage risk,   

I believe in holistic evolution, not linear causality.

I celebrate my feelings.   

I care about the feelings of others.

[Ajax616]

The market will stay irrational for much longer than you can stay solvent.

Re: Two trading mistakes which will destroy your account


1. Knowing you're right in your analysis, but the market is moving against you.
2. Trying to avoid missed opportunities

[Ajax616]

Thank you for an interesting 2 hours.

http://www.youtube.com/watch?v=VT50SV3W5K0

[Ajax616]

Could it be that you're on to something with Entering a pattern too early?  Thank you for bringing it up.