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roztom
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Everything posted by roztom
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I did not see it as strong buying..it looked responsive to me and we didn't get back to the IBL even for a test..so I saw it as short covering only... "after the fact." The sell off was Initiative and there was no rotation as N noted..the only real rotation was the short covering... once again in hindsight... I considered your hold very risky but I also considered your target above me also risky... which off course doesn't matter... I like your 1400.00 target better than mine... There is no way to "know." IMHO.
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Well I certianly can't second-guess your trade.. as you know I stepped in @ 96.00 initially and paid for the privelage off CLVN 94.25... it was terrible trade location and my risk was below that NVPOC.. Quite frankly I didn't "think" that NVPOC would get into play... :crap: As far as buying it there @ NVPOC that was "the" place IMHO.. Like you, I was not comfortable that it wasn't rejected.. One thing I had high confidene in was that if we could hang in there that eventual short covering would get us at least into where the stops were and that to me was the high probability play... My thinking was that short covering would lift us into the close - which it did... After that, I did not know if true initiative buyers would come for it - no clue.. I think that trade we took was a good trade... Many good trade locations will scare the crap out of you.. especially a potential Responsive one like that.. but we did hit a key number... it made sense to me... The targets on the other hand are something I always fight with.. I abandoned my shorts from up near the HOD yesterday and left a substantial profit on the table... How was I supposed to know the trade potential since it doesn't go in a straight line... I do not have an answer for that - yet..and you all know that is still an open issue for me :doh: Josh: You did a whole bunch right on that trade. You held it longer than I did to the next number up from my exit... Hindsight being what it is...maybe next time you just take it off the table and not carry the risk overnight since your potential for a couple points was not worth the potential risk... but this is hindsight.. and you know that's easy...
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Agree & Thank you. One of the reasons I started this thread was to gain insight into this side of our minds. I believe it is a given that there is a huge potential if we can identify true insight from superfulous emotional mind chatter - fear & hope. General Question: I wonder if there is a way to recognize the right brain "unconscious competent" and not get misled by the reptilian or base survival instincts -fight or flight and the commensuate emotonal states... Is that flash of "I better abandon that trade now" based on fear of loss or genuine insight that a move is ending eventhough the target or insight you had about it's potential whether rule based or gut hasn't changed "consciously?" To be more concise, how do you recognize the difference? Have any of you been able to differentiate that "mindfulness" from emotionally generated self-defeating behaviors? How do you differentiate?
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They have videos at MarketDelta.com plus on YouTube..
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As far as these books go: Would the posters please prioritize which books they found most helpful for the actual process of developing and integrating these skills as they apply specifically to Trading vs. Generic Concepts.. Thanks
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I had to "work" for it today.. I was down on the mat on one knee... really frustrating given the range we had... Fortunately it turned into a decent day but it "should" have been a great day... It doesn't take much to get behind... There is no way I anticipated we would get to the NVPOC @ 92.00... today... Just getting to the CLVN @ 94.25 was a reach imho so I went long @ 96.00 & puked and then rebought... YOu only got to drop 2 pts per car a few times and then you are trying to crawl out... I hate when that happens and you got to keep your emotions in check and not try to "get even" with the market... just go with the flow... When you step in front of the train like we did - it can be gut wrenching... it's really hard to tell if it will be a brief bounce or a bottom.. NVPOC was the key..if it went through I'd be moving out :helloooo:
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Holy Guacamole !!! Nice... I would have thrown up on my keyboard.. :crap:
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I hope you get it..but "they" are busting your chops...
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Well 50% / mid-point 1400.5 then CLVN 1401.75..you are htreading the needle...
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Well, I punched my ticket..I have pulled the rabbit out of the hat.. hope it continues your way if you are long..
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You know, I think that is a question related to structured training... I have long considered it but my discipline had closed that path as a formal consideration. It is just something that has been happening for years...but I chose to just leave it alone... I am fortunate to have sat most of those 30 years in front of a screen so a lot fires off in my head. My friends who were Floor Traders and have moved to Screen seem to still act by instinct since that is how they learned the business..I was always a Screen/Chart trader..so I was more of an analytical and back in the day there was no off floor daytrading of any consequence... I am most interested in this and appreciate your contributions...
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From your lips to the Trading God's Ears... :doh: 97.00 some Res & 95ish some support...
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Well if this trade fails -I'll be right there with you.. This trade will determine plus or minus for the day... and these are not high probability especially since we seem to hanging down here... Got to hope some shorts want to ring the register but they don't seem too anxious at the moment... If this bum gets going I am looking for 97.75 and I will gladly leave the rest for someone else - assuming we get there - which I am not assuming at the moment... BTW: the 97.75 is where all the close stops will be piled up so I see that as an attractor..after that it can keep going but that IMHO is the high probability target...of course - clueless...
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Where would you dump this thing? They haven't let up yet -hopefully soon... We do have Delta trying to turn here... but let's everyone press the Green Button... Please...
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GOt long 93.00 not euphoric at the moment but if this is any good that would be a spot to step in front of it.... These trades are very high risk but can also be very profitable... My first target is the stops at 97.75 this will be a clueless trade unless/until we get up to that area, IMHO. This is my last shot at a long...
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I am not sure if you are asking me or Laurus12 the question. I have committed no time to this part of Mindfulness other than my interest in it. I have had to deal with the emotional challanges of trading along the way.. even with over 30yrs trading experience that is still a work in progress. I started this thread since I often have these flashes of insight but find them in conflict with the discipline I have worked so diligently to achieve. Yet, they seem to have value and I am interested to see if they can co-exist in a productive framework that can be applied to Trading.. The question here was not for me to try to "re-invent the wheel" but learn if others encounter this and have harnessed it or explored it with a positive outcome. I believe we are accomplishing that goal.
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Thanks for the info..I'm sure you are aware that we must be careful not to promote any commercial services/Vendors. Being mindful of that, I did ask and you were kind enough to respond. Thank You.
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Thanks for sharing..Is there any material out there, other than "Trading In The Zone" or some other books on Sports analogies that specifically addresses this area that is able to be used by mere mortals without specific training in this area that you or any others reading this are aware of... ? Tx
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Flat 95.25 but waiting to see how this plays... hope nobody thinks I have a clue because I don't.. If we happen to break..I will be looking for a long at the 92.00 area... if we get there... otherwise Hail To The Longs...
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CLoses that have not been closed from Gaps..just me: Not sure what to call them. I see them as obstacles since at some point there was agreement on price at that location... and the market needs to come back and test them...
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Had 2/3 position on, scaled 50% +2.25pts...since I took a stop on my previous this is not going to do much to get me back to where I was before this depending on rotation there might be more in this especially if we can consolidate going into lunch... This is typically when we get counter-rotation for potential continuation rotations wiht the current daily trend... (maybe not today? That was strong Selling..ACH) My stop B/E on last 50%... Clueless as usual... :missy: We have some singles in here & a lvn @ 99.00 & some stops 1400.00 area...mid-point 1400.75... I will be looking to pull the plug on this up in that area... just me..My personal theory is what will attract the market to do business..it is where the paper is on the other side..of course I might be hullucinating... :helloooo: IMHO this is a stand in front of the train trade..but ACH - right? Getting long was like catching a falling knife - OH!! look there's blood coming out of my P&L... :doh:
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Long 96.00 Hate to try to pick bottoms:confused: GOt stopped , repositioned 94.00
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Well I bailed on my short and left 2.75 pts on my last 1/3 on the table... GRRR ..I'm SOOO smart...:crap: 97.75 is open close.. then 94.25
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I suggest we buy them in bulk and give them to everyone who posts here... and actually trades... I also need something for my stomach since I occasionally throw up on my keyboard..
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Here's the question that I still wrestle with... I have a target down below as you know I see evidence I am going to get rotation against my position. Of course I do not know how far.. I suspect it will rotae for some stops but as we know it can just not get that far and then continue down... Soo... there lies the rub... Hold for the long ball & risk B/E or bail, like I did and see if we rotate and look to position higher or after the stops are popped... of course no guarantee either will happen...NO GUARANTEE !! :crap: EDIt: Well, we just hit my target @ 99.00 soooooo... :crap: