CLICK HERE FOR TONIGHT'S 28 MIN ENHANCED COMMENTARY VIDEO COVERING TWO DAYS IN HD
Overlays from Jan 19th and 20th and trades from Jan 19th tonight. The VIDEO is enhanced and 28 minutes because there is two days worth of coverage.
The blog is getting tons of hits today. I think this is because many are wondering how I have traded over the past couple days.
It has been disappointing. I have basically been projecting what will happen precisely, in some cases the exact path of the price action. However, I am not converting that into gains due to poor execution.
This is a combination of hesitation, frustration, and distraction. The level of each of these factors is very low but when you combine them even minute amounts can destroy an edge.
There is a very (very) fine line between winning and losing in trading. If anything is off, you will lose or grind.
In my case, when I am off, I tend to have a grinding run of break evens and small losses.
The analysis has been excellent and the execution has frankly SUCKED.
There is no other way to put it. I am still confident and have a thorough understanding why I am grinding right now.
It is still tough to correct and takes hard work.
I am going to win and not by a small amount. I am confident in saying this because my reads on the market have been spot on.
The execution will catch up. I have fallen into the classic trap of aggressively pressing in the Dec - Jan contraction and then pulling back right when the market opens up.
I will likely over correct now that I have missed a couple good wining days. I know this tendency well and will have to work through it.
I need to stay aggressive. Those who read often have probably noticed that I repeat the same fixes to my trading all the time.
One becomes a trader when they have repeated their micro failures so many times that they just do not have the micro failure anymore.
You have to learn the same few lessons over and over again. A trader will either get it or quit. The ones who press on will make it.
Check out the video. It is good.
Thanks for the video. Really good, especially your analysis of break-evens. I have had the same problems but like you said, it comes down to being consistent.
ReplyDeleteMy thought is that if you do NOT take these break-evens, it also frees you from having to micro-manage your trades after entry (less work).
cheers.
You're welcome. Thanks for the comment. I almost always regret break evens. I definately should not be messing with my orders until the trade opens up at least a few points unles I am scalping which is rare for me.
ReplyDelete