1 Trade a Day?

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Re: 1 Trade a Day?

by _strange_ » Sun Jan 29, 2023 12:36 pm

Hey Raymond, yeah youre right about the need to feel productive. Sitting there "not doing anything" is an aspect I did not consider would be a problem in the beginning of this journey. I thought if you knew the strategy, that's all you needed. I'm learning now the strategy is actually easy, but the patience and discipline required is the more difficult aspect. And my personal situation is that I could retire if I can manage to do this, so I have this drive push past the "learning" phase straight into making money, which I know is a losing mentality, plus like you I am trading with Apex trying to get into PA accounts so when I have a day where I cant trade or recover from a loss, its additional pressure. Its all a losing mentality and I know this but its difficult to change.

Eric, Thanks for the reply. I blasted through sections 0,1,2,3 and currently watching top gun signal bars. Right out of the gate Im seeing great perspective. The thought exercises and emphasis on signal bars is excellent. Defining traps and things like that. After hundreds of hours watching macks material, I never considered the close of the bar preceding the signal bar and then ticking in the opposite side before reversing. Adding that filter to what im looking for will no doubt add to my probability. Fantastic stuff and cant wait to continue on after the homework (and mondays trading day)

Re: 1 Trade a Day?

by raymond » Sat Jan 28, 2023 2:57 pm

Hey Strange,

Welcome to the Lectures. Glad to be your classmate on this ride-along. :-)

I am replying because I share the struggles with you. What Eric said is right, "You are pressuring yourself to find something that may not be there." Unsure if this is related to our personalities due to our professions and the need to feel productive/work. Example.... I missed a good 2EL off EMA and KEP during the morning because the SB formed weak, as the day progressed, I felt the need to be productive and just execute on a bad trade about three hours in (micro trend already has a break and a new low and trading range started to develop, then ignored new microtrend up where the short was setting up near range high inside of the micro). BAM loser. My conscious mind overruled all the rules because they were not yet subconscious.

Absolutely, there are day's that are worth not playing like yesterday morning, Friday, January 27th.

Don't pressure yourself. There was a period of time back in the Fall of 2022 that I was wicked patient, lol. I don't know what happened to it now. There were maybe 11 days that I traded in a two month period. The patience ultimately earned me a few funded accounts (w/ trade copier's help) but once the patience dissipated, so did my funded accounts, one by one until January 2023... 0. Back to square one.

I typed up all the above because what you said and what I am feeling now, "I feel like im pressuring myself to find something to trade and im trying to make money, or more frustratingly, recover from a loss." That is dangerous and is an account destroyer and destroyed progress that I made. One of my successful business friends said this to me a long time ago. "You need to understand the importance of money and its function in the economy and respect money but be indifferent to what it can do for you. It's a commodity and it doesn't think anything of you.". Time to focus on the course and develop the skill.

Hope my rant resonates....

Re: 1 Trade a Day?

by eric-pal » Sat Jan 28, 2023 2:18 pm

strange,

You are pressuring yourself to find something that you do not see just yet. This is a good thing to witness. It may stem from not understanding the key variables, how they interplay, and how your personality reacts with that.

The course is designed to work from the ground up so that you can better understand the variables, as well as probability (which is not often discussed). With a stronger foundation of what you are looking for and why, then you may see how aspects of your personality interplay. What does that mean? What does high probability look like - not theory, in real life! Most will shake their heads, bring up some guru's mumblings, or if honest say - I don't know! The course develops that skill to recognize high probability - 80%+ (yes really).

Then, depending on your personality and risk profile, you may then extend situations which lowers the probability but increases the frequency of trade potentials. Higher probability trades happen much less frequently than lower probability trades.

Therefore, as you better understand your personality, and have a better sense of how probability and the number of trades interact, with experience you develop the patience with yourself, based on how you have performed. Can you recognize and take 70% trades, 75%, 80%? They do not look the same.

Thank you for purchasing the course. Take your time. Use the vision drills (which have 0 trading involved) and you may notice your vision and approach change :).

Good trades to you!

1 Trade a Day?

by _strange_ » Sat Jan 28, 2023 2:04 pm

Hey guys! Just got in and about to start the lectures.

But before I do, I wanted to ask a question thats been bugging me for a little while.

Do you guys ever have days where you dont see any trades at all???? I get frustrated sometimes after the trading day and not taking anything after sitting there for hours and hours, only to as usual go through Macks chart lesson and hes got about 47 trades marked on there.

I only look for second entries in a trend back at the KEP or during the first break of a trend, or possibly after a leg up or down looking for a measured move. I also look for range trades but with a perfect signal bar that closes very low in the range so I have all the room possible.

I literally only look for these and some days they just dont form. Bad signal bar, or inside bar, or whatever. I look for perfect signal bars that are the lowest/highest point in the move and close on or very near the high.

Is this normal? Do you guys have days where nothing forms for you?

I feel like im pressuring myself to find something to trade and im trying to make money, or more frustratingly, recover from a loss.

Thanks! Happy to be here!

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