[Attila]

Gaps everyday.. not easy for me to deal with.. The goal of this market is to break you down.. then take your account. Working so far. If you don't have and stick to (including leaving when they are not playing your game) a VERY well defined action plan you repeat like the sun rises day-in-day-out you (I) are toast. So many different random moves are thrown out there to soften you up. I am in the paranoid "the market's out to get me stage"...

Another nice wedge broken in the overnight session which is frequently more organized lately..

[thalestrader]

Originally Posted by Attila »

... So many different random moves are thrown out there to soften you up. I am in the paranoid "the market's out to get me stage"...

"The stock market is neither efficient nor random. It is not efficient because there are too many poorly conceived opinions; it is not random because strong investor emotions can create trends." William J. O'Neil in his Market Wizards by Jack Schwager interview.


"The market does not beat them. They beat themselves," and "[I]t is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance." Reminiscences of a Stock Operator.

The market isn't out to get you Attila - You are! But I can tell from your post that you are already aware of that fact, so you have it within you to right the ship.

Best Wishes,

Thales

[MightyMouse]

Originally Posted by Attila »

Gaps everyday.. not easy for me to deal with.. The goal of this market is to break you down.. then take your account. Working so far. If you don't have and stick to (including leaving when they are not playing your game) a VERY well defined action plan you repeat like the sun rises day-in-day-out you (I) are toast. So many different random moves are thrown out there to soften you up. I am in the paranoid "the market's out to get me stage"...

Another nice wedge broken in the overnight session which is frequently more organized lately..

One can pick it up from your recent posts that you have changed.

You have become accustomed to walking into the school yard and expecting the bully to steal your lunch money. You have to break that pattern.

Either that or I would recommend that you line the walls, floor, ceiling, windows, and doors with foil and trade with the lights dimmed. That usually will keep "Them" from being out to get you.

[SIUYA]

Or remember that no one style works or the time but that consistency on a well researched theory/model/style that has an edge should win over the long term......
there are plenty of so called professionals and experts getting chopped up at the moment.
Short term survival sometimes is the best form of long term survival.

[Attila]

Statement for 08/13... 3 digits!

Had a sweet 8pt short to open the day but that wasn't enough action for me. Trading definitely will make you find out who or what you are as well as what you do it for.

Thanks for the helpful comments (especially Mightymouse..<gg>).. Solution simple and complicated at the same time. At this point the "want to" save the situation the question mark in my head as it is surely looking like a subconscious intentional tank. Why else would I have not called the daily loss limit in to my broker.

Paradoxically I need to think of the account's demise as a non-event to lessen the crazy in-trade anxiety I have developed which is at the root of this dive. A condensed version of "The Anatomy of a Blowup" for sure...

Next week need to decide to fight or...

[Attila]

Statement for 08/16... Slip Sliding away....

[Attila]

I think I will DELETE all price levels from my charts... They have no meaning whatsoever! (Of course I am biased, standing in front of a train with a microscopic account) 1837, 1845, 1850.. etc. They simply tempt me into not waiting for reversals! That said, Daily NDX a sweet looking LONG.

[Attila]

Statement for 08/17

Sometimes you just want to swear at the markets.. What was that run all for? I could write a book on all the things to avoid doing in the markets, including.. "When a US index market is persistent in one direction in the morning, those with their foot on the gas USUALLY don't stop until lunch time or later.." Soooo if you are daft enough not to obediently follow this group, at least stand aside till they are done, and MAYBE the afternoon shift will reverse the thing, if at all. Which is the script that was used yesterday.

Something in me, subconsciously wants nothing to do with "social long gains", the only explanation I can imagine for so completely refusing profits on the long side.. a Long around 1839.75.. what did I do? Looked back on the Hourly to find a high at 1842 that I decided was the top so I sold for a point and change.. THEN shorted 1847.75.. Helloooo!! I have complicated something so simple. My son occasionally walks in and says... soooo Dad.. you bought there when it was going up right?.. I have stopped answering him.

Anyway, this is the Kill Bill Scene... in the Casket... I can hear the dirt hitting the top while I worry about a 35 pip M6E 1 contract stop.