Thanks Trader32. I will fosho! Persistence is my strength but I obviously haven't positively resolved my weaknesses enough to sustain positive results. WORD.
Trading blogs I think are looking for a way to hold them selves accountable. At least its one of the main reasons I'm posting my results.
If you mean a fundamental reason? Then over a long period of time price moves for logical economic reasons. Over the short-term price moves for the simplistic reason of there being more money that's buying/selling & price goes the way in which the most money is moving it over any given period of time.
Poor results are definitely my fault because I'm the one making the decisions (placing the trades)
On Psychology...My understanding of accountability involves criticism. I've found no encoragement of criticism from the trading bloggers.
On Psycholgy...Can the novice critic his own abilities and performance?
On Chart reading...If short term trading results are not random than losses are for a reason. Let's hold you accountable for what happened per your own desire. What is/are the reason(s) for the above trade losses?
I'm open to ideas of course. But by blogging I'm not looking to create a trading forum. Do you know what I mean? There is a ton of non-sense on trading forums.
What I mean by accountability is simply a public place where I'm posting results therefore I cannot lie to myself about my performance because its there for everyone to see.
Yes, a novice can critic their abilities. This is the main way, I think, that anyone gets good at something. Through experience and self-analysis/discovery.
This particular bad day I cannot show the reasons for my trades because I was trading from the 5 second chart. I posted a one minute overview chart on this day because I was frustrated and didn't want to take the time to do a screen capture for all my trades on the 5 second chart.
Keep going...next week is a new week :-)
ReplyDeleteThanks Trader32. I will fosho! Persistence is my strength but I obviously haven't positively resolved my weaknesses enough to sustain positive results. WORD.
ReplyDeleteOn Psychology...Harvey, do you feel the trading bloggers wish to be right or wish to make money?
ReplyDeleteOn Chart reading...Harvey, do you believe price movement is random or does price move for a reason?
If random your results are no fault of your own. If not then perhaps looking at the opposite trade position may be the key.
Trading blogs I think are looking for a way to hold them selves accountable. At least its one of the main reasons I'm posting my results.
ReplyDeleteIf you mean a fundamental reason? Then over a long period of time price moves for logical economic reasons. Over the short-term price moves for the simplistic reason of there being more money that's buying/selling & price goes the way in which the most money is moving it over any given period of time.
Poor results are definitely my fault because I'm the one making the decisions (placing the trades)
On Psychology...My understanding of accountability involves criticism. I've found no encoragement of criticism from the trading bloggers.
ReplyDeleteOn Psycholgy...Can the novice critic his own abilities and performance?
On Chart reading...If short term trading results are not random than losses are for a reason. Let's hold you accountable for what happened per your own desire. What is/are the reason(s) for the above trade losses?
I'm open to ideas of course. But by blogging I'm not looking to create a trading forum. Do you know what I mean? There is a ton of non-sense on trading forums.
ReplyDeleteWhat I mean by accountability is simply a public place where I'm posting results therefore I cannot lie to myself about my performance because its there for everyone to see.
Yes, a novice can critic their abilities. This is the main way, I think, that anyone gets good at something. Through experience and self-analysis/discovery.
This particular bad day I cannot show the reasons for my trades because I was trading from the 5 second chart. I posted a one minute overview chart on this day because I was frustrated and didn't want to take the time to do a screen capture for all my trades on the 5 second chart.