Posted by icecoldjones on 31st of May 2024 at 05:16 pm
I miss >90% of what is said in this community as I have a day
job, unfortunately. These spreadsheets aren't going to create
themselves... one day with AI probably.
exactly and I don't see that as a bad thing - most people are
not day traders and most here have jobs, we have a lot of doctors,
lawyers, professionals etc. Do what fits your style and schedule.
And that's why the systems are good, the KISS daily and weekly
systems and mean reversion systems are daily. And our newsletters
our analysis and most of the trade ideas are NOT meant for day
trades, but for swing trades 3 days to a few weeks etc
Posted by icecoldjones on 31st of May 2024 at 05:39 pm
Yeah I hear ya, I just feel like I'm missing out on so much and
I keep making my own mistakes which is something I need to get
over. I wish I could do what you guys do but my track record shows
that's not possible. Need to hold onto my W2 job and hopefully not
lose all my money in the meantime.
Posted by foody518 on 31st of May 2024 at 06:37 pm
It may help to find compelling weekly setups/long patterns over
the weekend, establish triggers, and wait for that weekly
confirmation to take an entry, avoid getting swung around by the
daily and intra-day drama.
Perhaps but with weekly setups you also have to give more room
and when they don't work out the losses are bigger. The average
trade idea in our newsletters produces trades that last two to
three weeks that's plenty of time. Most people struggle with either
not setting to stop or they set one too tight and it stops out on
noise, one guy I talked to he was doing that he was trading daily
setups like he would a 60 Minute chart getting stopped out all the
time getting frustrated his stops didn't make any sense relative to
the time frame they were way too tight. There's no one simple
answer with trading that's what makes it simple but also very
complicated and along with all the emotion that goes along with
everything. My point here is the daily setups are just fine for
most people.
Also you guys keep forgetting there's the weekly kiss systems
which can hold trades for a half a year to a couple years, the info
is here the trade ideas are here the tools are here you just have
to sit down and make a plan. Also at first until you get in a
rhythm and figure out what is working for you trade really small
size so that you are not emotional and you can give the needed
wiggle room with the logical stops. Guys that put way too much
percentage into one trade, even though a logical stop might go just
below the 20-day moving average or nine EMA or a trend line,
because of the large position size that might be a lot of money and
too much for them to handle mentally so reduce that position size
so that you can adhere to those stops and put them had a logical
price that makes sense for the chart and time frame at hand
Posted by foody518 on 31st of May 2024 at 07:25 pm
I do tend to struggle with most of the trade ideas in terms of
going into the trigger entry and seeing where the 2:1 R/R is likely
to play out, without it being nearly a scalp type entry and
exit.
we all go through rough patches, it's okay, but I know it gets
very frustrating.
In the past when I've had those, it helped me to cut everything
way way back, either I would stop trading altogether for a few
weeks in order to reset my psychology, or I would cut it way back
to 1 or 2 positions and cut the position sizes way down.
Unfortunately trading is also learning to handle and manage
one's' emotions.
and yes I find that many times people get more emotional on
missing out on a trade or trades, more so than if they were in a
big loss.
stay strong, KEEP your job, take a break for a bit or cut things
way back for while so that you can focus on only a few things at
most, this will help your psychology.
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I miss >90% of what
That April dip will look like a generational buy .... ...
Posted by icecoldjones on 31st of May 2024 at 05:16 pm
I miss >90% of what is said in this community as I have a day job, unfortunately. These spreadsheets aren't going to create themselves... one day with AI probably.
exactly and I don't see
Posted by matt on 31st of May 2024 at 05:30 pm
exactly and I don't see that as a bad thing - most people are not day traders and most here have jobs, we have a lot of doctors, lawyers, professionals etc. Do what fits your style and schedule. And that's why the systems are good, the KISS daily and weekly systems and mean reversion systems are daily. And our newsletters our analysis and most of the trade ideas are NOT meant for day trades, but for swing trades 3 days to a few weeks etc
Yeah I hear ya, I
Posted by icecoldjones on 31st of May 2024 at 05:39 pm
Yeah I hear ya, I just feel like I'm missing out on so much and I keep making my own mistakes which is something I need to get over. I wish I could do what you guys do but my track record shows that's not possible. Need to hold onto my W2 job and hopefully not lose all my money in the meantime.
It may help to find
Posted by foody518 on 31st of May 2024 at 06:37 pm
It may help to find compelling weekly setups/long patterns over the weekend, establish triggers, and wait for that weekly confirmation to take an entry, avoid getting swung around by the daily and intra-day drama.
Perhaps but with weekly setups
Posted by matt on 31st of May 2024 at 07:08 pm
Perhaps but with weekly setups you also have to give more room and when they don't work out the losses are bigger. The average trade idea in our newsletters produces trades that last two to three weeks that's plenty of time. Most people struggle with either not setting to stop or they set one too tight and it stops out on noise, one guy I talked to he was doing that he was trading daily setups like he would a 60 Minute chart getting stopped out all the time getting frustrated his stops didn't make any sense relative to the time frame they were way too tight. There's no one simple answer with trading that's what makes it simple but also very complicated and along with all the emotion that goes along with everything. My point here is the daily setups are just fine for most people.
Also you guys keep forgetting there's the weekly kiss systems which can hold trades for a half a year to a couple years, the info is here the trade ideas are here the tools are here you just have to sit down and make a plan. Also at first until you get in a rhythm and figure out what is working for you trade really small size so that you are not emotional and you can give the needed wiggle room with the logical stops. Guys that put way too much percentage into one trade, even though a logical stop might go just below the 20-day moving average or nine EMA or a trend line, because of the large position size that might be a lot of money and too much for them to handle mentally so reduce that position size so that you can adhere to those stops and put them had a logical price that makes sense for the chart and time frame at hand
I do tend to struggle
Posted by foody518 on 31st of May 2024 at 07:25 pm
I do tend to struggle with most of the trade ideas in terms of going into the trigger entry and seeing where the 2:1 R/R is likely to play out, without it being nearly a scalp type entry and exit.
we all go through rough
Posted by matt on 31st of May 2024 at 05:53 pm
we all go through rough patches, it's okay, but I know it gets very frustrating.
In the past when I've had those, it helped me to cut everything way way back, either I would stop trading altogether for a few weeks in order to reset my psychology, or I would cut it way back to 1 or 2 positions and cut the position sizes way down. Unfortunately trading is also learning to handle and manage one's' emotions.
and yes I find that many times people get more emotional on missing out on a trade or trades, more so than if they were in a big loss.
stay strong, KEEP your job, take a break for a bit or cut things way back for while so that you can focus on only a few things at most, this will help your psychology.