Day Note for Oct 18, 2018
High volatility causes the elastic band to stretch further. So levels get tested deeper and over shoot. Don't forget lower liquidity is easier to chew through.
I took several losing buy trades in a row on what I thought was a good profile level BUT the market had rolled over and travelled down 8pts and 8000 in delta in 10 mins. The probabilities of that level holding that are unlikely.
Treat this with the same respect as you would real money.
I was reminded today that completely losing discipline is still possible even when you think you have conquered that area.
1. https://youtu.be/IhEgCwYnC6g grade 1 went straight to stop not a lot ton learn.
2. https://youtu.be/JtDLObtYhHQ grade 2 Unusually ES went to other side of very quickly without NQ following got out for a few ticks. good choice
3. https://youtu.be/Oa_0gFFtTrU grade 1 put stop at bottom of bump down happy with management and didn't give away any.
4. https://youtu.be/3oZW3yagOXQ grade 1 level didn't hold full stop.
5. https://youtu.be/WZUaWZiKtdQ grade 1 move stop in accordance with plan well managed.
6. https://youtu.be/dQJQ-yviOBE grade 1 perfectly managed got max by moving to bottom of bump.
7. https://youtu.be/SncMLMmfjkI grade 2 well managed again got max.
8. https://youtu.be/8AfMDzLI1E8 grade 2 straight to stop not a lot to learn.
9. https://youtu.be/wgobBONyIEo grade 3 well managed got nearly max.
10. 11. 12 13. https://youtu.be/rVwj7jpsOEg https://youtu.be/q0OJxdnJ9ps https://youtu.be/CBRCKryme3U https://youtu.be/2afMH8IYFcM . took 1 scratch and 3 full losses by taking buys when the market had moved a long way quickly with strong delta. Use your common sense.
14. 15 https://youtu.be/Ent93bEloOA https://youtu.be/hxLJ3PTtaSo . then took 2 more losses when selling after fully extended down move and no retrace.
At this point I totally lost my head moving stops, random trades etc As I took the last trade I asked myself what exactly did I think I was learning by doing this.????
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High volatility causes the elastic band to stretch further. So levels get tested deeper and over shoot. Don't forget lower liquidity is easier to chew through.
I took several losing buy trades in a row on what I thought was a good profile level BUT the market had rolled over and travelled down 8pts and 8000 in delta in 10 mins. The probabilities of that level holding that are unlikely.
Treat this with the same respect as you would real money.
I was reminded today that completely losing discipline is still possible even when you think you have conquered that area.
1. https://youtu.be/IhEgCwYnC6g grade 1 went straight to stop not a lot ton learn.
2. https://youtu.be/JtDLObtYhHQ grade 2 Unusually ES went to other side of very quickly without NQ following got out for a few ticks. good choice
3. https://youtu.be/Oa_0gFFtTrU grade 1 put stop at bottom of bump down happy with management and didn't give away any.
4. https://youtu.be/3oZW3yagOXQ grade 1 level didn't hold full stop.
5. https://youtu.be/WZUaWZiKtdQ grade 1 move stop in accordance with plan well managed.
6. https://youtu.be/dQJQ-yviOBE grade 1 perfectly managed got max by moving to bottom of bump.
7. https://youtu.be/SncMLMmfjkI grade 2 well managed again got max.
8. https://youtu.be/8AfMDzLI1E8 grade 2 straight to stop not a lot to learn.
9. https://youtu.be/wgobBONyIEo grade 3 well managed got nearly max.
10. 11. 12 13. https://youtu.be/rVwj7jpsOEg https://youtu.be/q0OJxdnJ9ps https://youtu.be/CBRCKryme3U https://youtu.be/2afMH8IYFcM . took 1 scratch and 3 full losses by taking buys when the market had moved a long way quickly with strong delta. Use your common sense.
14. 15 https://youtu.be/Ent93bEloOA https://youtu.be/hxLJ3PTtaSo . then took 2 more losses when selling after fully extended down move and no retrace.
At this point I totally lost my head moving stops, random trades etc As I took the last trade I asked myself what exactly did I think I was learning by doing this.????