my journal

This is a discussion on my journal within the Trading Journals forums, part of the Reception category; In theory one more minute to the full signal, but I can wait longer....

Closed Thread
 
LinkBack Thread Tools Search this Thread
Old Dec 21, 2009, 5:55pm   #1666
 
Yamato's Avatar
Joined Mar 2003
Re: my journal

Yamato started this thread In theory one more minute to the full signal, but I can wait longer.
Yamato is offline  
Old Dec 21, 2009, 5:57pm   #1667
 
Yamato's Avatar
Joined Mar 2003
Re: my journal

Yamato started this thread I'm definitely waiting. We're right above 1.4300 and the ES is still bullish.
Yamato is offline  
Old Dec 21, 2009, 6:00pm   #1668
 
Yamato's Avatar
Joined Mar 2003
Re: my journal

Yamato started this thread Yes, taking the next SHORT signal, no matter what.
Yamato is offline  
Old Dec 21, 2009, 6:04pm   #1669
 
Yamato's Avatar
Joined Mar 2003
Re: my journal

Yamato started this thread Ok, went short on the eur.

Long another contract on the ZN, until the end of today, at 22.00 CET (that's my stoploss).
Yamato is offline  
Old Dec 21, 2009, 6:42pm   #1670
 
Yamato's Avatar
Joined Mar 2003
Re: my journal

Yamato started this thread Ok, EUR just got closed for the usual profit of 250. Great success! I waited and it worked. Then I even left, for the first time ever. I came back from the bath tub just in time to see it executed. Of course it wasn't an awesome trade because it took 36 minutes to go where I expected it to go. If it's good, it usually takes 10 to 20 minutes.

All right, here's the picture, but don't get used to it because I'm usually too tired:

snap1.jpg
Yamato is offline  
Old Dec 21, 2009, 7:07pm   #1671
 
Yamato's Avatar
Joined Mar 2003
Re: my journal

Yamato started this thread
Quote:
Originally Posted by wprins View Post
Hey Travis,

I read this interesting article comparing Black Jack to trading here, as opposed to Poker which trading is more commonly compared to.

What I found interesting and relevant to your journal is the idea that, as in a Blackjack game, there are in fact a finite number of "good hands" in a day and generally speaking, it is therefore perhaps a good idea to (like you do in your system earlier on) have a daily target of one or maybe a few) trades a day etc. I quote:


Interesting, no?
I am looking at this Austin Passamonte's articles, which all look interesting, simply because they confirm what I already thought, which proves my point that interesting things just confirm what you think and that's why you like reading and therefore are not necessarily useful. On the other hand, things you don't agree with, you discard them, whereas they could be right and useful, but since they disagree with you say they suck. So basically you might as well forget about reading anything and do it yourself as I've always said, with some exceptions like when you need to read a manual for a specific excel function or to find out who's the best broker around and so on. But reading for the sake of reading is bull****.

Anyway, for it's worth, let's keep on reading this Passamonte's articles, besides the one you linked obviously. The titles that I find interesting are:

http://www.tradingmarkets.com/.site/...Dips-82878.cfm

http://www.tradingmarkets.com/.site/...ding-82762.cfm

http://www.tradingmarkets.com/.site/...ders-82549.cfm

http://www.tradingmarkets.com/.site/...Less-81983.cfm

http://www.tradingmarkets.com/.site/...ngth-81442.cfm

http://www.tradingmarkets.com/.site/...ding-81006.cfm

Ok, basically all articles seem interesting to me except this one:
http://www.tradingmarkets.com/.site/...ding-82301.cfm

So maybe I should just read that one, because it means I already know what the other articles will say, and I ignore the importance of the business plan. Or maybe I just dislike the word business. It makes me tired just to read it. It reminds of MBA and "business" the way it's used in college, and since college is bull**** I am assuming anyone using the word "business" is talking about bull****.

Anyway, instead of writing what I think the articles will say, I will now read every article and report here what I like about it: I will quote parts of it, and I will comment maybe, or maybe I will just quote.

One post per article.

But let's first find out where this passamonte guy is from. He's American of course, but then he sounds italian so here it is:
http://www.publicprofiler.org/worldnames/Main.aspx

Ok, he's from the center of Sicily, that's why his name is "monte", because there's mountains around that area.

He's got two web sites:
http://www.coiledmarkets.com/

and this, which is better (I recommend this one):
http://austinpcm.wordpress.com/about/

His motto is "Trade To Win". I wonder if he's also the inventor of this site or who took the name from who, or if it's just a coincidence. He sounds quite honest, truthful, synthetic, and I like the picture of the bridge on his blog. Nice place with nobody around. Well, it's not nice, but it's nice that there's nobody around.

Last edited by Yamato; Dec 21, 2009 at 7:18pm.
Yamato is offline  
Old Dec 21, 2009, 7:21pm   #1672
 
Yamato's Avatar
Joined Mar 2003
Re: my journal

Yamato started this thread First I'll read the blackjack article, in honour of wprins who made me discover this author. Actually, I dedicate the entire post to wprins. My post, and Passamonte's article as well.

http://www.tradingmarkets.com/.site/...ding-82762.cfm

"Sure some days he may lose sync" (quote from reader's email): you moron! If we're talking about discretionary and you acknowledge that he may lose sync, then it's totally easy to understand the talk about exiting after just one profitable trade (or negative): because the win or the loss will throw you off balance. So you just answered yourself, by definition. If we were talking about automated, you could have had a point.

But if you take "losing sync" out of the picture, as you seem to do in the rest of your email, then you have a point again.

"The general idea is to target a modest daily trading objective...". You sonofabitch, why don't you say it all in fewer paragraphs. A person who comes back from working all day long, cannot spend more than 2 hours staring at the computer at charts, and you wrote a mother ****ing bible just to make a comparison with blackjack.

Anyway, I know what you're getting at. The small target is not because I can't make more, but because, after a whole day at the office, my brain will start malfunctioning, and on top of the problems from being influenced by how the first trade went, there'll be the problems of my brain overheating. So, any which way I look at it, I can only make one trade. I am going to get to the end of this post, but no more articles by you: too long. You suck.

No way, man... this is too long. This is like reading the bible. I get the point: a finite number of opportunities per day. Wprins, thanks for summing it up. I advise everyone to read all of his articles, as a penance for your sins. You get forgiven for some really bad sin if you read all of his articles, plus it could help your trading.

I'll wait until Passamonte's article is made into a movie.

Last edited by Yamato; Dec 21, 2009 at 7:55pm.
Yamato is offline  
Old Dec 21, 2009, 8:27pm   #1673
 
Yamato's Avatar
Joined Mar 2003
Re: my journal

Yamato started this thread Lost control again.

The ZN was going against me, and I doubled up, as I mentioned earlier. Then it went against me more, and I added a third contract. Now I added a takeprofit, and at the latest I'll close all positions tomorrow morning before going to work, if the takeprofit didn't get triggered.
Yamato is offline  
Old Dec 21, 2009, 8:36pm   #1674
 
Yamato's Avatar
Joined Mar 2003
Re: my journal

Yamato started this thread You see, the bonds are starting to rise and the stock indexes and forex are starting to fall. I think it'll go my way. Too bad I don't have more money to bet.
Yamato is offline  
Old Dec 21, 2009, 8:39pm   #1675
 
Yamato's Avatar
Joined Mar 2003
Re: my journal

Yamato started this thread Losing 800 right now, and it was NOT my maximum predetermined loss, as i had said. I ****ed up again. I'll make it back during the night, because it will bounce. And if it doesn't bounce I am practically dead. Right, i really really suck.

It all happened because my system was guaranteed to lose 150 at the most, and today its loss on 1 contract will amount to no less than 300. So that means it wasn't as good as it looked.
Yamato is offline  
Old Dec 21, 2009, 8:42pm   #1676
 
Yamato's Avatar
Joined Mar 2003
Re: my journal

Yamato started this thread Losing 1000 right now.
Yamato is offline  
Old Dec 21, 2009, 9:09pm   #1677
 
Yamato's Avatar
Joined Mar 2003
Re: my journal

Yamato started this thread Ok, now only losing 800, and the bounce has finally begun. Counting on getting to the yellow circle by tomorrow morning.

snap3.jpg

If not, I'll close the positions, no matter what.

I am living this trade in a calm state of mind, which is best expressed by the song below. God wants me to win and this trade will be a winner. Only a few hours to go before... I'll get what's coming to me: the world, chico, and everything in it.




Last edited by Yamato; Dec 21, 2009 at 9:53pm.
Yamato is offline  
Old Dec 21, 2009, 9:27pm   #1678
 
Yamato's Avatar
Joined Mar 2003
Re: my journal

Yamato started this thread Those are my principles. If you don't like them, I have others.

I dedicate this quote by Marx (of the Marx brothers, not to be confused with the Diaz brothers) to the reader wprins.
Yamato is offline  
Old Dec 21, 2009, 10:29pm   #1679
 
Yamato's Avatar
Joined Mar 2003
Re: my journal

Yamato started this thread Bed time is approaching. The final countdown to falling asleep has begun. Let's hope to fall asleep on time. I still have exactly one minute to fall asleep, if I want to wake up after sleeping for 8 hours.
Yamato is offline  
Old Dec 21, 2009, 10:31pm   #1680
 
Yamato's Avatar
Joined Mar 2003
Re: my journal

Yamato started this thread Goddamn... I didn't make it. I am still awake.

I'll try to write a little more and try to get more tired. Maybe I'll have to complain a bit about my dad, as usual. That mother ****er.
Yamato is offline  
Closed Thread

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Another Journal... trader_dante Trading Journals 25 Sep 19, 2010 9:43am
My little journal. HaloTrader Trading Journals 16 Jun 26, 2009 12:02am
The EA Journal! Victor90 Trading Journals 1 Oct 27, 2008 11:47pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)