Recent content by min6485

Hello I would like to incorporate Fibonacci retracements in my trading. I trade off of the 15 minute time frame using the 200 SMA as a means of direction. Since I am using the 15 minute chart would I use the Fibonacci retracements on the 15 minute chart, or a higher time frame chart? All...

Compton is not what people think it is in fact; it's no worst than any other U S city. Within this city you hard working men, and women. I use to live in Detroit trust me Compton is a paradise compare to a lot of those eastern cities.

Welcome

Any other traders in the Compton area?

What do you know about Mom's burger? Good trading to you

I used one note for mu journal. My journal is broken up into sections that I have the following sections Before, during,&after, How did I feel about the loss, Exiting discomfort, Reason for the trade, Performance assessment, what were my strong point, and what were my weak points. By journaling...

It's all about consistency I have found that has been my problem not the markets, but me. This round of paper trading had done me all the good in the world because I have the little nitch that has been the problem. Some time we can be our own worst enemy for greed I am learning you have to take...

What you are saying is so true, my problem has been me not being consistent on what I am doing such as going from system to system, market to market giving them a chance. What that did was made me look at my personal life, and see other areas that I am inconsistent in. Therefore I have to be...

I know that it is good to paper trade until one has a system, or set up that has consistent wins. My problem is I can paper trade, paper trade, but not having the consistent wins as needed if anything I keep breaking doing set of twenty trades. I am very detail with my journal entries on what...

Write on a note pad one, or two things that you are trying to accomplish. Think about that long and hard. Then just focus on those items look at your strengths, weakness the reason look at your strengths and weakness play to your strengths. Build off of that no one trading is easy I believe...

The process are things you the trader control entries, exit, risk management, before trade, during the trade, and after the trade. Where as the trading plan or strategy is just that a way to extract from the market.

You basically hit it on the head Thanks

From what I understand the process plan are things that you the trader control which is different from the trading plan.

Process plan That is what I am trying to have a better handle on what is a good format for a process plan in trading.::confused:

I would like to hear from traders your thoughts on a process plan, or format Vs. a trading plan. The reason I ask I understand that the process of trading is very important for the results, but sometime I get it confused. Sure would like to hear from other trader and there viewpoint on this...