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Published: Thursday, 06 October 2022 16:30
Trading days.... they all vary greatly with market conditions and more importantly, the conditions that make up the mental outlook, inner calm, and execution. Dadd has been on a journey to achieve progress and sharpen skills on the wheel of success and failure. Keeping the losses small and the patience on top is great.... but sometimes it all goes to poop. Mental collapse, life stuff, sleep, all provide an odd mix into the performance. The Audio book 'The Mental Game of Trading' by Jared Tendler has brought keen insight to my mental game and putting his input into my brain armory.
The 'self-inflicted' pain of FOMO trading and chasing entries etc are the moments of clarity needed to nourish the patience to execution.
Keep the EQ (emotional awareness) blade sharp!
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Published: Tuesday, 06 September 2022 14:32
MNQ was the ticker for me today. A busy morning led to little time on the monitors so Dadd caught a few trades from the phone. Sometimes this works with less trades and a clear mind doing other things than getting 'tick hypnotized'.
The 300 point drop in the overnight session + the opening 30 minutes brought about some patience to wait for the buying off the bottom to peter-out. Keltner channels gave great info and trade triggers especially with the 5x chart. Negative divergence on the MACD gave a signal of buyer exhaustion.
Entries were great and stops were put on-side (in-the-money) in a timely fashion. I was short biased and that was the plan after the morning evidence. The third short entry was solid with the sellers giving some follow-through and it was nearly and measured move from the first push down.
Topstep Combine Step 2
