continuing to get out early, ending up losing lots of money

I have been reading many of your comments in this forum in the past 2 weeks.

Lol I am sorry about that. I have a very strong personality and tend to rant and loose my point. I have made some messy posts but they all come from a place of helping and or learning.

It seems to me you have been exerting a lot of energy debating, in your own mind, all manner of possibilities about how you can be a better trader. And you have bounced a very extensive range of trading approaches and trading styles with many al brooks subscribers.

This is my style of learning at this stage. I've learnt if I dont understand something I have to flesh it out. Because at a certain point it becomes about details and nuance. And those are about putting the fine details where they belong. AKA determining the strength of a pullback based on the movement and strength of PA.

Somethings can't be taught but I'm looking for the finest details that will add up and help me confidently trade.

And I'm finding CONFIDENCE is the key to my trading. Why? Because its the ONLY thing that will allow me to hold for the larger winners. Not patience. Patience is a byproduct of having enough conviction to follow your rules.

And that's why I'm making such a mess here and don't mind posting my trades and my analysis of it.

Becuase I don't trade like Al but I do have a thought process and a framework for trading.

So, here we are, 2 weeks later, what do you conclude from your various recent comments in this forum. Have you arrived at some insights? Can you share the insights?

 ABSO-FRIGGIN-LUTLEY!!!

I have really made some quantum leaps in my trading in the last few months and the tail end of that on here.

First off. I'm a terrible student of Al's. (I'm still in awe of people like Ludopuig, if you have a questions about Als work, ask him.)

But I can repeat, I can see, understand and agree with his point of view but can't trade it. Bottom line is I don't see it the same way and to keep trying just causes me to fight myself.

THIS IS SO HUGE AND IN ITSELF CHANGED MY VIEW OF MY TRADING.

I've tried so many trading styles... started with Larry Williams (don't do that lol), tried commodities, picking baskets of penny stocks based on fundamentals, focuses just on trading Gold, shorting parabolic penny stocks, trading regular stocks, traded forex for a year or two, then onto futures indexes and tried Dow, S&P, Nasdaq, finally settling on the S&P (my home) as it checked all the boxes for me and my style). Never was, or ever have I been, interested in options. Just not me I guess.

So the one thing I've got from all this for sure is.. if you are making money, consistently, your NOT doing it wrong no matter how different from Al or anyone else it is.

But that doesn't mean I don't learn or pick up tricks along the way and most of Al's students are class acts. That's why I'm here. If anyone can shed light on my stupid little missunderstandings it's you guys!

I've been in MANY forums. (Kicked out of some as you can imagine) but the sophistication in this one is head and shoulders above all!

I am very passionate and can come across strong sometimes but I definitely eat crow after being put in my place as well... (thinking mostly Ludopuig here. Thank you!)

I wish everyone here good trading and hope some of my posts make people think if nothing else.

Good trading.

You too my friend... you too!

Hello Yanagi-san,

It appears to me that a lot of experienced people have offered you a lot of advice and I doubt I can offer anything of value here.

If you would allow me to make a suggestion, I would recommend you to go back to videos 33D to 34B. I think, you might find them helpful.

Also, if you could recall Dr. Brooks saying, it is often alright for your stop get triggered and re-enter the trade if the premise is still valid. Conversely, even if your stop isn't triggered or your target is not met, if the premise changes, you should exit the trade.

Sometimes, it is better to get back to basics and get fresh perspective from there.

Wish you the best!

Thanks, Mr.Chatterjee. Yeah, I’ll watch those videos again later, since his videos have a lot to offer even if you have already watched one time.

I’ll go over my trades again after that, but I guess the main problem with me was taking trades that I was not more than 90% sure of being good and reasonable.

(Being 90% sure that a trade has more than 40% winning rate with good risk reward… Wow , that’s sort of confusing.)

Anyway, wish you the best too and good trading!

Posted by: @yoshihikoyanagi1gmail-com

 

(Being 90% sure that a trade has more than 40% winning rate with good risk reward… Wow , that’s sort of confusing.)

 

It is very confusing. And it makes no sense. 

Keep your life simple and trade however you want to and just measure your results. 

Keep fighting the good fight my friend, Sandpaddict.