tag:blogger.com,1999:blog-6579146808262144709.post2879701499847450036..comments2023-09-09T08:10:21.317-04:00Comments on Grove Trades: Well, that didn't work...Grove Underhttp://www.blogger.com/profile/11996363914551744557noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6579146808262144709.post-40128843456532647842011-09-28T18:51:32.112-04:002011-09-28T18:51:32.112-04:00Hi NereusProject:
Thanks for the feedback. I did...Hi NereusProject:<br /><br />Thanks for the feedback. I did do some analysis of all the trades I've taken since May of this year, and <a href="http://grovetrades.blogspot.com/2011/08/my-strengths-analysis-of-my-best.html" rel="nofollow">found setups </a>that worked best for me.<br /><br />I even <a href="http://grovetrades.blogspot.com/2011/08/rules-of-engagement-trading-plan-for.html" rel="nofollow">setup a trading plan</a> last month that only focused on those setups. Did OK for the week from the discipline perspective, but then tried to expand it, lost some focus, and things slowly started to unravel. Taking low quality setups resulting in overtrading is the biggest culprit. <br /><br />I think there are many factors, but I'd say 90+% is mental. I know the trades that work for me, and all I have to do is to be patient, wait for them, and take them. So your advice to slow down and focus on a setup is spot on. <br /><br />Today, I played way too many different stocks (I scan for gap open/in-play stocks), trying to find "the one" that would "fix everything." I even looked too hard for something that wasn't there, and took some setups in choppy stocks, which is a recipe for disaster. Also went into TZA for rogue strategy scalps. Hope and rogue trading are not good strategies to have when it comes ot trading.<br /><br />Yet another day of lessons learned the hard way. But what will be most important is whether I truly learn and stop repeating these "simple" mistakes!Grove Underhttps://www.blogger.com/profile/11996363914551744557noreply@blogger.comtag:blogger.com,1999:blog-6579146808262144709.post-57899392725773723712011-09-28T16:17:15.316-04:002011-09-28T16:17:15.316-04:00Do you track your trades in a way that allows you ...Do you track your trades in a way that allows you to filter by strategy? Then you can eliminate the strategies that don't work. Slow down and play the one trade that works the most. Then play the two best trades.... What tickers did you play today? It may not be your trade types but the stocks you are in. <br />-NereusProjectAnonymousnoreply@blogger.com