tag:blogger.com,1999:blog-6579146808262144709.post7262285816649654653..comments2023-09-09T08:10:21.317-04:00Comments on Grove Trades: Deja vu?Grove Underhttp://www.blogger.com/profile/11996363914551744557noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6579146808262144709.post-77481002773564390452011-12-21T21:12:00.988-05:002011-12-21T21:12:00.988-05:00Hi Tom,
Great to hear you're getting ready to...Hi Tom,<br /><br />Great to hear you're getting ready to write down the plan. For whatever reason, it took me a while to take the concepts from DS and put them into something more tangible especially for me. But after a couple weeks, I know there are a few areas that I'm going to adjust. But as you said, I totally agree that sticking to the basics is key.<br /><br />I think your decision to go up to 2 contracts is a really great idea. Scaling out adds a big advantage to your overall performance, so it's good to see you're moving in that direction. I'll probably start focusing on this soon.<br /><br />I saw from the transcripts that you really got a big move today with your runner, great job! Thanks for the feedback, and keep pushing forward.Grove Underhttps://www.blogger.com/profile/11996363914551744557noreply@blogger.comtag:blogger.com,1999:blog-6579146808262144709.post-17790037555690056772011-12-20T07:23:29.483-05:002011-12-20T07:23:29.483-05:00Hey Grove,,
I am in the process of doing my tra...Hey Grove,,<br /><br /> I am in the process of doing my trading plan and it wont be very different from yours but I do think that to give it a fair shake we need to follow the plan as well as we can. I think we will tweek the plan from time to time and maybe forever during our trading career but the basics should remain. I just want to bring this point up as whenever I struggle I go back to the basics. Just a thought.<br /><br /> I have been following Rena's calls and try to anticipate them before he calls them out ( not everyone yet but a couple ) and what I am finding out is that after widening my stops on MAIN res or MAIN sup trades I leave so many points on the table after I exit with 2 pts or so ( and make $100 or $150 and think I am the man ) I sit there and watch it continue to rack up points. I am still on sim but have decided to use 2 contracts as of Monday. And yes I was short from just about the HOD and rode that leg down. I nailed a huge 1 pt on 1 contract and 2 pts on the second contract and sat back and watched it go down about 12 pts. <br /> I am starting to be a true beliver in the mind set that you ( ME) dont need to make alot of trades just a couple really good set-ups and then its all MONEY MANAGEMENT. I am not talking about being a scalper or swing trader,,,,just a day trader looking to make a living. DS4-5-6-7 traded properly can be very rewarding. That seems to suit me well. Then I need really good money management rules in place. Its there. Every day. <br /> Rena is in the charoom on Fridays and doesnt trade himself as he is also calling out trades but also he says he is watching and learning himself, I guess we are always learning. Sounds like you are learning out alot about your plan and thats a good thing. He is really an inspriation. Keep up the good work and so will I and we will find our spot.<br /><br />TomTomross58noreply@blogger.com