05/05/2018 Weekend Update

[Cobra]

Down 2 weeks in a row, 64% chances up the next week.

[victorm]

I was really disappointed on myself on Friday. Market trained me to expect low day if it starts higher from 9:45 and move lower, then I would have a small window to make some money from 10:30 to 11. Didn't happen. Time and time again I'm convincing myself to throw out all the assumptions and patterns but to rely on my gut. But, again, market trained your gut to make assumptions and I can be wrong again... 10th yr of trading and if to count everything - real money for me is on a long period of holding stocks (if it is in trend). Day trading proven again and again that I'm losing money and creating headike for myself. I did calculation with a stock long with 75% core not touching and the rest 25% trading daily. So, the longer I trade the less money I got if to compare it with a core. I mean, eventually jumping in and out dayly over the longer period of time I get less if I would not touch it at all but went fishing instead.
Honestly, I become addicted to trading. Whenever I'm going I'm looking how market is moving. The most of topic of any conversation become boring if it is not about stocks. Does anyone know any book how to do a "healthier" trading? Probably it depends on personality, I think most successful traders do it differently.

[merryme]

Victorm,
I learned to trade from Martha Stokes, www.technitrader.com
Once you have confidence in your trading style, it is no longer an obsession.
Best to you.
Don't be so hard on yourself.

[tsf]

I learned a lot from Cobra and the traders in this forum. Many good charts, resources and insights.

[QED]

I was really disappointed on myself on Friday. Market trained me to expect low day if it starts higher from 9:45 and move lower, then I would have a small window to make some money from 10:30 to 11. Didn't happen. Time and time again I'm convincing myself to throw out all the assumptions and patterns but to rely on my gut. But, again, market trained your gut to make assumptions and I can be wrong again... 10th yr of trading and if to count everything - real money for me is on a long period of holding stocks (if it is in trend). Day trading proven again and again that I'm losing money and creating headike for myself. I did calculation with a stock long with 75% core not touching and the rest 25% trading daily. So, the longer I trade the less money I got if to compare it with a core. I mean, eventually jumping in and out dayly over the longer period of time I get less if I would not touch it at all but went fishing instead.
Honestly, I become addicted to trading. Whenever I'm going I'm looking how market is moving. The most of topic of any conversation become boring if it is not about stocks. Does anyone know any book how to do a "healthier" trading? Probably it depends on personality, I think most successful traders do it differently.

Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude
https://tinyurl.com/y94kw53q

.

[victorm]

Thank you guys.