• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

  • Home
  • Start Here
    • Back to Basics of Trading
    • Resource For Traders – The Best Tools for Traders
    • Learn Trading Articles
    • Sierra Chart Resource
  • Blog
    • Blog Posts
    • Other learning resource
    • Dummy Collection
    • Harmonic setups
  • About Me

No trade: 13-September-2006 (AGAIN!?!?!)

by Gav Leave a Comment

Dear diary,

Ah..it was a trending day! Great.

Good thing: Not a single dummy setup in 30-min chart across E-mini S&P, E-mini Nasdaq, mini-size Dow, and even E-mini Ruselle 2000! before 12pm NY time. So, I was being disciplined, no setup, no trade. Bad thing: I didn’t make any money.
Worst thing: I didn’t make any money during trending day.

Just as part of my observation, I noticed chances appeared in 15-min charts for the past 2 days. I was not trying to monkey around timeframes, it was the strong day with strong opening volume analysis led me to think about looking at 15-min chart for faster and safer entry.

For consideration, if opening volume analysis shows a volatile or strong day ahead, I am keen to look at shorter time frame (15-min chart). Well, it is just a consideration.

Bottom line, I need to have a couple of different trading strategies in addition to dummy trading. I can’t make a living with just one strategy.

Anyway, let’s fight another day.

Filed Under: Rant Tagged With: Trading Psychology

Reader Interactions

Comments

  1. Richard says

    at 1:29 am

    I agree, it works to most people’s advantage to have different tools available for different kinds of days. I think as long as a trader waits until they are comfortable and “good at” their current tools before adding new ones, then it’s always a good idea.

    Mostly, though, congratulate yourself for not deviating from your plan.

    Reply
  2. Richard says

    at 9:29 am

    I agree, it works to most people’s advantage to have different tools available for different kinds of days. I think as long as a trader waits until they are comfortable and “good at” their current tools before adding new ones, then it’s always a good idea.

    Mostly, though, congratulate yourself for not deviating from your plan.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Tools For Traders

My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

About Me

Footer

Recommend FX Charting

Recommended Training

FXSAnalytics

Copyright © 2023 · Affiliate Disclosure · Privacy