Wednesday, April 29, 2015

Mid way thru

I know. Its been awhile,  but I have trouble focusing on the Felton charts, not too mention its been really slow in the markets. Like watching grass grow.
Even Roger says its so slow and he is trading oil and gold.  My thoughts over the last week-
I see as a general rule that Roger makes 500-1000 a day.  One thing I will give him and his method credit for is that he waits for set ups with his rules.  He doesn't get bored and take trades that are guesses or not true set ups.  So why then don't I follow and get all excited about this method. Well two reasons seem to roll around in my mind.  Price of the indicators and teaching.  I have spent so much over the years on books and methods I have more fear of committing to buying another method than to just take my own trades. Plus I know that I can buy the best indicators and method and fail because of all the mental crap in my head.
The other reason,  I don't think I could actually trade CL of Gold with my fear of losing money. as when those move they move a lot.  Need bigger stops than I like.
The other thing about the trading room that seems to bother me is that most of the (students) are quiet other than a few jokes. I really don't see them making a lot of money other than some once in awhile trades. I am also not used to not really being able to talk to others in a private talk, to find out how they are really doing or thinking.
Roger seems to be able to (chat) easily. Some time I think too laid back as I tend to zone out.
Another thing that tends to bother me is that all those indicators have to be built by someone else other than me. A new ninja 8 is going to be interesting time.
Another thing I have noticed about my thought process and probably most traders is that we want to trade by outsmarting or predicting direction.  To have a method like Rogers that is so black and white takes the cockiness out of it all.  If you only take the trades with the colors and rules. you have to leave alone all the gut trades that we all tend to take. We all tend to have a  top and bottom picking mentality.
Ok I will admit it Rogers method works- it is also BORING.    then again what do pro traders say?
good trading is BORING !
I need to take advantage of this trial and focus. and start taking some trades. To be continued-

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