Foresight patience and psychologically correct trades

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foroom lluzers

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Foresight patience calls is about trading set ups called before the trade is opened .It is like a set and forget strategy , so read on google search about set and forget trading.


It eliminates the psychological issues of trading or bypasses them .It avoids this snake oil of timing the markets , market timing does not work , it has mind trap issues .

So read following threads to understand the drivers of these trades.

http://www.trade2win.com/boards/edu...22-what-happens-when-you-try-time-market.html

http://www.trade2win.com/boards/psy...ment/223300-mind-traps-affecting-traders.html


http://www.trade2win.com/boards/psychology-risk-money-management/45686-trading-psychology.html

http://www.trade2win.com/boards/edu...92-your-brain-wasnt-built-handle-reality.html


Patience is the most important skill in trading , so just search on google + videos for trading patience , trading patience and discipline
Trading longs on pullbacks ' looking for a pull back for a long '

Bought may 12300 puts for 172 and sold may 11900 puts for 64risk 108 points
 
Bought may 12300 puts for 172 and sold may 11900 puts for 64risk 108 points

instrument dax

options expiry date and time ;19 th may 12.00 pm
 
Professional trader:Good trading is boring , I have nothing to do all week except wait wait wait patiently , for the righ entry

Professionals understand trading phsychology

Amateur :Good trading is exciting: being scalped 3 times a day , then taking small profits and large losses getting scalped.Stress is good ,Let's say you're walking down a path and a tiger jumps out at you. Instantly, you perceive a threat and adrenaline is released. The tiger emotions is exciting , you fear ,get attacked by market , then I win .It is more like the exciting chase before the sex.

I sit and wait for entries
 
Dow jones put spread
19 th may expiry 21.00

buy 20800 puts 225
sell 20400 puts 92
cost 133
 
Last edited:
foroom lluzers said:
Professional trader:Good trading is boring , I have nothing to do all week except wait wait wait patiently , for the righ entry

Professionals understand trading phsychology

Amateur :Good trading is exciting: being scalped 3 times a day , then taking small profits and large losses getting scalped.Stress is good ,Let's say you're walking down a path and a tiger jumps out at you. Instantly, you perceive a threat and adrenaline is released. The tiger emotions is exciting , you fear ,get attacked by market , then I win .It is more like the exciting chase before the sex.

I sit and wait for entries
Click to expand...

This is how I want to trade.

I am researching what you mean by time the markets, I don't think I am trying to do that.

What I am trying to do is 1) go with the trend 2) find the right entry (little offside or no offside with my price quickly being right and going into profit)

I am not good at finding the right entry, sometimes I find a support level and maybe the price goes 30 ticks below that, then goes into big profit (so I get the trend right, and general area of support right) but then again on the switch side, sometimes price alone seems to work, a level gets hit and boom profit on its way.

With both of these scenarios I'm trying to study how to get in, price alone?
 
tablemountain said:
This is how I want to trade.

I am researching what you mean by time the markets, I don't think I am trying to do that.

What I am trying to do is 1) go with the trend 2) find the right entry (little offside or no offside with my price quickly being right and going into profit)

I am not good at finding the right entry, sometimes I find a support level and maybe the price goes 30 ticks below that, then goes into big profit (so I get the trend right, and general area of support right) but then again on the switch side, sometimes price alone seems to work, a level gets hit and boom profit on its way.

With both of these scenarios I'm trying to study how to get in, price alone?
Click to expand...

Pick your level , enter the trade , buy a put option if long and wait (even for 5 days) until it gives you a profit.

What you are trying to do is catch perfect entry , so it goes in your intended direction immediately , that is snake oil strategy .It works fine in one directional market ,but kills traders when it breaks downIt is called market timing.
 
foroom lluzers said:
Pick your level , enter the trade , buy a put option if long and wait (even for 5 days) until it gives you a profit.

What you are trying to do is catch perfect entry , so it goes in your intended direction immediately , that is snake oil strategy .It works fine in one directional market ,but kills traders when it breaks downIt is called market timing.
Click to expand...

Ok I am trying to catch perfect entry and it might look like im trying to use of find snake oil strategy, but its because I am new to trading and want to minimize loss, risk etc

I don't have a big account, I'd like to trade long term as you said, wait for my price to go into profit, maybe I can only do this trading the mini's on my account. I might have to try that from tmrw onwards
 
tablemountain said:
Ok I am trying to catch perfect entry and it might look like im trying to use of find snake oil strategy, but its because I am new to trading and want to minimize loss, risk etc

I don't have a big account, I'd like to trade long term as you said, wait for my price to go into profit, maybe I can only do this trading the mini's on my account. I might have to try that from tmrw onwards
Click to expand...

go on demo for 3 months , until you get at least 2 consecutive profitable months on demo.
 
Trade 2 dax
buy 12700 puts #1 @ 271
sell 2 12200 puts 68 each = 136

Net risk 135

instrument dax

options expiry date and time ;19 th may 12.00 pm
 
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darktone said:
so you doing this? http://www.investopedia.com/articles/optioninvestor/09/bear-vertical-put-spread.asp
looking for prices to fall before 19th may
Click to expand...

Yes

Everytime I buy a put spread , I get a potential 300 to 400 profit , for 100 approximate risk.That profit covers me , for additional longs if price breaks down .

Let us say I add three long positions at 12400 and 12300 , 12200 , both with weekly put options long , my net risk is potentiaslly 350 ticks approximately .This put spread will pay 365 ticks profit , at 1.2200.

This is how I trade .The put spread is for some protection.

I could add 3 longs , if price retraces , they could make about 300 ticks on any reversal back up , after a fall.:smart:
 
bought 21000 put may 223 , sold 20600 put x 2 for 72 , net cost 79 ticks .

19 th may expiry

sell stop cash at 20300

djia second trade
 
here are some soresight trades into june , sold some june 12000 puts for 86 premiums x 2
 

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