I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
4,012 Blog Posts

Better Suited for Robots

The index futures are trading all over the place, and I find myself trading well in the morning only to give back my gains come the afternoon.  I brought Elroi over to the /NQ with me this week because I need to keep my eye on the jackass in case he does something stupid—which he does from time to time because my coding skills are a bit…meh.

My algo loved today and had its best day ever.  However I sullied all of my morning discretionary profits and much of Elroi’s algorithmic profits by flip flopping in the chop.  80% of my trading errors occur when the market churns.  My exponential moving averages converge, my Keltner channel goes sideways, and price chops at like 1000 miles per hour.  And I go, “shorts have this, SELL SHORT on the breakdown.  OH FUCK it’s a fake out, COVER, here come the longs, FUCKIN’ BUY’EM UP, SLAAAMMMMM, back down.”  I used to do this a good 4 or five times before I snapped out of my insanity.  Now it takes two bad trades for me to realize I am a jackass and sit on my hands.

The problem is the market did that to me twice this afternoon.  Lol, I am leaving that sentence because it speaks volumes to my mistake.  The market did nothing to me, I only did these things to myself.  I review these conditions all the times.  I know to stay away.  In the morning, I do.  In the afternoon I loosen my focus a bit.  I will go through my trades and verify this tendency but I smell a “no afternoon” rule brewing up.


Here are Elroi’s trades:


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