{"id":232,"date":"2019-11-11T06:30:04","date_gmt":"2019-11-11T05:30:04","guid":{"rendered":"http:\/\/market-and-us.com\/blog\/?p=232"},"modified":"2019-11-11T06:30:04","modified_gmt":"2019-11-11T05:30:04","slug":"trading-without-fears-and-emotions","status":"publish","type":"post","link":"https:\/\/market-and-us.com\/blog\/trading-without-fears-and-emotions-232\/","title":{"rendered":"Trading without fears and emotions"},"content":{"rendered":"\n

This week’s weekly summary<\/strong> will be a short version because the focus is on new articles about coding with the IB API<\/a>. But I will mention some words about the trading without fears and emotions<\/strong>:<\/p>\n\n\n\n

The market overview<\/h3>\n\n\n\n
\"\"
SPY<\/strong> (daily candles, source: thinkorswim)<\/figcaption><\/figure>\n\n\n\n

After the breakout the SPY walks upwards step by step. I expected an earlier move down for a pullback but the bulls are still buying<\/strong> and some VIPs aren’t using Twitter now. \ud83d\ude09<\/p>\n\n\n\n

Although prices are rising, stochastic is around 80 and we did not have big bullish candles. Maybe the level at $310 is a first resistance<\/strong> and because of the straight breakout the pullback level could be at the monthly trend line through the highs and not at the breakout level at about $302.<\/p>\n\n\n\n

I am still cautious<\/strong> watching only for the best setups until we’ll get the first higher high and higher low above the breakout level.<\/p>\n\n\n\n

Trading without emotions …<\/h2>\n\n\n\n

Last week TCMD<\/strong> hit the stop loss. Why? Because I do check lots of earnings each day but didn’t recognize the earnings for the running short position. A big mistake but after trading so many years I do not feel anything. I just wrote a note in bold letters: “Close every position before earnings<\/strong>“. I have collected lots of those notes – with the same sentence. \ud83d\ude00<\/p>\n\n\n\n

The biggest learning effect of it is the reminder that I must still rework my journal<\/strong> and statistics sheets (the conclusions when it’s done will be an interesting part of one of the next weekly summaries).<\/em><\/p><\/blockquote>\n\n\n\n

After this loss of -1R there were four new positions<\/strong>:<\/p>\n\n\n\n

… and without fears.<\/h2>\n\n\n\n

One of the new stocks was COLD<\/strong>. Maybe the second mistake<\/strong> last week but from time to time I must test my intuition for such a stock at a very cheap price level. Not a good skill for a trader, I know. But I will be honest<\/strong> here and I will tell you about the future progress.
It had been better to wait some days after the earnings<\/strong> until a confirmation is formed.<\/p>\n\n\n\n

After it fell another -10% I added to my long term<\/strong> position of YUM<\/strong>. Not much to say about it.<\/p>\n\n\n\n

And then there are two more trades for testing small moves<\/span> instead of the wide stop losses I usually use:<\/p>\n\n\n\n

I took a very little risk but I traded the inverse head and shoulders pattern<\/strong> of AXP<\/strong> (American Express<\/a><\/em>) for only a small move. It already lost of its momentum. Nevertheless, a breakout with a little gap is a good sign.<\/p>\n\n\n\n

\"\"
AXP<\/strong> (daily candles, source: thinkorswim)<\/figcaption><\/figure>\n\n\n\n

The other one was PG<\/strong>. Not the breakout but the move upwards in the direction of the breakout level<\/strong>. It triggered already but as you can see in the price action of many stocks the market isn’t as strong as some days before.<\/p>\n\n\n\n

\"\"
PG<\/strong> (daily candles, source: thinkorswim)<\/figcaption><\/figure>\n\n\n\n

I did and do those trades in a small price area because I want to check which movements suits me better<\/strong>.<\/p>\n\n\n\n

That’s it. I hope you enjoyed it even though the article is shorter than the last ones and the above transactions do not contain lots of knowledge. But you can see that I also do mistakes<\/strong>, I had overcome my emotions and I am without fears in taking good setups (in my opionion) although the market could turn down soon.<\/p>\n\n\n\n

I wish you trading without emotions and fears, too. But I wish you also less mistakes than me.<\/strong> \ud83d\ude09
Subscribe to my newsletter<\/span>, enjoy your life, good profits<\/span> and thank you for being part of this community and blog!<\/p>\n","protected":false},"excerpt":{"rendered":"

This week’s weekly summary will be a short version because the focus is on new articles about coding with the IB API. But I will mention some words about the trading without fears and emotions: The market overview After the breakout the SPY walks upwards step by step. I expected an earlier move down for […]<\/p>\n","protected":false},"author":1,"featured_media":241,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":""},"categories":[5],"tags":[57,59,58,60,56,9,43,34,42],"yoast_head":"\nTrading without fears and emotions - The Market and Us<\/title>\n<meta name=\"description\" content=\"In this weekly summary I am writing about trading without fears and emotions, adding to long term positions and about some small positions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/market-and-us.com\/blog\/trading-without-fears-and-emotions-232\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trading without fears and emotions - The Market and Us\" \/>\n<meta property=\"og:description\" content=\"In this weekly summary I am writing about trading without fears and emotions, adding to long term positions and about some small positions.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/market-and-us.com\/blog\/trading-without-fears-and-emotions-232\/\" \/>\n<meta property=\"og:site_name\" content=\"The Market and Us\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-11T05:30:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2019\/11\/lots-of-pieces.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"333\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"3 minutes\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/market-and-us.com\/blog\/#website\",\"url\":\"https:\/\/market-and-us.com\/blog\/\",\"name\":\"The Market and Us\",\"description\":\"Weekly Analysis of the Stock Market, Financial Coding and Online-Tools\",\"publisher\":{\"@id\":\"https:\/\/market-and-us.com\/blog\/#\/schema\/person\/f32a93c5a88a9ec9a9595fff6179b097\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/market-and-us.com\/blog\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/market-and-us.com\/blog\/trading-without-fears-and-emotions-232\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2019\/11\/lots-of-pieces.jpg\",\"contentUrl\":\"https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2019\/11\/lots-of-pieces.jpg\",\"width\":500,\"height\":333,\"caption\":\"Every trade is a little piece of the success of a trader.\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/market-and-us.com\/blog\/trading-without-fears-and-emotions-232\/#webpage\",\"url\":\"https:\/\/market-and-us.com\/blog\/trading-without-fears-and-emotions-232\/\",\"name\":\"Trading without fears and emotions - The Market and Us\",\"isPartOf\":{\"@id\":\"https:\/\/market-and-us.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/market-and-us.com\/blog\/trading-without-fears-and-emotions-232\/#primaryimage\"},\"datePublished\":\"2019-11-11T05:30:04+00:00\",\"dateModified\":\"2019-11-11T05:30:04+00:00\",\"description\":\"In this weekly summary I am writing about trading without fears and emotions, adding to long term positions and about some small positions.\",\"breadcrumb\":{\"@id\":\"https:\/\/market-and-us.com\/blog\/trading-without-fears-and-emotions-232\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/market-and-us.com\/blog\/trading-without-fears-and-emotions-232\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/market-and-us.com\/blog\/trading-without-fears-and-emotions-232\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/market-and-us.com\/blog\/\",\"url\":\"https:\/\/market-and-us.com\/blog\/\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"position\":2,\"item\":{\"@id\":\"https:\/\/market-and-us.com\/blog\/trading-without-fears-and-emotions-232\/#webpage\"}}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/market-and-us.com\/blog\/trading-without-fears-and-emotions-232\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/market-and-us.com\/blog\/trading-without-fears-and-emotions-232\/#webpage\"},\"author\":{\"@id\":\"https:\/\/market-and-us.com\/blog\/#\/schema\/person\/f32a93c5a88a9ec9a9595fff6179b097\"},\"headline\":\"Trading without fears and emotions\",\"datePublished\":\"2019-11-11T05:30:04+00:00\",\"dateModified\":\"2019-11-11T05:30:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/market-and-us.com\/blog\/trading-without-fears-and-emotions-232\/#webpage\"},\"commentCount\":16,\"publisher\":{\"@id\":\"https:\/\/market-and-us.com\/blog\/#\/schema\/person\/f32a93c5a88a9ec9a9595fff6179b097\"},\"image\":{\"@id\":\"https:\/\/market-and-us.com\/blog\/trading-without-fears-and-emotions-232\/#primaryimage\"},\"keywords\":[\"AXP\",\"emotions\",\"fears\",\"market overview\",\"PG\",\"SPY\",\"TCMD\",\"weekly summary\",\"YUM\"],\"articleSection\":[\"Weekly Summary\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/market-and-us.com\/blog\/trading-without-fears-and-emotions-232\/#respond\"]}]},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\/\/market-and-us.com\/blog\/#\/schema\/person\/f32a93c5a88a9ec9a9595fff6179b097\",\"name\":\"Alexander\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/market-and-us.com\/blog\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"http:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2019\/10\/redakteur-96x96.png\",\"contentUrl\":\"http:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2019\/10\/redakteur-96x96.png\",\"caption\":\"Alexander\"},\"logo\":{\"@id\":\"https:\/\/market-and-us.com\/blog\/#personlogo\"},\"description\":\"Alexander bought his first stock in October 2009 without knowing about the luck for this point of time. In 2016 he started to trade, since 2017 he notes down watchlists and statistics every day and because he knows how to code since he was a child, he uses Python, PHP, HTML5 and JS for making the daily to-dos easier. Because many of his friends wanted him not to stop writing about the markets he started this blog to share his ideas and tools.\",\"sameAs\":[\"https:\/\/market-and-us.com\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yasr_visitor_votes":{"number_of_votes":0,"sum_votes":0,"stars_attributes":{"read_only":false,"span_bottom":false}},"_links":{"self":[{"href":"https:\/\/market-and-us.com\/blog\/wp-json\/wp\/v2\/posts\/232"}],"collection":[{"href":"https:\/\/market-and-us.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/market-and-us.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/market-and-us.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/market-and-us.com\/blog\/wp-json\/wp\/v2\/comments?post=232"}],"version-history":[{"count":5,"href":"https:\/\/market-and-us.com\/blog\/wp-json\/wp\/v2\/posts\/232\/revisions"}],"predecessor-version":[{"id":240,"href":"https:\/\/market-and-us.com\/blog\/wp-json\/wp\/v2\/posts\/232\/revisions\/240"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/market-and-us.com\/blog\/wp-json\/wp\/v2\/media\/241"}],"wp:attachment":[{"href":"https:\/\/market-and-us.com\/blog\/wp-json\/wp\/v2\/media?parent=232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/market-and-us.com\/blog\/wp-json\/wp\/v2\/categories?post=232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/market-and-us.com\/blog\/wp-json\/wp\/v2\/tags?post=232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}