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- 19 Results (1 Thread , 18 Replies )
- sv69 replied Oct 19, 2015
Here is an update on my progress (or rather a lack of) LOL I believe that Supply and Demand (SD) trading and is very robust trading method, but it just doesn't seem to compensate for my weaknesses. At this stage I'm looking for a very simple trading ...
- sv69 replied Sep 5, 2015
I totally agree with Atokys. Here is an update on my progress. Currently am in a process of investigating different approaches to trading FX, as well as trying to re-invent myself (at least I hope) I believe the first thing I have to be absolutely ...
- sv69 replied Sep 2, 2015
I have to have to ingrain the following image into my head. image Since the only thing we can't control is the price movement and the outcome of the trade while we can control everything else, then it is very obvious that success does not come ...
- sv69 replied Sep 2, 2015
As Ed Seykota said; Win or lose, everybody gets what they want out of the market." When I heard Ed's quote for the first time, back then I wasn't able to grasp its deepest meaning. Even though I haven't read his book "The Trading Tribe", apparently ...
- sv69 replied Sep 2, 2015
As Mark Douglas said: One of the many contradictions of trading is that it offers a gift and a curse at the same time. The gift is that, perhaps for the first time in our lives, we’re in complete control of everything we do. The curse is that there ...
- sv69 replied Sep 2, 2015
One way to recognise a good trader is how he conducts himself. Secondly by his level of awareness and insights, and unfortunately your level of awareness is of a typical newbie. Although unlike other newbies who are humble, you on the other hand are ...
- sv69 replied Sep 2, 2015
Hi Atokys, I don't believe in mechanical systems, but thanks for the advice, I do appreciate it. I didn't mean optimising any parameters in vacuum, I meant exactly as you say, i.e. it must fit the logic of how the market works, such as around the ...
- sv69 replied Sep 2, 2015
You're not a a full time trader solely living from your profits, those who are or have been can see through you. But that's irreverent and beside the topic. The fact is that without proper mindset (psychology) nobody will last for too long when if ...
- sv69 replied Sep 2, 2015
Putting on a winning trade or even a series of winning trades requires absolutely no skill. On the other hand, creating consistent results and being able to keep what weve created does require skill. Making money consistently is a by-product of ...
- sv69 replied Sep 2, 2015
My obstacles and weaknesses that I'm aware of and I need to work on are as follows: My personal life interferes with trading, and I have more stress in my life than most other traders. I'm recovering from Post Traumatic Stress, and I do struggle ...
- sv69 replied Sep 2, 2015
Hi onil, what you're referring to is part of human nature. Majority of people have tendency to cut profits early and let losses run instead of cutting losses and letting profits run. The good thing is that you're aware of your mistakes, now focus on ...
- sv69 replied Sep 2, 2015
Thank you.
- sv69 replied Sep 2, 2015
Hi kinspk, thanks for your question. Money management is a function of a risk tolerance, i.e. emotional tolerance of drawdowns. Emotion = Psychology What is an edge? An edge is basically a higher probability (not a guarantee) of one thing happening ...
- sv69 replied Sep 1, 2015
Hi kinspk, Institutional traders working for a company and trading someone else money usually don't have their necks on a line, at least not to the same extent as people who trade their own accounts. I think when it comes to trading (excluding the ...
- Psychological Development Journal
Welcome to my Psychological Development journal with a focus on bridging the reality gap between ...
- sv69 replied Apr 22, 2015
Hi mystic, congratulations on your journal. I like your honest self-appraisal, and especially how youre developing insights about self-sabotage. Id suggest to you to focus on psychological clearing, and start using trading as a tool for ...
- sv69 replied Apr 21, 2015
I totally agree with you. Most of us transfer our psychological issues onto the market. It reminds of another stupid mistake I've made, and that is not learning from past mistakes. That's actually craziness / insanity !!! As Albert Einstein said; ...
- sv69 replied Apr 21, 2015
My biggest mistake was not being able to stay away from the markets when I had major psychological/emotional issues due to post-traumatic stress. Instead of seeking therapy, I decided to trade. Obviously I ended ramping up the trade frequency and ...
- sv69 replied Dec 30, 2014
Here are lessons from Market Wizards, it should pretty much cover it all, hope it helps: 1. Successful trader use trading methods that suit their personality 2. You can't control what the market does, but you can control your reaction to the market ...
- Posts by Member Search: 'sv69'