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- 20 Results (2 Threads, 18 Replies)
- Minter replied Feb 18, 2019
Not sure why I started another thread when I could've just put this link in here (don't know how to delete a thread neither). The link below is an interview which reinforces the psychology and mentality concepts I've mentioned as well as various ...
Trader Mentality & Psychology
- Useful video about prop trading as a career, psychology etcStarted Feb 16, 2019|Trading Discussion|0 replies
I believe there is value in this video for people thinking about doing trading full-time, ...
- Minter replied Dec 5, 2018
Not gonna lie, some days, I would love to down a whole bottle of the blue stuff. on a sidenote to one of the points I was watching in the discussion, i guess depending on your leverage, billions in turnover isn't too crazy. I mean as a comparison ...
False Prophets
- Minter replied Dec 4, 2018
this thread is hilarious, please keep it up, esp Dukas and Eco. I'm quite new to the forum so I don't really know the backstory is but, it's great light-hearted entertainment.
False Prophets
- Minter replied Dec 4, 2018
It's been a very busy month and a good one at that. In terms of 'classroom' material I've already posted all that I teach from a psychology / mentality point of view, as mentioned earlier, I trade a very different market (AUS/US bond futures for ...
Trader Mentality & Psychology
- Minter replied Nov 3, 2018
I would refer you to my post in this thread earlier but also, consider this: the stop level is some arbitrary level you've decided, regardless of what indicators, S/R you used to come up to that level. How the market got there makes a lot of ...
Pro traders who do not use SL, What about Black Swans?
- Minter replied Nov 2, 2018
Just finished up Non-farms and a good week so thought I'd continue on with my Psychology & Mentality posts. If you haven't read my first post on Psychology and the Blackjack analogy, I would recommend that as this continues on similar concepts. ...
Trader Mentality & Psychology
- Minter replied Nov 1, 2018
This discussion seems to be going around in circles especially with people with different definitions of what a 'stoploss' is. If you're asking do I use an automatic 'stoploss' that triggers based on a price / volume, very rarely, some pro traders ...
Pro traders who do not use SL, What about Black Swans?
- Minter replied Oct 29, 2018
I've seen so many posts where people claim that somehow, a small account puts them at a disadvantage. They must just want something to blame. Unless of course if your account is so small that you can't even exercise proper risk management. But I'm ...
8 Years Later - Still Not Winning
- Minter replied Oct 29, 2018
Trading Mentality - An MMA Analogy In this post, I'm going to talk about the mentality of becoming a trader, it's probably more relevant for newer traders but serves as a good refresh for more experienced traders. Typically people go into trading ...
Trader Mentality & Psychology
- Trader Mentality & PsychologyStarted Oct 18, 2018|Trading Discussion|31 replies
The craziest thing I've seen on this forum - is that there are such little threads about ...
- Minter replied Oct 18, 2018
Quite the contrary, as a firm specialising in daytrading, we trade tiny timeframes. Entry and exits go from 5-10 mins down to seconds. I find shorter timeframes are easier to predict, market order flow is real. People who are caught and puking out ...
Profitable Trading
- Minter replied Jul 12, 2018
I agree with everything else you are saying except for one thing, trading is hard work but it doesn't have to be painful and should be enjoyable to a certain extent. I'm not saying it's easy and I definitely agree that anyone looking for easy money ...
Successful traders are very, very rare to find
- Minter replied Jul 12, 2018
You won't ever make a career in one trade, but you can definitely end a career in one trade. If you don't use stop losses (be it mental or actual), then you're not taking trading seriously as you're willing to risk your entire trading career/account ...
Stop Loss or Hedge It?
- Minter replied Jul 11, 2018
It is indeed a great website - my entire firm uses this (and still do) to keep track of economic news for the last 5-6 years.
Is trading really that hard?
- Minter replied Jul 11, 2018
First of all let me qualify, I'm not a FX trader, I trade interest rate futures professionally at a large firm so take what you will from this. This is what I preach to my guys: forget PnL (obviously still manage your risk and what you can afford to ...
Why 99% of traders lose money
- Minter replied Jul 11, 2018
Just remembered one thing, the most important trait, in my opinion and based on witnessing probably 50-100 traders come and go over last 5 years, is having the mentality that this is the only thing they're going to do. The top 5-6 traders in my ...
Successful traders are very, very rare to find
- Minter replied Jul 10, 2018
Any 'trading course' should be taken with a grain of salt. Even if the course is good. These guys sell dreams and whilst I'm sure they have disclaimers somewhere in small print, they should be up front to stop uninformed people pouring their life ...
Retail Brokers and "Trading Educators"
- Minter replied Jul 10, 2018
My 2 cents: the best type of mentality is being risk neutral. The ideal zen state is to be indifferent to all trades and their outcomes, the only thing you should be checking is to make sure your edge actually exists. People often get the wrong idea ...
The Trader's Academy - by Traders for Traders
- Minter replied Jul 10, 2018
The success rate of traders who work for professional firms (from what I've observed) is around 5-10%. Mind you this is people who trade professionally and full-time. Most people are fired or leave within the year. This rate would be considerably ...
Successful traders are very, very rare to find
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