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  • #1,581
  • Feb 9, 2023 12:28pm Feb 9, 2023 12:28pm
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  • #1,582
  • Feb 10, 2023 4:35am Feb 10, 2023 4:35am
Sums up my struggles.
For some reason I have been Staying away from meditation and other mindfulness techniques.
Awareness of our own thought process is the first step.
I don't like this process but my trading results laughing at my face.
Whatever it takes... I Will give my best.
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  • #1,583
  • Mar 1, 2023 11:49am Mar 1, 2023 11:49am
"consider the inverse all the time".
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  • #1,584
  • Mar 7, 2023 2:02am Mar 7, 2023 2:02am
Couldn't stick with simple plan, keep changing and going back to old style.
Going fucking mental here. Paying for challenges supposedly money kept for bills to pay.
Degenerated gambler I became..
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  • #1,585
  • Mar 7, 2023 2:29am Mar 7, 2023 2:29am
Why don't you just determine the trend flow/direction first and trade in that direction ONLY?

Don't trade noise. Trade the flow. Watch and find the bigger picture.

If you have a gambling mentality you have to change that first.
Consistancy and patience are the most rewarding skills.

I had a kind of gambling mentality on the start of my trading career and had to change that first to become profitable.
Took me some years to overcome.

You will never win in this way of trading.
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It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,586
  • Mar 7, 2023 3:18am Mar 7, 2023 3:18am
Moved to 15min in the direction of H4.
But gambling mindset of taking multiple risk on a single trade is what keep in this vicious cycle.
I promised not to do the same next time but does it anyway next day.
Repeated this numerous days.
Self control, focus, awareness...
How am I going to break this cycle?
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  • #1,587
  • Mar 7, 2023 8:16am Mar 7, 2023 8:16am
Quoting Rmg
Moved to 15min in the direction of H4. But gambling mindset of taking multiple risk on a single trade is what keep in this vicious cycle. I promised not to do the same next time but does it anyway next day. Repeated this numerous days. Self control, focus, awareness... How am I going to break this cycle?
By losing enough money in the beginning, so that you have to change mind course to survive.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,588
  • Mar 7, 2023 8:18am Mar 7, 2023 8:18am
Quoting Dutchy Daxy
{quote} By losing enough money in the beginning, so that you have to change mind course to survive.
Lost More then I can afford to.
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  • #1,589
  • Mar 7, 2023 8:23am Mar 7, 2023 8:23am
Quoting Rmg
Moved to 15min in the direction of H4. But gambling mindset of taking multiple risk on a single trade is what keep in this vicious cycle. I promised not to do the same next time but does it anyway next day. Repeated this numerous days. Self control, focus, awareness... How am I going to break this cycle?
Stop trading RMG, specially for people live around you....or change completely your mind, your approach about trading on every minute you will trade.
Every minute!

Sorry to be a little bit rough, I hope you understand me.
I call upon my father's spirit , watching over me
  • #1,590
  • Mar 7, 2023 9:32am Mar 7, 2023 9:32am
Quoting Rmg
How am I going to break this cycle?
Hi Rmg, I read you ask this question. I also read you described your gambling spirit of opening multiple risk.

Now, here I offer my answer to you. How you break this gambling cycle.

1. Stop buying challenge package.

2. I'm sure you want to trade. You believe you have the strategy to win. You lose because of your gambling spirit.

I say, no you don't have a trading strategy to win. I disagree. You have no chance to win. You have to wake up from your slumber to realise this.

If you disagree with me, open a usd10 account with ICMarkets. Prove to me you can earn 10usd from this account.

Cheers
BWilliam
Know what you trade
  • #1,591
  • Mar 7, 2023 10:00am Mar 7, 2023 10:00am
Quoting BWilliam
{quote} Hi Rmg, I read you ask this question. I also read you described your gambling spirit of opening multiple risk. Now, here I offer my answer to you. How you break this gambling cycle. 1. Stop buying challenge package. 2. I'm sure you want to trade. You believe you have the strategy to win. You lose because of your gambling spirit. I say, no you don't have a trading strategy to win. I disagree. You have no chance to win. You have to wake up from your slumber to realise this. If you disagree with me, open a usd10 account with ICMarkets. Prove...
Again I don't have a slightest doubt my technical edges.
Risk management is the issue aka get rich quick mentality.
I am not sure about opening a trading account with 10usd is it even possible?
If so I like to prove it to you.
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  • #1,592
  • Edited 1:55pm Mar 7, 2023 1:40pm | Edited 1:55pm
Dopamine detox is the first step towards unwinding this.

So I am stopping until my mindset has changed for sure.

I don't need to prove anyone my edge, hell I have millions off discretionery trades proves to me that I got skills.

I can't quit, hell am more motivated then ever... when people tells me " YOu will never going to make it".

Thanks folks.

.
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  • #1,593
  • Mar 7, 2023 2:11pm Mar 7, 2023 2:11pm
Quoting Rmg
Moved to 15min in the direction of H4. But gambling mindset of taking multiple risk on a single trade is what keep in this vicious cycle. I promised not to do the same next time but does it anyway next day. Repeated this numerous days. Self control, focus, awareness... How am I going to break this cycle?

You and I have have already spoken about this issue, at length.

Risk Management significantly outweighs Technical Strategy.

You can have a very dull technical edge and with good Risk Management achieve consistent profitability.

Conversely, you can possess the holy grail of technical analysis and with poor Risk Management you will likely be a breakeven trader.

From what i have observed, you keep trading in hopes of improving your technical skills enough to compensate and ultimately outweigh your lack of discipline. This is foolish because it is literally impossible.

It is also important to note that these combines/challenges are worthless because ultimately they neither validate your risk acumen nor do they prevent you from being indiscipline in the future. They only take your money while offering a false sense of security if achieved.

The behavioral change you seek and require will not be found staring at candles and clicking. Indeed, at this point, the candles may be compounding the problem. Get off the charts, choose a behavior modification technique that sounds appealing, and then do the hard work required to de-program these impulses that are holding you back.

I wish you the best RMG.
  • #1,594
  • Mar 7, 2023 2:37pm Mar 7, 2023 2:37pm
Quoting Nik-Nyc
{quote} You and I have have already spoken about this issue, at length. Risk Management significantly outweighs Technical Strategy. You can have a very dull technical edge and with good Risk Management achieve consistent profitability. Conversely, you can possess the holy grail of technical analysis and with poor Risk Management you will likely be a breakeven trader. From what i have observed, you keep trading in hopes of improving your technical skills enough to compensate and ultimately outweigh your lack of discipline. This is foolish because...
I am getting off the charts now Nick.
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  • #1,595
  • Mar 7, 2023 4:46pm Mar 7, 2023 4:46pm
Quoting Dutchy Daxy
Why don't you just determine the trend flow/direction first and trade in that direction ONLY? Don't trade noise. Trade the flow. Watch and find the bigger picture. If you have a gambling mentality you have to change that first. Consistancy and patience are the most rewarding skills. I had a kind of gambling mentality on the start of my trading career and had to change that first to become profitable. Took me some years to overcome. You will never win in this way of trading.{image}...
I Agree with you in 100%!
  • #1,596
  • Mar 9, 2023 2:37pm Mar 9, 2023 2:37pm
Instead of 10usd spent £70 to show someone this .
Once you get the narrative right, managing risk is the important task not the strategy as you caught up with.
Sorry Nick and brixen ,one last attempt.
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  • #1,597
  • Mar 9, 2023 2:56pm Mar 9, 2023 2:56pm
What is an edge in trading?
Knowing what is about to happen next.
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  • #1,598
  • Mar 10, 2023 2:02am Mar 10, 2023 2:02am
Nice little 200 point profit while sleeping
Lousy close at the lows yesterday, intuitive trade no specific strategy.
Set a Sell limit at the gap around Y close.
If no trigger no other trades for the day.
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  • #1,599
  • Mar 10, 2023 5:51am Mar 10, 2023 5:51am
A liquidity spike above YL
Longs hit tp.
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  • #1,600
  • Mar 10, 2023 6:15am Mar 10, 2023 6:15am
I am gonna stay away from FF AND FB for a very long time. Part of the dopamine detox and unnecessary ego Trip.
Thanks folks.
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