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  • #1,121
  • Jul 3, 2025 11:53am Jul 3, 2025 11:53am
Quoting vidvad
And in the section below, he really nails golf in a way that I think relates very well to trading
If I understood correctly, you mean that intuition, gut feeling, and experience are more important in golf than analyzing everything beforehand.

I agree. This is probably the case in most sports at the professional level. No matter how well you try to analyze a Tiger Woods, a Michael Jordan, or a Messi, you won't be able to copy them. I played golf for several years myself, as well as many other sports. Unfortunately, I currently lack the money and time for it. However, I regularly go swimming and to the gym to balance out all the screen time.

Anyway, I would say that most "newbies" unfortunately don't have the necessary experience and intuition to succeed in trading. After 10-15 years of trading, I'm including myself in this, and it's also leading me to realize that a purely mechanical trading style would suit me better than relying on my intuition/discretion. Whether there's something like that that's profitable enough to achieve my goals is another matter. Probably not the many "EAs" you can find all over the internet for a few hundred dollars.

Overthinking- I plead guilty. Unfortunately, it wasn't entirely intentional, as I've struggled with generalized anxiety disorder and depression since my teenage years. I've tried everything, but my mind is hard to switch off (one more reason for me to want to automate my trading as much as possible, without the influence of intuitive decisions).

  • #1,122
  • Jul 3, 2025 12:03pm Jul 3, 2025 12:03pm
Quoting driven18
"My mind is empty, blank, nothing but awareness of the moment."..and that is the secret that 95% of traders miss.
Never going to happen unless you become a robot.

“The average human brain generates roughly 50,000 to 70,000 thoughts per day. This translates to approximately 35 to 48 thoughts per minute“

(Multiply that by a factor of x1000 and you found my own result).

In any case, it's an illusion to believe you can control your thoughts to the point where they no longer influence your trading (if you operate this as a „click and point“ - manual trader).

Only all those "mindfulness gurus" can do that.
  • #1,123
  • Edited 1:55pm Jul 3, 2025 12:22pm | Edited 1:55pm
Quoting Noisy
{quote} Never going to happen unless you become a robot. “The average human brain generates roughly 50,000 to 70,000 thoughts per day. This translates to approximately 35 to 48 thoughts per minute“ (Multiply that by a factor of x1000 and you found my own result). In any case, it's an illusion to believe you can control your thoughts to the point where they no longer influence your trading (if you operate this as a „click and point“ - manual trader). Only all those "mindfulness gurus" can do that.
You are judging people, based on your believes and your issues. You will be a loser with that attitude.

I control my MindF*ck 100%, because I believe in me. I am up 68% this year based on my believe and above 100% over each of the last 4 years.

Advice: For your MindF*ck, start studying Mark Douglas and Rande Howell, it may help. I studied and attended Rande Howell webinars and worked with him for a little awhile.

As I said before, Work Hard and you will be a Winner!
  • #1,124
  • Jul 3, 2025 12:49pm Jul 3, 2025 12:49pm
I just noticed after coming back from a swim that my S&P 500 MeBob trade ended profitably, reaching TP before the SL. Only 3 points for 1.00 lots, but that's secondary for now. It was a set and forget trade, which is what I'd like to continue.

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  • #1,125
  • Jul 3, 2025 12:53pm Jul 3, 2025 12:53pm
Quoting driven18
{quote} You are judging people, based on your believes and your issues. You will be a loser with that attitude. I control my MindFu*ck 100%, because I believe in me. I am up 68% this year based on my believe and above 100% over each of the last 4 years. Advice: For your Mindf*ck, start studying Mark Douglas and Rande Howell, it may help. I studied and attended Rande Howell webinars and worked with him for a little awhile. As I said before, Work Hard and you will be a Winner!
I'm not judging anyone. Quite the opposite. I'm just stating facts. Whatever works for you. I wish you all the best!
  • #1,126
  • Jul 3, 2025 2:02pm Jul 3, 2025 2:02pm
Quoting vidvad
{quote} I play a lot of golf. Over the years I've become a decent player. I am by no means an expert or pro level, but I do well enough to enjoy it every time I get a chance to go out and play. My bad shots now are like my best shots were as a beginner. Again, I'm no "great athlete." I recently saw a new interview with Paul Azinger, who is a great golfer. And in the section below, he really nails golf in a way that I think relates very well to trading: Paul Azingher: It's just gotten out of hand I think some of this [golf] instruction. Interviewer:...
Wasn't there some guy somewhere who was accused of insider trading or otherwise cheating to obtain profits. He was autistic or similar I seem to remember. He was said to play scalping etc like a video game, getting into trades and hanging on or promptly chopping the trade if it hit his "This is where I am proved wrong" spot ?
They tried to extradite him to the US but I think he was exonerated eventually. I remember a clip where his fellow traders were clustered around him whilst he traded whilst wearing his head phones. The firm let him go because " he wasn't a team player but he made a few million.
every Saint has a past. Every Sinner has a Future
  • #1,127
  • Jul 3, 2025 2:05pm Jul 3, 2025 2:05pm
Quoting Noisy
{quote} I'm not judging anyone. Quite the opposite. I'm just stating facts. Whatever works for you. I wish you all the best!
Read your post again. You are making assumptions. Just saying.
every Saint has a past. Every Sinner has a Future
  • #1,128
  • Jul 3, 2025 3:03pm Jul 3, 2025 3:03pm
Quoting turnip15
{quote} Wasn't there some guy somewhere who was accused of insider trading or otherwise cheating to obtain profits. He was autistic or similar I seem to remember. He was said to play scalping etc like a video game, getting into trades and hanging on or promptly chopping the trade if it hit his "This is where I am proved wrong" spot ? They tried to extradite him to the US but I think he was exonerated eventually. I remember a clip where his fellow traders were clustered around him whilst he traded whilst wearing his head phones. The firm let him...
I think you might be referring to the flash crash trader whom the US blamed for the 2010 flash crash. He plead guilty to spoofing and I believe he was banned from trading for life.

Criminal Division | United States v. Navinder Singh Sarao

He was obviously a scapegoat and had nothing to do with causing the flash crash. He wasn't even in the market at the time of the crash!

I do believe he had some form of autism and they say that that allowed him to focus on the market and shut everything else out and he was not at all interested in money or wealth or fame.
Life itself is a privilege, but to live life to the fullest is a choice
  • #1,129
  • Jul 3, 2025 11:06pm Jul 3, 2025 11:06pm
Quoting turnip15
{quote} Wasn't there some guy somewhere who was accused of insider trading or otherwise cheating to obtain profits. He was autistic or similar I seem to remember. He was said to play scalping etc like a video game, getting into trades and hanging on or promptly chopping the trade if it hit his "This is where I am proved wrong" spot ? They tried to extradite him to the US but I think he was exonerated eventually. I remember a clip where his fellow traders were clustered around him whilst he traded whilst wearing his head phones. The firm let him...
Hi Turnip

What the Flash Trader was doing was never explained in books written about him so here is a simple description on how he was trading. By the way it still works today without spoofing but obviously not as profitable.
He traded ES where he noticed that if you stack the Ask’s (selling orders) with large orders, price would rise consume to this liquidity due to type B algorithm’s.
Therefore he worked out that if he placed large Selling orders on a DOM in the amount of millions, he could immediately execute BUY market orders on the market to ride the bullish move. He would then cancel the Selling order by an EA milliseconds before execution.
He was reported to of made $80 million dollars this way but then sadly lost it all too scammers.

Simple really.

There was also that Russian guy doing the same thing before he worked out this strategy but he when unnoticed and unpunished.

Cheers
Trading thin liquidity at the boundary of the charts
  • #1,130
  • Jul 4, 2025 2:17am Jul 4, 2025 2:17am
Quoting RickM
{quote} Hi Turnip What the Flash Trader was doing was never explained in books written about him so here is a simple description on how he was trading. By the way it still works today without spoofing but obviously not as profitable. He traded ES where he noticed that if you stack the Ask’s (selling orders) with large orders, price would rise consume to this liquidity due to type B algorithm’s. Therefore he worked out that if he placed large Selling orders on a DOM in the amount of millions, he could immediately execute BUY market orders on the...
So he
Spoofed the Spoofers
  • #1,131
  • Jul 4, 2025 3:03am Jul 4, 2025 3:03am
Quoting OAPDave
{quote} So he Spoofed the Spoofers
Godmode Spoofer
  • #1,132
  • Jul 4, 2025 3:12am Jul 4, 2025 3:12am
DAX | MeBob (09:35-09:40 GMT+2)

MeBob High: 23.822,16
MeBob Low: 23.802,16
Range: 20 Points

Entry: 23.795,66
SL: 23.823,26 (27,94 Points)
TP: 23.767,93 (27,73 Points)

1 x SELL (win)

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  • #1,133
  • Jul 4, 2025 3:25am Jul 4, 2025 3:25am
Quoting RickM
He was reported to of made $80 million dollars this way but then sadly lost it all too scammers.
Easy come, easy go
  • #1,134
  • Jul 4, 2025 7:57am Jul 4, 2025 7:57am
Today trade
DAX: 1 (short), winner
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  • #1,135
  • Jul 4, 2025 8:08am Jul 4, 2025 8:08am
Quoting OAPDave
{quote} So he Spoofed the Spoofers
That is exactly what he was doing. In fact, he was in no small measure motivated by what he perceived as the unfair practices of the HFT firms and since the CME wouldn't do anything about them, he decided to take them on himself. His strategy and algo's are actually explained in some detail in Flash Crash by Liam Vaughan. Sarao had custom programming done for his platform, which for most of the time was Trading Technologies. It is a great read. I read it for the first time in July of 2020 when on vacation at the Jersey Shore. We go every July and I've re-read it on the beach every summer since, and its already packed and ready for a fifth read in a few weeks. His is a great story, and he did not deserve being victimized by the US Government. He was a scapegoat.
Life itself is a privilege, but to live life to the fullest is a choice
  • #1,136
  • Jul 4, 2025 8:09am Jul 4, 2025 8:09am
Quoting Noisy
{quote} Easy come, easy go
It really is very sad what happened to him. Nothing to laugh at, imo.
Life itself is a privilege, but to live life to the fullest is a choice
  • #1,137
  • Jul 4, 2025 1:55pm Jul 4, 2025 1:55pm
I hope you all had a good week!

Regarding Risk/MM

Do you think that splitting an entry order into multiple orders, moving stop losses to break even, or taking partial profits provides any advantage?
  • #1,138
  • Jul 4, 2025 2:08pm Jul 4, 2025 2:08pm
Quoting Noisy
I hope you all had a good week! Regarding Risk/MM Do you think that splitting an entry order into multiple orders, moving stop losses to break even, or taking partial profits provides any advantage?

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Life itself is a privilege, but to live life to the fullest is a choice
  • #1,139
  • Jul 4, 2025 3:49pm Jul 4, 2025 3:49pm
Some afternoon Blues ramblings on a sunny Beautiful day on the WestCoast of Canada

This question makes me think.. How this thread at it’s crux is about executing a plan and building
confidence thru execution (the way I see it )

My simplified answer is just to execute these ideas yourself as only you can answer that question.
As only you pulls the trigger and your unique individual performance will determine the outcome of your question. If that all makes sense !

Diving a little deeper I cant help but to think about the basics of trading.. In my personal view that is.
As we all have heard trading is like a 3 legged stool... The 3M’s Method, Money Mgmt and Mindset.

What really drives these 3 core factors in trading ? IMO a biggy is performance...This is a performance
business and to be consistently successful you need solid performance in all 3 areas. I think the method in all honesty is the least important for a retail trader. As long as you have a simple edge with your system/method to exploit. Mmgmt.... Yep a big factor with so many variables. And Mindset a biggy too.

But without a method with edge or no risk/money mgmt ..All the positive mindset in the world wont
make you the trade you desire.

What im getting at comes from Noisy’s question. And that is what many are missing is simply SKILL.
Trading is a high performance business full stop.. As a retail trader we cant compete with intelligence.
The market is filled with the absolute brightest at the professional institutional levels.

An average strategy executed consistently will outperform a great strategy executed inconsistently every single time.

The secret is NOT in finding the perfect system. It's in consistent execution !

Consistent execution is a skill that takes time to develop... Like any job it can take years to develop a high degree of proficiency. SKILL thru EXECUTION. And Noisy’s question really made me think..

As YES splitting entries has benefits as does partial profits and moving stops to BE... But the OUTCOME is determined by your performance by your skill levels..

We are all at different points in our journey as traders but the one thing that will drive you further down the road to a “Consistently profitable trader” is SKILL-FULL EXECUTION...
Just think of your work for ex... If you try to perform a “job” above your skill level you will get frustrated. That frustration lets psychology creep in doubting your abilities etc.

So start SIMPLE in trading... Like a ORB and really focus on developing your SKILLS in executing your method. The positive benefits you will reap from executing a simple plan and mastering it are many. Build your skillset with the solid foundation of a simple method .. Then add in more variables if need be. Whether its scaling in or out etc etc...

Build your skillset thru repeated daily execution... btw backtesting wont do jack shit if you can not
skillfully execute it in real time... Seriously strive for 1% better everyday... It may sound cliche but its not if you are serious about this business. Just some rambling Friday afternoon thoughts Maaaan !

KEEP IT SIMPLE ! and develop your SKILLS...
Why do you think Kobe Bryant would do 250 shots pregame every single game ? Didnt he know how to shoot hoops ?
Why do Pro Golfers hit bucket after bucket after bucket of balls at the range ?

SKILL SKILL SKILL thru EXECUTION... Master the BASICS folks and your trading will improve.

Thats all folks its 1:50 pm Friday afternoon time to get off the computer and do something with my day !

Blue
Master your Mind,,,Master the Market
  • #1,140
  • Jul 4, 2025 4:20pm Jul 4, 2025 4:20pm
Quoting bluesteele
The secret is NOT in finding the perfect system. It's in consistent execution !
I don't want to deny that consistent execution is important, but if what you're doing simply isn't producing the desired result, 100% consistent execution will only waste your time.

As you say, this is a performance business, and you don't get paid to constantly pick your nose.

I therefore also disagree with the often quoted line from Malcolm Gladwell's book "Outliers." It states, "It takes 10,000 hours to become an expert." To me, that's generalized BS.

If you spend 10,000 hours learning the wrong thing, it will gain you absolutely nothing except a lot of time.

Show me what to execute i’ll execute it a 100 times exactly the way you describe it. Let’s find out if that will make me reach my goals…
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