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The Really Useless Thread

  • #10,021
  • Sep 8, 2011 9:56am Sep 8, 2011 9:56am
Quoting cloggie
You are a decent trader, you show good entries, decent exits. You need to take it to the next level now. If you are not full time and work a dayjob, you need to spend 10 hours a day around your job focusing on trading, a few hours before you go to work and a few hours after you come home. You need to print of a set of charts when you go to work and play with them. You need to keep a smartphone or office computer loaded with charts to look at during the day. You forgo your lunch hour and trade instead. You spend 12 hours a day on Sat/Sun working...
Ug, please don't remind me of the last few years... lol. Can't believe I havn't gotten fired yet to tell you the truth. Apparently I am still doing a good job at my job though...

Had the yearly review last week, expecting words of sh!t, instead got words of praise. I am always hard on my self though.

But yes, routine is very similar. Wake up late in the morning to get to work by 9, leave work around 6-7, go home, study the moves of the day, put some Asian plays in, study some more. Have charts popped open for a glance all day long at work. Usually on the charts until late Asia session (around midnight to 1:00 et)... back to bed, back to work.
  • #10,022
  • Sep 8, 2011 9:57am Sep 8, 2011 9:57am
Quoting cloggie
You don't enter this business for the fun of it. You enter this because it will give you a lifestyle that nothing else around can give you. You enter this business because you feel ready that your mind is better then the hundreds of thousands of traders and machines that are in the market at the same time. You enter this market with a goal, everybody here whether they admit it or not want to be a millionaire. You can't become one being nice, you got to take the market by the throat and squeeze as much out of it as you can.

If you have problems...
So true ,great post Cloggie
  • #10,023
  • Sep 8, 2011 10:00am Sep 8, 2011 10:00am
Quoting FibbinArchie
really appreciate the pep talk, thanks cloggs...

FF is fun, it is a good place to hang out and shoot the breeze. You are not going to learn to trade here though, you will not learn what you need to learn about yourself to make it in this business. IF you really want to make it in this business, and I mean really make it, lock yourself in a dark room for the next 90 days and see what difference it makes, you will be pleasantly surprised.

Only come out to eat, sleep and go to work. Every available minute of the day lock yourself in that room and work on your trading. No TV, no entertainment, no friends, no life. If you want it bad enough, give yourself those 90 days and you will see what this business can do for you. You will make more in those 90 days then you have in the last year.

If you are in a relationship or have a family, sit them down and get their support. 90 days in a lifetime is peanuts.....

Now Feck of and go to work, see you in December.........
  • #10,024
  • Sep 8, 2011 10:03am Sep 8, 2011 10:03am
Quoting cloggie
FF is fun, it is a good place to hang out and shoot the breeze. You are not going to learn to trade here though, you will not learn what you need to learn about yourself to make it in this business. IF you really want to make it in this business, and I mean really make it, lock yourself in a dark room for the next 90 days and see what difference it makes, you will be pleasantly surprised.

Only come out to eat, sleep and go to work. Every available minute of the day lock yourself in that room and work on your trading. No TV, no entertainment, no...
lol, yes sir, if you see any posts then it's my evil twin...
  • #10,025
  • Sep 8, 2011 10:07am Sep 8, 2011 10:07am
Thing about this is I know I am not ready to do this full time yet. One of my strengths... I am very self aware.

The swing trading pulls in plenty of extra cash when i'm doing well. But I still have to get some emotions in check, debt eliminated etc.

My leverage is still pretty high. No where near where it would be if I depended on the cash for a living. Right now, since its strictly a side account, it's all about aggressive growth to build myself a nice little account to trade from when the time comes. I still project another 2-3 years before I can do this for a living. The smaller time frames are still a bit out of my control, but the skillset has been advancing.
  • #10,026
  • Sep 8, 2011 10:08am Sep 8, 2011 10:08am
Quoting FibbinArchie
lol, yes sir, if you see any posts then it's my evil twin...

Being here means you are either a muppet looking for crumbs (which you are not), a trader who is comfortable with what he does and just wants the entertainment (probably less then a dozen here out of 30k members), or someone who is a bit lost, stuck in between. Not quite the muppet anymore, not quite the pro.

You are in the middle of the 2 and you look here for encouragement. You have posted on average almost 13 posts a day. Don't you think you could use that time to get to the next level? By all means read some of the posts here, just in case you miss something. But focus your time and effort on your trading.

It is all up to you, you get out of this what you put in.
  • #10,027
  • Sep 8, 2011 10:11am Sep 8, 2011 10:11am
It's funny you mentioned this. It's what I've done for about a year before I showed up on FF again. There is a gap in my posts history... I cut off all relations with the "friends" I had, dark room, quiet for more than a year. Family was behind all these. I haven't gone out to have fun in years now. I think Red said he did the same for 3 years until he figured this out. Fortunately now I can chew gum and walk in the same time, that's why I'm here passing time, shooting crap... You are absolutely correct in what you said. There's simply no other way. I know because I lived this way for a long while now...

Quoting cloggie
FF is fun, it is a good place to hang out and shoot the breeze. You are not going to learn to trade here though, you will not learn what you need to learn about yourself to make it in this business. IF you really want to make it in this business, and I mean really make it, lock yourself in a dark room for the next 90 days and see what difference it makes, you will be pleasantly surprised.

Only come out to eat, sleep and go to work. Every available minute of the day lock yourself in that room and work on your trading. No TV, no entertainment, no...
  • #10,028
  • Sep 8, 2011 10:12am Sep 8, 2011 10:12am
Quoting cloggie
It is all up to you, you get out of this what you put in.
I'm exhausted. Things are looking wonderful though.
  • #10,029
  • Sep 8, 2011 10:12am Sep 8, 2011 10:12am
Quoting Venice
I'm exhausted. Things are looking wonderful though.

Nobody ever said this was easy.
  • #10,030
  • Sep 8, 2011 10:13am Sep 8, 2011 10:13am
Quoting cloggie
Being here means you are either a muppet looking for crumbs (which you are not), a trader who is comfortable with what he does and just wants the entertainment (probably less then a dozen here out of 30k members), or someone who is a bit lost, stuck in between. Not quite the muppet anymore, not quite the pro.

You are in the middle of the 2 and you look here for encouragement. You have posted on average almost 13 posts a day. Don't you think you could use that time to get to the next level? By all means read some of the posts here, just in case...
definitely somewhere between the two, and you're totally right, must've missed hundreds if not thousands of signals over the past two years, because i was thinking up witty, posts for here, i trade better in isolation that's for sure...
  • #10,031
  • Sep 8, 2011 10:13am Sep 8, 2011 10:13am
Quoting cloggie
FF is fun, it is a good place to hang out and shoot the breeze. You are not going to learn to trade here though, you will not learn what you need to learn about yourself to make it in this business. IF you really want to make it in this business, and I mean really make it, lock yourself in a dark room for the next 90 days and see what difference it makes, you will be pleasantly surprised.

Only come out to eat, sleep and go to work. Every available minute of the day lock yourself in that room and work on your trading. No TV, no entertainment, no...
very true.i need a cave.
Gold Expedition Return This Year: -16.4%
  • #10,032
  • Sep 8, 2011 10:14am Sep 8, 2011 10:14am
Quoting FibbinArchie
definitely somewhere between the two, and you're totally right, must've missed hundreds if not thousands of signals over the past two years, because i was thinking up witty, posts for here, i trade better in isolation that's for sure...

Then spend this weekend formulating a plan to take your trading to the next level.

Anyways, mid-fix here, I am done for the day.


l8r kids.
  • #10,033
  • Sep 8, 2011 10:15am Sep 8, 2011 10:15am
Quoting sofia101
good morning traders ) I have done better trading with my pending orders ) coffee now
morning
  • #10,034
  • Sep 8, 2011 10:17am Sep 8, 2011 10:17am
Quoting cloggie
Then spend this weekend formulating a plan to take your trading to the next level.

Anyways, mid-fix here, I am done for the day.


l8r kids.
l8tr cloggs, nice one...
  • #10,035
  • Sep 8, 2011 10:21am Sep 8, 2011 10:21am
Quoting attila
It's funny you mentioned this. It's what I've done for about a year before I showed up on FF again. There is a gap in my posts history... I cut off all relations with the "friends" I had, dark room, quiet for more than a year. Family was behind all these. I haven't gone out to have fun in years now. I think Red said he did the same for 3 years until he figured this out. Fortunately now I can chew gum and walk in the same time, that's why I'm here passing time, shooting crap... You are absolutely correct in what you said. There's simply no other...
I guess that is what it takes ,it took for me more then a year ,but it was worse it )
  • #10,036
  • Sep 8, 2011 10:22am Sep 8, 2011 10:22am
Quoting fxjawn
morning
how are you?
  • #10,037
  • Sep 8, 2011 10:23am Sep 8, 2011 10:23am
Bastid just doesn't want to go quietly from this range.

Flatski...top green line is a pending order that didn't get filled...

Attached Image (click to enlarge)
Click to Enlarge Name: 5min.PNG Size: 45 KB
  • #10,038
  • Sep 8, 2011 10:29am Sep 8, 2011 10:29am
normally id say keep a finger on the out button on your longs if we closed below 3971.. and one on your nutz if we closed below 3941... in the next h close.
but its the time of the day we drift north. often after that h close, after making a low. my day doji was green.. mostly uses babel here. but waTCH the levels closes.
those who can, do. those who cant, talk about those who can
  • #10,039
  • Sep 8, 2011 10:30am Sep 8, 2011 10:30am
Quoting sofia101
I guess that is what it takes ,it took for me more then a year ,but it was worse it )
Few people realize. The first few years consist in pure mental torture. That's the price we have to pay.
  • #10,040
  • Sep 8, 2011 10:30am Sep 8, 2011 10:30am
Quoting kenfen69
Bastid just doesn't want to go quietly from this range.

Flatski...top green line is a pending order that didn't get filled...

Attachment
Sorry for that green line....all orders in here too ...just sit and wait till BB....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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