DislikedNo idea on Gro, i msged him on FB he didnt replied back....Mahesh i had some good talk with him a month or so ago....
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regards,
The Ultimate Fallacy in Technical Analysis 99 replies
"Technical Analysis Fallacy" thread people, I need your help 54 replies
Technical Analysis Fallacy Redux 23 replies
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DislikedNo idea on Gro, i msged him on FB he didnt replied back....Mahesh i had some good talk with him a month or so ago....
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DislikedStay Humble.........
Fine line we have to walk between harnessing ourselves and releasing the fear needed to see us through, as trading is counter to our sanity most of the time.
edit: see Viv's response aboveIgnored
DislikedThanks! In the back of my brain I have some worries about him, seems his last posts awile back he had run into some problems.
regards,Ignored
DislikedThis is still i am working on....took a long long time still taking... but i guess lvoe the Johny walker line
"keep walking "
Yup actually thats the reason i messaged him.....where is he keeps my mind rolling...
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DislikedKeep your ego aside and you are as(replace with ass) good as(replace with ass) your last trade...and always make sure you are taking care of the book...book should be saved all the time(like king in chess)...profits will come....and if you cant follow a simple rule of 3X the daily profit as your cutoff loss...some tsunami will definaltey come...
again my 2 cents...
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DislikedV,
By now you already know your limits...... positioning size while keeping the ability to read and trade properly with $'s on the line..... we all have and know this line/level of risk mentally if we are honest with ourselves.
Once established, then you can work on stretching it. But ignoring it will put you in a trap, as your emotions will kick in when you're in a DD above your mental tolerance, you won't be able to think your way out, so most if they are lucky just pull the plug and take the big hit, others freeze hoping the market...Ignored
DislikedStay Humble.........
In everything there's ebb and flow, ying & yang..... when your on a roll, you best be looking over your shoulder for the next draw down.
I say this figuratively, but it holds some truth, when we are in sync tradings easy.... easy also to get careless as there's no market checking your ego.... as the ego grows so normally does the size, we put on our Superaman underwear and we become bullet proof, at least mentally.
Fine line we have to walk between harnessing ourselves and releasing the fear needed to see us through, as...Ignored
DislikedHi Vic,
Thanks a million for your kind advice and wise words. I really have to learn this one day at a time. You are right about cutting lost. I typically do well for 2 months, almost 100% winning trades. And than the scorpion strikes... I get into a situation that I refuse to take a loser... and that can cost me a 10% draw down... the money they take is not a problem. it's the confidence they take that kills me... I need to keep that in check. otherwise, I will never make it as a trader.. And I really aspire to be one... like some of the senior...Ignored
DislikedWell i think most of veterans of this thread as you said know there limits at... i have many times closed the position with 1% loss whereas my threshold is 5%...when i saw myself loosing control on my mindset ...
for me the book is the result of doing thing right...like if you work out regularly and rightly you will look good...same way so i try to see my mindset and what needs to be done all the time..not sure if it is making sense... put it in this way...
Search for excellenece Success will follow...
i try to search for excellence and more...Ignored
DislikedDont think as cutting loss... losses are part of this business...think it was not your day today and you want to be better prepared for tomorrow....so you want to be LIVE to fight tmorrow....MONEY and MENTAL wise....
V
PS: when was last time you read 200 pages of this thread???Ignored
DislikedIf someone wants to search for great posts, they need to look no further that what you just posted my friend.
Hopefully those who read it will learn from your experiences..... it could sve them a bunch of pain.
regardsIgnored
DislikedIf someone wants to search for great posts, they need to look no further that what you just posted my friend.
Hopefully those who read it will learn from your experiences..... it could sve them a bunch of pain.
regardsIgnored
DislikedEuro's just sitting here banging on the door of 2850..... is it gonna enter or walk away????/
Crazy for this time of day, with the exception of the other day, NY sessions have been pretty rangy.
Edit: thank youIgnored
DislikedI really like that think/mindset.
And each time I learn more... Sometimes, I think that trading is like a mirror that reflects the best and the worst in me.....Ignored
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P.S. on the daily chart, EU looks ripe for a short soon...may tonite/tomnorrow? really my 0.5pip worth...Ignored
DislikedWell one last shot at breaking this thing for some distance.. see what happens but not holding much enthusiasm.Ignored
Dislikedthis is Fact...
This is PREDICTION
sorry had to jump on this...Ignored
DislikedI need to kill that predictive side of me, right?
No apologies needed, please. It's really for my good.Ignored
DislikedBe water....
http://www.youtube.com/watch?v=OW-cnizLDEE
See how much this relate to trading....
http://www.youtube.com/watch?NR=1&v=...ture=endscreen
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