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It's A Heart-Mind Game... Are You Ready?

  • #461
  • Apr 28, 2012 8:55pm Apr 28, 2012 8:55pm
There is a post I found in Rufus' Journal thread posted by Kenneth Lee on anger and being happy. Very matter-of-fact. The trading world can leave a person with that emotion and other emotional residues...and yet, we've got to live on. The wisdom in his post helps point the way to a better day. We all will need it from time to time. The market can have the same effect on us as the people we meet.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #462
  • Edited 10:14am Apr 29, 2012 3:19am | Edited 10:14am
What false hope looks like when you're in a losing trade and the retracements help to keep you going and to keep you hoping...Funny how as soon as you decide you can't hold on any longer and you close the trade and flip (without checking the market), it begins to go "your way"...and you're in for another ride...because you didn't check the market: another carrot to chase.

Don't let False Hope take you for a ride. Change your mind; stop the horse (the trade) and get off so both you and the horse have a real chance to get to the carrot. The carrot is within reach; it's just the trader's direction and positioning in relation to the location of the carrot that needs adjusting . The needed adjustment must first be made in the heart-mind of the trader right?

Maybe that will help somebody next week and beyond...

FX4

P.S. Thanks Textor for the pic.
Attached Image
Trade what you see, not what you think or feel. Let the market come to you.
  • #463
  • Edited 10:12am Apr 29, 2012 8:32am | Edited 10:12am
If in the above pic the trader is actually dangling the carrot and he/she is chasing it as well, then that could be a self-sabotaging situation. They're setting themselves up to fail.

The market doesn't dangle carrots by the way. It just "expects" the trader to wait until things are ready and the market actually begins to go in the direction it intends to. Maybe it hopes that traders will dangle their own carrot. For those traders who may be so inclined, the market might give you some ideas to help you out .

Any thoughts?

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #464
  • Edited 7:18pm Apr 29, 2012 11:01am | Edited 7:18pm
A couple of links: 1,2

work hard -- measure; be lucky -- leverage
"Carrot and stick If you use a carrot-and-stick approach, you use the promise of reward and the threat of punishment to make somebody work harder."
Then, carrot and stick measures with punishment and risks with leverage.
I doubt someone (a common wage-earner) under the gun (a starter for greyhounds, who chase a rabbit (who eats carrots)) will be very happy with a highly risky punishment that may not provide the wealth society dictates such a risk allows, so the one (a ceo) promising must go for the least amount of risk possible.

If one considers a promising technique in a highly risky venture such as trading, though,
the consistent threat of punishment at a moment's notice, that is, of losing everything,
and the reality of a promise that gives inconsistent rewards,
means the trader either makes the trade for however much or makes it hurt little consistently. Luck goes to the occasional trade that hits it big, averaging up all for a bigger reward than a common wage-earner gets.

I tend to practice, though, that it's the intrinsic worth of an idea vs. the key notion of a possible competing idea, that creates a limit and stop respectively, instead of an absolute build or protection of capital.
For a very long time, this is financially disastrous. Only if I get my method reasonable enough that I can support it with emotions on the fly, then it's okay. It may not be up to the standards you set earlier, but they don't call the therapy rational-emotive for nothing.
  • #465
  • Apr 30, 2012 9:16pm Apr 30, 2012 9:16pm
Quoting ha-pattern
A couple of links: 1,2

work hard -- measure; be lucky -- leverage
"Carrot and stick If you use a carrot-and-stick approach, you use the promise of reward and the threat of punishment to make somebody work harder."
Then, carrot and stick measures with punishment and risks with leverage.
I doubt someone (a common wage-earner) under the gun (a starter for greyhounds, who chase a rabbit (who...
Should be able to visit the links you suggested and post a reply tomorrow.

Regards,

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #466
  • Apr 30, 2012 9:27pm Apr 30, 2012 9:27pm
Subby and NeverAgain had a video conference session to get Subby ready for his next 30 days of trading. He is still trading DoingWell's system. His instruction from NeverAgain is that his maximum exposure at any time is not to exceed 1 Standard Lot. He has also installed a tool to let him know if his drawdown has reached a certain percentage of his equity. That amount has been set by NeverAgain. At that point Subby will be able to be alerted and hopefully make the necessary adjustments.

He was also told by NeverAgain that if at any time he did not feel up to trading, not to push it.

We'll see how it will work for him.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #467
  • Edited May 2, 2012 12:19am May 1, 2012 1:53am | Edited May 2, 2012 12:19am
If I Were A Dealer by FX4...

If I were a dealer, I'd be curious to know
Were traders into MACD? or Ichimoku Kinko Hyo?
Don't know which one for sure, and really wouldn't care
As long as I could see that their orders were really there

I might attend some webinars or visit rooms and forums
Gotta keep up with my competition 'cause the game is Zero-Sum
To see what's new, what's hot...or not; what folks are looking to do
Works for me so I can see what they're cooking for me too

If I were a dealer, I'd want traders to buy as the market was going to sell
And sell when she was ready to buy; and hope they do that well
So...I'd like them to think long for longer before the market shorts in haste
To catch them by surprise so the market they would chase

I'd also like to know what maybe they were thinking
So I'd look into my "order book" to see what might be pending
I'd want to go hunting for stops to pay my dealer cost
And cover anything of mine that could end up being lost

If I were a dealer, I'd want traders to know
The only way they'll beat me is to trade when Market says so
So dance...
Buy when she says buy;
Sell when she says sell
'Cause if you learn to flow with her,
You will do very well

Again...
Buy when she says buy;
Sell when she says sell
'Cause if you learn to flow with her,
You will do very well

If you take heed to my advice
It won't be to my demise
You still will be my trading friend
Just pay my spread at the end

So sing the song and dance the dance
Be sure to take not even one chance
'Cause once you step on my playground...
Either you'll make it; or she'll bury you in the ground
Trade what you see, not what you think or feel. Let the market come to you.
  • #468
  • May 1, 2012 7:35am May 1, 2012 7:35am
Quoting FX4Newbies
If I Were A Dealer by FX4...

If I were a dealer, I'd be curious to know
Were traders into MACD? or Ichimoku Kinko Hyo?
Don't know that for sure, and really wouldn't care
As long as I could see that their trades were really there

[i][size=4][font=Book Antiqua]I might attend some webinars or visit rooms...
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #469
  • Edited 11:30am May 1, 2012 7:54am | Edited 11:30am
Quoting Rufus
Thanks Rufus. Not really a poet, but the idea just hit me so I went with it.

And of course the goal is to sing the song and dance the dance...over and over again.

Glad you enjoyed it,

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #470
  • May 2, 2012 12:20am May 2, 2012 12:20am
Quoting ha-pattern
A couple of links: 1,2

work hard -- measure; be lucky -- leverage
"Carrot and stick If you use a carrot-and-stick approach, you use the promise of reward and the threat of punishment to make somebody work harder."
Then, carrot and stick measures with punishment and risks with leverage.
I doubt someone (a common wage-earner) under the gun (a starter for greyhounds, who chase a rabbit (who...
Haven't forgotten . Coming around to it.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #471
  • May 2, 2012 1:42am May 2, 2012 1:42am
Quoting FX4Newbies
Thanks Rufus. Not really a poet, but the idea just hit me so I went with it.

And of course the goal is to sing the song and dance the dance...over and over again.

Glad you enjoyed it,

FX4
  • #472
  • May 2, 2012 1:49am May 2, 2012 1:49am
Quoting tetis
Thanks. Just sing the song and dance the dance .

Take care,

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #473
  • Edited 1:01pm May 2, 2012 5:49am | Edited 1:01pm
Quoting FX4Newbies
If I Were A Dealer by FX4...

If I were a dealer, I'd be curious to know
Were traders into MACD? or Ichimoku Kinko Hyo?
Don't know which one for sure, and really wouldn't care
As long as I could see that their orders were really there

I might attend some webinars or visit rooms and forums
Gotta keep up with my competition 'cause the game is Zero-Sum
To see what's new, what's hot...or not; what folks are looking to do
Works...
Just posting an edit (in blue) to the poem If I Were A Dealer:

If I were a dealer, I'd want traders to know
The only way they'll beat me is to trade when Market says so
So dance...
Buy when she says buy;
Sell when she says sell
'Cause if you learn to flow with her,
You should do very well

Again...
Buy when she says buy;
Sell when she says sell
'Cause if you learn to flow with her,
You should do very well

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #474
  • May 2, 2012 6:15am May 2, 2012 6:15am
A good way to program your subconscious is to make the dealer's advice into a little song.

Buy when she says buy;
Sell when she says sell
'Cause if you learn to flow with her,
You should do very well

 For some reason, when you add a melody to words, it is easier to memorize and seems to add its positive influence on the subconscious, unless of course the music is counter-productive. If you sing it over and over, I think your subconscious mind will begin to do just what it says...

Buy when she says buy;
Sell when she says sell
'Cause if you learn to flow with her,
You should do very well


FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #475
  • May 2, 2012 8:01am May 2, 2012 8:01am
this is the best thread that i have ever read
  • #476
  • Edited 4:54pm May 2, 2012 8:43am | Edited 4:54pm
Quoting tetis
this is the best thread that i have ever read
Thank you Tetis.

Glad you took the time to go through some of the posts, especially the earlier ones.

Hope you've found some trading nuggets to help.

Thanks again,

FX4

P.S. Have gleaned alot from some great threads at FF, plus books and my own school of hard knocks i.e. Market University . Those classes were the hardest ones but they taught me the most.
Trade what you see, not what you think or feel. Let the market come to you.
  • #477
  • May 2, 2012 9:03am May 2, 2012 9:03am
when i started to read your thread it was very strange for me because i thought that these are my opinion about the the market, trader behavior and ..... and someone else have same opinion!!
i always tell my friends such things but unfortunately the passion for be a winner caps all of the rules and systems and the result is .... 95% losers
even sometimes me as a trader with 8 years back fall in my wishes of a trade and pay a lot for it.
thank you again and i will follow the thread every day
  • #478
  • May 2, 2012 4:27pm May 2, 2012 4:27pm
Quoting tetis
when i started to read your thread it was very strange for me because i thought that these are my opinion about the the market, trader behavior and ..... and someone else have same opinion!!
i always tell my friends such things but unfortunately the passion for be a winner caps all of the rules and systems and the result is .... 95% losers
even sometimes me as a trader with 8 years back fall in my wishes of a trade and pay a lot for it.
thank you again and i will follow the thread every day
Glad to have you stop by.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #479
  • May 2, 2012 4:27pm May 2, 2012 4:27pm
Another great post by Hanover.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
  • #480
  • Edited 4:54pm May 2, 2012 4:30pm | Edited 4:54pm
From Dopey...an interview on the importance of practice and doing it well and "right". Very well worth the listen!!!

http://www.abc.net.au/radionational/...erfect/3611212

Here is the link to his new thread.

FX4
Trade what you see, not what you think or feel. Let the market come to you.
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