Trading as I know it...

5000 posts here on FF. Wouldn't time had been better spent on working on your psychological problems?

Feel free

possibly... ?

obsession with making money will fuckin kill youn alive-what amount you aim for..

relax man

i know trading as fell free to earn money how much i wish .

Um let's not turn this into a Cindy's a fking crazy lunatic kinda deal... You wanna know me about as much as I wanna know. u..

im gonna provide all with ears ideas on how to make money in the markets.. Then I'm gone and we're done here.. Dont get it twisted , this is not a cry for help =)

Sorry to hear about your decision to quit...maybe you`ll reconsider
But as you said...this is not a cry for help....so....i`m here to learn something

keep it going

I'm a junior compared to some here, only 3 years trading, but since I see the topic leaning towards psychology, I feel like sharing some thoughts. There are 2 basic ways to trade: 1 - manual and 2 - automated. There is no right or wrong way. I strongly prefer automation though. Most of the rational, Hanover's courtesy @ ( http://www.forexfactory.com/showthre...47#post4926347 ). Also worth mentioning that with automation comes the additional benefit of greater ease and reliability in testing. A strategy tester report tells by a+b whether or not a given strategy should have a statistical edge, what's the expected draw down, etc. Further, knowledge of these 'hard numbers' reduces uncertainty. I find it impossible to trade without these 'hard numbers'. How can one trade not knowing whether or not the strategy is profitable in the first place? How can one use adequate money management not knowing what draw down is expected? How can one cope with a stressful activity like trading especially when surrounded by such high degree of uncertainty? I find most manual traders actually 'trade' without knowing these hard numbers the way they should. Some will find these numbers obvious so no backtest needed. Afterall the pattern is so frequent and easy to spot on the chart. Others will lack these amazing natural pattern recognition and bayesian skills, and will perform some sort of backtest. Usually a small sample manual backtest that doesn't contemplate real time spreads, or enough market conditions. The moment these traders have to deal with a longer losing streak or blown account they will doubt everything, and often name psychology as the reason for failure. I say it bluntly as a psychologist, psychology is over-hyped in trading! It is one of the most common excuses for failure in (manual) trading. It is socially acceptable, whereas guesswork is not. All that said, one can argue day and night the pros and cons of psychology in trading. In the end it all comes to the fact that automation leaves little or no room for psychology/human behavior to affect trading. So a better question would be do I really need to work my psychology to make a living from trading? Or could I simple skip psychology and spend my time doing something else, more productive?

keep ideas for yourself man you never know...

Exactly, and neither do you, or anyone else, and that is the beauty of trading

two things define a person


your patience when you have nothing


your attitude when you have everything.

Think about that....

One of the best traders I know lost money every month for 48 months before turning profitable.
If you love trading & have a passion for it as I do, never give up. If you don't, then find a new passion & pursue it.

I think every trader must go through at least 4 stages in his/her career.

The first stage is hectic and stressful, the initial accumulation of knowledge in the first 4 -6 years. You go through all the online trading schools, read as many trading books as you can, try various methods and systems, join a cult or two. You blow a few accounts, make a little profit here and there, at various times you probably decide you are an expert already and start giving advice. But still you don't know your asshole from your elbow. This stage is where you experience all the emotional highs and lows. There are no shortcuts here - even the most intelligent and determined traders seem to get stuck in stage 1 for at least 4 years.

Stage 2 is more reflective in nature, it comes after you realise you have spent several years filling your head with random crap which hasn't really got you any results. You have a huge amount of loose knowledge in your head. You need to sift through it, filter it, organise, arrange and align it into a workable trading method. This probably takes a year or two, although very few traders make it this far.

Stage 3 you know how to beat the market but you still have a small bankroll, not enough to change your life. This stage is the calm, consistent and steady application of principles you know have given you an edge, while you build your roll and start working through the major psychological barriers which come with trading significant amounts of money.

Stage 4 is where the big moneys at, almost nobody gets this far.

I think OP is transitioning between two of these stages and maybe needs to step back for awhile and get his head in the right place for the next chapter.

Seriously CindyXXXX... What da f*ck!!!

Nearly 5000 posts and close to 100 threads. Are you aiming for the 10,000 mark? You roam around the forums creating stupid comments, stupid polls, useless threads, provoking and engaging with stupid people, and regurgitating bullsh*t!!!...

And your answer to a time well spent is "possibly...?".
Fuck me! mate if you can't connect those 2 dots of a time well spent and useless time wasters; you shouldn't be trading.

And what? you think you are going to solve your problem and be a kind Samaritan by giving advice of the same regurgitated BS. You talk about people's ego yet you don't seem aware of your own runaway ego.

You want to do good!?

1. Stop f*cking giving regurgitated BS advice.
2. Go make love to your wife
3. Go spend time with your kids

Yours Sincerely,
Your Evil Twin Brother - CrucialPoint

PS. Do you want me to Bold Red the whole post!?

Hey CindyXXXX,

I bet many successful traders have gone through what you have gone through, except that they don't give up.

No, read me out: what most traders wouldn't give for 3 months of trading with discipline, and I'm sure that you're making profit.

I think that people would have different definitions of what a good trader is. My definition of a good trader is one who makes consistent gains (big Or small).

Even without a self destructive streak I'm not sure how many people would get that far.

About your self destructive streak: I'm not sure if it is that... You probably know you shouldn't place that trade, but you don't place that one trade to ruin your account on purpose, right? You place that trade in hopes of making some bank. So it's about greed, I mean, it's about the excitement. Maybe you can get another account just to do that? I'm sure you know better how to solve it...

Anyways... if in the end you're really thinking about just quitting... you might as well throw me a vouch

[highlight=rgba(255, 255, 255, 0)]thanks Crucial Point, for the crucial points[/highlight]

Hey tiger good points

Well the full story is that this year has been most profitable trading wise.. But with my new found confidence I started developing bad habits that comes with feeling bullet proof. I started seeing money as some easily obtainable thing and so started withdrawing and spending my trading capital which I never used to do... Which was fine but on top of that I started shooting myself in the foot by taking stupid crazy risks at all the wrong times, like it didn't matter if I lost... I had a few bad mess ups but quickly made it back and of course this just made me more over confident... Everything was fine seemingly but this August did a full number of me and now I'm just frustrated at myself as the whole year has essentially been a waste... Im not my biggest fan right now.

and I don't actually remember starting this thread but that's another story rofl...

Going back to the real world for a little while to get back in touch with reality, clear my head, then I'll come back with a longer timeframe style

Be good!

My advice is to go for the 5000th post.......you will then have a clear path to the 6000th post!

Hey Cindy,
I have no knowledge of your 1000s of posts, just want to congratulate you on a v honest and informative thread. The fact that you really get auction theory/how supply/demand and the big boys work means that this is shaping up to cover everything in fx trading, warts and all. Keep up the good work and hope all is going ok.
Bootsy

this thread is very entertaining

Cindy, you can't quit you have to be fired! You're obviously in a "strategy deficit". This happens when one blows up strategies faster than one can accumulate them!

My suggestion is to:

1 - Buy the latest and greatest system that guarantees 2000% results per month! Of course when it doesn't perform and they stop replying to your emails call you credit card company to reverse charges!

2 - Get a grip! Seriously, every time I deviate from my strategy I lose money. Number of trades per day and profitability are inversely related. Hello!
Is anyone home? Want to get back on track? Force yourself to only place one trade per day. Bingo!

I guarantee you are now waiting for the juiciest ripest trade of the day! You haven't wasted three trades on loseres and now trying to "catch up". You're about to pounce on the best trade of the day.

That trade didn't work out? No big deal becuse you're done for the day and don't have to sweat it anymore.

Tomorrow you start fresh and you're balls are the size of cantalopes!!

I've got lots more but the Queen Bee needs me and I gotta go.

Bye for now.