Advice

Discussion in 'Trading' started by mistermaster, Oct 6, 2019.

  1. Well my friend.

    You need to start thinking like a business man. Think as if you have a manager. what will you tell your manager who pays you to perform tasks correctly?

    Are you going to say "sorry manager, I did not do the task correctly because I have no discipline"

    Trade with discipline man , it is just that simple.
     
    #41     Oct 10, 2019
  2. Big question please.

    Why are you not trading with discipline?
     
    #42     Oct 10, 2019
  3. Preferable that you stop giving advice about things you don't understand.
     
    #43     Oct 11, 2019
  4. And there's the million dollar question...
     
    #44     Oct 11, 2019
    SimpleMeLike likes this.
  5. padutrader

    padutrader

    preferable you stop asking for it.......
     
    #45     Oct 11, 2019
  6. padutrader

    padutrader

    yep simple

    not easy!
     
    #46     Oct 11, 2019
  7. Respond with some answers why you are choosing to not trade with discipline and be honest.

    I will go first. When I lost $2000 in March 2019, I lost money because I did not know where or how to exit my trades. Now I am working on exit strategies I can have confidence in being discipline to stick with.

    Now you go. What is your problem with being discipline? I don't know is not an answer. Just imagine 2 fine women naked in the room next door to you, ready to fuck you senselessly if you be honest on your response.
     
    Last edited: Oct 11, 2019
    #47     Oct 11, 2019
    Turveyd likes this.
  8. ETJ

    ETJ

    Consider getting a partner to risk manage you. If you live in any major financial center join a trading arcade or hedge fund incubator and work with the other folks as a team. Fairly easy in US financial centers, but you show your location as overseas.
     
    #48     Oct 11, 2019
  9. bone

    bone

    If you can't easily and cheaply automate your trading system - keep a journal. Since you're scalping you should know that just about all the big swinging dick scalpers on the floor back in the day kept private trading journals. The journal will be more effective if you can manage to be brutally honest with yourself. The purpose of the journal, of course, is to eliminate mistakes through recognition and self-discipline.

    If for some reason you cannot be accountable for yourself - you have deeper psychological self- sabotage issues. It's actually a fairly well known trait. The knowledge that our effort (as opposed to our genetics) is tied to our abilities can be threatening precisely because it's in our hands, and incredibly, puts us at risk for self-sabotaging our own success to protect ourselves—just in case our efforts are not enough. In other words - your logical, conscious mind is at odds with your subconscious.
     
    #49     Oct 11, 2019
  10. Mysteron

    Mysteron

    Obviously you aren't a genius, despite what you think otherwise you'd not be seeking advice here.

    If you truly have an extraordinary system but poor discipline (aka self-sabotage) - then the answer is to automate - fire and forget - let the system play out, keep out of the way and don't interfere with it.
     
    #50     Oct 11, 2019
    SimpleMeLike and Turveyd like this.