the idea that you can imitate anyone elses strategy completely is false. i've learned alot on ET.. most of the insights i've gotton on ET were helpful.. usually its all my own undoing of it that causes me to lose money... if someone tells me five times not to try to nickel and dime at the mid.. i'll still do it until i get sick and tired of being sick and tired.. i'm such a skeptic i stick to thinking most people are gamblers telling you only the story that makes them feel good to tell.. It hurts to lose money. in and out of the stock market.. if you don't embrace your mistakes your bound to fail.. as they say the road to success if paved with mistakes.. if you become your mistakes and find yourself in them you will project failure out into the future and it will become reality. . its perceived to be different in trading as oppose to outside markets in certain respects.. you can tell yourself that the loss on the trade is a cost of doing business and that over time your edge will be profitable.. just as in regular business you can think that your edge will make up for excessive unexpected costs or changes in earnings.. Generally i find people think trading is more risky than any other business.. meanwhile those same people in their sixties retire start a candle making business or ice cream shop and lose ten fold what a very conservative trade loses on bad years.. its not any different in this respect you can lose any amount of money in or out of the market.. usually you hear "the market is risky" from people would it really is risky for..
Mostly ES. I am far from a novice in terms of market knowledge, but an infant in terms of mental framework. In other words, I have enough screen time to be consistently profitable...yeah but
I never nor was instructed to imitate other traders. These guys/gals were 100% about developing a trader mentality first and foremost, and following price After a couple of years of struggling like a typical noob I developed the 'within' understanding and a deep down belief that each moment is unique, anything can happen, but i must really hate myself (not trying to be funny)
your self talk reminds me of mine... i dont' really hate myself.. its just easier to talk myself into folding and go back into my mental hole of risk adversity. you can't avoid randomness or risk... so embrace it.. is what i try to tell myself..
until you have an edge all that self talk and mental framework stuff is guru garbage. your inner self knows far more than you give it credit. if you are trading with a hope and a prayer and no proven method...of course you have little voices in your head saying get the hell out. then when you are losing and it all seems random and useless of course you will double down... because its all random to you. You and 99 percent of the traders in the world have been fooled by pyschologists vendors and book sellers. if you have an edge and you are still losing money... then it may be time for a pyschologist.
Ha that does sound right... but you do have to embrace a certain amount of randomness.. and I totally agree about the inner self thing... the more you intellectualize and deduct the more likely you'll be wrong
You are right. I never bothered to tie all the loose ends together on my supposed edges and test them enough to prove to myself they work. Hope everyone enjoys my money, buy yourself something nice. You earned it, and I earned what I got.
Remove the F.U then, this forum is composed of people and nothing more, no one lead you down the garden path.