How not to lose money

Discussion in 'Psychology' started by Ironplates, Jun 7, 2024.

  1. Good Morning Ironplates,

    This is what I been doing the past 14 years of my life and it has worked out great.

    Lol wish I has did the same in SOXL, but I damn sure starting this month.

    As I have said many times, IMO, I trade ES futures to get rich QUICK. I'm not betting my life worth on day trading . Lol

    I dca sp500 index to get rich slow.
     
    #51     Jun 10, 2024
    Ironplates likes this.
  2. as a coach I'm not prescribing my outcomes. that's a consultant IMO. I'm a guide, not a hero.

    I like to ask the client "quality questions".

    i like to have the client discover their own meanings, labels, and references as well as their opinions, beliefs, and convictions.

    along the way I look for limiting beliefs (potential distortions of reality)

    I am only hoping to learn from this thread the various meanings, labels, references, opinions, beliefs, and convictions each of you use. To help me better understand this subject for both personal and professional reasons.

    Mark Douglas and Napoleon Hill have written about this subject matter. I have been hard-pressed to find better thinkers on this subject.


    There are no right answers, only the answers you provide.
     
    #52     Jun 10, 2024
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  3. deaddog

    deaddog

    I wouldn't consider how not to lose money a quality question.
     
    #53     Jun 10, 2024
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  4. Sprout

    Sprout

    Do you have the unabridged copy of Napoleon Hill's TAGR? The main concept was edited out of the original 1st and subsequent printings.
     
    #54     Jun 10, 2024
  5. %%
    LOL;
    sure [sarcasm]as if math does not have right wrong answers.:caution::caution:
    M Douglas in the same sentence as Naplean Hill; are you kidding ??:D:D
    Post #50 of yours is good , not that 50 is a a magic number LOL:D:D
     
    #55     Jun 10, 2024
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  6. what could you consider to be a better-quality question?
     
    #56     Jun 14, 2024
  7. what main concept was cut out?
     
    #57     Jun 14, 2024
    murray t turtle likes this.
  8. Sprout

    Sprout

    I leave it to you to discover.. repost from a blog but the teachings of Abraham-Hicks is where I first learned of it.

    upload_2024-6-14_13-3-27.png
     
    #58     Jun 14, 2024
  9. deaddog

    deaddog

    How do you deal with losses?
    Why do you consider how to avoid losses a quality question?
    When you consider that the majority of traders will experience losses, having a coach ask how to avoid losses gives the impression that you should be able to avoid them. Not realistic!!
     
    #59     Jun 14, 2024
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  10. Sprout

    Sprout

    Statistically per strategy, what’s the max consecutive losses one must endure
     
    #60     Jun 14, 2024
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