There is a huge difference between psychology of money and healthy relationship with money. The first one is for mind and the second one is for heart.
Trading in the Zone is possible only if the mind works for heart and when the heart is in right place.
Mark Douglas tells us how our mind needs to be disciplined. I tell you to whom the mind needs to be disciplined: Heart!
When your heart is in right place, mind is disciplined. They collaborate well and become innovative to invent a Pro Trader inside you!
People here are disappointed with me saying that I am not sharing anything solid . Well, here is the truth... 1. The thread "Six Fundamentals to Six Figures" is my disciplined approach towards trading. 2. I see each trading day as unique. I learn something new and invent something new, almost spontaneously, every trading day, yet without stepping out of my six fundamentals. 3. How am I able to be so dynamic and innovative? Because my mind works for heart and my heart is in right place, with my baby (investment) ! That is "Trading in the Zone!"
I trade options on index with a stoploss of 5%, which usually doesn't get hits. Initially my stoploss was 10%. After constant fine-tuning now it is 5% stoploss and 10 to 15% profit. In other words, my stoploss "almost" doesn't get hit! I don't set stoploss or target. I trade with the flow and some innovation.
"The consistency you seek is in your mind, not in the markets." Mark Douglas I slightly differ from this quote. There is some level of consistency in market which can be tapped and make profit when mind is tuned to innovate.
How do I innovate every trading day ? Innovating is not always finding something new. It is mostly seeing a new connection between things we already knew. And if we happen to find something totally new it is fun but not as fun as connecting things that we are familiar with. It is kind of known devil is better than unknown angel! You might say I am crazy. Well, the truth is most people are lazy to see the connections. The bottom line is "Trading is an Art!"
Wikipedia page : https://wikitia.com/wiki/Dev_Gadhvi Get a free copy of ebook here https://www.devgadhvi10x.com/lead-m...MIm7X9kITh_wIVXJNmAh06uQyfEAAYASAAEgJ89PD_BwE
@Baron : muffle this guy; spam posts; gibberish; same as before, many others say same thing. He posts 6-7-8 times in a row in his own thread.