Mr Subliminal's Remote Trading Journal

Discussion in 'Journals' started by Mr Subliminal, Apr 29, 2002.

  1. Took a while and a little too many trades for my liking, but I did manage to reach 10 points - and without having to wait for the afternoon session.

    +10.0 pts / 26 RT / 2 ct lots
     
    #271     Sep 19, 2002
  2. :D :D :D My man! Great job buddy!
     
    #272     Sep 19, 2002
  3. tampa

    tampa

    ...well so much for leaving some on the table for the rest of us!
     
    #273     Sep 19, 2002
  4. FOR REAL! We have to eat too Sub :p
     
    #274     Sep 19, 2002
  5. tampa and Commisso, trade the afternoons only - and stay off my train.
     
    #275     Sep 19, 2002
  6. Hey the open has been my territory for quite sometime now!
    We can share it??? The hell wit this Tampa guy though!!!
     
    #276     Sep 19, 2002
  7. Well sonny boy,

    I think all your success warrants sending some money home to your poor old mom.

    All that money I spent on therapy for you, bail I had to post for you, medication that even with insurance ran into the big bucks. And don't forget the legal fees, halfway house expenses, substance abuse counseling and inpatient treatment.

    And paying for your coaches for your foray into the Special Olympics was not a bargain either. Even that 4 foot long vaulting pole was not cheap (custom made).

    So please, try and be fair.

    love,
    you Mother
    MrSubs' Mom
     
    #277     Sep 19, 2002
  8. tampa

    tampa

    Hey this is getting ugly!

    I thought out motto was : Traders helping traders.

    You were much nicer when you were a loser

    (And your friends leave much to be desired.)

    Well, I guess I can always try overnights...
     
    #278     Sep 19, 2002
  9. Napolean's instructions to his secratary at the Tuileries;
    During the night, enter my chambers as seldom as possible. Never awake me when you have good news to communicate; with that there is no hurry! But when you bring bad news, rouse me instantly for then there is not a moment to be lost!

    "Before he fought a battle, Bonaparte thought very little about what he should do in the case of success, but a great deal about what he should do in the case of misfortune!~Emerson~

    "I base my risk with the expectation that luck wil be against me!" ~Napolean~

    Sub,

    You know you have the skillz to pay the billz! This is sooo glaringly obvious by your results over the last month or so, but still you have these "momentary lapses of reason" where you get into a revengeful frenzy. You stand upright and try to battle her enough times SHE WILL EVENTUALY DESTROY YOU!

    IMO one common trait that I have found in almost all "great" traders is that they focus first and foremost on the risk!

    If you have the skill, then the upside should just naturaly flow into your account ------> almost as if it were an afterthought! Successful trading requires absolutely no energy to be expended thinking about the "fruits of your actions". It is the downside that is your weakness, this is what you need to be focusing on.

    This is not to say be "fearful" of losses. It is a matter of knowing your self, your weakness and then having the will to respect and adhere to it!

    90% of this game is simply having the will to do what the guy on the other end of the computer won't! Now assert your strength and show these men of will------> what will really is!

    "If you seek vengance; dig two graves!"

    PEACE and good trading,
    Commisso
     
    #279     Sep 19, 2002
  10. These meltdowns have got to stop.. It appears you have some compulsive/obsessive behaviors to deal with. I would suggest (as always) that you set things up to be foolproof, so that it is more difficult to break the rules. If you can somehow force yourself to stop trading for a bit once a breaker has been hit, you will likely be able to fight off the urge to continue. The reason you continue loss after loss is because the next trade is right there in front of you, just a keystroke away. Some suggestions to stop trading:

    1. Write a program that tracks your P/L somehow.. once the loss limit is reached and you are flat, it disables the trading program until the next morning. Maybe someone here could write something along those lines.

    2. Put a big red button next to your keyboard or somewhere within easy reach. When you reach your loss limit, reach over in disgust and smack the button. dont think, just hit it. It will be a circuit breaker that cuts power to the DSL or cable modem. Connect the modem to a different circuit and have the button short that electrical circuit only, cutting out your connectivity to the broker.

    A simple circuit breaker idea is connect the button so it shorts the outlet on the wall directly, kicking the circuit breaker and requiring you to go outside or to the breaker box to reset it.

    You can come up with your own idea, but it should be something that is very very easy and quick to activate, and it should take a while to get things running again.

    Once you hit the button, or close the program, or whatever, head straight out the door and dont look back. Have a set plan on where to go. Some favorites of mine include working out at the gym, or going to the courthouse and finding a good trial to watch.
     
    #280     Sep 19, 2002