>>I'M AWESOME<< Whart are you doing Gordon ? Such a type of statement can only be used by people like Mr Market. Don't tell me that you too have 19 inches biceps ? freealways
I am sorry. I read only a couple of pages before posting my previous post. I can well understand that one can get upset at some stage because things just don't seem to work out. In a way to reach that point is good because from there it can be perhaps be used to make a change in our behaviour. I remember well that, believe it or not, I had 17 losses out of my very first 18 trades. If you say that I must have been stupid and naive I can only agree. Looking back it is hard to understand how I possibly could have let things go that way. Well, I was impatient, optimistic, a gambler at heart and didn't have a clue about trading. Things didn't really turn around for me until it was brought home to me many years later, in a talk by someone called Krausz, that one can have the best system in the world but, until one has FAITH in one's system, a few losses in a row will inevitably make one start looking to switch to a different system. So (the way I see it) one needs (a) a system which works (b) to get to know everything there is to know about the system (c) from point (b) it follows on that in order to survive the lean periods, one needs to 'manage' one's money by keeping one's trades small in relation to the size of one's bank. It is only after one REALLY knows how the system has performed over a long period and under all kinds of trading conditions that one develops faith and thus is able to endure the losing periods and eventually reach the good times. freealways
You are very right about what you said. He does need to find life beyond trading. Treat trading as your job, and not more, otherwise you are bound to make your life miserable and your trading will suffer too as a result of that. Find a hobby, stop analyzing markets forever, instead focus only on trading them, don't let this become your obsession. Just my 0.5 cent's worth of pop psychology.
I haven't read this entire thread, so I may very well be saying something that has already been said, but Ed Seykota's contention (from the first Market Wizards book) that everyone gets what they want from the market, even if it is failure, rings very true. Just my 0.000001 worth of pop psychology
If i were you i would cut my size down.And wait till you feel it again.When i struggle i trade 200 to 500 share lots and after i put a few good trades together i bump it up.I have even walked away for 6 months when i was BURNT out!
C'mon guys! The guy is reaching out. If you are tired of his rants then don't read the thread! GG, you can email me at: jayhalford@hotmail.com, or, call me at, Jay, 5034092388, or, join me for a trading day in Portland! This is open to anyone who is/isn't making money, and is polite here. If you are not polite here, then I don't want ya in my living room (which is my trading room). Jay
Wally said : "He does need to find life beyond trading. Treat trading as your job, and not more, otherwise you are bound to make your life miserable and your trading will suffer too as a result of that. " Very hard to do for many of us Wally. Trading is an obsession for a lot of people (and that includes reading posts on E.T. !!) Cheers, freealways
We all feel this way, in one honest moment or another, however those feelings flee faster than ones' money on payday, when we have a winning day, and actually take money out of the market, pay the taxes, and know that we don't have to put it back in.... The War has caused so many tremors in the marketplace, our emotions, normalized business patterns and such that we ourselves are in a sand storm as it were. Hey, we can all push our chairs away from the desk, get up and walk away....