The short answer; Each trader's true edge...., their only real edge - resides within that trader =================== Many countless hours are spent trying to find a better setup(s)..., indicator(s)..., more..., better..., faster information But as the mkt..., each trade's outcome - is uncertain..., and uncontrollable What does more..., better..., faster really gain one Instead..., work on fully accepting - then becoming completely comfortable..., fully functional..., and efficient - operating in a completely uncertain environment In an environment where the only control one has - is over their self..., their actions This will change one's entire perspective of the mkt..., and of trading (not to mention their perspective on everything else in that person's life) Thank You - and Happy Holidays to You!!! Thank You - but please be mindful - simply the musings of a dumbass redneck I am simply a by product of experience I have lost every conceivable way (I think) I can..., or could ever envision I have even lost - when every bit of external information said I should win (went long SKF on a Thursday..., held over night into a Friday..., gov outlawed shorting financials that same Thursday night) Go figure If I ever claim to be expert on anything trading related - it would be an expert on what doesn't work Work on fully accepting - then becoming completely comfortable..., fully functional..., and efficient - operating in a completely uncertain environment And in an environment where the only control one has - is over their self..., their actions It'll make you bullet proof Bullet proof does not in any way mean you will no longer have losing trades It means - losers / winners / whatever the mkt dishes out - no longer has any effect on you..., or your trading It means you are in complete control of your self..., and your actions And it means you are at peace - with all of it You're Very Welcome RN
I wanted to wish everyone on et a Happy New Year! A big thanks for all who have helped me on my quest to be a profitable trader. Handle, Webtrader, Ammo and No Doji have been a huge help to me. A very special thanks to my good friend Redneck for sharing his knowledge and support with me this last year. Thanks everyone!
Slugar, May you and your family enjoy most excellent health May you follow your routine(s) without fail May each loss be small.., painless…, and embraced willingly May each win be accepted with humbleness May the crop reaped from past efforts sown…, be abundant And may contentment …, joy…, prosperity...,and peace…, forever call your heart home That…, or Happy and Prosperous New Year to You and Your Family Slugar RN
Slugar had planned on going live next week This has been delayed at least a week ======================== Publishing the why is Slugar's business should he decide But a piss poor friend I would be..., if I stood idly by while he committed trader suicide Slugar Feel free to cuss me out if you so wish..., but then - get to fixin the issue RN
The truth is I traded live today and realize I'm not ready. The stress really got to me and I made some decisions I hadn't been making on the sim. So my good friend RN has advised me to take a little time off
Let me be perfectly clear I am not advising you to take time off (little of otherwise) I am insisting you delay going live by 1 week (something you want so badly - you went live prematurely) I am insisting you demonstrate the discipline - to not do what you want..., rather..., to do what you must By utilizing the exact same discipline it takes to trade properly To be disciplined..., we must do that which requires discipline =========== We are developing our self into a trader..., with a trader mind set =========== Should this happen a next time..., it'll be 2 weeks..., then 4..., then 8 Till you're fed up RN
Good job slug. Good friend you got there. A friend I know advises the same when I was trading blind. I know you're not trading blind, and what a great exercise in discipline by waiting. I really hope you find your "base line", belief in uncertainty, and confidence. You know a lot and keep it up. -JS
Why I always say.... getting a good mentor is the only real edge in this game (and quickest way to success)