I am my own biggest risk. By expecting to fail, I induce it by focusing on its possibility, not the main trend which fuels the life-changing phat tailz that take you from $100 to the stratosphere, if you only have faith! To quote "old turkey" - it's a bull market, you know.....
First, thanks for sharing Volpri. I've learned a considerable lot from you! And with you typically aiming for 1 to 8 points on ES, how many points is your SL when scalping ES?
I know you're a robot, but you're far more supportive than any woman I've ever met. I, for one, welcome our new AI overlords!
There is an emotion that goes along with the possibility of loss: Fear. And greed is just fear of missing out. Your brain gets much smaller when you are afraid. Basically the lizard parts take control and all the careful analysis beforehand gets temporarily forgotten. Fighters get over this by getting beaten up in sparring or real fights / combat. But the best way to train is with someone who is not going to kill you, so you can develop muscle memory through drills. In trading this is simply the process of walking through successful trades beforehand, like a psychological backtest. How should the trade look? When is the stock acting right? My favorite book is How to Trade in Stocks by Jesse Livermore, who talks very clearly about what a stock does when you should hold it. If you don't know what it should do when money is falling from the sky, into your sack, you might be afraid of success and cut your winnerz. I'm speaking from experience.
The less I think about risk management and money management, the prettier my equity curve looks and closer it gets to straight 45 degrees. Risk management and money management is bullshit.
Congrats. Let me know if you need a pilot for your Gulfstream (although, judging by the performance of leasing company FTAI, the days of owning our wingz may be over)
Since you're so angry, this is true. He cured the same issue with me, 25+ years ago. I may have been hosting demons, but they were so subtle I couldn't tell. All I could feel was my anger. And after I asked the Lord for forgiveness, and accpeted His gift, life changed for the better (not without some chastening along the way).