My resilience in trading, I believe. If I didn’t have it, then I would probably give up a long time ago. But somehow I still managed to open the charts and look through all the assets that I found interesting on a regular basis.
Which aspects of the mindset? Hm... That's a good question, because I tend to consider mindset as something holistic, not dividing it into sections or parts. Perhaps, acting neatly is the thing that prevented me from doing a plethora of unconscious mistakes. It's better to think twice rather than rushing like a daredevil without any understanding what is going on. It refer to trading as well as it perfectly reflects the wya how I live life. Think twice, then act. Guess that it's truly important.
Good Evening TheMordy, About $1000 or even $600 is all need. $50k is way too much for me. I would never invest $50K to trading the market, makes no sense. Full Disclaimer : I am currently a Winning Money Maker of about $15,000 on the fiscal year of 2023. I made the $15,000 the past 14 days. I am an ES Futures Master Money Maker. I make money in the ES futures market every single day. I am not a Trader, just a Money Maker of the ES Futures Market. Being a trader is too complicated and far too much work. I use to a be a Loser of the ES futures market when I was a Trader. In about 3 months, the ES futures market will promote me to ES Futures Market - The Holy Grail Money Maker King.
Congratulations! Looks like you found the "holy grail" of ES Futures trading. Merry Christmas and Happy printing in 2024.
Good Morning ironchef, Yes, I definitely and confidently have the Holy Grail of ES Futures Trading. Merry Christmas and Happy printing in 2024. Thank you,
The Double Bind... https://en.wikipedia.org/wiki/Double_bind The entire fabric of the financial markets, of public forums, of friends, of family, is to induce a double bind on the next person, this is the general day to day activity of life, of social trends, of influences, of marketing, and of money. You will find people, here, there, and everywhere saying x or y or z about what I say, the fact is most people are inducing double binds for many varied reasons (lack of their own knowledge, control, mistakes they made, mistakes others made for them, their education, their family upbringing), a few are "inert" but they quickly remove themselves to get out of the way, and a rare few break binds, for example. The financial markets will make sure that you have 92% probability of loss 92% of the time. This breaks the double bind of everything you will read about trading, about investing, about money, and actually follows what Buffett says in a more direct way, it's a fact very few can break their own double binds, and not many more can break them for other people, I can break a 20yr bind in 2yrs, while the other 18yrs people spend that time trying to make sure they don't regress, but that's out of your control. If you take that the financial markets learning is 10,000hrs (today it's more like 20,000hrs), most of that time is money management, and most of that is breaking your own personal double binds, which is why people like Buffett who started with capital and without any double-binds on them succeeded where few others could. The single most powerful double-bind of the past decades and centuries is the double-bind of wanting more, it's the primary failure in trading and the markets, everyone is taught the world is your oyster, and yet it's far from true, the moment you want more very shortly after events will make sure your profits and then your underlying capital are placed at risk. You just have to want what is planned, not more, not less (actually up to 20% because the markets need their spreads and fees - this comes with experience), now via this you can produce market busting profits because you probably don't know that it's been researched a few days make up 95% of the profits for the year, obviously the world will say you can't time the markets, but is that another double-bind or factually correct, apparently only a few know
SML, I am not trying to be smart here, but you trade every day but your are not a trader. You take money from the market every day but if you try to be a trader you lose money. This is the biggest piece of Double Talk I have ever heard.
SML has ascended beyond normal humans so he can't be labelled as a "trader" like a normie human. He has gone super sapien.
Good Evening Illini Trader, I am sorry for the confusion. Yes, I am trader! I click and buy and sell button on my trading platform, that is how I make money in the ES futures market.
Good Evening zghorner, I just like to think as myself as a Money Maker of the ES futures market, although professional word is Trader, I do not like that label although traders like to think as themselves as trader. I just make money. I am currently working on how to make $1 million in one week!