Tribute to Brooks

I think what he really needs is a better strategy with a lot less leverage.

But at least he tries.

 

GO @padutrader !!!

Been watching a lot of Norm Macdonald lately:
https://en.wikipedia.org/wiki/Norm_Macdonald

This was funny:

 

you mean 'spx options trader'

 

i have the simplest one now and in sim it has stopped the bleeding.

that is no 1 thing a trader has to achieve...no losses...amount of profit does not matter

have to see in live

will be going live in little while

 

we live in a world where no one is accountable...

they do not even disclose what the fuck they are doing.

no wonder people wonder what i am doing when i disclose 100%.

ok i may be unprofitable trader but with me you know what you are getting.

can you say that with anything else in this world?

 

not for lack of trying....

 

i think brooks is right when he says traders should wait and take the best trades.

what are the best trades?

trades were one side is clearly interested. and in control.

many times traders think being 'early' will give more profit.

while that may be true, waiting often gives less profit..... but that profit is more sure.

with my mindset, i find that more appealing.

a swing trader may prefer the former.

but i tend to take large positions, do not like stops being hit and want fast and big profit- a scalpers mindset.

i have decided in my mind this is what i want from my trades and i am being selective....so that there is no conflict in my mind.......i am not letting the market tell me what to do

traders have to decide what they want.......if not there will be a lot of conflict in their minds and that is the no 1 enemy of a trader

 

Maybe you should.

 

as long as you stick to one thing ...be consistent in your way of thinking ...and get out fast when you are wrong...something i do not do .......you will be alright

 

Uh Tom Brady and Bucs pull it off. 19 to 17. Bucs over his old team the Patriots. What if they had not practiced or honed their skills..hello. Trading is a lot like football. High performance. Must have a strategy and tactics or techniques. Learn how to adapt in a live environment. Learn to be calm under pressure. Practice ..practice..practice. Execution. Watch out for the rat poison. capitalize on MOM…etc…etc…etc.