Trying to transition from full time job to trading. Having trouble with discipline.

Discussion in 'Professional Trading' started by jinxu, Jun 30, 2016.

  1. jinxu

    jinxu

    I'm not a beginning trader.
     
    #61     Jul 9, 2016
  2. jinxu

    jinxu

    Personally I don't like trading during work hours as there is too many things that can go wrong.
     
    #62     Jul 9, 2016
  3. gkishot

    gkishot

    Trade both.
     
    #63     Jul 10, 2016
  4. rexlord

    rexlord

    Your assumptions suggest otherwise
    If you think you can just size up and go from making $250 to $25000 without having any psychological difficulties to deal with - you are either a beginner or you are already the richest trader on the planet.
    Same goes for your assumption that you can maintain nearly 100% win rate and 20% ROC each month. This doesn't exist. If it did, you would quickly become the richest man on the planet.
    In any case good luck to you, let us know how this works out for you
     
    #64     Jul 10, 2016
  5. jinxu

    jinxu

    Sure, we'll see how it goes. Regarding your psychological difficulties. I mentioned before I use meditation and sleep therapy. The meditation will help keep the psychological difficulties under control. The sleep therapy will help me go into what's call "trading in the zone". You heard of the book? I figured out how to do both. Again the sleep issue were really important. I can't stress that enough. It was a limiting factor. Now has been removed as long as I can keep it up. Those are my secret cards.

    How else do you think I was able to maintain a high win rate? ;)
     
    #65     Jul 10, 2016
  6. bone

    bone

    From what I've seen over the years, projecting success in trading is dubious. One of my mentors, David Ellis from DE Trading/International Trading Group in Glenview IL, thought projecting forward in trading to be foolish. Just my own 2 cents, YMMV.
     
    #66     Jul 10, 2016
    i960 likes this.
  7. jl1575

    jl1575

    It is so often people come out and claim something, and when they do that, they are seeking public approval; and when you need public approval, it shows you are not confident enough, your system is not that fabulous enough, so you need confirmation or approval from others/public. When someone really has something that will make them from 1K to 1M within a rather short period of time (say one year), they won't post anything.
     
    Last edited: Jul 10, 2016
    #67     Jul 10, 2016
  8. jinxu

    jinxu

    I'm not seeking approval. People posted a message. I replied with information. I don't really need to post anything. If no one like what I post, then I will stop giving out more information from here on. Unless I need some information or advice. You're right there is no benefit for me to post if I go from 1K to 1M.
     
    #68     Jul 10, 2016
    Handle123 likes this.
  9. Put more money on the system that is producing close to 100%. Nothing cures impatience like some good losses. Been there done that.

    Stadtmuller Von Texas
     
    #69     Jul 10, 2016
  10. bone

    bone

    Now I'm confused. You were the OP of this thread.

    To be fair, it is quite rational for members to voice a bit of skepticism.

    Do you have the means to support yourself in terms of housing and living expenses outside of your trading income? I ask because with such a modest amount of capital in your trading account logic dictates that alone would be the dominant concern. I wish for you the very best whatever you decide.
     
    #70     Jul 10, 2016