@monoid absolutely that includes you! I am grateful to anyone who writes in this journal. But yea, you nailed it. @Redneck generosity is humbling, and it is hard to describe, but it is like that generosity ignites me to succeed even more. When you realize someone is pulling for you who has the dumbass wisdom and experience of a @Redneck, well it drives you... It challegenes you to dig deeper... To go to your limit and push past just a little bit more. The other person who has also really stood out and shared in my journal is @Handle123 who in contributing some personal information made me feel the sincerity in trying to help me succeed.... When he/she has nothing to gain. Again, humbling for me. The future impact of their magnanimity on myself and my family... Mind blowing. Hopefully, one day life will allow me to meet them personally and thank them. However, I have to say this also.. There is something uniquely special about the guys who contribute in here, and yet are facing their own trading struggles. It's like having brothers in arms, who by hitting a like button... Or reply to a post... Are now mentally high fiving you at the same time to keep going. All in all, it's pretty awesome...
END OF WEEK UPDATE: Just tallied up the week, and even making some mistakes, the week ended positive $658. For those who may be struggling in their own trading, I want to point out what a significant difference the last 6 trading days has been for me when I inserted a small routine. After each trade, I have to stop and physically write down in my journal which trade number it was...and a check mark if I correctly traded the process. It sounds small, probably insignificant if you don't try it, but it's not. What is happening is I have to self monitor on each trade if I am correctly executing the plan, then I have to use a different part of my brain to write it down and check mark. In a way it is bringing me back each time into core alignment of my trading methodology before I proceed with the next trade. That routine keeps pulling me back to examine if I am correctly executing my plan. Highly recommended.
This is awesome, Yukoner, it's how negative habits are replaced with positive ones. Now as you continue this journey of focusing on the right actions (not the outcome), please post this where you can see it at all times. It's a favorite quote of mine found here on ET by Pa(b)st Prime: “Being disciplined in the past isn’t good enough: on each and every trade you must be disciplined. Forever. Like a drunk in a program you can NEVER slip off the wagon.”
Yokoner I received the book Moniod recommended ("Mindfulness in Plain English") Haven't finished it..., but so far - it a good n PS - Do not skip to the end (yeah I admit I did) - work through it..., build layer upon layer RN
Problem is twofold with most day traders. --They lack the capital to trade and so see an opportunity to get in and get out quickly with high margin as a way to make money easily. --They don't possess the ability to trade without emotion yet, because they haven't had experience trading longer term plays and riding out the ups and downs. . I believe you are victim of both of these observations and as such, need to back off the daytrading and go to longer term investing until both of these situations have been allayed. It is unlikely that you will find any success until such a move is undertaken. ---Thank you for your time----
Are you suggesting that one can learn to trade without emotion only if they trade longer term? If that is your thesis, I have to respectfully disagree with you. Regards, Monoid.