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What exercise is there if you are psychological reversed in trading?
You know:
when I buy...the market goes down.
when I sell...the market goes up.
when I stay out of the market, it's moving nicely.
when I enter the market it's in the slop/chop zone.
If I fix that, there's nothing that will stop SUCCESS!
"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
Can you help answer these questions from other members on NexusFi?
Step 1. Position yourself for success.
Step 2. Think positively.
Step 3. Measure your strengths and weaknesses.
Step 4. Hold yourself accountable.
Step 5. Learn from your mistakes.
Step 1. Position yourself for success.
Step 2. Follow a method with a proven edge.
Step 3. Think positively.
Step 4. Report the results.
Step 5. Measure your strengths and weaknesses.
Step 6. Hold yourself accountable.
Step 7. Learn from your mistakes.
Your on to something MT, it should be, "so easy to MAKE money..." not "so easy to loose money." I know it's really deep to understand what you stated. It is like a battered women not leaving her spouse, why...when all she has to say is "NO", and leave... yet she still stays with her abusive partner...go figure.
I'm afraid I'll have to discover a system specifically for traders...brrr
Ahhh, gee, thanks Mike, each one of those bullets are book onto itself...no, even more...courses onto itself...more self discovery here I come.
Thanks Fat Tails for adding two more books to my work load...
Sorry trends but I have disagree on the order of you reasoning. Repairing my mind is first, otherwise the technical frame work will be incorrect.
"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
For me, in general it means that you can't expect to outperform your trading peers if you are not positioned as well as them. Picture yourself on the floor of the exchange for a moment, surrounded by trading peers. Now ask yourself how you stack up against these people:
- Capitalization
- Experience
I just mean for example if the majority of your peers are better capitalized than you, then that is going to be a main weakness of yours. If the majority of your peers are not trading with rent money, and you are, again that has major ramifications. So you need to position yourself, set yourself up for success from the beginning, before you ever place a trade.
"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
