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Search: Posts Made By: iqgod
Forum: Psychology and Money Management January 7th, 2015, 06:34 AM
Replies: 30
Views: 6,308
Posted By iqgod
Going Solo: The Extraordinary Rise and Surprising Appeal of Living Alone

This looked applicable to traders more than anyone engaged in other professions:

Buy Going Solo: The Extraordinary Rise and Surprising Appeal of Living Alone Book Online at Low Prices in India |...
Forum: Psychology and Money Management July 7th, 2013, 12:36 PM
Replies: 30
Views: 6,308
Posted By iqgod
Rules for this combine

That should have read 10-ticks and 15 was a typo, sorry for that!

Also I had refactored the plan actually, sorry for not updating:

My plan for the $30,000 10-day-min combine, where I will be...
Forum: Psychology and Money Management July 7th, 2013, 12:11 PM
Replies: 30
Views: 6,308
Posted By iqgod
Making it clearer

To be more clear:

- Only FIVE trades per day win or lose.

- Stop after three losing trades per day, but may have more trades when there are winners.


Sorry for the mix up!
Forum: Psychology and Money Management July 7th, 2013, 11:22 AM
Replies: 30
Views: 6,308
Posted By iqgod
On Trading as An Art

Work is what we do by the hour. It begins and, if possible, we do it for money. Welding car bodies on an assembly line is work; washing dishes, computing taxes, walking the rounds in a psychiatric...
Forum: Psychology and Money Management July 7th, 2013, 10:38 AM
Replies: 30
Views: 6,308
Posted By iqgod
Precepts Relevant to Trading

- The price of being a sheep is boredom. The price of being a wolf is loneliness. Choose one or the other with great care.

- Part of being a master is learning to sing in nobody else's voice but...
Forum: Psychology and Money Management June 18th, 2013, 08:27 AM
Replies: 30
Views: 6,308
Posted By iqgod
Importance of small losses

To get on the top of not hesitating at the click moment all I could really do was practice and practice.

After a lot of practice the click moment became effortless.

However getting out before...
Forum: Psychology and Money Management April 12th, 2013, 05:58 AM
Replies: 30
Views: 6,308
Posted By iqgod
The Elusive 'Click' Moment

I make a good tick scalper when I am 'in the zone'.

It is a surreal feeling to be 'in the zone'.

However, the moment when the market reveals its true colors comes after a lot of stalking and...
Forum: Psychology and Money Management March 28th, 2013, 09:53 AM
Replies: 30
Views: 6,308
Posted By iqgod
Yes, addchild !! This was something I learnt from...

Yes, addchild !! This was something I learnt from you and josh - identifying market state FIRST! Incidentally you two are the first Big Mike to move to the live combine step, which speaks volumes...
Forum: Psychology and Money Management March 28th, 2013, 09:50 AM
Replies: 30
Views: 6,308
Posted By iqgod
Beliefs

My core beliefs are the pillars of the whole trading foundation.


Some examples of my trading beliefs:

1. Trends continue much farther than anyone can possibly imagine. Hence continuation...
Forum: Psychology and Money Management March 28th, 2013, 05:03 AM
Replies: 30
Views: 6,308
Posted By iqgod
Rechecked - its a 10-pip stop

So I rechecked my backtests.... I am placing a 10-pip stop. The other part is still the same - Once price moves up +50 ticks the stop moves up to +30 ticks making the reward average 3 times the risk.
Forum: Psychology and Money Management March 28th, 2013, 04:37 AM
Replies: 30
Views: 6,308
Posted By iqgod
Aaah, thanks! My intuition was telling me that...

Aaah, thanks! My intuition was telling me that something was amiss as I typed the post, never thought it would be something basic like this!

Thanks for pointing that out and iqgod, all the best...
Forum: Psychology and Money Management March 28th, 2013, 04:32 AM
Replies: 30
Views: 6,308
Posted By iqgod
Recognition of 'Fear'(s)

My intuitive function recognizes three types pf fear:


1. A 'Numbing' kind of fear

These are all the losers in me trying to even their score and increase their tribe. This happens at moments...
Forum: Psychology and Money Management March 28th, 2013, 04:10 AM
Replies: 30
Views: 6,308
Posted By iqgod
Acting in the Click Moment requires COURAGE

Trading is no armchair video game.

And scalping is where only the fleet footed buck gets the mate of choice, if I may use such an analogy.

Hence, hesitation is an enemy when the plan shouts...
Forum: Psychology and Money Management March 28th, 2013, 03:58 AM
Replies: 30
Views: 6,308
Posted By iqgod
"Know Yourself"

There are two sides to the coin:

Knowing the market state.

and


Knowing your place in the market.
Forum: Psychology and Money Management March 28th, 2013, 03:54 AM
Replies: 30
Views: 6,308
Posted By iqgod
Discipline

Decide when to trade: (= less is more)

I will trade the time when the London and New York market sessions overlap.

I will not trade more than three hours of a day.

Part of my discipline is...
Forum: Psychology and Money Management March 28th, 2013, 03:48 AM
Replies: 30
Views: 6,308
Posted By iqgod
Rock Solid Plan faces the Hard Right Edge of Market

Here I will develop my plan step-by-step.

If I get ahead of myself I will come back and refine terms, setups and failures of the setups.
Forum: Psychology and Money Management March 28th, 2013, 03:40 AM
Replies: 30
Views: 6,308
Posted By iqgod
Be your own guiding light!

If the painful exercises are done beforehand, a trader develops an intuitive feel for when to act, when to not act, when to sit on hands, when to remove judgement from the market and when exactly to...
Forum: Psychology and Money Management March 28th, 2013, 03:37 AM
Replies: 30
Views: 6,308
Posted By iqgod
"Wanting to be right"

Until I let go of 'wanting to be right' and take refuge in my 'Plan' I might succeed but inside I will be a psychological mess.

Why not live life alongside trading? Why worry whether the next...
Forum: Psychology and Money Management March 28th, 2013, 03:27 AM
Replies: 30
Views: 6,308
Posted By iqgod
Questions to be answered before taking a single trade....

20 EMA


Trendline


Conflicting signals.


Traps.
Forum: Psychology and Money Management March 28th, 2013, 03:23 AM
Replies: 30
Views: 6,308
Posted By iqgod
The Critical Moment

"What do I do now?"


This is the million dollar question.


Do I initiate a position, close an open position, sit on my hands, wait for confirmation, permit myself to walk away and...
Forum: Psychology and Money Management March 28th, 2013, 02:24 AM
Replies: 30
Views: 6,308
Posted By iqgod
Thanks! in·cul·cate Verb Instill...

Thanks!

in·cul·cate

Verb

Instill (an attitude, idea, or habit) by persistent instruction.
Forum: Psychology and Money Management March 28th, 2013, 02:23 AM
Replies: 30
Views: 6,308
Posted By iqgod
Step 1: A Plan

A Plan:

For example my plan for the $30,000 10-day-min combine, where I will be trading the 6E (evaluation steps will be specified in this very journal), states simply and irrevocably the...
Forum: Psychology and Money Management March 28th, 2013, 02:01 AM
Replies: 30
Views: 6,308
Posted By iqgod
"Where The Mind Is Without Fear" by Rabindranath Tagore

(This poem applies much to trading. Tagore won the Nobel prize in 1913 for his contributions to literature.)

Where the mind is without fear and the head is held high
Where knowledge is free...
Forum: Psychology and Money Management March 28th, 2013, 01:55 AM
Replies: 30
Views: 6,308
Posted By iqgod
A Village to Raise A Trader

It takes a village to raise a trader.

There is a such huge amount of gratitude a successful trader owes to so many elements that one cannot but agree with the above statement. For me atleast the...
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