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What Do You Replace Positive Thing With


Discussion in Psychology and Money Management

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  #21 (permalink)
 
deaddog's Avatar
 deaddog 
Prince George BC Canada
Legendary Market Wizard
 
Experience: Advanced
Platform: National Bank Direct
Broker: NBD/BMO/Questrade
Trading: Stocks
Frequency: Every few days
Duration: Weeks
Posts: 1,341 since May 2013
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RDCoach View Post
**************************************************
Challenge:First, try after a losing trade, to NOT take the next one until you've a figured out the modification needs to be, and test it. It could be a new rule (I call these items that affect your cash) or a distinction (nice things to know that make the set-up better). Then go to the next trade in SIM.
Most can't STOP and continue to trade and lose. BUT this is an exercise in Discipline.
Solution: Journaling ALL these Rules and Distinctions during the day is a 2nd recommendation. REREAD The daily list before each trading day. As the mind will not retain information unless repeated 7x in the memory.
So, just doing these few things will IMPROVE your trading DRASTICALLY!!! not just a little. Doing this also helps to hone in on your "edge."
PLUS this will give your mind a break from emotions in the process.
Good Trading!

That didn't really answer my question as to whether you have a definable edge and how you define it.

"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
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  #22 (permalink)
 
ThemBones's Avatar
 ThemBones 
Chattanooga, TN
 
Experience: Intermediate
Platform: NinjaTrader 8
Broker: NinjaTrader
Trading: Futures
Frequency: Many times daily
Duration: Minutes
Posts: 64 since Aug 2021
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RDCoach View Post
Mark was a dear friend of mine and is missed. I Love the quote Progress not Perfection, says it all. Good Trading!

You lucky dog... I envy you. I only wished I could have met him before he passed (too soon). My wife and I feel like we've known him all of our lives, though. It seems like he's still here.

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  #23 (permalink)
 RDCoach 
Las Vegas, NV
 
Experience: Master
Platform: APEX n Sierra
Broker: AMPFutures, Stage 5
Trading: Emini Futures, Futures
Frequency: Daily
Duration: Seconds
Posts: 17 since Apr 2018
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ThemBones View Post
You lucky dog... I envy you. I only wished I could have met him before he passed (too soon). My wife and I feel like we've known him all of our lives, though. It seems like he's still here.

In The trading community he was always known as a great guy. Hope I can have the same legacy. Better get my book out finally!

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Last Updated on May 29, 2024


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