Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Those were very tough conditions to deal with. Your persistence is admirable.
This trading endeavor which I have been involved with for over 6 years has extracted a heavy price for me as well. I almost threw in the towel several times also. I'm happy I didn't, since learning to adhere to a system and follow rules implicitly has carried over to many other facets of my life. The psychological self discovery has been quite enlightening as well.
I have been reading through some past journal posts and quoting here, with the reason being to do just what you are asking. I could just say, "go read it..." but there is a lot of crap in there too.
I would pick a topic, and dwell on it for a day or a week. Ask myself all kinds of questions about it, try to see it in a different way than I had before. I never let the issue rest until I thought I had moved forward, at least a little. Read the one about the cemetery bike ride and "fear". That post may not seem like that is what I was addressing, but that was the topic of the day that generated that journal post. And out of contemplating why I had fear in my trading, I got a lot of other answers.
The other one I posted recently about meditation, was more how I was so intensely focused on my study. It was truly my religion. And on that note, the biggest shift had to do with "faith", which grew into "knowing", which grew into confidence.
And above all, what I lacked last year was confidence. Not trading skills so much, mental skills.
There was somewhat of a pivotal moment, but too much for right now. Sometime when I am not ready to get outside like I am right now. One more day and my month is complete, and I am running about 90% winning days so far. Two down, whatever that is. Will post a summary when it is over.
Zero losing days when I call trades, either on skype, on chat, in another group... I have discovered that I trade better when I am trying to explain to someone else, and that I tend to still play around some when I am not doing that.
A great example was today. I took a trade, got hit, then called someone on Skype to go over the mentor stuff. The reason I did not make the call before, on the initial trade, was I did not think it was a "great" trade. But after I got hit, I had a better feel by then, and then we nearly nailed the trades while the call was going on.
Whatever the intent may have been behind these posts, however light or funny or etc, this is unacceptable behavior to me. Find another way that doesn't trigger multiple reported posts in my inbox next time.
What Private Banker mentioned is part of what I am trying to learn. There are so many things I am wanting to learn, and already having experience makes it harder to do.
One thing I have noticed is that my entries often make incredible exits. I am so …
The first trading education I purchased ($$$$) included a lot of things, but what I took with me from it condensed down to only two major areas; I minute volume spread analysis, and support and resistance levels. As I moved on through years of backtesting …