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January 6th, 2013, 11:07 PM
Cincinnati Ohio
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I was going through my personal journal for the start of this week and found the following entry about the change I have gone through over the past couple of months. I am trying to figure out what has changed in me to make me a better trader. Is has not been easy to define.
Quoting
12/31/2012
How has my mentality changed over the last couple of months? I have an edge. This is apparent from my trading results. But when I try to figure out what it is I cannot place my finger on it. I am following rules that work. I believe in my trades. I don't hang around losing trades. Is it that simple?? Is it because I know what I am looking for? Is it the setups? Most of the trades I have been entering are positive trades at some point in the trade. Why can I do it now but could not do it before? What makes a trader a winning trader vs a losing trader? Is it confidence? Every trade I enter I believe I am going to win. This is a huge shift from 6 months ago.
Or is it more physiological. Thinking like a winner. Not being afraid of the unknown. Hanging around winners like Vance (@
VinceVirgil ), @
PandaWarrior and @
mfbreakout . Never afraid to learn or be wrong. Knowing in the grand scheme of things I know very little. Seizing opportunity as it is given to me no matter the perceived risk. Is it because I want this more than anything I ever professionally done in my life?
I suppose it some combination of the above. I understand now why it is so hard to train a new trader and make them successful. There are so many variables which go into a traders make up that any combination of them can turn a winning trader into a losing trader. Knowing yourself is the first step. This much I am sure of. It wasn't until I was honest with myself and admitted I had faults and admitted that I knew nothing and accepted what was right in front of me on my screen that I started being successful.
Edit: added "@" to members names
nosce te ipsum
You make your own opportunities in life.
Can you help answer these questions from other members on NexusFi?
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January 7th, 2013, 01:05 AM
Cincinnati Ohio
Legendary Master Data Manipulator
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Live Trades and notes for: 1/7/2013 Time: 0:5:46 Auto post
January 7th, 2013, 08:28 AM
Cincinnati Ohio
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Edit: morning trade on trend down. Was not 100% sure about this trade so I only took one contract instead of two.
Live Trades and notes for: 1/7/2013 Time: 7:28:50 Auto post
January 7th, 2013, 08:36 AM
Tampa, FL
Experience: Beginner
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Robert,
I like how you have been trading lately. Holding positions through some heat(not getting shaken out easily), shooting for nice wide targets, and executing well most of the time Keep it up.
January 7th, 2013, 07:20 PM
Cincinnati Ohio
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Live Trades and notes for: 1/7/2013 Time: 18:20:58 Auto post
January 8th, 2013, 07:05 AM
Cincinnati Ohio
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Live Trades and notes for: 1/8/2013 Time: 6:5:21 Auto post
January 8th, 2013, 08:15 AM
Tampa, FL
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Hey buddy quick question: I see targets hit and then re-entries very close to each other. I do this sometimes myself, and I was wondering what you are thinking/feeling when you do this? For me the target was fear(trade is going to turn against me), the re-entry was greed(I'm going to miss the rest of the move).
January 8th, 2013, 08:24 AM
Cincinnati Ohio
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Live Trades and notes for: 1/8/2013 Time: 7:24:27 Auto post
January 8th, 2013, 08:55 AM
Cincinnati Ohio
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Live Trades and notes for: 1/8/2013 Time: 7:55:47 Auto post
January 8th, 2013, 09:12 AM
Cincinnati Ohio
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Live Trades and notes for: 1/8/2013 Time: 8:12:53 Auto post
Last Updated on February 2, 2015