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I would like to believe that... and in a big way I do. But where you are in your trading and where I'm at in trading...I believe there's a big divide, a huge gap. It would be like you, knowing already how to walk and you teaching me how to walk...by saying, "It's easy" ... eventually I will agree with you.
I used tennis in a previous post to describe trading because of all of it's components. When I first learned tennis, just the basics, performing countless drills of leaning how to do a forehand; a backhand; volley forehand; volley backhand; serving...and each components became more specific, like being able to slice the ball or give it top spin or a power serve or a kick serve etc...I thought I knew the game of tennis (trading).
And just as I thought I knew the game of tennis... I didn't know the "real game of tennis" I just knew the components of (trading). Once you play an opponent that's when you begin to start seeing how all of the components (of trading) come together. And looking at the score (trading account) plays a big part on how you'll play the point out (call that trade management)....And even when I think I know how to play a game...enter a tournament, it's a whole new level play (live trading). And I haven't touched on the psychological issues....But I am working hard on that. I know just mentally understanding psychological topics doesn't work...I have to practice them over and over till I get fully grasp the concepts.
Is 90 days reasonable? If I don't achieve a goal that I set for 90 days, do give myself another 90 days? I have no choice but to...
"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?
In beginning my trading log, the MFE, what I could have gotten, stands out as most important to me. But let's say I'm basing my TP on a S/R level, in that case if your log says you should normally go for another 20 ticks, does it make sense to follow that, or take your profit where your "inner sweetness" and the chart indicate price will react? Hope it makes sense...
The most important for me is the MAE! All your trading skill will be judged by your own ability to enter with low MAE. This is the heat you take after your entry.The MFE is simply 'letting your profits run"
This is a ridiculous thread... the single best thread on trading psychology I ever read (I have read 100s over the last 5 years).
"Nearly all mankind is more or less unhappy
because nearly all do not know the true Self.
Real happiness abides in Self-knowledge alone.
All else is fleeting.
To know one's Self
is to be blissful always. "
Ramana Maharshi
Thank you, thank you, thank you, for bringing this out Shivaya.
The thread is about..." going beyond psychology and the inner side to TRADING." ~shivaya
Ya that's right, how it relates to TRADING. Now I'm not an EXPERT, or let alone a Rocket Scientist...but I have enough common sense to know that READING ain't what it's all cracked up to be....it's only half of it....you have to APPLY what you have read.
So, with what you've read, what is the solution to what we traders are SEEKING? And please only provide real life applications...NOT theory from a book...please.
"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."
Exactly what Shivaya stated. Tuning to the frequencies of our higher Self for guidance, help, and comfort. Trading as meditation is both pleasant and profitable.
The emotional journey in my trading has taken me from excited and motivated to learn the game, to fear and trembling to enter a trade, to the Joy of trading with my Inner Being of Knowing. This is beyond Belief, this is placing a short trade and knowing it is going down. The knowing comes from somewhere within my being. I had this knowing when I started to trade but did not know how I knew. So I believed I could not depend on it. So I studied charts for years. Then money management. Then came full circle and arrived back at knowing.
Once I returned to my inner self the knowing was still there but so was the analysis skill. Now I knew why I knew. I discovered that when I traded in the emotional state of fear losses came. I made mistakes. The goal was to achieve a sweet state of being and then trade my setups. In the Sweet State I seemed to get the good setups and not the dud ones. I also cut out of a trade quickly and reentered instead of holding because of the knowing.
As long as my 'edge' ratio came in at 2.0 to 3.50 + all was well.
The market became my friend. Volatility became sweetness. Small losses my costs, and letting profits run my only business. If I am in a state of unsweetened distraction I know that my only work is to first get into the state of Inner Sweetness. Once there, then I analyse and trade. I care about how I feel before trading. I gotta 'feel' sweet!
I like to read your words and i am feeling good at this time.
But i donīt know how to become this stage of feeling like you do! And this will be my jouney!
Hopefully someday i can share your kind of trading!
Trading futures is as I am sure you well know all about the emotional journey. Best get into the sweet state before anything else. The emotion of other traders fear makes money for the traders in the state of sweetness who just harvest their profits out of this fear.