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Updated August 28, 2014
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August 6th, 2014, 12:35 PM
Portland, Oregon
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
Posts: 6,189 since Sep 2013
Thanks Given: 10,459
Thanks Received: 12,695
indextrader7
It's officially done.
I will say that one of the (many) things that led to the ultimate turnaround of my trading was learning how to have my good winning days be multiples of my
daily loss limit days. For a long, long time I struggled with how to practically accomplish this. I knew theoretically how to do it, but I had to learn how to carry it out.
With winning days being multiples of my daily loss limit days, I was "free'd up" to mentally say "IT'S OK" to have the daily loss limit days, and
ACCEPT THEM WHEN THEY DO COME . Up until that point, I was never never ok with a daily loss limit day, because deep down I knew that it would wipe out 2 days or a week of winnings. I could not
accept those days as they were happening, which led to an entire worse bag of behaviors. In a nutshell, I had to re-wire myself to learn how to be a good loser. Not much good in any performance activity can come if you have not first learned how to be a good loser.
Good stuff right there.
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
August 6th, 2014, 12:47 PM
Western Florida
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Frequency: Several times daily
Duration: Minutes
Posts: 8,168 since Jan 2013
Thanks Given: 57,778
Thanks Received: 26,365
indextrader7
It's officially done.
I will say that one of the (many) things that led to the ultimate turnaround of my trading was learning how to have my good winning days be multiples of my
daily loss limit days. For a long, long time I struggled with how to practically accomplish this. I knew theoretically how to do it, but I had to learn how to carry it out.
With winning days being multiples of my daily loss limit days, I was "free'd up" to mentally say "IT'S OK" to have the daily loss limit days, and
ACCEPT THEM WHEN THEY DO COME . Up until that point, I was never never ok with a daily loss limit day, because deep down I knew that it would wipe out 2 days or a week of winnings. I could not
accept those days as they were happening, which led to an entire worse bag of behaviors. In a nutshell, I had to re-wire myself to learn how to be a good loser. Not much good in any performance activity can come if you have not first learned how to be a good loser.
I just saw this -- congratulations!
This is very good work, and I'm happy that you've nailed it so well.
Bob.
August 6th, 2014, 03:40 PM
Birmingham, AL
Posts: 1,065 since Apr 2012
Live Trader Prep it is. Will let you all know how it goes once complete. Adios for a while.
August 6th, 2014, 06:08 PM
Texas, USA
Experience: Advanced
Platform: TT, Custom
Trading: Futures, Spreads
Posts: 369 since May 2014
Thanks Given: 731
Thanks Received: 903
indextrader7
Live Trader Prep it is. Will let you all know how it goes once complete. Adios for a while.
Well done. Good luck with the live trader prep.
August 10th, 2014, 02:41 PM
Manchester, Greater Manchester, UK
Experience: Intermediate
Platform: NinjaTrader7
Trading: YM
Posts: 88 since Nov 2012
Thanks Given: 363
Thanks Received: 136
indextrader7
It's officially done.
With winning days being multiples of my
daily loss limit days, I was "free'd up" to mentally say "IT'S OK" to have the daily loss limit days, and
ACCEPT THEM WHEN THEY DO COME . Up until that point, I was never never ok with a daily loss limit day, because deep down I knew that it would wipe out 2 days or a week of winnings. I could not
accept those days as they were happening, which led to an entire worse bag of behaviors. In a nutshell, I had to re-wire myself to learn how to be a good loser. Not much good in any performance activity can come if you have not first learned how to be a good loser.
Good job..well done!
What you say above is SOOO important.
1 good day / 1 bad day.. The good days HAVE to be so much better than the bad days.
That's my target too.
Head down going forward
August 16th, 2014, 10:18 AM
lisbon
Posts: 6 since May 2011
Thanks Given: 6
Thanks Received: 6
Congrats !!! Well done
Looking forward to your feedback on live trader prep :-)
cheers
August 24th, 2014, 08:47 PM
Birmingham, AL
Posts: 1,065 since Apr 2012
Thought I would post an update for LTP so far.
Started on Friday, August 8th with a small winning day. Monday and Tuesday of the next week put me down $1k which is at the weekly loss limit for LTP, so I proceeded to destroy the market which gave range extension on sim for the rest of the week...
Last week (8/18 - 8/22) I was on vacation and limited my trading to a couple hours in the morning. I was profitable all 5 days, but it was very limited as I had the direction right for the day, but didn't stick around to let the range extension pay me.
Looking forward to this week.
$1,500 is the profit target. I have to trade a minimum of 10 days (but have 2 months if I need it to hit target). Would be nice to finish it off this week and get funded. No rush though, one trade at a time.
August 25th, 2014, 11:36 AM
Birmingham, AL
Posts: 1,065 since Apr 2012
Flat -to-flat stats so far for LTP. They should be better than this.
August 25th, 2014, 04:59 PM
Birmingham, AL
Posts: 1,065 since Apr 2012
13 ticks from the finish line.
Today's LTP Trade Report
August 25th, 2014, 05:08 PM
Hanover, Germany
Legendary Amateur Trader
Experience: Beginner
Platform: NinjaTrader
Trading: ES
Posts: 1,941 since Apr 2014
Thanks Given: 3,144
Thanks Received: 5,147
... looking forward to the newest funded trader interview
Last Updated on August 28, 2014