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Like a turtle to his balcony...


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  #311 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


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  #312 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

I should document that I have gone back to something I used to do in sim, and that is to see how long it takes to double an account with acceptable drawdowns. It is not something I think about daily, and the account size is not large, as I struggled intensely psychologically with the concept of size. But this is the first time I have tried this exercise in a long time. I needed to take a step back, stop pushing so hard, and at the same time it is a step forward. It is a task I did in sim enough times to believe in it, and by going backwards in practice I feel relaxed, can laugh at a loss, can maintain expectancy of the next win, etc.

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  #313 (permalink)
 
iqgod's Avatar
 iqgod 
Mumbai, India
Legendary Market Wizard
 
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Platform: ChartNexus
Trading: Stocks, Commodities, Futures
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GaryD View Post
... see how long it takes to double an account with acceptable drawdowns. ...

I wish you well; yes, we must all do our math and see how far the mountain is before starting the trek.

But for your sake and mine (my first mentor on Big Mike, and per se) please watch out for that big ditch while fixing your gaze skywards to the mountain top.

I hate to evoke unpleasant memories but I know that an amount of time has passed and you can accept trading into your current situation much more openly than earlier when you had self-feedback pressure building up, hence dared to bring up this note - it is not the advice 'of Proceed with caution' but rather an urging to focus on process goals rather than money goals.

This post explains it better.

Maybe I am ranting here and reading more into a simple line, but the above advice is as much for myself as for anybody else!

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  #314 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


iqgod View Post
I wish you well; yes, we must all do our math and see how far the mountain is before starting the trek.

But for your sake and mine (my first mentor on Big Mike, and per se) please watch out for that big ditch while fixing your gaze skywards to the mountain top.

I hate to evoke unpleasant memories but I know that an amount of time has passed and you can accept trading into your current situation much more openly than earlier when you had self-feedback pressure building up, hence dared to bring up this note - it is not the advice 'of Proceed with caution' but rather an urging to focus on process goals rather than money goals.

This post explains it better.

Maybe I am ranting here and reading more into a simple line, but the above advice is as much for myself as for anybody else!


It is not as dangerous as it may sound. It is a place of calm.

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  #315 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011







key point of interest this morning.

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  #316 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

Took an early entry, then closed due to seeing my cursor lag as I moved across the screen. I had a bluescreen incident recently and not sure what the resource issue is. Restarted computer.


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  #317 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


iqgod View Post
I wish you well; yes, we must all do our math and see how far the mountain is before starting the trek.

But for your sake and mine (my first mentor on Big Mike, and per se) please watch out for that big ditch while fixing your gaze skywards to the mountain top.

I hate to evoke unpleasant memories but I know that an amount of time has passed and you can accept trading into your current situation much more openly than earlier when you had self-feedback pressure building up, hence dared to bring up this note - it is not the advice 'of Proceed with caution' but rather an urging to focus on process goals rather than money goals.

This post explains it better.

Maybe I am ranting here and reading more into a simple line, but the above advice is as much for myself as for anybody else!


You like this type of thought. Try this;

The goal is not the issue. The thought process is. The mechanics are.


There is little reason to sweat blood in the pursuit of learning to trade if money were not some motivating factor. It is what it motivates us to do that can become a problem.

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  #318 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

scalping against a one-timeframing market. Stop it.




I do it out of habit, and possibly because I am bothered by the fact I bailed this morning. Neither have anything to do with trading correctly.



Opportunity Addiction.

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  #319 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011

1 off 15


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  #320 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
Posts: 6,462 since May 2011


Trying to run a business, take care of my wife, feed the dog, keep the fireplace buring, and trade correctly...


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Last Updated on August 5, 2013


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