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Just BEING a Trader: Letting Go!!
Updated February 27, 2021
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Just BEING a Trader: Letting Go!!
February 1st, 2021, 11:28 PM
Mumbai, India
Legendary Market Wizard
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
Thanks Given: 3,658
Thanks Received: 3,097
Why be so obsessed with Money?
How about being a trader because you LOVE being a trader?
And that probably is the secret of being a SUCCESSFUL trader - just BEING!
Just be, let go of the profits.
Let go of the losses.
Let go of the missed trades.
Let go of targets, schedules, over-analyzing, over-journaling, over-planning.
Just Be!!
And watch the magic happen to your account, and how you naturally buy low and sell high!!
Side benefits:
Ego: Dissolves! Greed: has left the building! Fear: is denied entry!
P.S.:
These are all of my rules,
lest you think they are for fools,
Let me create this journal,
And show you my process so simple!
Thanked by:
ABCTG , AllSeeker , aquarian1 , casey44 , chalito , Daytrader999 , deaddog , forrestang , Grantx , Janos , Massive l , mattz , miche , Miesto , mongoose , paps , Powdrpig , TrendTraderBH
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
February 2nd, 2021, 01:15 AM
Mumbai, India
Legendary Market Wizard
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
Thanks Given: 3,658
Thanks Received: 3,097
A sample trade taken just now, will dive into the 'simplicity' part in the next posts:
LMAX Trade 1 futures
February 2nd, 2021, 02:43 AM
Ilsede, Germany
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ
Posts: 1,525 since Sep 2011
Thanks Given: 2,067
Thanks Received: 2,317
iqgod
Why be so obsessed with Money?
How about being a trader because you LOVE being a trader?
And that probably is the secret of being a SUCCESSFUL trader - just BEING!
Just be, let go of the profits.
Let go of the losses.
Let go of the missed trades.
Let go of targets, schedules, over-analyzing, over-journaling, over-planning.
Just Be!!
And watch the magic happen to your account, and how you naturally buy low and sell high!!
Side benefits:
Ego: Dissolves! Greed: has left the building! Fear: is denied entry!
P.S.:
These are all of my rules,
lest you think they are for fools,
Let me create this journal,
And show you my process so simple!
Very well said, I fully subscribe to that!
Looking forward to your journal.
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
February 2nd, 2021, 10:30 AM
Hungary
Posts: 1,323 since Oct 2012
Thanks Given: 1,434
Thanks Received: 1,764
iqgod
Let go of the losses.
Let go of the missed trades.
Let go of targets, schedules, over-analyzing, over-journaling, over-planning.
Just Be!!
Powerful words and thoughts! Let's see where they will take you.
“Happiness is the meaning and the purpose of life, the whole aim and end of human existence.” Δ
“There is no path, but only a fool wouldn’t follow it.”
February 2nd, 2021, 01:49 PM
Mumbai, India
Legendary Pratik_4Clover
Experience: Beginner
Platform: TradingView & ZerodhaKite
Trading: NIFTY, BANKNIFTY
Frequency: Daily
Duration: Minutes
Posts: 1,430 since Jan 2019
Thanks Given: 5,256
Thanks Received: 5,027
Will be looking forward to your journal. Love the first line, "why be obsessed with money"
February 2nd, 2021, 10:16 PM
Tampa, Florida USA
Experience: Beginner
Platform: NinjaTrader
Trading: Emini ES, Crude CL
Posts: 3 since Nov 2018
Thanks Given: 12
Thanks Received: 5
iqgod
Why be so obsessed with Money?
How about being a trader because you LOVE being a trader?
And that probably is the secret of being a SUCCESSFUL trader - just BEING!
Just be, let go of the profits.
Let go of the losses.
Let go of the missed trades.
Let go of targets, schedules, over-analyzing, over-journaling, over-planning.
Just Be!!
And watch the magic happen to your account, and how you naturally buy low and sell high!!
Side benefits:
Ego: Dissolves! Greed: has left the building! Fear: is denied entry!
P.S.:
These are all of my rules,
lest you think they are for fools,
Let me create this journal,
And show you my process so simple!
There’s more wisdom here then meets the eye. You could make a fortune selling a book on this one concept. I’m looking forward to reading your progress.
Sent using the NexusFi mobile app
February 2nd, 2021, 10:39 PM
New York City
Posts: 1 since Nov 2019
Thanks Given: 1
Thanks Received: 1
Thank you for this message! I too am looking forward to your journal.
This is a mindset I am trying to adopt.
February 9th, 2021, 11:11 AM
Mumbai, India
Legendary Market Wizard
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
Thanks Given: 3,658
Thanks Received: 3,097
So what, exactly, is simplicity?
In trading it is understanding the concept outlined in the two pages below:
Page 1
Page 2
Understand this and you have mentally grasped the game. But this is not an observation game! It is a game that needs to be played, albeit from your armchairs, but played it must be!
Even simpler: Don't lose more on a trade than you make on a trade.
Simple? Yes.
Easy? Yes. Err... No!
Read on...
February 9th, 2021, 11:25 AM
Mumbai, India
Legendary Market Wizard
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
Thanks Given: 3,658
Thanks Received: 3,097
What is the simpleton's simpleton idea of their reasons for success?
FAITH!
More than one trading book authors stress on this aspect - this is the third pillar of Simplicity.
For something to materialize, you need to BELIEVE it is going to happen.
February 12th, 2021, 12:15 AM
Mumbai, India
Legendary Market Wizard
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
Thanks Given: 3,658
Thanks Received: 3,097
So we are building a trading cake here... to reach the cherry on the top, we place the base of FAITH at the bottom.
What next?
When you have enough faith in yourself you will be ready to pile up one layer higher...
And what layer is that?
COURAGE.
The courage to pull the trigger in face of maddening uncertainty and sticking to your guns amidst the shifting landscape.
But lest we get carried away here's what this is NOT:
Courage is not shooting from the hip.
Courage is not do-or-die reckless trading in the face of circumstantial evidence that you are getting it on the face.
Courage is not even about showing up every single day.
Coming to what it IS:
Courage is simply a state of being - it is not putting your mortal self between you and your trading.
Courage is the ability to be formless - the ability to stand away when there is no pressing need to be in the fight.
Courage is the uncanny ability to have ample ammunition when you need it - because of being backed by Faith.
Courage is the power to use the ammunition rightly and judiciously to support your Faith, without wavering at the last moment, without chickening out.
And of not having to explain yourself to anybody, anyone, because it is after all the Courage to Stand Alone.
Thanked by:
AllSeeker , casey44 , Daytrader999 , Grantx , jakedarby , Janos , jthomas , Miesto , mongoose , Mtype , mtzimmer1
Last Updated on February 27, 2021