Looking for a coach

October 1st, 2010, 07:04 AM

Eric j

ealas , if you journal your trading activity every day and even journal your thoughts about trading as they come to you you become your own mentor . Maybe could take a while but the degree of effort you put in to journalling is equal to the results you will get . I wrote down every thought I had about trading for about a year until I experienced a shift in my attitude about things . It turned out that by reliving my trading regime and examining my thoughts and attitudes , by reading my journal(s) , I saw that my attitude was all wrong and then I was able to focus on that .

That helped me improve my trading because I was able to focus on the right things ( for me ) . A mentor can possibly do the same for you for thousand$ of dollars . I know that mentors "like helping other traders" for profit and "just like to give back" for profit but no one can help you like yourself - gratis .

Oh and btw , dont be concerned about being candid about yourself in a journal . Do whats good for you and pour your heart out even detailing your regime and setups because you can show the world what you are doing but they wont have the dicipline to trade it like you .

Excellent advice. @Eric j, I am curious about how you changed your attitude over time. Being presumptive, I would assume you changed from method-seeking to execution-refining. ? I find in general most failing traders are only concerned about their chart, their setup, their entry. Never focusing on anything else.

Mike

October 1st, 2010, 07:27 AM

Thanks for your advices!

I've started my own journal and i've already posted my first trade.

My NQ Trading Journal

Filled 2001
Covered @ 2007 (just because I have to go and don't want to leave it alone)

See you there!

October 1st, 2010, 08:12 AM

ealas

Thanks for your advices!

I've started my own journal and i've already posted my first trade.

My NQ Trading Journal

Filled 2001
Covered @ 2007 (just because I have to go and don't want to leave it alone)

See you there!

Good . I took a look at it and I wish you luck and skill .

Mikes reference to method development is pertinent regarding your sucess imho . I see many many traders here and elsewhere hammering away day after day and week after week on their approach and method but very few focus on proper position sizing , when not to trade , the technical big picture and especially EXITS . To answer his question - I was in a revolving pattern of boom and bust always looking for a better way to trade and never considered that my psyche was forcing me to not be able to act consistently . By not facing the reality that there is no perfect way to trade I always searched for a perfect way to trade and therefore spun around in circles looking for what doesnt exist .

I still am "addicted" to searching for the "way" but the searching is candy for me now and like a hobby since I cant live on candy . In practice I know that trading is only buying before price goes up and selling before price goes down and the rest is managing myself , the weakest part of my method .

Looking for a coach

Discussion in Traders Hideout

Looking for a coach