Recent content by ronnym789

It all makes sense in theory... If (true condition), then (true condition)... If only we could trade like machines and not allow emotions or pride to cause losses!

Good point. I'm going through his book now and he said something profound that I've been thinking a lot about: "There's nothing like losing all you have in the world for teaching you what not to do. And when you know what not to do in order not to lose money, you begin to learn what to do in...

Wow, that's very insightful. Thanks for sharing!

I noticed that you used the word "survive". I imagine that applies to rookies and not to veterans? My desire is to get past the survivability stage and on to consistent profitability without going bust.

What does bettering yourself look like to you? Continually learning from mistakes?

Sometimes I wish I could do #1... not a possibility for me :D. I agree with #2 partially. Sometimes acting on them is appropriate depending on the circumstances.

I think there's a difference between being emotionally unstable versus having incidents come up periodically that can throw someone off. Although I agree with you that an emotionally unstable person should stay away from the market. My initial idea was to take an "emotional inventory" from a...

Am I understanding you correctly? Zero state of mind = focus on trading signals regardless of profit or loss.

I really like that idea. I think I'll make a tailored one for myself.

I agree with you, however, I would say that a person can believe in their system and still produce losses. There may be some other underlying issues like anger from a situation that can cause someone to go on tilt. How does a person properly handle that? I think this is where I can get caught...

I'm not sure what you mean. Can you elaborate further?

Good morning everyone, I have two questions for those of you who are consistently profitable. What is your optimal mental state when you trade? Is it confidence, caution, aggressiveness, combination of different states, etc? How do you consistently maintain an optimal mental state despite the...

That's a great idea, thanks!

Hey everyone, As a new trader, I've been talking some time to study and develop a good foundation for successful trading. I've been thinking for quite some time now about this particular question, "how do I discover my personal trading style and the instrument I want to trade?" I know there...