Bloody hell. My last trade was a couple of months ago36 trades in 45 minutes???
And only 10 points profit (before fees and commission)???
I did the last 2 weeks 41 trades (roundturn) in total. So 82 trades.
"AHA" Moment - Finding confidence
- Thread starter abstractcapital
- Start date
I have often suggested that you study why traders fail and then don't do that stuff.
It’s simply easier to fail over time.
Especially when downside is unlimited.
It takes one instance of weakness to blowup.
Traders have no discipline,
They’re quick to give up.
It’s mental breakdown.
They make one mistake,
Then they compound them.
They circle around pain points,
Distract themselves from real problems.
They spend time charting,
They listen to podcasts,
They read books …
The easy stuffs.
They tell you how to behave,
But they won’t follow their rules.
Don’t give up, Don’t be weak.
Stay in control and Follow the plan.
Tomorrow is another day (Only if you cut that loss).
Take a break.
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Right and when you ask them the plan it's to make a lot of money in a short time with as little effort as possible.
Is this supposed to be a poem? Nothing rhymes, dude.
Why does anyone lose in life "double-bind" - the world works on double-binding everyone from your family to your girlfriend to your job, the financial markets are the leading experts, everything else is an interpretation how to break it, that is what a strategy is, that is what an edge is.
https://en.wikipedia.org/wiki/Double_bind
The only win is to not engage with it, how do you do that, well if it was easy we wouldn't have this.
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When I mean knowledge, it covers everything that is knowledge (everything you know), and also the needed logical thinking to lead to a good solution.
For example:
- know when to enter/exit and why
- mental discipline is important, so DO IT (mental discipline is part of the knowledge because you KNOW that you need mental discipline)
- execute your knowledge, don't just state what you should do but DO IT
- etc...
Any one of the things on your list that can derail a trading day should be analyzed and solved. Executing everything is part of the knowledge as you know that not doing it will harm your results.
This is very good. And, I might add going on "Tilt" for the rest of the day. Which leads into your 3rd line. "It takes one instance of weakness to blowup"
Is this supposed to be a poem? Nothing rhymes, dude.
You have no idea what poetry is if you think all poetry must rhyme.
Here's two examples. One read, one heard...
----------------------
"The Death Of Goddesses
It used to be hard
for women,
snowed in their white lives,
white lies,
to write books
with that fine frenzy
which commends genius
to posterity,
yet estranges it
from its closest
friends.
Women were friends to all,
& being too friendly
they could not command
the unfriendly prerogatives
of genius,
though some were
geniuses still,
destroying
only themselves
with the torment
of the unfriendly ghost
trapped in a friendly
form.
Oh the women who died
dissembling friendship
for the world!
Oh the women who turned
the dagger inward
when it wished
to go out,
who impaled themselves
on Womanhood itself!
No vampire
could be
as greedy for blood,
no father or husband
as bullying.
A woman punishing herself
with her own pain
is a fierce opponent indeed.
It is self against self,
dagger to dagger,
blood of her blood,
blood of her daughter,
blood of her mother,
her menses, her moon,
all pooled together,
one crimson sea.
It is the awful auto da fé,
the sublime seppuku,
Sante Sebastiana
as archer
& victim too.
The arrow flies from her bow.
She runs, fleet as Diana,
& stops it
with her breast.
Enough!
cried the Women-Who-Cared.
Henceforth we will turn
our anger where it belongs.
We will banish the whitest lies.
We will speak the black truth as it is.
Our father- we spit back their sperm.
Our husbands- we spit back their names.
Our brothers- we suck back our love.
The self-righteous inherit the earth,
& anger speaks louder that love.
Love is a softness
the weak cannot afford,
& sex a Darwinian bribe.
But who wants the earth as a gift
when it is empty as space,
when women grow hard
as bronze madonnas
& Diana loves only her stag?
When Persephone stays in hell
the entire year,
then how can spring
begin?"
--------------------------
Don't be an idiot. Or do you think I'm an idiot?
Good find. This is beautiful shit. I must say Erica Jong, along with Henry Miller, is like an indelible stain. Once you become contaminated with her works, you just can't get rid of her.