Best book to rewire me to follow my trading plan
- Thread starter Newc2
- Start date
I used to have problems executing my strategies. I went through a number of them over the years constantly thinking it was the system I needed to perfect. 
It drove me crazy having these systems that I could print money with on Demo/Sym yet as soon as I traded them live I turned into a wreck. I never blew up an account, for me it was more like 'death of a thousand cuts' kind of deal
I would triple accounts on Sim , and then slowly leak 5% over a number of weeks on Live....
There are a number of things that helped me turn the corner. But at the core of everything is Trading in the Zone.
Here's the kicker though, you cant just read it once and think everything is going to be different now. It's not a Tony Robbins style quick fix. It's not an 'I am a child of the universe and god wants me to be rich' kind of deal....
It took a hell of a lot of effort for me to turn things around, and it's not over yet, I doubt it ever will be.... but for me it all started with what MD laid out.
TL;DR - I'm a +1 for Trading in the Zone.
Just my $0.02
It drove me crazy having these systems that I could print money with on Demo/Sym yet as soon as I traded them live I turned into a wreck. I never blew up an account, for me it was more like 'death of a thousand cuts' kind of deal
I would triple accounts on Sim , and then slowly leak 5% over a number of weeks on Live....There are a number of things that helped me turn the corner. But at the core of everything is Trading in the Zone.
Here's the kicker though, you cant just read it once and think everything is going to be different now. It's not a Tony Robbins style quick fix. It's not an 'I am a child of the universe and god wants me to be rich' kind of deal....
It took a hell of a lot of effort for me to turn things around, and it's not over yet, I doubt it ever will be.... but for me it all started with what MD laid out.
TL;DR - I'm a +1 for Trading in the Zone.
Just my $0.02
damnpenguins : you know there are many approaches to psychology/"spirituality".
It is all about finding where the solution lies for one's problem, without closing out anyother option - that could be the solution to one's problem.
Tony Robbin : is just the first step for those who wish to get into his way of doing things. However, for those who understand a little bit about "religion", I can understand why they'd avoid. The more one learn about psychology/"spirituality" and the more discerning one becomes on these "psy" subjects.
It is all about finding where the solution lies for one's problem, without closing out anyother option - that could be the solution to one's problem.
Tony Robbin : is just the first step for those who wish to get into his way of doing things. However, for those who understand a little bit about "religion", I can understand why they'd avoid. The more one learn about psychology/"spirituality" and the more discerning one becomes on these "psy" subjects.
%%
True, or simply need to know many things work well only for brief period of time. Don Bright or bro[Bright Daytrading Co]made millions + averaged down on GM. But since GM went bankrupt, that does not mean i should do that . In other words his emotions are out of order; not likely anybody eliminates emotions, but some do have them in order.
I was never wired to do any of those suggestions, some people can't be like Spock. Men don't change unless there is pain in one way or another. I did(do) hypnosis now but in beginning I did a tens unit strapped on my thigh, knob goes from 0-10, when I "just knew" I had to violate my rules, turned that sucker quickly up to 5, and only needed that couple more times and never used that again for pain management, then hypnosis and still go. So now I write down all times I want to go against my rules into "Dumb" journal and I am wrong over thousands of trades 95% of the time. I still believe in tens unit for helping with pain on have in back, and think it is an ideal way to curb times of not doing trading plan, if married or GF, let them give you zaps. They will volunteer eagerly.
Had nothing to do with systems I developed as I believed in the methods, but it was just I was not used to becoming a robot. Automation really the best way to go, by the time you have several of them going, even your interest in trading reduces.
Had nothing to do with systems I developed as I believed in the methods, but it was just I was not used to becoming a robot. Automation really the best way to go, by the time you have several of them going, even your interest in trading reduces.
1) Reduce your trading account so that its not possible to trade "too large"
2) Find someone to trade with...side by side in person so that you're not trading alone
Seriously? You really have to ask this? Either wake the F up, get some diciplibe, or quit. It's a very binary choice.
This is a cut throat winner take all game. There is zero room for softies to make money.
Last edited:
You need to read this until you know it like the back of your hand
No single book impacted my trading like this one did
http://m.barnesandnoble.com/w/the-disciplined-trader-mark-douglas/1111384402?ean=9780132157575