Emotional reset after every trade?

[ironchef]

Ya but the point being you essentially still have a day job.

You are right if I day trade. It is really like a day job.

 

[deaddog]

You are right if I day trade. It is really like a day job.

It sounds better if you refer to it as a home based business rather than a job.
That way you can always blame the trader, and as owner of the business you can replace him with a better one.

 

[Frederick Foresight]

The idea is that you can make money trading and not be stuck in front of your computer hours a day.

That's your idea. We all have different ideas. Different aptitudes. Different "edges." Sometimes similar, but always different.

 

[ironchef]

It sounds better if you refer to it as a home based business rather than a job.
That way you can always blame the trader, and as owner of the business you can replace him with a better one.

Since I am the only employee in this business, I have to fire myself: quit day trading.

 

[Frederick Foresight]

Since I am the only employee in this business, I have to fire myself: quit day trading.

You can blame your troubles on either management or labor, depending on which hat you're wearing at the time.

 

[deaddog]

Since I am the only employee in this business, I have to fire myself: quit day trading.

Or you could put yourself on probation, have to explain every trade to the boss. Look over your own shoulder and keep asking, why the hell are you doing that. If you can't explain why then you should probably be fired. (some people are not cut out to be day traders)

 

[SunTrader]

The idea is that you can make money trading and not be stuck in front of your computer hours a day.

And sip a tall frosty or mixed drink concoction on some South Pacific beach huh?

 

[Frederick Foresight]

And sip a tall frosty or mixed drink concoction on some South Pacific beach huh?

While admiring his orange "Lambo," the one he can't help but keep mentioning.

 

[tomkat22]

No. I quit my day job in 2010. Don't need any more money from trading now, it is just for fun.

So you live off a pension or you received a huge settlement when your foot got stuck in an escalator?

 

[schizo]

i got a friend, also a trader, mainly in CL futures. He is essentially profitable, but he has a handicap. He trades one trade a day and 3,6 out of 5 days they end up in winning days, as his statistics say. If he trades more then 1 trade a day, lets say 2 trades, his losing rate would be significantly higher as he is emotionally not free from the last trade and therefore unable to reset between the 2 trades which leads to doing bad analysis.

Do you know any techniques or trainings for him to emotionally reset after a trade? Mine would not help him.

I apologize in advance if this comes across as a little crass, but your question is simply meaningless.

If your friend is profitable with ONLY ONE TRADE PER DAY, then by all means stick to that strategy!!!

Who sez you MUST make more than 1 trade a day?

If you were my friend and you tried (deceptively or otherwise) to steer me away from my already successful setups, I would smack your face without any hesitation. Because that ain't no friend of mine. I know, truth hurts.