As an uninvolved and neutral observer, my general recollection of some of your earlier posts was that of a cocky bastard ready for a fall. I sincerely hope you work things out.
Fear
- Thread starter jztrading
- Start date
mr subliminal - i dont post that often. i may have been cocky (ignorant), things were certainly rolling pretty well there - and ive been successful in other pursuits - crashing and burning was a humbling experience. i should have mentioned that if i move things around, i have probably have enough passive income to live on from real estate investments; id like more of a buffer, because i dont want to have to crank things up again. id like to spend non-trading hours doing something other than writing narrative reports - also, working in a "down" real estate market isnt all that pleasant. in trying to ride this wave for all its worth, but the little voice inside is telling me to stop acting like im gonna libe forever.
longshot: its a question of timing. biz is too good to transition away from it yet, but its certainly not as satisfying as it was +/-20 years ago when i started. the big "5-0" is looking alot bigger than 40 did. i just cant do both at the same time and do either justice (or avoid serious burnout), so im in limbo, but not purgatory.
Hi Longshot,
You're darn right. I always thought that fear was my foremost positive and helpful ingredient in highly profitable trading. Without fear, I would have been in the poorhouse many years already.
Be good,
nononsense
P.S. These psycho's never thaught me anything.
jz,
I trust you have clearly defined what you are doing; entry/exit/stops - now stick to it; I know the temptation to exit a trade when it's a couple of points against you only to find the trade was a good one - don't; if you believe in the system you have then use it; if not or you don't have a system at all then go get a job until you have a system you do.
good luck.
I trust you have clearly defined what you are doing; entry/exit/stops - now stick to it; I know the temptation to exit a trade when it's a couple of points against you only to find the trade was a good one - don't; if you believe in the system you have then use it; if not or you don't have a system at all then go get a job until you have a system you do.
good luck.
Exactly woodcutter,
Fear is still necessary because it makes you stick to what you know to work. I'm scared as hell to deviate from it.
If you haven't as you call it "defined what you are doing" you don't know what to fear exactly. I do!
nononsense
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Quote from dbphoenix
Criticize any guru and their followers will rush to his/her defense. It's to be expected since it's a ramification of being incapable of assuming responsibility for one's own situation.
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Is this wanna be guru stuff again db? Funny how the most voluble on ET have the biggest problems with (other?) sources of expertise.
Rabid, Phoenix, Nito etc. Maybe there is insight available for you here.
Kiwi
Quote from dbphoenix
Criticize any guru and their followers will rush to his/her defense. It's to be expected since it's a ramification of being incapable of assuming responsibility for one's own situation.
--------------------------------------------------------------------------------
Is this wanna be guru stuff again db? Funny how the most voluble on ET have the biggest problems with (other?) sources of expertise.
Rabid, Phoenix, Nito etc. Maybe there is insight available for you here.
Kiwi
Fear, dread, panic, anxiety or general fu*ked-up nervousness .. the greater they are the greater is the extent to which you don't know your market (ie don't know what you are doing).
So.
Exploit zero sum dynamics (ie DOW index futures). Research. Assemble your data. Analyze and set up you trading model. Check. Token trade for confidence. Move to weighted bet size in ratio to you capital for your trading mode .. never exceed that. Accumulate net points weekly. And now you are following the yellow brick road to your dreams.
So.
Exploit zero sum dynamics (ie DOW index futures). Research. Assemble your data. Analyze and set up you trading model. Check. Token trade for confidence. Move to weighted bet size in ratio to you capital for your trading mode .. never exceed that. Accumulate net points weekly. And now you are following the yellow brick road to your dreams.
