How To Trade Being In The Zone

volente_00 · Jan 16, 2011

jinxu, the zone to you = the fantasyland that you live in.

No offense but no one gives 2 $hits about your 10% intraday real money returns because the secret to trading is not about how much profit you make on a trade, it is about keeping what you make consistently over the long run and so far you have proven you can't do that by your consistent refunding of your account.

There is a process of steps that lead up to being a consistent profitable trader and right now you are at the level of where you are still not profitable. The next step is break even, followed by slightly profitable, followed by extremely profitable. You are about midway in this journey and until you figure out how to control you emotions and keep your losses small, you will struggle to get to the next level of breakeven.

davidmaria1 · Jan 16, 2011

Be the ball, Danny...

jinxu · Jan 16, 2011

Quote from the1:

Trading is a sport. As such, you have to be conditioned to excel in this sport. Balance your carbs, fats, and proteins. Get plenty of exercise and sleep and your current level of success will be magnified probably 2-fold. Good trading and good eating!

That sounds like great advice. Would it improve my appearance so that it'll help me with picking up hot chicks too? When I become successful, I want to have multiple hot girlfriends and never get married.

Respectfully joking around, the1.

startraitor · Jan 16, 2011

Play video games, watch movies!

Roark · Jan 16, 2011

Quote from Redneck:

..If your âsecretâ is part of the system youâre attempting to sell â buyers are royally screwed â as far as I know mind meld is not possible except on star trek....

Trading is not a sport â itâs only about making money â while also knowing you have to risk money to make moneyâ¦

t is physically impossible for me to become the marketâ¦, nor do I really want toâ¦.

Rednecks have red necks because of increased blood flow to the brain. That's why they are able to think for themselves. Give it a try Jinxu. Put the books aside and forget what you've read. Close your eyes and visualize yourself at a beach with huge waves. A hundred meters out in the blinding sunshine, a group of surfers are floating on their boards waiting to catch the next big one. You see any novice surfers on the shore with a long board in one hand and a book in the other, entitled "How to Catch the Big One"?

Now put the books aside and go put on a trade.

Red_Ink_inc · Jan 17, 2011

konviction · Jan 17, 2011

Quote from NoDoji:

Your secret to trading in the zone is that in your sim account you can average down and trade without stops and stroke your ego with consistent profitability, the likes of which you cannot duplicate in a live account.

I challenge you to set your sim account to $10K, trade for one week with live calls here and produce a positive result.

Doji, I welcome you to follow my simulated journal with 15,000. All's been good so far. http://www.elitetrader.com/vb/showthread.php?s=&threadid=213081&perpage=6&pagenumber=1 .. also see page 8 where I mention starting capital.

SnakeEYE · Jan 17, 2011

Quote from NoDoji:

Your secret to trading in the zone is that in your sim account you can average down and trade without stops and stroke your ego with consistent profitability, the likes of which you cannot duplicate in a live account.

I challenge you to set your sim account to $10K, trade for one week with live calls here and produce a positive result.

The subtle difference between sim and real account is just a holding period, i think.

But anyway, to be in the zone 2 SMAs wolud be enough

the1 · Jan 17, 2011

Redneck, I disagree with about everything you said and here is why. What works for you, whether that's downing a 12 pack before the opening bell, stuffing your cheeks with chewing tobacco, snorting a line of coke, or jacking off to 10 minutes of porn (obviously, I'm being very dramatic to drive the point home), may not work the guy sitting right next to you.

That guy may have to lift weights, eat right, get plenty of rest, meditate, you know, whatever it takes. When I approach trading as a sport I become a winner. It's entirely possible some other guy may be able to wake up with hangover and pull down 2k that day. Bottom line, just do what works and view the markets in any way that generates more winners than losers. The market to me is a boxing match between buyers and sellers. It's a complete knock-down, drag out and I have to be mentally and physically prepared for the daily battle. If I'm not in tip top physical and mental shape I'll trade like shit. Viewing it as a sport is just what works <b>for me.</b>

Quote from Redneck:

Jinxu,

Nice try â but you are full of shit

I imaging now your response to me will be something along the lines of ; Okay you stupid ass so what exactly is trading in the zone

To wit I would respond;

Being in the zone is simply having a clear mind (quieted thoughts)â¦, so past actions never encumber current actionsâ¦, current actions never encumber future actionsâ¦, while you are simply listening toâ¦, and trading priceâ¦

Always within..., and always based up - the contex, and rules you create

===============================================

If your âsecretâ is part of the system youâre attempting to sell â buyers are royally screwed â as far as I know mind meld is not possible except on star trek

=============================================================================================
On another note

T1

Trading is not a sport â itâs only about making money â while also knowing you have to risk money to make moneyâ¦

I have no clue what high/ low isâ¦, or what the trend is for that matter â unless I have specific contextâ¦.

KTS

I am a dumbass redneck â it is physically impossible for me to become the marketâ¦, nor do I really want toâ¦.

But I absolutely agree; Totally immersing oneself is the only way one should approach learning â anythingâ¦.

Just my simple minded thoughts

RN

Redneck · Jan 17, 2011

And that is the real beauty of being humanâ¦ and tradingâ¦

We each must find our own way

Hereâs to scoring some points/ KO's tomorrow

Oh and for the record - I do dip....

eta; On a more somber note - if I somehow had the corner on trading profitably - obviously I would have all the money...

And that is definitely NOT the case by any stretch of the imagination - I lose like everyone else

RN

Quote from the1:

Redneck, I disagree with about everything you said and here is why. What works for you, whether that's downing a 12 pack before the opening bell, stuffing your cheeks with chewing tobacco, snorting a line of coke, or jacking off to 10 minutes of porn (obviously, I'm being very dramatic to drive the point home), may not work the guy sitting right next to you.

That guy may have to lift weights, eat right, get plenty of rest, meditate, you know, whatever it takes. When I approach trading as a sport I become a winner. It's entirely possible some other guy may be able to wake up with hangover and pull down 2k that day. Bottom line, just do what works and view the markets in any way that generates more winners than losers. The market to me is a boxing match between buyers and sellers. It's a complete knock-down, drag out and I have to be mentally and physically prepared for the daily battle. If I'm not in tip top physical and mental shape I'll trade like shit. Viewing it as a sport is just what works <b>for me.</b>