livingston's class
- Thread starter livingston1
- Start date
FF and Bit,
Glad to see you guys are still around - I learn a lot from your posts, and responses!
Bit, can you elaborate a bit on your post above?
FF, can you talk a bit about the problem you posted in your recent thread "Anyone Seen this Bullshit" in the Trading forum?
Thanks for helping!
Glad to see you guys are still around - I learn a lot from your posts, and responses!
Bit, can you elaborate a bit on your post above?
FF, can you talk a bit about the problem you posted in your recent thread "Anyone Seen this Bullshit" in the Trading forum?
Thanks for helping!
Ok, guys, now we're at the bottom of the third page of this forum. Let's see if we can get rolling again.
Bit, FF, bill, and anyone else who'd like to chime in, would you be interested in sharing your story - how you got started, what you'd do diffeently knowing what you know now, what you forsee for the future of trading?
I've asked at least one very sharp poster on ET this last question; his thoughts are cogent, and really get one to thinking...would love to hear from others on thiese topics!
Bit, FF, bill, and anyone else who'd like to chime in, would you be interested in sharing your story - how you got started, what you'd do diffeently knowing what you know now, what you forsee for the future of trading?
I've asked at least one very sharp poster on ET this last question; his thoughts are cogent, and really get one to thinking...would love to hear from others on thiese topics!
Take more risk, but risk with reason. The thing about trading with fear is that it's true that you won't lose much, but you won't make much either which in turn questions your stance in the game, are you just playing to make a living (you can get a steady job instead) or here to make some serious money...
The greater the adversity, the brighter the light of opportunity.
(however, the keyword here is reason. If you see a high probability setup you have seen a million times before, get in, even with some size, keep in control and let it play out).
The other thing I found to be important is that you have to find your thing in this game, the strategy that suits best to you in accord with your personality and to your liking, and focus on it-fine tune it to the best it can be and make money with it.
The greater the adversity, the brighter the light of opportunity.
(however, the keyword here is reason. If you see a high probability setup you have seen a million times before, get in, even with some size, keep in control and let it play out).
The other thing I found to be important is that you have to find your thing in this game, the strategy that suits best to you in accord with your personality and to your liking, and focus on it-fine tune it to the best it can be and make money with it.
yeah, when some news hit or a stock that is just volitle, I have to offer through about 50 cents up on ECNs just to have a shot to get filled.
the problem is also that on listed stocks u often dont get filled on ecns either...wether u buy or sell.
me thinks specs are pissed big time cuz they know they gonna slowly disappear and give up all the easy profits since the hybrid system is prolly already eatin' into their bottom line; they are aware they willl be left out soon and now they are in revenge mood...things got very bad in the past few months as far as i concern.
tradethetrade
Vendor
A few quotes from my biz plan to spice things up...
1. If a trader does not understand what happens to him psychologically while in a trade, he is doomed to lose until he does or he runs out of money.
2. THE MARKET PAYS YOU TO BE DICIPLINED
3. BE DISCIPLINED EVERY DAY, EVERY TRADE AND THE MARKET WILL REWARD YOU
4. ALWAYS LOWER YOUR TRADE SIZE WHEN YOUR TRADING POORLY
5. 4.NEVER TURN A WINNER INTO A LOSER
6. YOU'RE BIGGEST LOSER CANNOT EXCEED YOU'RE BIGGEST WINNER
7. 6.DEVELOP A METHODOLOGY AND STICK WITH IT
8. BE YOURSELF. DON'T TRY TO BE SOME ONE ELSE
9. YOU ALWAYS WANT TO BE ABLE TO COME BACK AND PLAY THE NEXT DAY
10. EARN THE RIGHT TO TRADE BIGGER
11. GET OUT OF YOUR LOSERS
12. THE FIRST LOSS IS THE BEST LOSS
13. DON'T HOPE AND PRAY
14. DON'T SPECULATE
15. NEVER TAKE A BIG LOSS
16. HIT SINGLES NOT HOME RUNS
17. CONSISTENCY BUILDS CONFIDENCE
18. LEARN TO SWEAT OUT YOUR WINNERS
19. MAKE THE SAME TYPES OF TRADES OVER AND OVER AGAIN <dougz> BE A BRICKLAYER
20. DON'T OVER ANALYZE
21. ALL TRADERS ARE EQUAL IN THE EYES OF THE MARKET
22. IT'S THE MARKET ITSELF
23. Itâs boring. Itâs a job. Patience.
24. 70% of the money flowing comes from Institutional investors.
25. Strong volume is 150% of normal volume.
1. If a trader does not understand what happens to him psychologically while in a trade, he is doomed to lose until he does or he runs out of money.
2. THE MARKET PAYS YOU TO BE DICIPLINED
3. BE DISCIPLINED EVERY DAY, EVERY TRADE AND THE MARKET WILL REWARD YOU
4. ALWAYS LOWER YOUR TRADE SIZE WHEN YOUR TRADING POORLY
5. 4.NEVER TURN A WINNER INTO A LOSER
6. YOU'RE BIGGEST LOSER CANNOT EXCEED YOU'RE BIGGEST WINNER
7. 6.DEVELOP A METHODOLOGY AND STICK WITH IT
8. BE YOURSELF. DON'T TRY TO BE SOME ONE ELSE
9. YOU ALWAYS WANT TO BE ABLE TO COME BACK AND PLAY THE NEXT DAY
10. EARN THE RIGHT TO TRADE BIGGER
11. GET OUT OF YOUR LOSERS
12. THE FIRST LOSS IS THE BEST LOSS
13. DON'T HOPE AND PRAY
14. DON'T SPECULATE
15. NEVER TAKE A BIG LOSS
16. HIT SINGLES NOT HOME RUNS
17. CONSISTENCY BUILDS CONFIDENCE
18. LEARN TO SWEAT OUT YOUR WINNERS
19. MAKE THE SAME TYPES OF TRADES OVER AND OVER AGAIN <dougz> BE A BRICKLAYER
20. DON'T OVER ANALYZE
21. ALL TRADERS ARE EQUAL IN THE EYES OF THE MARKET
22. IT'S THE MARKET ITSELF
23. Itâs boring. Itâs a job. Patience.
24. 70% of the money flowing comes from Institutional investors.
25. Strong volume is 150% of normal volume.