Maintaining optimal mental state

[ironchef]

I noticed that you used the word "survive". I imagine that applies to rookies and not to veterans? My desire is to get past the survivability stage and on to consistent profitability without going bust.

Both. Pros like Jesse Livermore didn't survive.

 

[Turveyd]

Both. Pros like Jesse Livermore didn't survive.

Survived maybe not, made enough money to live 10 life times in luxury over the period and had a damn good life, ohhhh yes!!

Everything fails eventually, we all die, just have some fun in the mean time.

 

[nooby_mcnoob]

Survived maybe not, made enough money to live 10 life times in luxury over the period and had a damn good life, ohhhh yes!!

Everything fails eventually, we all die, just have some fun in the mean time.

Uh did you read how he died... He gave up... Too tired of repeatedly losing everything.

 

[Turveyd]

Uh did you read how he died... He gave up... Too tired of repeatedly losing everything.

No just assumed like he lived like a billionaire ( never spending any cause your crazy ) for many years, before eventually blowing up.

Better to have have been rich than poor always, then yeah suicide when back to poor for defo.

 

[nooby_mcnoob]

No just assumed like he lived like a billionaire ( never spending any cause your crazy ) for many years, before eventually blowing up.

Better to have have been rich than poor always, then yeah suicide when back to poor for defo.

Yeah I wouldn't use him as a life example. He was a degenerate but I bet he could have thrived with options.

 

[ronnym789]

Both. Pros like Jesse Livermore didn't survive.

Good point. I'm going through his book now and he said something profound that I've been thinking a lot about:

"There's nothing like losing all you have in the world for teaching you what not to do. And when you know what not to do in order not to lose money, you begin to learn what to do in order to win."

This was quoted after his 4th time of going bust.

 

[speedo]

If you are referring to day trading, optimally you want to be calm, focused, non-judgmental and in the moment. Non-judgmental means not having a bias but you follow a well tested trade plan with clearly defined signals and rules....signals which you take and rules which you follow. A regular meditation practice is an ideal way to help achieve all this. It's also an additional discipline which you will need plenty of.

 

[wrbtrader]

Good morning everyone,

I have two questions for those of you who are consistently profitable.

What is your optimal mental state when you trade? Is it confidence, caution, aggressiveness, combination of different states, etc?

How do you consistently maintain an optimal mental state despite the difficulties that you may experience on a day-to-day basis?


I'm preparing the groundwork to be a successful trader and I've placed very few trades over the years. I'm currently learning about mindset and I realized from my studies that this is a current major issue I need to work on.

I'm a stay-at-home father who loves to build and refine systems to make executing my responsibilities efficient. One example of an efficient system that I've built is around meals. In a matter of about three hours, I update and track my grocery budget, take an inventory of what I currently have, plan my meals for 1 to 2 weeks, buy my groceries, and put them away inside my house in its proper place.

My problem that I have is not in building and refining systems but it is maintaining an optimal state for consistently executing my system.

After taking further examination of my thought processes this morning, I've been saying to myself, “this is overwhelming” or “I hate doing this”.

My main opportunity for change is that I've been thinking negatively without even realizing that I'm doing it. I can't afford to have this negative mental state crossover into my trading.

Thanks!

7 Reasons Why Emotional Intelligence Is One Of The Fastest-Growing Job Skills

https://getpocket.com/explore/item/...t-growing-job-skills?utm_source=pocket-newtab

wrbtrader

 

[Andrea Wylan]

Good morning everyone,

I have two questions for those of you who are consistently profitable.

What is your optimal mental state when you trade? Is it confidence, caution, aggressiveness, combination of different states, etc?

How do you consistently maintain an optimal mental state despite the difficulties that you may experience on a day-to-day basis?


I'm preparing the groundwork to be a successful trader and I've placed very few trades over the years. I'm currently learning about mindset and I realized from my studies that this is a current major issue I need to work on.

I'm a stay-at-home father who loves to build and refine systems to make executing my responsibilities efficient. One example of an efficient system that I've built is around meals. In a matter of about three hours, I update and track my grocery budget, take an inventory of what I currently have, plan my meals for 1 to 2 weeks, buy my groceries, and put them away inside my house in its proper place.

My problem that I have is not in building and refining systems but it is maintaining an optimal state for consistently executing my system.

After taking further examination of my thought processes this morning, I've been saying to myself, “this is overwhelming” or “I hate doing this”.

My main opportunity for change is that I've been thinking negatively without even realizing that I'm doing it. I can't afford to have this negative mental state crossover into my trading.

Thanks!

Good morning everyone,

I have two questions for those of you who are consistently profitable.

What is your optimal mental state when you trade? Is it confidence, caution, aggressiveness, combination of different states, etc?

How do you consistently maintain an optimal mental state despite the difficulties that you may experience on a day-to-day basis?


I'm preparing the groundwork to be a successful trader and I've placed very few trades over the years. I'm currently learning about mindset and I realized from my studies that this is a current major issue I need to work on.

I'm a stay-at-home father who loves to build and refine systems to make executing my responsibilities efficient. One example of an efficient system that I've built is around meals. In a matter of about three hours, I update and track my grocery budget, take an inventory of what I currently have, plan my meals for 1 to 2 weeks, buy my groceries, and put them away inside my house in its proper place.

My problem that I have is not in building and refining systems but it is maintaining an optimal state for consistently executing my system.

After taking further examination of my thought processes this morning, I've been saying to myself, “this is overwhelming” or “I hate doing this”.

My main opportunity for change is that I've been thinking negatively without even realizing that I'm doing it. I can't afford to have this negative mental state crossover into my trading.

Thanks!

 

[Andrea Wylan]

I think the ideal trading state is to trust yourself. Period. To trust yourself to follow your rules and your plans.

You get there by practice and dealing with and healing the issues in the way (childhood trauma really).

You stay there by doing the same thing day after day--following the plan. (Meditation, exercise, etc. helps) and not focusing on the money.