my story

it's so true.
as for overtrading, I think as long as one knows when to *overtrade* for a valid reason, just do it, but don't form a habit.

I now check the account and quotes couple times a day only, and reviewing charts during weekends. And trying to spend more time with kid. And this was un-thinkable, I spent many night sleepless before, gazing at the screen waiting for the market opens......

As Jessie Livermore said before "millions come easier than hundreds did during the days of ignorance."

good trading to everyone, hope I can last 10 more years in this business and get very very solid.

Quote from athlonmank8:

Thanks for posting!

I will say this. As long as you keep your losses within reason over a 5-6 year span, You will make back everything with interest in a fraction of that time once you develop your edge.

I was stunned once I turned profitable. Moreover, once you're profitable your over-trading problems take care of themselves.

The mindset that once your up, and you can take on extra leverage at high probability setups will really put you over the top and onto the next level as well as keeping your number of trades to a minimum.

8-12 hours a day for me at the computer screen is now a maximum of 2-3. It's becoming less and less. That's for daytrading too.
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my wife actually is a very supportive person, typical communications like this:

1)
Me: "I lost another 1k today..."
Wife: "Ok."

2)
Me: "honey! my acocunt up 5K today!!!"
Wife:"Great! did you forget to buy the diapers for the kid?"

3)
Me: "honey, I believe I can earn more money"
Wife: "Ok then, we can buy a new beamer"

she actually never gives a shit about my trading. and this is very good indeed.

Quote from deadbroke:

Good man. :)

Is it just coincidence that you opened this thread at post count #69 or is your trading success due to your wife doing 70 chores around the house, cooking and 69?

Take your triangle trading to the next level by adding this concept to your arsenal ..... triangles always occur in the penultimate position of a wave; therefore the next subwave is the end of the wave.

Your point #2 is too difficult for these numbskulls to grasp - ET-ers (ALL OF THEM) trading style is now well-known ....

Missing the forest for the trees

:)
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Quote from mikeenday:
3)
Me: "honey, I believe I can earn more money"
Wife: "Ok then, we can buy a new beamer"

she actually never gives a shit about my trading. and this is very good indeed. [/B]
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Oh yes she does.

You're just to blind to see it.
 
Quote from mikeenday:

my wife actually is a very supportive person, typical communications like this:

1)
Me: "I lost another 1k today..."
Wife: "Ok."

2)
Me: "honey! my acocunt up 5K today!!!"
Wife:"Great! did you forget to buy the diapers for the kid?"

3)
Me: "honey, I believe I can earn more money"
Wife: "Ok then, we can buy a new beamer"

she actually never gives a shit about my trading. and this is very good indeed.
More...


You: "honey, I quit the day job"
Wife: "YOU DID WHAT!?!?!?"
 
this is just one of the many reasons i will NEVER get married. actually there is one reason: someone is holding my family hostage and says "get married now or i will kill them dead". and even then i'd have to think about it lol.
 
Well done! :)

Are you focused on a few markets or do you track a lot of markets more like on an end of the day basis to find the best set-ups according to your criteria?

Thanks.
 
in trading, like poker, you can't expect to play every hand and be up. I find overtrading to be my single greatest factor of losses. Pick your spots and manage your downside.

Trading is not a business in the sense that you have to be making a trade all the time.
 
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