Please Help.. Please

Quote from ammo:

google id,ego and super ego, market doesnt have one, you need to shut yours off,winning doesnt make you a super star ,losing doesnt make you dog doodoo,just is what it is
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I think trading is just too hard.. Not only do you need to be an expert technically, you also need to be expert mentally..
 
Quote from marketsurfer:

Is that CornixForex? My gosh, how many trading shrinks are there? Must be a lucrative field.
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I call it friction - all vendors, educators, coaches, mentors, therapists, etc. that extract money from the losers before they lose it in the markets to the winners. There is a lot of friction nowadays.
 
Quote from marketsurfer:

Is that CornixForex? My gosh, how many trading shrinks are there? Must be a lucrative field.
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Nope, not CF. Rande's book is pretty cheap , maybe $ 35 if i remember correctly. Not sure if that is lucrative, you'll have to ask your friend Denise.
 
Quote from mrnate22:

Day 8 Experiment

Today was a short day for me cause I don't trade after the Fed announcement.

1. Missed 1 great setup - worked well.. I was pretty annoyed
2. Bought 2 mediocre setups - 1 failed and the other I made 10 cents.. I don't know why I still enter.. I can't help myself
3. Bought 1 great setup - worked well

Still breaking the rules but slightly improving..
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After the Fed announcement stocks moved significantly, it was a good time to trade, regardless of what the announcement actually said, who cares so long as there is a reaction and prices move.

I had a brief look at your trading journal:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=247066

and your statements often come across as highly opinionated as to how markets will react. Holding such opinions is completely alien to my way of thinking. I particular your belief of the SPY reacting at the 20 ema is quite simply nonsense. Trade what you see not what you believe.

As for not sticking to your rules, you acknowledge you have difficulty there. Personally I don't like the idea of rules as it sounds inflexible, but you should have some form of trading process that you follow. The fact you admit to not following your rules indicates that you haven't developed such a process yet. Until you do that then trade small in order to loose small otherwise you are throwing your money away. I presume that you are not making a consistent profit otherwise you would not be seeking advice.
 
As for not sticking to your rules, you acknowledge you have difficulty there. Personally I don't like the idea of rules as it sounds inflexible, but you should have some form of trading process that you follow. The fact you admit to not following your rules indicates that you haven't developed such a process yet. Until you do that then trade small in order to loose small otherwise you are throwing your money away. I presume that you are not making a consistent profit otherwise you would not be seeking advice. [/B][/QUOTE

Mysteron,

I don't trade after the Fed cause it gets too choppy and usually stops me out..

I tried writing a journal here before cause I thought it will help my discipline but it didn't.

Regarding technicals, I may have opinions of what the market will do the next day but I trade what the market actually does.. I have complete confidence in my trading system and i can spot setups 70%+ accuracy.. The problem is me, myself and I..

The only time I make money is when I follow my rules and I rarely do that..
 
This will be my last post..

I broke my rules again today and as much as I want to control my emotions, I just can't do it.. I believe lack of discipline is the main reason why a lot of traders fail.

I gave it a try but I don't have the mental toughness like other profitable traders..

Thanks everyone who gave me advice and good luck with Trading..
 
any job you start would require continual changes personally,physically and mentally to continually improve ,push yourself, i can't is the first hurdle
 
Quote from mrnate22:

This will be my last post..



I gave it a try but I don't have the mental toughness like other profitable traders..
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your honesty is refreshing in this business. Don't believe the claims of the "profitable traders" regardless of how "nice" and "willing to help" they seem. With this said, profitable traders do exist, but your mentors are showing you the wrong road. surf
 
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