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Quote from myminitrading:

6 months dream on, I have been doing this for 7 years and still get frustrated, make bad decision, chase markets, get stopped out and never re-enter just to watch in horror as the original trade zoomed higher.

Their are pros out their who have been in this business for 20 years who still can blow out an account. 6 months ha!

Stone cold discipline is what required, an emotionless robot.
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Oh yes, the Elite Trader Mantra lives on thru and thru. The "if I cant do it ,you surely cant do it - itis" as exhibited by another lame brain trader in the above post.

Ha hoss, I have been trading financials for over 8 years myself. Evidently, some people are more talented than you are.
Because there are 2 close people I know personally that have been trading eminis less than a year and do not have a losing week, ever. And have tripled and doubled their money in 10 mos and 5 mos respectfully. So 6 months " ha ", is my reply to you !!!

Just because you do not have the skills after 7 long years to smoothly get the hang of this game his do not think it applies to everyone else :D

Face it after 7 years of this you might want to consider moving on to something you can be successful at. Sounds like you are just spinning your wheels
Peace out :)
 
Quote from jimmygold:

Oh yes, the Elite Trader Mantra lives on thru and thru. The "if I cant do it ,you surely cant do it - itis" as exhibited by another lame brain trader in the above post.

Ha hoss, I have been trading financials for over 8 years myself. Evidently, some people are more talented than you are.
Because there are 2 close people I know personally that have been trading eminis less than a year and do not have a losing week, ever. And have tripled and doubled their money in 10 mos and 5 mos respectfully. So 6 months " ha ", is my reply to you !!!

Just because you do not have the skills after 7 long years to smoothly get the hang of this game his do not think it applies to everyone else :D

Face it after 7 years of this you might want to consider moving on to something you can be successful at. Sounds like you are just spinning your wheels
Peace out :)
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Wow! tripled their money in 10 months wow! NEVER A LOOSING WEEK WOW! you should start a trading room!
 
Quote from jimmygold:

Oh yes, the Elite Trader Mantra lives on thru and thru. The "if I cant do it ,you surely cant do it - itis" as exhibited by another lame brain trader in the above post.

Ha hoss, I have been trading financials for over 8 years myself. Evidently, some people are more talented than you are.
Because there are 2 close people I know personally that have been trading eminis less than a year and do not have a losing week, ever. And have tripled and doubled their money in 10 mos and 5 mos respectfully. So 6 months " ha ", is my reply to you !!!

Just because you do not have the skills after 7 long years to smoothly get the hang of this game his do not think it applies to everyone else :D

Face it after 7 years of this you might want to consider moving on to something you can be successful at. Sounds like you are just spinning your wheels
Peace out :)
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Hey, that's good but frequency would be one of the factors to consider. How many times do they go to the well and what are they risking?
 
Quote from jimmygold:

Oh yes, the Elite Trader Mantra lives on thru and thru. The "if I cant do it ,you surely cant do it - itis" as exhibited by another lame brain trader in the above post.

Ha hoss, I have been trading financials for over 8 years myself. Evidently, some people are more talented than you are.
Because there are 2 close people I know personally that have been trading eminis less than a year and do not have a losing week, ever. And have tripled and doubled their money in 10 mos and 5 mos respectfully. So 6 months " ha ", is my reply to you !!!

Just because you do not have the skills after 7 long years to smoothly get the hang of this game his do not think it applies to everyone else :D

Face it after 7 years of this you might want to consider moving on to something you can be successful at. Sounds like you are just spinning your wheels
Peace out :)
More...

Trading successfully for a few months doesn't mean anything. It could be just luck, or because it's a bull market.
 
Quote from trendtech:

Trading successfully for a few months doesn't mean anything. It could be just luck, or because it's a bull market.
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I disagree because most new traders or a season trader that's new to a particular trading instrument...

Struggle or have consistent losses as in they are not profitable the first few months.

Thus, whenever I hear someone say they are a new trader or new to a particular trading instrument and profitable...

I ask a few questions and the commonality in their answers is that they are learning from a profitable trader or just happen to be using a trade methodology or approach to the market like a season trader.

Simply, it really does mean something that someone is profitable in their first few months of trading especially if you dig a little deeper to find out why.

Mark
 
Actually Mark Douglas in Trading in the Zone mentions it is quite common for new traders to be profitable before they start "thinking"
 
Quote from Allaces:

Actually Mark Douglas in Trading in the Zone mentions it is quite common for new traders to be profitable before they start "thinking"
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Are you talking about the book that was written in the early part of 2001 via what he studied in the parabolic bull market of the late 1990's?

Yep...I agree that for that type of market...its very common for new traders to be profitable.

However, since the bubble burst and since volatility has been declining since those wonder years of easy money...

It's not easy for new traders to be profitable as in that most new traders are not consistently profitable.

Therefore, those few new traders that are profitable in today's market environment...

It does mean something that I think merits further research and is the reason why I enjoy talking to these types of traders to see what it is in their thinking process that's different from other new traders.

Mark
 
I think he was talking more about the psychology of a trader. It's like anything in life, be it a perfect sports play or great art etc... the key to excellence is observing and reacting without thinking. You do something until it is automatic, until the subconscious takes over.. the subconscious is the conduit to true genius
 
Quote from NihabaAshi:

Are you talking about the book that was written in the early part of 2001 via what he studied in the parabolic bull market of the late 1990's?

Yep...I agree that for that type of market...its very common for new traders to be profitable.

However, since the bubble burst and since volatility has been declining since those wonder years of easy money...

It's not easy for new traders to be profitable as in that most new traders are not consistently profitable.

Therefore, those few new traders that are profitable in today's market environment...

It does mean something that I think merits further research and is the reason why I enjoy talking to these types of traders to see what it is in their thinking process that's different from other new traders.

Mark
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Did someone say Parabolic Bull Market ... thanks for providing such a comprehensive support of our arguement Mark.

Jimmy Jam
 

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Quote from JimmyJam:

Did someone say Parabolic Bull Market ... thanks for providing such a comprehensive support of our arguement Mark.

Jimmy Jam
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Yeah...its parabolic although its lost its volatility.

Yet, we both know that declining volatility doesn't imply it can't go higher.

We also know that the market conditions the past 1-2 years is more easily moved in comparison to the 90's.

Simply, its not all about the U.S. anymore.

Therefore, I think (my opinion)...we need to be more concerned about other key markets outside the U.S. in comparison to what we saw in the 90's to better mange the risk with the declining volatility.

By the way, I didn't know you were arguing with someone about something that's so obvious in the charts.

Quote from Allaces:

I think he was talking more about the psychology of a trader. It's like anything in life, be it a perfect sports play or great art etc... the key to excellence is observing and reacting without thinking. You do something until it is automatic, until the subconscious takes over.. the subconscious is the conduit to true genius
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I agree especially having competed in sports on an international level.

However, to get to that point of automatic reaction...

We need to go through the phase of routines, practice, poor decisions in key situations...things on a very conscous level.

In fact, you can be very successful in sports or trading by being very conscious or instructed.

Then to get to that next level...that's where the subconscious kicks in.

Mark
 
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