Thinking is 95%

SimpleMeLike said:
Hello mikeriley,

Women want to see bills paid and having nice car and nice house and the things they want.

Yes, the care about us trading, because they know we enjoy it. But make no mistake about it, at the end of the day, that damn trading better not get in the way of this what I stated:

Women want to see bills paid and having nice car and nice house and the things they want.

If any man, cannot provide those things trading or not, no woman for them.

All I want my woman, to tell me is "SML, are you a millionaire yet or not from all this trading and starring at chart you doing"
You think that you know what women want???
You should write a book!

That is the type of motivation I need.
More...
 
mikeriley said:
Hi there MathTeacher,



My mantra is "KEEP PUSHING FORWARD"
In the hope the market keeps moving in my direction!
More...

"Siempre Adelante"

I have been thinking a lot about my mantra since I read your post yesterday.
I think mine is...
"I need a miracle everyday"
 
mikeriley said:
This is of course just my humble opinion (I'm trying to be humble):)
The more I trade the more I realize I'm not just trading the markets,
but trading against myself or with myself. The end of last year I started
making some bone head mistakes and went into a slump.

Part of my strategy is to hold a position for a certain amount of ticks.
For some odd reason, I got into fear-based trading, and started closing
my positions or trading out of positions before they reached my target.

The drawdowns were no worse than before, but I kept closing the damn trades.

My P/L turned to sh@t from this activity. The worse part I was trying
to find blame with activities outside of trading. I even told my wife
maybe it's our cat influencing me to make mistakes and we should
get rid of it. My wife responded by getting another cat! LOL:wtf:
Cat pics posted below.

I stopped trading for a few weeks and only played in simulation.
After much introspection I realized I had changed my thinking
style when in a trade. I have a mantra I repeat in my mind
when trading. Without realizing it, I stopped using my mantra.

The mantra is harmless, but it keeps me in a trade.
As soon as I started using my mental mantra again,
my trading started improving.

I believe, at least for me, trading is 95% thinking
and psychology. The rest is strategy/tactics
and risk management.

Tuxedo cat name is Ben - Ginger cat name is Lucky
View attachment 305047
More...

Ok you just need to concentrate on your trading, forget about the cats (cute cats btw), forget about your wife, forget about the guy next door, forget all that. You need to FOCUS on your trading, the PA, the setup and your trading plan. That's what you need to do. When you are trading, you should see nothing but the PA on the screen in front of you, everything else around you should just melt away and do not exist. If it helps you, try to trade in an empty room, just you and your computer and the screen with the keyboard and the mouse and maybe some pieces of paper and pen for you to make notes on an empty desk and nothing else. I think that should help you bit more.

The mantra is good. Keep doing that. TP is the most difficult part of trading I find. Tp'ing early is very very common because you are caught up with fear that the profit is going to go away and you need to seize it before it goes away. It helps to think that to ensure you always book profits instead of losing profit and worse letting a profit turn into a loss but it unfortunately also makes you tp too early. So you just adjust according to the PA that you observe. As long as you are booking profit, hopefully not too early, you are fine.
 
"I named the other cat Lucky so your luck would return"
More...

I see it really is true that math teachers tend to be astute.
You are right on the money.:thumbsup:

I appreciate all the responses.
 
TheDawn said:
Ok you just need to concentrate on your trading, forget about the cats (cute cats btw), forget about your wife, forget about the guy next door, forget all that. You need to FOCUS on your trading, the PA, the setup and your trading plan. That's what you need to do. When you are trading, you should see nothing but the PA on the screen in front of you, everything else around you should just melt away and do not exist. If it helps you, try to trade in an empty room, just you and your computer and the screen with the keyboard and the mouse and maybe some pieces of paper and pen for you to make notes on an empty desk and nothing else. I think that should help you bit more.

The mantra is good. Keep doing that. TP is the most difficult part of trading I find. Tp'ing early is very very common because you are caught up with fear that the profit is going to go away and you need to seize it before it goes away. It helps to think that to ensure you always book profits instead of losing profit and worse letting a profit turn into a loss but it unfortunately also makes you tp too early. So you just adjust according to the PA that you observe. As long as you are booking profit, hopefully not too early, you are fine.
More...
TP as in (taking profits) is definitely the hardest part of trading/investing.
 
SimpleMeLike said:
Hello schizo,



I could be different and do not care, but if I can not make +$500K a year, then trading the futures market just makes no sense to me. I am wasting my precious time.
More...
Well I hope you've the experience to back up that statement. Trading futures definitely is not as simple as it seems. In fact, it's really hard to be consistently profitable this is why there are so many future prop firms out there offering you a chance of a funded account to pass their simulated evaluations.
 
Last edited:
You must log in or register to reply here.
Back
Top