I would start with this one. It explains for most part how your mind set must be. Further, you can look at Ed Seykota and do a search on Tribe trading. Jesse Livermore also talks about the mindset you need to pull off trend trading. If you need a clear system with entry rules, exit and so on, just shoot me a dm. I can show you an example I use.
Time spent learning the craft of trading.
- Thread starter danielc1
- Start date
I would start with this one. It explains for most part how your mind set must be. Further, you can look at Ed Seykota and do a search on Tribe trading. Jesse Livermore also talks about the mindset you need to pull off trend trading. If you need a clear system with entry rules, exit and so on, just shoot me a dm. I can show you an example I use.
good eyes!!!!!!!! You spotted the greatest scam of all time: Puretick.[/QUOTE]
I spent 6 months in Puretick back in 2012 when I first got started with daytrading
"The power of Puretick"
Yes, you win.
I'm gonna take you as an example. People make their own believes from experiences, upbringing, surroundings and education. When you state your list of those 8 statetements, the only thing you did was telling everyone what you believe. People think what they believe is true. When you get in an arguement about people believes, then both parties search for re- enforcement of their believes for it to be true and starts an arguement that never ends. That is totally not productive. If it comes to trading, like the chart I have posted, 90% of the work that needs to be done is mindset and how you think. If you think that trading is a talent, that can not be learned then you need to ask yourself some question. Where does that believe come from? Why do I believe that? Is that believe usefull? Does that believe limit me? There is no black and white, only experiences that colors your believe about anything. So, as long you are going to defend what you believe about those 8 statements you made, you are stuck with your own thoughts and experiences. If that makes you a succes, good for you. If that makes you a failure, you can change.
Yes, I know a lady lost about $60K trading with Alex at Puretick scalping website. I felt really bad for her.good eyes!!!!!!!! You spotted the greatest scam of all time: Puretick
I spent 6 months in Puretick back in 2012 when I first got started with daytrading
"The power of Puretick"
books are obsolete as soon as the ink dries; a book that is 12 yrs old is worthless. Still have not even addressed my #1 and # 2 arguments.
What did you say? Verbose and 6 spelling mistakes; heck, you even spelled success wrong.
Hello daneilc1,
What do you mean that "90% of the work that needs to be done is mindset and how you think."
I wish all I needed was a good "mindset" to make money daily trading. Lol,we all be rich if all that was needed was a good mindset. Man, I need skills to pay the bills. My mind need to know how to EXACTLY make money. If I knew how to make money, I will tell my mind to shut up and do what makes money.
IMO, I do not think mindset has nothing to do with making money trading. Skills pay the bills.
If a doctor kills 50 patients during surgery, I am sure he does not say "I need to work on my mindset"
And this is what Dazz is stating. He stating, if traders had good trading coaching, they can be taught how to trade profitable.
If I am a profitable day trader, I can easily make someone else profitable by sitting them down with me daily and letting them watch me make money. Then that person knows how to make money. We will Never talk about mindset, just making money.
Just like Larry William daughter. She won the trader cup at 17years old, because her dad taught her how to make money trading. Simple and Period. All this mindset stuff is pony and clown show. You can either make money trading or you can not.
https://www.businessinsider.com/michelle-williams-trader-father-2011-1
In addition, look at my buddy over here. His mentor show him how to make the money and he is now doing it. No need for mindset stuff.
https://www.elitetrader.com/et/threads/from-micros-to-millions-2-per-day.351470/page-27#post-5233944
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Funny, you mention the family of William. You know that Larry wrote a foreword in the book of his son Jason saying it is all about mindset, right?
Exactly - well said. Also, you can trade with a good day bot: iCannon has 1882 bots; Striker 2344 bots, Futures Truth 717 and Collect 2 a blistering 31 five star bots. Bots don't teach, they never leave your side and best part, there is no mindset involved- can I get an Amen!
I hear you man.
Well, I can only speak for myself man. I do not need NOOOO help on mindset. I need help on how to make money trading. Once I know that, i wil tell my mind to relax. My mind will be relaxed seeing money in my account and bills paid. My mind will be ok making money.
But this is just my opinion.