Trading on "Instynct" (NQ)

Quote from Redneck:

Instynct

Before one can soar – as a trader – one needs to learn how to fall... and fail

Let go…. and do what you must

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At first…, as you are now – you’ll fight it…

After all it goes against everything inside you… everything you want to achieve….

It is absolutely counter to everything a human is brought up to believe… and that Sir - is exactly what you are fighting…

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In society – success begets success… failing is just not an option….

Losers, in the worst possible descriptor of society – are flat F'n failures (and something to be avoided at all costs)

OTOH

In trading – failing (losing small.. and losing as often as necessary) is exactly what begets success…

And the better one can fail (take small losers without being phased… yet continue trading what they see)… the more successful they become

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Some say trading is not psychological… well I'm here to tell ya - some also don’t know shit from apple butter


Food for thought Sir

RN
More...

Great stuff..

i would add entry is easy...when to exit that's hard.

almost every trade i make is immediately green..but i hold because i want 5 or 6 ticks rather than one or two. and almost always in heavy traffic ie periods of volatility.

i know when to get IN, but can anyone tell me when to get out!!??
 
I can tell you when to get out. Get out at the most profitable tick!

Now ask how to know that tick. The answer is that it is not knowable.

Now ask should I use a fixed target, a measured move, a trend line break, a ma crossover, a s/r exit, etc. The answer is "yes", but the most profitable strategy changes.

Got it! :cool:
 
Quote from bmwhendrix:

I can tell you when to get out. Get out at the most profitable tick!

Now ask how to know that tick. The answer is that it is not knowable.

Now ask should I use a fixed target, a measured move, a trend line break, a ma crossover, a s/r exit, etc. The answer is "yes", but the most profitable strategy changes.

Got it! :cool:
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I've tried everything I can think of, even exiting after 2 or 3 green ticks. For 2 or 3 or even 4 trades that works great, I feel like I'm in the zone then ...next trade I take a 10 tick loss..and my previous hard work is all gone.

Where should I get out? What can tell me where to get out at the best spot?

My entries are flawless, it's my exits that are killing me. Please help!
 
Quote from Instynct:

I am so close to becoming the trader I want to be and ultimately trading larger size to finally make some decent money that I can taste it. Whats holding me back? Something psychological that is preventing me from doing what I need to do, which is trading what I see instead of what I want. It's really pissing me off, after all these years I still haven't gotten over this part of trading yet.

Have a great weekend everyone, 3 days... what am I gonna do till then lol j/k.
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Hi Instynct, what do you think you need to do or change to make the final step?
 
Quote from highballs:

I've tried everything I can think of, even exiting after 2 or 3 green ticks. For 2 or 3 or even 4 trades that works great, I feel like I'm in the zone then ...next trade I take a 10 tick loss..and my previous hard work is all gone.

Where should I get out? What can tell me where to get out at the best spot?

My entries are flawless, it's my exits that are killing me. Please help!
More...

you should keep the realized Pnls of your next 500 trades, and see what your "expectation" is per trade. if it's negative, you need to change something.
 
Quote from bigarrow:

RN you ought to write a psychology in trading book, good stuff.
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Thank You for the kind words BA


What shall we call it – possibly…

How to repeatedly kick your self in the testicles – and like it
(A dumbass trader’s journey into trading)

:eek: :p


Here's to all of us... and keeping our losers small - while allowing our winners to grow big

RN
 
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