Trading Psychosis

[Mtrader]

Your partner having a phsychology degree does not make you an expert on trading phsychology , it only makes you husband and wife.

S and P does not trend twice daily , here is S and P chart View attachment 167864


Are you sure , you are not suffering from trading phsychosis or Dunning Kruger Effect ?

Please define your definition of trend , so we can kill this delusion .

To me your chart shows what you find everywhere on internet for free. Junk.
I cannot trade on that junk.
I see now in what stage you are in becoming a trader. You are still a newbie, so discussing will be useless. Come back in a few years.

I have an inhouse psychologist to speak and discuss with, which makes it much easier to me to improve myself. On top of that, and very important, I can tell her secrets that I would never tell my shrink. She knows everything about me and about my trading, which is essential to improve yourself in the best conditions possible.

I still wait to see your comments point by point on my posting where I commented on your 8 statements. Probably to difficult for you or to embarrasing as it might show you are wrong?

 

[Trading Education Buyer]

Now it is clear you have no clue about trading. I wrote 65 POINTS, not 65 ticks. Never heard that these are two different things?

About your billionaire logic: first try to find out what is completely wrong in your logic. Or the logic you copied from somewhere else.

I will help you a little bit:

1. you cannot grow into eternity at that rate. Even Renaissance and Soros have that problem. They cannot reinvest their money anymore as the amounts become too big. This is not my problem.
2. Not everybody is interested in becoming a billionaire, because to become that you have to give up part of your good life.
3. Not all systems can grow that way. I can perfectly have a system that generates what I posted without becoming a billionaire. I am limited as I cannot and don't want to trade bigger. I prefer quality of life above being the richest body on the graveyard.
4. Following your "billionaires logic": if your logic is correct half of the world should be billionaire. If you invest 10K at 30% a year, you will have a few billion dollars before you die. Statistically it would mean that you would be the 361st richest man in the world. You would be in the top 0.0001% richest people in the world. Just 30% a year. It shows clearly how stupid your logic is. At 30% performance at least 10% of the population should be billionaire.
5. Can you post here the exact and complete calculations to show how you arrived at those billionaire logic? I will show you all the errors you made. And don't tell me you found this logic on internet. What do you trade? Starting capital? Leverage? Number of years you used for calculations?

OK you make 65 points on sand p(total net weekly profit divided by 13 trades, so included losing trades) over 5 points net )= 20 ticks +

How many ticks go into a point? However many ticks add up to one. In the S&P 500 E-mini, you have four ticks to a point.For example, the S&P 500 E-Mini (ES) futures market might experience a price change from 1314.00 to 1315.00, which would be a price change of one point.

20 TICKS PER WEEK = 80 A MONTH * $100 PER TICK = 8,000 A month
MAKING 8,000 A MONTH WITH 100,000, almost 96 % a year without compounding

 

[Trading Education Buyer]

Net average profit per day was beyond 10 points net. So there are clearly more trends than 1 a day on average.

10 points a day = 40 ticks a day = 200 ticks a week , MR BILLIONAIRE

 

[Mtrader]

You think you are the smartest trader in the world?
Read what Renaissance did and told:
Source Wikipedia: Renaissance's flagship Medallion fund, which is run mostly for fund employees,is famed for one of the best records in investing history. From 1994 through mid-2014 it averaged a 71.8% annual return.

Now I apply your billionares logic on it. According to you that is impossible because then they should have generated already over $ 2,200 billion in profits in 30 years, if started with a louzy $1 million capital. And they clearly did not make that profit. So they are fake according to your billionaires logic.

Source Wikipedia: By October 2015, Renaissance had roughly $65 billion worth of assets under management, most of which belong to employees of the firm.

So they should have had a payout of over $2,100 billion?????

They have problems to manage more than $65 billion (was confirmed by them). This proofs that the lineair, eternal compounding that you use is complete nonsense. But you are probably more professional then Renaissance. Maybe tell them what they do wrong.

All this information can be found here: https://en.wikipedia.org/wiki/Renaissance_Technologies

The fact that you presume that I make 65 point every week shows again that you are an idiot that knows nothing about trading. I gave the result of 1 week only. Some weeks I have more some weeks I have less. Depends of what the market offers.

Your eternal compounding is idiotique too. But you don't even understand that.
Call Simmons and explain him what he is doing wrong. Send him your calculations. LOL.

I will stop this useless discussion. There is no added value in it as you keep posting nonsense all the time.

 

[Mtrader]

For example, the S&P 500 E-Mini (ES) futures market might experience a price change from 1314.00 to 1315.00, which would be a price change of one point.

20 TICKS PER WEEK = 80 A MONTH * $100 PER TICK = 8,000 A month
MAKING 8,000 A MONTH WITH 100,000, almost 96 % a year without compounding

First learn the basics about the Emini S&P and also the basics about math.
1 point in Emini S&P equals $50, or $12.5 per tick.
You are really a genious, at least you think you are.
So your $ 8,000 a month is only $ 1,000 a month. 80 ticks multiplied by $12,50 equals $ 1,000. At least that is what I learned at school.
This leads to $12,000 a year, as 12 times $ 1,000 equals $ 12,000. Can you still follow? Or Is it already above your intellectual level?
$ 12,000 equals 12%, as $ 12,000 divided by $ 100,000 is 0.12.
If you take your sample of 120 months, or 10 years, you have to take 10 times the $ 12,000 profit to make the total. So the total profit is $ 120,000 in 10 years time, not compounded. Surely not billionaire yet. Surely not the 1.2 billion from your chart.
Even compounded you will need roughly 20 years to make your first million. MILLION not billion. To make 1 billion at this performance rate you have to live at least 142 years after you started making your first 12% on 100K. So you should be at least 162 before you can die.

You are really hilarious. But a waste of time for me. Good luck! You will need it. To become a profitable trader you need a lot of qualifications. Without knowledge of basic math you are a desperate case. That's the first problem you encountered already. And from what I see you will encouter a lot of new problems on the road.

 

[Trading Education Buyer]

Now it is all making sense
1 point in Emini S&P equals $50, or $12.5 per tick.

You are making 10 points daily or 200 ticks weekly @ $12.50 per tick

You claim you single mini contract will have liquidity and edge issues , if you divulge your 2 daily trends strategy to anyone .

Your wife is a shrink , that makes you a phsychologist ?The forum thanks her for caring for you and letting u come on E T =entertainment

 

[Mtrader]

Now it is all making sense
1 point in Emini S&P equals $50, or $12.5 per tick.

You are making 10 points daily or 200 ticks weekly @ $12.50 per tick

You claim you single mini contract will have liquidity and edge issues , if you divulge your 2 daily trends strategy to anyone .

Your wife is a shrink , that makes you a phsychologist ?The forum thanks her for caring for you and letting u come on E T =entertainment

Not a single real argument to counter my postings.
Is just confirming what I posted about you.
You cannot read, cannot calculate, can even not answer any questions... the typical ET guru.

On ignore. Will surely not miss anything relevant to trading.

 

[Trading Education Buyer]

Not a single real argument to counter my postings.
Is just confirming what I posted about you.
You cannot read, cannot calculate, can even not answer any questions... the typical ET guru.

On ignore. Will surely not miss anything relevant to trading.

Nothing lost either side ................but I did give you your 8 arguments back .

Trading Psychosis

 

[masterm1ne]

Thank you for the few helpful posts.

TEB is clearly in his own multi-dimensional psychosis to include trading. I suggest stopping Mtrader, you're not going to make any progress. The solution I needed was already posted: time away, and a clear exit rules.

For the past 7 years I lose sight of something simple in my trading (exit rules). Someone pointed out you always need to have a pre-planned exit, and I just didn't have that solidified in my head. I was just relying on my "read". Most of my recent study has been, where to enter, hence my entries are near perfect. I thought I made it clear, nearly every day I am in a position to make at least 500-1000 dollars in the midcap SP. It's just I don't have clear trade management rules. I came up with a simple R:R ratio that would work over the past 30 days+. I have gotten in the way of myself and because I'm so worried about how the trade turns out and making money, I cut every single winner, despite knowing I have a true edge trading as it involves reading price.

Using previous price levels to predict future ones will always work. I'll post todays chart, just to antagonize the naysayers

Once I put in a trade, I need to set my planned hard exits and remove myself from the equation.

 

[Trading Education Buyer]

Thank you for the few helpful posts.

TEB is clearly in his own multi-dimensional psychosis to include trading. I suggest stopping Mtrader, you're not going to make any progress. The solution I needed was already posted: time away, and a clear exit rules.

For the past 7 years I lose sight of something simple in my trading (exit rules). Someone pointed out you always need to have a pre-planned exit, and I just didn't have that solidified in my head. I was just relying on my "read". Most of my recent study has been, where to enter, hence my entries are near perfect. I thought I made it clear, nearly every day I am in a position to make at least 500-1000 dollars in the midcap SP. It's just I don't have clear trade management rules. I came up with a simple R:R ratio that would work over the past 30 days+. I have gotten in the way of myself and because I'm so worried about how the trade turns out and making money, I cut every single winner, despite knowing I have a true edge trading as it involves reading price.

Using previous price levels to predict future ones will always work. I'll post todays chart, just to antagonize the naysayers

Once I put in a trade, I need to set my planned hard exits and remove myself from the equation.

There you telling me the answer to your problem .I am a trading phsychologist and a real trader , I learnt the behaviour of traders and trading phsychology ,after employing traders to put on high probaility system trades.They failed due to various flaws of the human mind.

You can piss on me and shit on me , but I guarantee you , you will meet your demons again , then please start a new thread called trading phsychosis part 2 , then part 3 etc etc etc

But I think I have some deep rooted psychological issues that probably go back to me having to work hard for everything as a child, or my parents being very strict on spending or allowance, or things of that nature. It in part has to do with the fear of losing obviously. I'm extremely afraid of losing what I have, even though I know there is a paradox, you have to lose sometimes to win, and you need to give yourself room (drawdown a lil) or you'll cancel all the good trades you take (me).

You think you have found as rational solution on paper , but you have not found a solution to suit your COMFORT ZONE , AND YOU DO NOT KNOW YOUR COMFORT ZONE.

It is like saying (what you just said ) I went to Forex factory and found 3,000 profitable systems , and I have found the solution to my losses .Why are all these goons on forex factory loosing and coming on E T?

NOBODY LIKES LOSING , it hurts to lose , your post is tellling you have emotional issues

You solved your technical system problem , but you never solved your real problem ,phsychological problems (these are in your posts , i can read them)



Good luck