something is wrong with me.... i am just not desperate enough for money. i have enough i am not rich but i have enough.
i have to figure it out.by myself thks gfor the support
Trading the ES live-the Brooks way
- Thread starter padutrader
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i have to figure it out.by myself thks gfor the support
Brooks is very clear what somebody who is not profitable should do: he has mentioned it very clearly.
Well, outside of being a foil for people's jokes on a trading forum, I think you'd find it best to take a long break and ask yourself why you're doing this to yourself. I mean, I'd be happier working my garden or doing some otherobby that's good for my psyche and health, or perhaps engaging in games like chess or learning a language that actually expands my brain, as opposed to deluding myself into thinking I want to pull profits out of the market.
Because right now you are basically doing what kids do when they play video games all day. At 67 years old it is particularly important, I think, not to waste what you have left.
you cannot make millions by running a grocery store, you cannot use a screw driver for opening a bolt, and cannot take Ferrari to cross the Atlantic ocean.
do not dream and trade you can dream in ET but not in markets
do not dream and trade you can dream in ET but not in markets
Actually you can. If you open up multiple stores.
I have, when the bolt is seized and you make the right cut with a dremmel.
Sure you can. How do you think Ferraris make it around the world? Just have to hire a shipping company.
You are the master of your time, whatever of it you still have. Choose wisely, you don't get a second chance.
it is a good idea to look for failed set ups
You have to change your entire mindset and approach to the markets.
If you read what Padu was saying, that is not the problem he has.
The problem he has is he’s in this for the wrong reasons. That’s a much bigger problem.
Of course he's not in it for the wrong reason, not being desperate for money is a good thing when it comes to trading because that burden makes it 10 times harder.
Everyone is in the market to make money, there are countless of millionaires in the market, are they in it for the wrong reason? If so, at least they are not failing because of it.
That’s not the issue here.
First of all our friend has admitted that while he may have some form of income that keeps him afloat (e.g. a pension) he lacks risk capital. Hence he goes to the TopStep trader scam as do many a desperate fellow (been there myself).
But the bigger issue is the why. It seems he is trading for emotional escape. You simply won’t make money that way. Trading at 20 hours at a clip, means you have no life. And there is no reason to. 6 hours is all you need if you’re intraday.
All he does is bloviate, as someone here pointed out. Posts charts, then repeats trading maxims he’s read and heard over his 20 years, to show he’s not an idiot, and it’s rinse, wash, repeat. No backtesting, no trading plan, nothing.
It makes it clear he’s not going to succeed and that this is just an emotional escape.