Trading the ES live-the Brooks way

I keep wondering when I'm going to give up on this thread, but I guess I find I'm arguing with all the crazy people I've met at that one Trader's Expo that came back to life here...

Padu, you remind me of all the guys who'd buy body building magazines (in the pre-internet days), have a gym membership, and spend 10% of the time at the gym working out and 90% talking to other guys about their technique, then go home, drink a protein shake, and think that you're going to get big.
 
That's not true.

Traders have to grow, learn, evolve. Everyone starts as a losing trader. That's just how the market works. You earn the right to make a profit, and that is done through focused work over a significant period of time.

The difference is between those who don't do what it takes to earn the right to succeed, deluding themselves for years at times, and those who are in the process of earning their stripes and are simply going through the natural process where failure is to be expected.

If you're in a position where you don't have to earn a living, you have a lot of time. And that means you can waste it however you choose. People who HAVE TO make a living can't afford to do that. They have to find solutions proactively, or admit defeat and move on.

I can tell just by the way you're writing about the markets and how you are writing in general - you are ALL OVER THE PLACE. You lack FOCUS. Without focus nothing can be accomplished.

You don't backtest. You just grasp at stuff. You throw out trading quotes just to keep the flow of the conversation. You even engage in self depreciating humor in order to elicit the 'oh no you're alright man, you just need to persist and you'll get there, we'll help you' response.

You are trading for an experience. Not to make money.

I'll admit this is a very difficult business because there are a lot of temptations, including from the world of vendors, and it takes a long time to cut through that if you weren't lucky to be one of the very few to either find a profitable trading mentor (who was good at teaching), or get a seat at a CTA. Such is life. Such is this endeavor.

But given the significant amount of time you spent on this and just the nature of the way you interact with people here, it's clear that it is the experience of 'trading' (which is not really trading, more like playing an online video game) that you crave, you are not engaged in focused deliberate practice. The result is predictable.
you like listening to yourself

you are here for that experience and not as a business
 
You're clearly a lost cause Padu. But 1) market is slow again, and I'm doing this instead of watching YouTube and 2) there are other people reading this for sure.
 
Padutrader needs to leave Topstep and go to Twelve Steps instead :)

Unfortunately people in his position who have wasted so much time are major victims of sunk cost fallacy. Obviously he is in an environment where he doesn't have to answer for his time, hence he can waste it for as many years as God gives him. Not a good situation to be in.
 
short : at 5634.35 average rate of 5 lots stop at 5637. target: possibly at 5628 View attachment 347176

I thought you weren't taking 5 contract positions anymore with a $1000 daily loss limit?




How can you keep making the same mistake over and over again?
You shouldn't be trading more than 1 ES contract with that daily loss limit and the current volatility in the market.
 
How can you keep making the same mistake over and over again?
You shouldn't be trading more than 1 ES contract with that daily loss limit and the current volatility in the market.

He's trading demo. And he will do one of two things: trade demo, or trade TopStep. I just sure hope whatever money he does have left he will invest into SPY, then at least he can say he's made money in the S&Ps.
 
He's trading demo. And he will do one of two things: trade demo, or trade TopStep. I just sure hope whatever money he does have left he will invest into SPY, then at least he can say he's made money in the S&Ps.

The post I quoted from Padu doing that 5 contract ES trade earlier today was in a Topstep account, he tried to hide the account name but I could still make out it is his Topstep account.
 
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