Trying to transition from full time job to trading. Having trouble with discipline.

Hey Jinxu


Here's a novel idea - develop the necessary discipline

Fact is..., fast or slow - successful trading takes the same level of discipline - what's differentiates the two is the mental dexterity required



You desire to be a trader.., no matter the TF - develop and mature the necessary skills

The rest of us had to

Otherwise what you got..., is all you'll have


Successful Journey

RN
 
Tortoise full time on live and paper day trade until you have the necessary capital and even more, to realize your dream.
 
Redneck said:
Hey Jinxu


Here's a novel idea - develop the necessary discipline

Fact is..., fast or slow - successful trading takes the same level of discipline - what's differentiates the two is the mental dexterity required



You desire to be a trader.., no matter the TF - develop and mature the necessary skills

The rest of us had to

Otherwise what you got..., is all you'll have


Successful Journey

RN
More...
Uh. I made 20% this montth using the tortoise. You want me to add more money?
 
20% in a month is amazing (I really think it is).
20% of what capital and capital allocation, and with what risks?
 
For me mentally has always been ongoing last step cause I have had to "Give up" or "Surrender" to the markets. What this means to me, I have designed good methods for a well back tested Trading Plan, I have memorized many well back tested charting patterns, now the hard part, the intelligent me has to bow to the markets and think I am nothing but a cog, I can not do anything logical or any feelings I get as even those have been back tested to show I am 95% wrong with my opinions.

I believe every single trader that has good systems and still loses money have not given up, they all know why if they allow themselves to ACCEPT the truth of what systems are to be traded and others are not good enough and exciting in this type of WORK is not good.

I still go 2-4 times a year for hypnosis for other areas I want to be able to accept and maintain my discipline for trading, although as systems get automated, it does become much easier as I seem to get a little bit removed from the markets. If the slow system is doing well, start adding more lots or more instruements. What would it take to make one million a year?
 
Redneck said:
4K net a day

;)


RN
More...

Yep, I base on $200-300 per contract per day times 20 lots times 250 trading days, but comes out the same. I always add more than needed to cover losing days. But I was addressing to Jinxu, what it would take him so then he could quit full time job to day trade. Have to have an Ark before cruising in speedboat.
 
jinxu said:
I probably should have put this in the OP.

I will make more money trading full time. The markets are more active during the day. I would still use the tortoise but apply it to day market.
More...

?! Oh Okay. So why this thread ?
 
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