What are your Trading Breakthroughs?

[traderob]

This is a great thread.
Some majors for me:
1.having a plan.
2. Being patient to let understanding of the markets grow. i.e. not expecting to be ahead until I have done the groundwork. I expect a year or two from now before this becomes satisfactory.
3. Relating to what someone else said. I didn't realise how distorted my vision was by fear and greed once a trade was filled. I am now trying to look at the tape in the same way: whether I have a position or not.
4. talking to a few traders who are full-time. Gives confidence that it is worth the extraordinary effort it takes to become a trader.

 

[sjp]

Extraordinary effort it takes to become a trader???! Good god, I sometimes really wonder about people who write on this site.

Why does everyone have to make a 'black art' of trading? Why the suggestion that somehow, 'in a year or two', if you make every single right move things will be 'satisfactory'? Am I the only one who comes into work, makes a fair bit of money and goes home 5 days of the week? So many entries overcomplicate things with mumbo jumbo technical analysis of nothing movements that mean even less! Not all, but many of the people I work with earn 7 figures, and not one of them analyses shit the way a lot of you seem to.

Are you all demented?! Why try to make work for yourself by seeing something where there is fuck all? I have to say, this is mostly the people who claim to be part-time. If you really think being a full time trader is the dogs bollocks, then listen to one:

Dont believe a word you read on this site, its full of ballbags talking rubbish as much to convince themselves of things as to advise others. Dont make a 'black art' of trading, just do it.

All you lot that talk shit and overanalyse, I will be here long after you are delivering pizzas. You think you are being clever but you are fooling yourselves. Stop. Please. For the sake of this site.

Yours
Annoyed Trader

 

[joethemoustache]

Could you elaborate on the equipment you use when you trade? Does the mental liberation outweigh the physical handicap?

Quote from sjp:

my main breakthrough was a hot air balooning accident that I was involved in. It freed me mentally, and although I lost both arms,give me a steely determination not to be second best.

I now trade happily at home with my tongue.


Yours
Dextrous Trader

 

[dbphoenix]

Aren't you glad Johnny's back?

 

[traderob]

Quote from sjp:

Am I the only one who comes into work, makes a fair bit of money and goes home 5 days of the week? So many entries overcomplicate things with mumbo jumbo technical analysis of nothing movements that mean even less! Not all, but many of the people I work with earn 7 figures, and not one of them analyses shit the way a lot of you seem to.

Are you all demented?! Why try to make work for yourself by seeing something where there is fuck all? I have to say, this is mostly the people who claim to be part-time. If you really think being a full time trader is the dogs bollocks, then listen to one:

Dont believe a word you read on this site, its full of ballbags talking rubbish as much to convince themselves of things as to advise others. Dont make a 'black art' of trading, just do it.

Sip,
Great to read your expanded thoughts. Are you at a prop firm? Do you trade equities or futures? Could you share some more on how you trade.

 

[joethemoustache]

Where´s the mocking? I know full well there are devices that let you control a computer with your mouth, if i remember correctly clicking is done by applying breath pressure. Was interested how it works when trading. As for the mental/physical relationship I have a friend disabled from a car accident who most seriously states that he "lost his legs but got his life back", having neglected his family and personal relationships before the accident now has his priorities straight about whats important in life.

Quote from sjp:

How dareth you Joe.

Mock the disabled eh? Thats nice pal. Your exactly the sort of guy that makes me want to succeed. Ill humour you by telling you that I trade ( and type) with my tongue. After 5 years my tongue is as dextrous as your finger. My execution is so sharp you could shave with it.

Any other mocking comments to sling towards the disabled? Or are you done insulting me?

Yours
Shocked and Appaled Trader

 

[dougcs]

1. Understand the rule: The market is always right.

2. Exits are far more important than entries.

3. Always have stops.

4. The real money is made through position management: how much do you place on the trade, and adding to or subtracting from the postion during the trade.

5. Greed is good.

DS

 

[joethemoustache]

Diversify. With the odds in your favour it lessens the impact of fat tail events.

 

[qazwsxedc]

Being relaaaxxed, not saying "hey, I must catch this, NOW", but instead: "ho hum, that's interesting".

Not watching trades tick by tick.

Looking at the largest time frame consistent with my appetite for risk - and not trading if in that time frame there's too much noise.

Learning to trade spreads and options in addition to outrights.

Making fewer round turns, but bigger profits on each.

Oh, and ignoring "sjp"

 

[Don Bright]

Respond to "what is" ...don't train for singular events.... reading the tape and responding to the "what is" with the "correct action" will make you money. Never use mechanical stops (for fear of getting caught in a "trade through" ... use mental stops or alerts.

1. See what SERIOUS traders really do, EMULATE!
2. Get involved in a trading environment, VISUALIZE!
3. Learn what tactics really work, now… EDUCATE!
Finally….
Join a group of SERIOUS traders and ……..
P A R T I C I P A T E

Don