What do you do With Someone who just Doesn't

nononsense · May 22, 2005

Quote from MAESTRO:

All you need is this!

http://www.forexlite.com/forexlite_...n K - Trade Your Way To Financial Freedom.pdf

I am dead serious! Read it and take it to the heart! You'll improve your trading 1000%

Its free too.

nononsense · May 22, 2005

Quote from 50 cent:

flashboy,

read mark douglas - The Disciplined Trader, and then Trading in the Zone.

also check the attachment.

good luck
50

Everest · May 22, 2005

Quote from Flashboy:

Follow their rules???

Everyday I come into this office of mine with the best intentions of following my rules only to throw them out the window as the day progresses.

My rules clearly state: Only take a long after a higher high and lower high.

Yet today I had 3 trades all from the long side in the ES..

I know more about trading now than I ever have before but seem to be losing money faster than ever..

Other than seek psychological help which I really can't afford at this time I don't know what to do... and those of you who know me know this isn't the first time I've posted this pathetic bullshit

fire them

LaSalle · May 22, 2005

I like that.

Discipline is something that happens one trade at a time. Discipline isn't something learned or acquired, it is something practiced.

Quote from Andy62279:

discipline isn't learned from a book or forum... it's acquired through consistent practice. Follow your rules one trade, one day, one month, one year, etc at a time. In time discipline becomes a habit. You either follow your rules or you don't. That simple. If you can't follow your rules then I must say Flashboy, I don't think you are serious about trading. If you are genuinely serious, then you will do whatever it takes to follow your rules. If that means sitting on your hands to wait for proper entry then so be it.

As Banjo suggested, I don't think learning more about trading will be of any use to you. Learn more about yourself. The more I learn about trading the more my knowledge contradicts with my current system. I still have the discipline to follow my rules cos my ass aint going back to the military.

j1900q · May 29, 2005

I agree with LaSalle, and a big loss or two will drive the point home. Show me a full time trader that has not blown an account at least once and I'll show you a trader that has just that event waiting to happen in the future. Have a good one.
Keith

sweetlettuce · May 29, 2005

For what its worth....I used to have this same issue. I channeled my energy into developing code to trade automated strategies. Now the computer trades and not me. I am much more relaxed, I deal with losses much better and my confidence has soared. I make money on a regular basis and before I automated it just wasn't happening.

I don't overtrade anymore either.

Now my job is to keep the shop open. ISP, Computer, UPS, etc. If I do this, I make money.

Good luck. I know it is not for everyone, but give it consideration.

SweetLettuce

Quote from Flashboy:

Follow their rules???

Everyday I come into this office of mine with the best intentions of following my rules only to throw them out the window as the day progresses.

My rules clearly state: Only take a long after a higher high and lower high.

Yet today I had 3 trades all from the long side in the ES..

I know more about trading now than I ever have before but seem to be losing money faster than ever..

Other than seek psychological help which I really can't afford at this time I don't know what to do... and those of you who know me know this isn't the first time I've posted this pathetic bullshit

Kermit · May 29, 2005

Quote from sweetlettuce:

....I used to have this same issue. I channeled my energy into developing code to trade automated strategies. Now the computer trades and not me. I am much more relaxed, I deal with losses much better and my confidence has soared. I make money on a regular basis and before I automated it just wasn't happening.

I don't overtrade anymore either.

Now my job is to keep the shop open. ISP, Computer, UPS, etc. If I do this, I make money.

I concur. Thatâs been my experience too.

mschey · May 29, 2005

Quote from j1900q:

I agree with LaSalle, and a big loss or two will drive the point home. Show me a full time trader that has not blown an account at least once and I'll show you a trader that has just that event waiting to happen in the future. Have a good one.
Keith

I don't agree with that at all. A trader who is diligent at managing risk will never blow out. I have taken several big hits over my career as a trader, but have never come close to blowing out because as I lose money I immediately begin to reduce my risk and exposure to the market. I also manage my position size so that in the event that the worse case scenario happens, I will still be in business the next day. Scenario planning will help traders get a solid grasp on risk management.

Good trading to all!

Mike