why can't I follow my system?
- Thread starter ymtrader
- Start date
But I think his average loss was an issue for him....
ymtrader,
I know...believe me, I know...
Please no PM's as I am not trolling to trade your system. I am trading my own shift of a 24 hour system in our 24 hour Retail Spot Forex Trading room, comprised of Wifey and myself.
I want to encourage you to continue with this thread as I think there might be someone that can help you. There are many excellent posts thus far...you just got to get that one post from someone that will drive home what you need to concentrate on. I frankly do not have the time to dig into this...I just want to encourage you.
Good Trading to you my Friend you are not alone
Michael B.
I know...believe me, I know...
Please no PM's as I am not trolling to trade your system. I am trading my own shift of a 24 hour system in our 24 hour Retail Spot Forex Trading room, comprised of Wifey and myself.
I want to encourage you to continue with this thread as I think there might be someone that can help you. There are many excellent posts thus far...you just got to get that one post from someone that will drive home what you need to concentrate on. I frankly do not have the time to dig into this...I just want to encourage you.
Good Trading to you my Friend you are not alone
Michael B.
Electric,
Thank you for your encouragement. I know this is something that a lot of us struggle with.
People think that the hard part of trading is coming up w/ a positive expectancy system, and that is true up to a point, but I have found it much harder to be a disciplined trader and to trade everyday as my system dictates.
I know I have the ability and desire to do this, I have dedicated a large part of my life to making this work for me, and now I am working on the last, most difficult, aspect of trading, me!!!!
Thank you for your encouragement. I know this is something that a lot of us struggle with.
People think that the hard part of trading is coming up w/ a positive expectancy system, and that is true up to a point, but I have found it much harder to be a disciplined trader and to trade everyday as my system dictates.
I know I have the ability and desire to do this, I have dedicated a large part of my life to making this work for me, and now I am working on the last, most difficult, aspect of trading, me!!!!
ymtrader,
You have proven your passion for trading. When you let your ego go like you did here in this thread and even considered letting somebody else trade your method, you crossed over into why you are trading. We are trading to make money...and now it does not matter if it is you or some other collegue making it for you.
You are going to be a millionaire...I have seen this before...Thanks for your refreshing outlook...keep on keepin' on..You are on the right track...keep identifying the key points and keep it simple
Retail trading is tough..and I will see you out there
Michael B.
You have proven your passion for trading. When you let your ego go like you did here in this thread and even considered letting somebody else trade your method, you crossed over into why you are trading. We are trading to make money...and now it does not matter if it is you or some other collegue making it for you.
You are going to be a millionaire...I have seen this before...Thanks for your refreshing outlook...keep on keepin' on..You are on the right track...keep identifying the key points and keep it simple
Retail trading is tough..and I will see you out there
Michael B.
May I suggest the "Self-Flogging" strategy.
This is where you put a jar by your trading desk.
Every time you don't take a trade, you must put in 50% of the amount you would have made had you taken the trade.
At the end of each week, you MUST write a check to a group that has a philosophy that is 180 degrees opposite of yours. Writing this check MUST make you feel sick to your stomach (ie: a KKK type of organization).
It shouldn't take more than a few checks to get you to change your behavior.
DO NOT reward yourself for not taking a trade that would have been a loser, this is still giving yourself a reward for a behavior that you don't want to encourage.
This is where you put a jar by your trading desk.
Every time you don't take a trade, you must put in 50% of the amount you would have made had you taken the trade.
At the end of each week, you MUST write a check to a group that has a philosophy that is 180 degrees opposite of yours. Writing this check MUST make you feel sick to your stomach (ie: a KKK type of organization).
It shouldn't take more than a few checks to get you to change your behavior.
DO NOT reward yourself for not taking a trade that would have been a loser, this is still giving yourself a reward for a behavior that you don't want to encourage.