While I don't think that is an appropriate subject to be discussed here, I will just say that I was well trained before going to Vietnam, but many went in right after boot camp and so they were not mentally prepared for what they saw and had to do.
Why can't I pull the trigger?
- Thread starter pk3r1234
- Start date
While I don't think that is an appropriate subject to be discussed here, I will just say that I was well trained before going to Vietnam, but many went in right after boot camp and so they were not mentally prepared for what they saw and had to do.
I think all of this psych stuff was well depicted in the movie "American Sniper" which is one of my all-time favs. That guy never got "rattled".
You should have sex just before you want to pull the trigger - it's what Scaramanga did:
In the classic James Bond film, The Man with the Golden Gun, Miss Anders identified herself as Scaramanga's lover, but "only before he kills" - 'the man with the golden gun' believed that sex with her guaranteed murderous success. He made love to his mistress on his Chinese junk ship as a prelude before killing Gibson (Gordon Everett) - the solar energy scientist/inventor of the Solex Agitator desired by Scaramanga, outside the Bottoms Up strip club.
In the classic James Bond film, The Man with the Golden Gun, Miss Anders identified herself as Scaramanga's lover, but "only before he kills" - 'the man with the golden gun' believed that sex with her guaranteed murderous success. He made love to his mistress on his Chinese junk ship as a prelude before killing Gibson (Gordon Everett) - the solar energy scientist/inventor of the Solex Agitator desired by Scaramanga, outside the Bottoms Up strip club.
I disagree, I really do believe in my strategy. It's just that when it comes down to it usually I'll find a reason not to get into the trade. The most common one is me complaining about a spread or how far my risk point is and not wanting to get kicked out of the trade just to have it go up. In the past 2 days something like 15 of the trades I should have taken would have worked and maybe 2 of them would have lost me 2-10 cents. Even though I knew KBIO was going to be an excellent trade in the 30's I didn't want to pay a dollar spread, within minutes it was at 45 but I didn't want to take a 30 dollar loss in case a large order pulled the stock through for a second, which never happened. It has happened before on a 40 dollar stock, I bought the stock at around 45.01 with a risk on 44.99 and a large order pushed it back 50 cents for less than a second before going to 50. Sometimes I'll base risk off of magnets that aren't as effective as using the chart, but in that case I wasn't going to put my stop at 44. Because I don't trust the stock market I sometimes worry about a black swan event that has happened, although if you figure you're in at the top of the chain you're going to get kicked out a lot quicker. If I can remember, AQXP up 500% formed a double top and instantly crashed from 12 to 9.80, probably within 2 seconds. It's not even that I was in the stock, it's the idea of getting gouged on your sell price more than your risk tolerance.
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Amen, amen...this guy needs to rediscover his balls.
I would look at your past relationship with your father. (childhood). For all of us, success and approval is a key survival mechanism of young humans. They are helpless without love (can't physically survive on their own in nature) and approval gets linked to love.
You didn't have an issue losing your own money. Losing someone else's money is different.
IF you are consistently making money on paper trading
AND IF your trades can be made at a time convenient for your father,
Then you could set up a deal with your dad that you work as an adviser and get paid a fee.
So you recommend a buy of ABC at $20 and if it goes to $30 you receive 50% advisory fee.
So if 1000 shares you get $5,000 and your dad gets $5,000.
In this way you are not trading his money he is. Depending upon your relationship you can discuss the proposed trade with him. The review process can help in getting a second opinion. Also allowing your father input can make him feel necessary and involved. If he doesn't like the trade he could step aside but still put on a 1/2 position for you (where you keep all the profit, or loss, instead of 1/2).
Assuming what you said is true - that you are consistently profitable, you will quickly build up a substantial account of YOUR OWN money. Also your confidence will build.
Let's say you build $25,000 of your own money.
After this first phase you can trade some shares of your own money - earned from advising your father on subsequent trades for yourself in your account.
You both benefit from your skill and your dad can brag about how good and an adviser his son is. This builds your pride and confidence.
I hope it helps
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Black swan risk is real. See if your strategy will work on the long side of inverse ETFs
I looked at AqXp. Is this something you trade? on paper? It does not look tradeable to me. Ditto for KBIO. Both are very thin stocks.
If you are afraid of a sudden spike reversal (KIBO) then enter your sell of partial position at a certain level as soon as you get a fill - such that you have all your money back and the swing position is free.