It was the best of times, it was the worst of times

equities live trades, setups, charts

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v8power
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Re: It was the best of times, it was the worst of times

Postby v8power » Mon Jun 13, 2016 8:48 pm

jrtrading wrote:Thanks for your response, v8power.


No prob. Post your charts for your trade and what you did and saw.

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Re: It was the best of times, it was the worst of times

Postby jrtrading » Fri Jun 24, 2016 4:52 am

:shock:

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Re: It was the best of times, it was the worst of times

Postby jrtrading » Wed Jun 29, 2016 7:43 pm

I bought some long term puts on this one.

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Re: It was the best of times, it was the worst of times

Postby jrtrading » Thu Jul 07, 2016 6:23 pm

Just some thoughts regarding fear for putting on a trade and space.

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Re: It was the best of times, it was the worst of times

Postby v8power » Thu Jul 07, 2016 11:37 pm

jrtrading wrote:Just some thoughts regarding fear for putting on a trade and space.

space.png


Nice post. I still have not put any effort into trading space. But I know it will be the next stepping stool to better my trading

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prochargedmopar
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Re: It was the best of times, it was the worst of times

Postby prochargedmopar » Fri Jul 08, 2016 3:27 pm

jrtrading wrote:Just some thoughts regarding fear for putting on a trade and space.

space.png


A is much easier to enter.
B is much harder to exit (at the line) with a loss.

A account size increases at a snails pace
B Account size decreases at a hares pace (losses not closed at line)

A Traders who want to be right
B Traders who want to make $$

I can continue.............
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Re: It was the best of times, it was the worst of times

Postby jrtrading » Sat Jul 09, 2016 12:16 pm

Thanks for your reply, prochargedmopar.

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Re: It was the best of times, it was the worst of times

Postby jrtrading » Sat Jul 09, 2016 12:20 pm

The last days I have been reading in the "lukx trading log" - thread,
many gems there. Here is one which I needed to hear now:

MightyOne wrote:When you focus on the money that is when you lose it.

If you take a trade and you fear taking a loss then you have already lost before you even started.

Repeat after me:

I do not care about money

I do not need it

I do not imagine what I can buy with it

I do not imagine how it can change my life

It is worth less than a used coloring book...to everyone.


The second problem is believing that you should lose.

A friend of mine would say,"If I believed that I would lose then I would not have placed the trade."

You can push buttons all you want but that does not mean that you believe in yourself and the reasons for placing the trade.

What do you think this trade is going to bring you? Based on what exactly?

How many times has your account been up by 50% and you say something like "I can't believe that I am making money" and low and behold you start losing it all back again.

Repeat after me:

I can win, I should win, I am making it happen right now.

Holy s**t I am winning! Of course I am...why wouldn't I.


Notice that the "repeat after me" is positive reinforcement.

If you do not believe then you cannot achieve.

I know it sounds hokey, but what comes out of your mouth and what you tell your self directly impacts your success.

Success is not about chart patterns, it is about your psychology and the application of what is true.

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Re: It was the best of times, it was the worst of times

Postby TheRumpledOne » Sat Jul 09, 2016 11:01 pm

"Success is not about chart patterns, it is about your psychology and the application of what is true."

What is true?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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Re: It was the best of times, it was the worst of times

Postby jrtrading » Sun Jul 10, 2016 1:04 am

TheRumpledOne wrote:"Success is not about chart patterns, it is about your psychology and the application of what is true."

What is true?


I am not sure if this was meant for me to answer, but I have tried to internalize the things you and MightyOne have stated,
and use it in my daily trading.

Thanks for your post, TheRumpledOne.

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