cheunt3 wrote: prochargedmopar wrote:
If you only look at your post you will know why you fail. Many people have told you. You always pull the ego, the victim, the woe is me, card.
I've seen it for the last 14 years or what ever. The guy is/was luca I believe. He had the same woe is me mentality.
I bet a guy a few years back, that if he surrendered to my teachings he can make money trading currencies. All he did was what I told him nothing more nothing less.
I think you have an internal fear of being successful or failure and you continue to deflect from doing the positive actions.
There is definitely some self sabotage going on.
Yup, I'm afraid to be wrong, even if there is NO money on the line.
Also, I don't need to make a penny and really do enjoy my current lifestyle.
Another dad gum 2 week "vacation" trip coming up Tue.
I could use a few more race car parts or some turbo truck upgrades but I already have so many new parts stacked up in the garage that are not being put to use it's rather ridiculous.
Something that made great sense I read recently was Buffet's 25:5 rule.
Your 50/reset rule I'm sure will work well too.
In the meantime let me go back to this:
Can I suggest that you listen to what Alias said which is to practise being wrong. If you're afraid to be wrong then the problem is right there in your face, don't run from being wrong, accept wrong as part of the game, just embrace it. What helped me from trying to be perfect was a journo, jot down, before, in the middle of, and after a trade. I think I wrote down about 130 entries before it really took it in my feelings. Include everything from racing heart, anger, frustration, blushes etc... helped me a lot.
I am a doer which means I try to solve problems on the fly probably because I was constantly moving in a fast paced restaurant from when I was eight helping my dad in the kitchen. It's very satisfying completing small tasks like boxing things up, cooking the food, prepping food, banter with the customers to keep them happy and when I first started trading I was fascinated with scalping like ES, Doji, Alias, Tro, because I thought it suited my 'doing' personality. After a decade of trying it and trying to copy them, I wasn't profitable at all.
Now, I am stacking (accumulation and distribution) like a madman with MO's eights idea. You make money by taking size from a long term extreme and hold on a large chart. But get this, you have 7 trades to get it right and then you're out. 7 losses with the same starting risk. How unlucky can you be be have 7 losses in a row, it's almost impossible, right?
This method has made me sit my arse down and plan and stop doing and going off tangent. I stacked last week on the m30 and h4 and this week sat on my hands for the last four days not doing anything apart from glancing at my position based on a daily. I am so relax it pretty ridiculous compared to before.
Point I am making is trying to imitate another trader is a waste of time. I see the dazzle, grabbing a few pips here and there, consistently, daily, flashy, looks easy but you need to do it day in and day out for it to pay out well like they are doing it. And they are. BUT, imo it is not for everyone. Maybe it isn't for you Pro?