Aliassmith Psychology 101 and other stuff

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newschool
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Postby newschool » Sun Apr 11, 2010 7:34 pm

es/pip wrote:
he chooses to not show his scalping stuff, its his choice

he has made more posts helping others than i have seen you make

i pretty much do not show my scalp stuff for the same reason

i have no issues showing longer term stuff because my fills do not matter at all


I do not believe in scalping, so it doesnt really matter to me, my point was that feedback (opinions from others) is something priceless (worth more than 3-4 pips).

Whats up with the over-the-top irony though... youhv been drinking again 8)

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Postby aliassmith » Sun Apr 11, 2010 8:52 pm

prochargedmopar wrote:
aliassmith wrote:
prochargedmopar wrote:Alias, I finished the 4yrs of archived video's in PTC(100's and 100's) and now listening to personal power.

Would it be true to state that your previous scalping "system" was just that, and it kept your emotions out of the game? But now your becoming a discretionary trader and your having to face the emotions of fear/greed.......pleasure/pain??

For me, I from the start was a (mental stop loss) kind of guy and have NOT been able to follow any system because I've seen their shortcomings from day one of my studies.

As an emotional person, it's been hell not having the guidelines of a "system" to fall back on.

Slow process for sure.


Well my initial scalping system was a little scary at first. It was high
leverage and fast trades, ie. less than a minute. There was hardly anytime
to think so my mental issues went away real quick, especially after I had
some great results.

What I do now is really discretionary. The trades are longer, 5 minutes
to 25 minutes roughly. That leaves a lot of time for the mind to wander
and scramble my plan.

After I listened to Tony, I realized it must be some sort of fear or self
sabotage. Now I am trying to condition myself to believe there is more
pain not following the game plan.

The market is not out to get me
The market moves in a fairly logical way
The market is not exact, it is an approximation
My skills will determine my success not luck
I am the master of my destiny
I take responsibility for my actions
There is no excuse for failure
A losing trade is a learning experience
Losses will happen on the way to the finish line
It is not about being right, it is about making money

As I told someone recently. I trade a simulator and can make 40 to 100
pips in the first half of the US session. I trade live and it is a struggle to
make 20 pips.

Controling the mind and being confident are key.

I believe I am closer to getting over the "hump".

If you take Tony's lessons to heart PRO you can do well.


Yes, your correct.
Thankyou Aliassmith for getting me to google search PP2.

Pleasure/joy are nice but
Fear/Pain are much stronger.

After listening to the first and 2nd audio I look back on my entire 40 yrs of life and see that I have been driven by fear throughout.

Why do I maintain a fairly strict paleo/zone diet?
Thoughts of disease cause pain which in turn creates the overpowering FEAR.

Why do I workout like a madman?
Thoughts of weakness create psychological pain which in turn creates overpower FEAR.

Why did I put up with years of crap from a couple of my ex-wives?
Thoughts of being alone created pain which in turn created overpower fear.

Why do I continued to work at a job for 14yrs that I do not even like?
Pain/fear

Why do I exit a profitable trade for Penney's on the dollar?
Pain/Fear

The journey has just begun.


Time to be controlled by empowerment and drive. Be pulled forward by
dreams and desires and not pushed around by fear/pain.
Trade Your Way as Long as It Makes Money!

aliassmith
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Postby aliassmith » Mon Apr 12, 2010 4:20 pm

Need to get the stubboness out of me. :(
Being stubborn about cutting losses and taking profits, even a little,
is not so hot for the trading.

A little up today. No excited about it.
Trade Your Way as Long as It Makes Money!

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Postby TygerKrane » Mon Apr 12, 2010 6:23 pm

aliassmith wrote:Need to get the stubboness out of me. :(
Being stubborn about cutting losses and taking profits, even a little,
is not so hot for the trading.

A little up today. No excited about it.


Alias,
Your statement caught my attention:

So, how many trading methods are you flirting around with these days? :smt102
Or are you feeling these frustrations as you put all your focus into one methodology? :smt073

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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Postby aliassmith » Tue Apr 13, 2010 3:16 am

TygerKrane wrote:
aliassmith wrote:Need to get the stubboness out of me. :(
Being stubborn about cutting losses and taking profits, even a little,
is not so hot for the trading.

A little up today. No excited about it.


Alias,
Your statement caught my attention:

So, how many trading methods are you flirting around with these days? :smt102
Or are you feeling these frustrations as you put all your focus into one methodology? :smt073


Just one methodology and it is the final one. I had an idea of what I was
looking for and finally found it. :D
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Postby aliassmith » Wed Apr 14, 2010 1:37 pm

Had a little mental moment today I didn't get out when the candle closed
against me and I hit my mechanical SL which I don't like to happen. :oops:

I did recover with a few small losses and small wins until I caught the
moves I was looking for and bam up 50 pips.

Working on controlling my downside right now.
Trade Your Way as Long as It Makes Money!

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Postby prochargedmopar » Fri Apr 16, 2010 3:37 pm

Alias,
The 8th chapter sucked.
Having to go through the next 5,10,20 yrs of results when having 2 beliefs that are detrimental (can't hold trades or except small losses) was not fun.
Glad he ended it on a positive note!!!!
#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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Postby aliassmith » Fri Apr 16, 2010 4:10 pm

prochargedmopar wrote:Alias,
The 8th chapter sucked.
Having to go through the next 5,10,20 yrs of results when having 2 beliefs that are detrimental (can't hold trades or except small losses) was not fun.
Glad he ended it on a positive note!!!!


So it sucked because it was revealing?
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Postby aliassmith » Fri Apr 16, 2010 4:14 pm

Doing some price action reaseach and testing, thought I would post some
pics I made to show price action I see.
Attachments
enter1.JPG
enter1.JPG (8.67 KiB) Viewed 2383 times
enter2.JPG
enter2.JPG (5.84 KiB) Viewed 2383 times
Exit1.JPG
Exit1.JPG (10.28 KiB) Viewed 2383 times
Trade Your Way as Long as It Makes Money!

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Postby gfg1 » Fri Apr 16, 2010 4:25 pm

Alias, thanks for the pics. So it appears as if it is the rat reversal trade TRO uses, except the wicks on the long candles are being ignored. Does that pretty much sum it up? TIA

aliassmith wrote:Doing some price action reaseach and testing, thought I would post some
pics I made to show price action I see.
Price closed over a line that you believed to be support and that is the first indication that something is WRONG-MO

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