Aliassmith Psychology 101 and other stuff

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Braathen
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Postby Braathen » Wed Jul 07, 2010 3:38 pm

Ill have to think about that alias.. so i dont just let out a load of crap.
But just to say something...
Fear always plays a big role.. in many diffrent ways..
and there are many diffrent ways to get past these fears i guess.
One i think is confidence.. but thats not enough imo.. experience.. not enough either imo.. now in your signeture u say "Master Yourself".
This is one of the most important aspects for me. Ive said this a few times before but it just keeps coming to me as a huge turn in my life
"Your mind is a tool, It will do what you TELL it too"... and also.. give yourself every advantage.. stay fit.. eat healthy food (u can drink bear and be healthy!) This is a good place to start on every problem u have.. ask yourself questions.. answer them.. learn.. "Behavior modification" :) :)
This is not so much about the actual trading but how u can prepare yourself for actually using the info u have been storing in your brain for months.
Wow what a long post.. sorry.. ill post it anyway.. ill think about the emothinal demons
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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aliassmith
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Postby aliassmith » Thu Jul 08, 2010 12:16 pm

Braathen wrote:Ill have to think about that alias.. so i dont just let out a load of crap.
But just to say something...
Fear always plays a big role.. in many diffrent ways..
and there are many diffrent ways to get past these fears i guess.
One i think is confidence.. but thats not enough imo.. experience.. not enough either imo.. now in your signeture u say "Master Yourself".
This is one of the most important aspects for me. Ive said this a few times before but it just keeps coming to me as a huge turn in my life
"Your mind is a tool, It will do what you TELL it too"... and also.. give yourself every advantage.. stay fit.. eat healthy food (u can drink bear and be healthy!) This is a good place to start on every problem u have.. ask yourself questions.. answer them.. learn.. "Behavior modification" :) :)
This is not so much about the actual trading but how u can prepare yourself for actually using the info u have been storing in your brain for months.
Wow what a long post.. sorry.. ill post it anyway.. ill think about the emothinal demons


Sorry for putting you on the spot. :)

One of my demons is/was holding onto losses to long. I rationalized the
behavior by thinking I would work my way out of it. The thing is I
researched this line of thinking and in just about every case I would have
been better to cut my losses. I am now confident that cutting losses fast
is the way to go.
Trade Your Way as Long as It Makes Money!

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gfg1
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Postby gfg1 » Thu Jul 08, 2010 12:27 pm

Alias, thought that I was lone one in that boat of being able to come back from holding losses.

Having looked at the charts when using your method, or dragon33 method, if entered right there is maybe 2 pips heat. If entered wrong the heat is never ending. A rational person, obviously not me in the past, would recognize this and the light would go off saying at 5 pips, something is wrong.

Having done a fair amount of reading, it appears that holding losses stems from the not wanting to be wrong syndrome that we were taught since infants. Sorry for the long winded post.

aliassmith wrote: One of my demons is/was holding onto losses to long. I rationalized the
behavior by thinking I would work my way out of it. The thing is I
researched this line of thinking and in just about every case I would have
been better to cut my losses. I am now confident that cutting losses fast
is the way to go.
Price closed over a line that you believed to be support and that is the first indication that something is WRONG-MO

aliassmith
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Postby aliassmith » Thu Jul 08, 2010 1:05 pm

gfg1 wrote:Alias, thought that I was lone one in that boat of being able to come back from holding losses.

Having looked at the charts when using your method, or dragon33 method, if entered right there is maybe 2 pips heat. If entered wrong the heat is never ending. A rational person, obviously not me in the past, would recognize this and the light would go off saying at 5 pips, something is wrong.

Having done a fair amount of reading, it appears that holding losses stems from the not wanting to be wrong syndrome that we were taught since infants. Sorry for the long winded post.

aliassmith wrote: One of my demons is/was holding onto losses to long. I rationalized the
behavior by thinking I would work my way out of it. The thing is I
researched this line of thinking and in just about every case I would have
been better to cut my losses. I am now confident that cutting losses fast
is the way to go.


No apoligies necessary! Thanks for your contribution. Too many people
are "man if I just had the right method....blah...blah...blah". The thing
is if you can't correct your bad habits then you won't be as successful
as you want.

Any number of the gurus here could spell out what they do down to the
smallest detail and most people will still fail because of some deep rooted
emotions.
Last edited by aliassmith on Thu Jul 08, 2010 1:11 pm, edited 1 time in total.
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aliassmith
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Postby aliassmith » Thu Jul 08, 2010 1:10 pm

Range/correction/order stack

Study how the market behaves at the order stack area. It is important
for small timeframes and small drawdown.
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Postby aliassmith » Fri Jul 09, 2010 3:50 am

GBP/JPY might be my new love :oops:
Didn't take the after pic, but it hit my TP for 35 pips.
I see why some of you like this pair. :)
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Postby aliassmith » Fri Jul 09, 2010 2:41 pm

Some trading logic!

There is a market move where price closes over S/R and comes back
near it and "tests" the S/R area.

Is it really a test or does it have to do with a trader's prayer?

"Dear God please let me get out of this trade at break even" :)

So S/R fails for some traders and then it corrects because of stops. Then
it comes back to where many can get out at break even or a small loss.
This cause new momentum.

Brain thinks of many things while watching charts. :shock:
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newschool
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Postby newschool » Fri Jul 09, 2010 3:55 pm

Don't know where to post this so picked this thread. Just wanna share my joy (or luck?).

Image

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MightyOne
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Postby MightyOne » Fri Jul 09, 2010 4:05 pm

newschool wrote:Don't know where to post this so picked this thread. Just wanna share my joy (or luck?).

Image


Sucks to be the guy on the other side of that trade :lol:

aliassmith
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Postby aliassmith » Fri Jul 09, 2010 4:08 pm

MightyOne wrote:
newschool wrote:Don't know where to post this so picked this thread. Just wanna share my joy (or luck?).

Image


Sucks to be the guy on the other side of that trade :lol:



That might of been me :shock:

No really, had a tight range on EUR/USD today. Came out with a little
skin missing. :lol:
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