lukx zline trading log + cfabian p.35 + adaseb p.48

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bacoazul
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Postby bacoazul » Tue May 11, 2010 7:09 am

Hey guys, i see you are getting lots of pips
this weeks, im getting trouble managing this
kind of volatility, i just have one trade on the
gj, from a previous daily support, now
resistance, and is happen to be a ZL on the weekly
too, i was gonna post it but i se braathen post the
exact same trade, congratz braathen.
These are my principles. If you don't like them, I have others.

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MightyOne
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Postby MightyOne » Tue May 11, 2010 7:10 am

lukx wrote:
MightyOne wrote:Considering that my account may jump tens of percent in a matter of days I would say that losing is impossible.


Image

:lol:



Good thing I grossly understated my gains :lol:

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MightyOne
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Postby MightyOne » Tue May 11, 2010 7:15 am

Quick show of hands

Who does not make at least 10% per week?

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lukx
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Postby lukx » Tue May 11, 2010 7:21 am

+ or - :) i'm doing it easy but -10% an hour :)

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Postby poipen » Tue May 11, 2010 7:28 am

MightyOne wrote:Quick show of hands

Who does not make at least 10% per week?


in time... in time..
Wise Men Know Their Limits, Great Men Have No Limits.

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newark18
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Postby newark18 » Tue May 11, 2010 7:31 am

I don't :(
Failure is an opportunity to learn.

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scratty
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Postby scratty » Tue May 11, 2010 7:37 am

I don't ...
Lose professionally!

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bacoazul
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Postby bacoazul » Tue May 11, 2010 7:45 am

lukx wrote:+ or - :) i'm doing it easy but -10% an hour :)


LOL, then do exactly the opposite
These are my principles. If you don't like them, I have others.

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MightyOne
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Postby MightyOne » Tue May 11, 2010 7:53 am

lukx wrote:+ or - :) i'm doing it easy but -10% an hour :)



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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dragon33
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Postby dragon33 » Tue May 11, 2010 7:55 am

I was out to soon on the ej but need to go to physio and holding when i'm not around is not my thing yet.

Mo this trade is above 10% i'm way up lol but i think you knew that

Image
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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