ProchargedMopar's Trading Trilogy

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prochargedmopar
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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Sat Jan 15, 2022 8:09 am

cheunt3 wrote:
prochargedmopar wrote:
cheunt3 wrote:Pro, with all these posts you're making, are you recording everything down into a journal?

Wins? Losses? Why you took the trade? Why you didn't take the trade?

What's your W/L outcome so far?

It's gonna help with your confidence and inrcease in position sizes.

If you're not the pen paper type and more visual auditory, try camcordering your experience but make sure you're disciplined organizing that with a excel spreadsheet. Go back to your recordings every so often.



It's just a matter of doing what's RIGHT.

So No,
This can be summed up in one word,
Desensitization.

But I'll still give a couple examples:

A plumber doesn't mind having 'crap' on his hands all day long.
What about skinning a deer? ​
How bout a coroner?
After a while they eat lunch with totally gutted HUMANS laying around.
Chop peoples heads off long enough and pretty soon.......Nadda.

"If you know better, do better" MO paraphrased


You joined here in 2008, you must be desensitised by now for sure :-D

Keeping a journal is another way to desentify yourself if you think about it. It keeps you on track and even with a simple ledger of 100 wins or losses you can see a huge amount of info about your trading. The info I am talking about is 'your brain.' Then you'll find like much of us, it's our brain that's stopping us from achieving much more in not just trading but anything, really.

"When traders are indifferent to fears, they enter a “zone” – a state of mind that many good sports athletes experience. They hardly have to consider consequences or second-guess themselves. They are in the moment of “just do it” and it turns out to be exactly what they need to do."

This is the holy grail of trading and not some colourful indicator you attach to your charts.


The above I copied from somewhere else, so the question is "how to be indifferent to fears?"

The answer is face it (just take the trade). And to pay attention to it (journal). And MO's quote, "If you know better, do better" (refine or keep same, up to you). The repeat. Then grow with power with every trade you take. I kid you not, you will grow in power because ultimately, isn't that how we all grow in spirituality? Money? Weight training ? etc....

Actually MO's quote can be interpretted a few ways but I think it would be better like this:

"If you know yourself better, do better"


I spent many years chasing what TRO calls the new and shiny.
Seen any of my past charts? LOL
I worked A lot the past decade especially the 5 yrs before I retired.
It was a different job and "trading" took a back seat.
Even the first year of being retired I spent most of my time traveling or watching youtube videos on cars/turbos/trucking, etc.
And trying to get a grip on NOT HAVING A JOB was a adjustment period. :lol:
It's weird. (institutionalism is real)
Now that I am retired I'm back on it but with many years of just watching/studying behind me.
Time management is my biggest issue atm.
I've got lots of stuff I want to get done/do.
Projects backed up for at least 5 more years OR more.
Ski trip coming up next month, then Disney in FL a month or so later.
Rough life, First world problems are a mofo.......(Keeping the fridge closed is one of them) :mrgreen:

And Yes,
It's 99.98% a brain game.
.01% being able to click a mouse or tap a phone.
.01% being able to pay for internet service.

All it takes for success is to make a decision.
That's it.
No excuses, No discipline required, no quitting, especially with something like this where others are NOT involved.
Make a decision and nothing else matters.
100% personal responsibility. Pretty unique situation actually.

You do, or don't
Not much else to say.

Americans, Do or Die.
Russians, Do or Do, Dying is not an option and considered a cop out. :shock:
#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: ProchargedMopar's Trading Trilogy

Postby cheunt3 » Sat Jan 15, 2022 1:33 pm

prochargedmopar wrote:
cheunt3 wrote:
prochargedmopar wrote:

It's just a matter of doing what's RIGHT.

So No,
This can be summed up in one word,
Desensitization.

But I'll still give a couple examples:

A plumber doesn't mind having 'crap' on his hands all day long.
What about skinning a deer? ​
How bout a coroner?
After a while they eat lunch with totally gutted HUMANS laying around.
Chop peoples heads off long enough and pretty soon.......Nadda.

"If you know better, do better" MO paraphrased


You joined here in 2008, you must be desensitised by now for sure :-D

Keeping a journal is another way to desentify yourself if you think about it. It keeps you on track and even with a simple ledger of 100 wins or losses you can see a huge amount of info about your trading. The info I am talking about is 'your brain.' Then you'll find like much of us, it's our brain that's stopping us from achieving much more in not just trading but anything, really.

"When traders are indifferent to fears, they enter a “zone” – a state of mind that many good sports athletes experience. They hardly have to consider consequences or second-guess themselves. They are in the moment of “just do it” and it turns out to be exactly what they need to do."

This is the holy grail of trading and not some colourful indicator you attach to your charts.


The above I copied from somewhere else, so the question is "how to be indifferent to fears?"

The answer is face it (just take the trade). And to pay attention to it (journal). And MO's quote, "If you know better, do better" (refine or keep same, up to you). The repeat. Then grow with power with every trade you take. I kid you not, you will grow in power because ultimately, isn't that how we all grow in spirituality? Money? Weight training ? etc....

Actually MO's quote can be interpretted a few ways but I think it would be better like this:

"If you know yourself better, do better"


I spent many years chasing what TRO calls the new and shiny.
Seen any of my past charts? LOL
I worked A lot the past decade especially the 5 yrs before I retired.
It was a different job and "trading" took a back seat.
Even the first year of being retired I spent most of my time traveling or watching youtube videos on cars/turbos/trucking, etc.
And trying to get a grip on NOT HAVING A JOB was a adjustment period. :lol:
It's weird. (institutionalism is real)
Now that I am retired I'm back on it but with many years of just watching/studying behind me.
Time management is my biggest issue atm.
I've got lots of stuff I want to get done/do.
Projects backed up for at least 5 more years OR more.
Ski trip coming up next month, then Disney in FL a month or so later.
Rough life, First world problems are a mofo.......(Keeping the fridge closed is one of them) :mrgreen:

And Yes,
It's 99.98% a brain game.
.01% being able to click a mouse or tap a phone.
.01% being able to pay for internet service.

All it takes for success is to make a decision.
That's it.
No excuses, No discipline required, no quitting, especially with something like this where others are NOT involved.
Make a decision and nothing else matters.
100% personal responsibility. Pretty unique situation actually.

You do, or don't
Not much else to say.

Americans, Do or Die.
Russians, Do or Do, Dying is not an option and considered a cop out. :shock:


You seem to be enjoying retirement, that's excellent, it's really great you're keeping busy.

So what is it you want from your trading?
MO "Don't try to predict what will happen next, simply aim to consistently apply your ideas."

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Re: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Sat Jan 15, 2022 3:51 pm

cheunt3 wrote:
So what is it you want from your trading?


At first it was 1.4 Million Bucks to Infinity in 5 months!!
5% a day doubles the account every 3 weeks.
You don't have to do the math, I'm sure you have before. LOL :mrgreen:

Over the years it morphed into $500 a day would put me on Easy street. (Forex-trading-made-ez)
Reality, I'm already on EZ street. It's called Bob White Ct.

Then, it was like a hundred bucks a day would be pretty cool.
You know, $10 a pip and 10 pips a day....blah blah blah.
Not bad for an added allowance of daily blow money to spend on.......I don't even know what.
What do I need?
Custom car parts?? Uh, Uh, give to church? Uh, Uh, Christmas presents? Hmmmm

NOW, I don't give a rats A$$ about the money.
I'm here to master the craft of trading.
READING the markets (isn't there a website/method with that name?) :)
Understanding the markets and my reactions to them.
Emotions, not even once.
So, I've got the rest of my life to practice.
1yr? 10yrs? Maybe I live to the median age of all my grandparents, 89.
That's 37 more years. And it will go FAST.
MY REAL GOAL IS TO LIVE TO 90.
Looks to me like I'm doing a pretty good job at listening overall.
We will become one as long as I continue to do so.

And your goals?
Have you reached em?
How long you been at this?

Who are you? Where you from?
#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: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Sat Jan 15, 2022 4:48 pm

MO16.JPG
MO16.JPG (63.29 KiB) Viewed 1197 times
#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: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Sat Jan 15, 2022 5:31 pm

hahahaa

My 21yo Nephew asked me about trading a couple days ago.
10 min later........He's like Hmmm.

Today I get this in messenger. :mrgreen:

Skeleton.JPG
Skeleton.JPG (24.22 KiB) Viewed 1190 times
#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: ProchargedMopar's Trading Trilogy

Postby prochargedmopar » Sat Jan 15, 2022 5:55 pm

So, I closed my eyes and scrolled back on m5 to see what I could SEE.

This is what I came up with. LOL

"Trading is waiting" TRO

When I'm confused, It's best for me to sit there waiting like the bottom guy above,
Cuz it won't be long until Mr. Market shows his hand and tells ME what to do next.

#aj1.JPG
#aj1.JPG (85.48 KiB) Viewed 1184 times
#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: ProchargedMopar's Trading Trilogy

Postby dojirock » Sat Jan 15, 2022 8:16 pm

Pro,
You seem to have adjusted well during the retirement phase. It is a process, a rediscovery of purpose, and a time of reflection. I love your statement that trading isn't about the money anymore, it changes ones whole perception once that 'phase or cycle of trading' has been accomplished. Fear, Fomo, will decrease. This is one of the hardest things to overcome.

doji
:)
Last edited by dojirock on Sun Jan 16, 2022 4:52 pm, edited 2 times in total.
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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Re: ProchargedMopar's Trading Trilogy

Postby dojirock » Sat Jan 15, 2022 8:17 pm

Back to trading convo.....
Last edited by dojirock on Sun Jan 16, 2022 4:52 pm, edited 1 time in total.
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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dojirock
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Re: ProchargedMopar's Trading Trilogy

Postby dojirock » Sat Jan 15, 2022 8:27 pm

prochargedmopar wrote:So, I closed my eyes and scrolled back on m5 to see what I could SEE.

This is what I came up with. LOL

"Trading is waiting" TRO

When I'm confused, It's best for me to sit there waiting like the bottom guy above,
Cuz it won't be long until Mr. Market shows his hand and tells ME what to do next.

#aj1.JPG



By the way, the chart above says it all. It is very similar to the one I'm posting below that really changed my view and made something click.
Screenshot 2022-01-15 152547.png
Screenshot 2022-01-15 152547.png (102 KiB) Viewed 1166 times

doji
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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Re: ProchargedMopar's Trading Trilogy

Postby BambinoFlex » Sat Jan 15, 2022 9:16 pm

I get you ProCharge. I think you perfectly described the growth that takes place when a person comes into trading and wants to make it work. It’s not a “I hope it works” it’s a “I know it works.”
"If you're wrong, guess what...thats TRADING"

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