The idea's we trade by, so we never lose again. p2. The students become the masters

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 2536
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 833
Gender: Male

Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby aliassmith » Thu Sep 24, 2020 1:14 pm

JESGPY wrote:So.


I blew half the account today.

stupidly. Got mental ..

I am a proof its not the method .. its the trader.

If I someday get my head straigth I will succed.


Psychology is a big factor in trading. Do u know what triggers you.

You consider losses as a failure and not a statistical thing?
You trade to much risk so you make bad decisions?
Worried about being successful?

You wont make it unless you identify your mental issue and correct it thur sheer will. Change yourself or you method.
Trade Your Way as Long as It Makes Money!

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
JESGPY
rank: 150+ posts
rank: 150+ posts
Posts: 327
Joined: Fri Dec 19, 2008 7:21 pm
Reputation: 6
Gender: None specified
Contact:

Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby JESGPY » Thu Sep 24, 2020 1:41 pm

Anxiety to make it, to succeed..
Lack of patience for things to fall into place.
So I cant deal with set backs, because it means to slow down.
And from there we go down.

I stop waiting for signals, I stop doing things how they should.

Thats about it

aliassmith wrote:
JESGPY wrote:So.


I blew half the account today.

stupidly. Got mental ..

I am a proof its not the method .. its the trader.

If I someday get my head straigth I will succed.


Psychology is a big factor in trading. Do u know what triggers you.

You consider losses as a failure and not a statistical thing?
You trade to much risk so you make bad decisions?
Worried about being successful?

You wont make it unless you identify your mental issue and correct it thur sheer will. Change yourself or you method.

User avatar
JESGPY
rank: 150+ posts
rank: 150+ posts
Posts: 327
Joined: Fri Dec 19, 2008 7:21 pm
Reputation: 6
Gender: None specified
Contact:

Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby JESGPY » Thu Sep 24, 2020 1:45 pm

Its hard to think with a cool mind.

I accepted a bad day, and dealt with it. stopped when the limit of losses is achieved this should happen less.
Or at least will be less damaging

User avatar
pablo101
rank: 500+ posts
rank: 500+ posts
Posts: 973
Joined: Tue Jun 30, 2009 3:10 pm
Reputation: 40
Real name: Pete
Gender: None specified

Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby pablo101 » Thu Sep 24, 2020 3:24 pm

JESGPY wrote:So.


I blew half the account today.

stupidly. Got mental ..

I am a proof its not the method .. its the trader.

If I someday get my head straigth I will succed.


That sucks brother.

I read you made loads before which means you can do it again, you proved that.

I've stopped thinking about money and only points. Even every day my missus nags me about money money money but I am not having it, I will never be dragged in feeling stressed about money and trading anymore. I blew one 1000 dollar account before only because I was always thinking about making money so yeah, it's the mind not the system. Now, my mind can turn on a dime from money to points a day, a lot easier to think about ... and a lot easier to "feel" about too.

Take care bud, keep at it.
WAS A YALE STUDENT. Now? Let's see!

User avatar
LeMercenaire
rank: 1000+ posts
rank: 1000+ posts
Posts: 2830
Joined: Tue Sep 27, 2016 12:11 am
Reputation: 2071
Gender: None specified

Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby LeMercenaire » Thu Sep 24, 2020 5:04 pm

aliassmith wrote:
JESGPY wrote:So.


I blew half the account today.

stupidly. Got mental ..

I am a proof its not the method .. its the trader.

If I someday get my head straigth I will succed.


Psychology is a big factor in trading. Do u know what triggers you.

You consider losses as a failure and not a statistical thing?
You trade to much risk so you make bad decisions?
Worried about being successful?

You wont make it unless you identify your mental issue and correct it thur sheer will. Change yourself or you method.


Well identified.

My own personal demon when setting out was the fact that, although I didn't ''care'' about money, I was a rabid perfectionist. I HATED it when I broke a streak of wins. I would NEVER end the day/session/hour/minute with a loser.

It was crippling me. So that was the one thing to break and I simply ended up using the same psychological techniques I used when kicking a football, which came down to - at its most basic - as my coach would say, ''100 million Chinese don't give a damn'', lol.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
JESGPY
rank: 150+ posts
rank: 150+ posts
Posts: 327
Joined: Fri Dec 19, 2008 7:21 pm
Reputation: 6
Gender: None specified
Contact:

Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby JESGPY » Thu Sep 24, 2020 6:28 pm

Thanks for the support Guys!

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 2536
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 833
Gender: Male

Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby aliassmith » Thu Sep 24, 2020 6:29 pm

JESGPY wrote:Anxiety to make it, to succeed..
Lack of patience for things to fall into place.
So I cant deal with set backs, because it means to slow down.
And from there we go down.

I stop waiting for signals, I stop doing things how they should.

Thats about it

aliassmith wrote:
JESGPY wrote:So.


I blew half the account today.

stupidly. Got mental ..

I am a proof its not the method .. its the trader.

If I someday get my head straigth I will succed.


Psychology is a big factor in trading. Do u know what triggers you.

You consider losses as a failure and not a statistical thing?
You trade to much risk so you make bad decisions?
Worried about being successful?

You wont make it unless you identify your mental issue and correct it thur sheer will. Change yourself or you method.


Maybe slower is faster. Some people put too much pressure on themselves and can't make it.

What if you double your account every 2 months instead of 1 week? As long as you are pressured about the speed you will probably continue to make bad decisions.
Trade Your Way as Long as It Makes Money!

User avatar
JESGPY
rank: 150+ posts
rank: 150+ posts
Posts: 327
Joined: Fri Dec 19, 2008 7:21 pm
Reputation: 6
Gender: None specified
Contact:

Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby JESGPY » Thu Sep 24, 2020 6:33 pm

aliassmith wrote:
JESGPY wrote:Anxiety to make it, to succeed..
Lack of patience for things to fall into place.
So I cant deal with set backs, because it means to slow down.
And from there we go down.

I stop waiting for signals, I stop doing things how they should.

Thats about it

aliassmith wrote:
Psychology is a big factor in trading. Do u know what triggers you.

You consider losses as a failure and not a statistical thing?
You trade to much risk so you make bad decisions?
Worried about being successful?

You wont make it unless you identify your mental issue and correct it thur sheer will. Change yourself or you method.


Maybe slower is faster. Some people put too much pressure on themselves and can't make it.

What if you double your account every 2 months instead of 1 week? As long as you are pressured about the speed you will probably continue to make bad decisions.



Totally true.

I keep failing and never advance. 1 year from now I rather double every 2 month that keep losing.

Rethinking everything at the moment

aliassmith
rank: 1000+ posts
rank: 1000+ posts
Posts: 2536
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 833
Gender: Male

Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby aliassmith » Thu Sep 24, 2020 8:07 pm

JESGPY wrote:
aliassmith wrote:
JESGPY wrote:Anxiety to make it, to succeed..
Lack of patience for things to fall into place.
So I cant deal with set backs, because it means to slow down.
And from there we go down.

I stop waiting for signals, I stop doing things how they should.

Thats about it



Maybe slower is faster. Some people put too much pressure on themselves and can't make it.

What if you double your account every 2 months instead of 1 week? As long as you are pressured about the speed you will probably continue to make bad decisions.



Totally true.

I keep failing and never advance. 1 year from now I rather double every 2 month that keep losing.

Rethinking everything at the moment


Consider;
Lower risk%
Risk $$$ based on current account size.
Use same risk in dollars for each trade
make 12.5% week or 50% month
After 4 weeks change risk in dollars based on new account size and make 12.5% a week.

Hit 100% start over.

Don't focus on the actual 12.5 % just execute, what happens happens. You'll be able to evaluate your performance after each month.
Trade Your Way as Long as It Makes Money!

User avatar
Leoheart
rank: 150+ posts
rank: 150+ posts
Posts: 436
Joined: Thu Feb 23, 2017 10:54 pm
Reputation: 404
Gender: None specified

Re: The idea's we trade by, so we never lose again. p2. The students become the masters

Postby Leoheart » Fri Sep 25, 2020 10:35 am

LeMercenaire wrote:
aliassmith wrote:
JESGPY wrote:So.


I blew half the account today.

stupidly. Got mental ..

I am a proof its not the method .. its the trader.

If I someday get my head straigth I will succed.


Psychology is a big factor in trading. Do u know what triggers you.

You consider losses as a failure and not a statistical thing?
You trade to much risk so you make bad decisions?
Worried about being successful?

You wont make it unless you identify your mental issue and correct it thur sheer will. Change yourself or you method.


Well identified.

My own personal demon when setting out was the fact that, although I didn't ''care'' about money, I was a rabid perfectionist. I HATED it when I broke a streak of wins. I would NEVER end the day/session/hour/minute with a loser.

It was crippling me. So that was the one thing to break and I simply ended up using the same psychological techniques I used when kicking a football, which came down to - at its most basic - as my coach would say, ''100 million Chinese don't give a damn'', lol.


Howdie Partner,

Why is friday not a good day to get into a position for a Long Term Trader? Besides the monday open gaps any other reason we should sit out on friday? Be safe friend.
Soon all of this will be a long time ago. Be Humble, Be Playful.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”