lukx wrote:bredin wrote:Lukx,
Please realize soon that it really makes no difference where you put your line... price will show you what to do....
If you look at dragons turning points (http://kreslik.com/forums/viewtopic.php ... start=4720) they are just lines. RATs are just lines, Fat Cats are just lines.....
It is only important how price reacts to your line... close above, close below..... wick in, wick doll, wick away.... bounce, surge, retrace, momo.....
You appear to be unable to see the difference between HOW to and WHY to.... WHY is ALWAYS more important than HOW, since a reason WHY will force the brain to think of HOW it can be achieved, but knowing HOW will not force the brain to think of WHY something should be done.
So, Lukx, WHY do you need to be a successful trader? once you answer that at the level where failure is no longer an option your brain will work on HOW you can trade successfully, only then will 'something' become meaningful.
hmm this is interesting... basically I know WHY since the beginning. You may not believe me but it's not standard "I want to be a millionaire". Basically I want to have money if someone from my family will have health problems so I could help. I need money so when I got cancer (and really might happen because it runs hard in my family) I got money for best and expensive treatment. The rest is standard, I'm sic of my job where I have to wait 2 to 3 months to got salary (yep, I got this huge delays when receiving salary) and this would be all.
WARNING - I AM ABOUT TO SOUND VERY CRAZY INDEED
All good, intellectual reasons.
A Mentor of mine explained this to me a long time ago, when I was going through the same issues in another venture... I could write down 100 WHYs.... but they were all in my head. He continued:
WHY IS NOT AN INTELLECTUAL QUESTION.
[highlight=red]WHY IS AN EMOTIONAL QUESTION.[/highlight]
There are 2 kinds of knowledge. We are all familiar with the only one that gets credit in society: Intellectual Knowledge... (My Mentor called it Head Knowledge), you can see it paid tribute to on 1000 TV quiz shows, 1000000 schools and universities have become shrines to it.... but its not the important one.
The second knowledge is Heart Knowledge. Things of emotional value appear to be actually stored in the heart (theres a rather interesting study of heart-transplant patients who develop likes for things their donors loved doing), and not in the head.
Your WHYs must stir a reaction in your heart when you think of them: some actual pain at the thought of your family unable to pay a medical bill, the joy you will feel when you tell your boss "Im Retiring", The Freedom you will have to do what needs to be done rather then what someone else will allow you to do, the smell of the leather in a brand new car, the entertainment of getting the finance guy at the dealership to explain all your payment options for an hour or more and then telling him "thats way too complicated, I think I'll just pay cash". The stronger the reaction to your WHYs the better... surround yourself with visual reminders of your WHYs.
At the risk of sounding crazier, Your head can be lied to; it has been said that anything you hear 6 times or more becomes truth to your brain.... This is the power of affirmations. I became a profitable trader about 2 weeks after I started using this affirmation "It is easy to make money trading."
Lie to yourself, its very profitable