I just had to emerge from my perpetual "lurker" state to let you know how much I've appreciated the enormous amount of time and effort you've put into this journal/thread. I think this is the only thread I've ever subscribed to (here or on any forum I frequent) and it's been immensely helpful to experience your ups and downs over the years.
When I first came across this thread, it immediately "clicked" with me, since we share a similar style of trading as well as having freakishly similar thought processes and emotional responses to our trades. Your posts have been truly inspirational and I don't think I can overstate just how much I (and I suspect many others here) appreciate your efforts.
Your videos in particular deserve recognition. It's apparent just how much time and effort have gone into them and--on top of everything else--you're quite simply a fantastic teacher.
Thanks again, and keep up the good work!
The following 3 users say Thank You to Sniff for this post:
Wow! Thank you for the nice words. The fact that my journal has resonated with someone such as yourself makes me feel that it was definitely worthwhile for me to have posted on here.
To be perfectly honest, trading has been the most difficult endeavor I have ever been involved with..in my entire life. After being fairly successful at a few different things, I was totally unprepared for the pyschological challenges and the skills necessary to do well at trading.
I'm embarrassed to say how much money I have lost at this over the years and how discouraged and depressed it has made me. Matt Z, my broker at Optimus can tell you of phone calls I made to him..telling him to close my account because I wanted to quit. He never tried to stop me or talk me out of it, but instead would listen and offer some great advice. After a day or two of contemplating his suggestions, I would decide to hang in there. Matt is not only a great broker, but an exceptional human being as well. If you read this, for some reason..Thank you, Matt. I appreciate everything.
I would not say I've "made" it yet. But I see no reason why that I can't eventually earn a full time living from this: provided I keep my emotions in check, follow all my rules...and keep 100% focused at all times. And that...is not easy. I have an impulsive side to me that I have to constantly keep under control..that can cause me to do some truly epic stupid things, while trading.
Thanks again for your nice comments and the best of luck to you in your trading.
Failure is not an option
The following 16 users say Thank You to lancelottrader for this post:
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.
The following 3 users say Thank You to Big Mike for this post:
@lancelottrader You made my day, my week and year.
I have a lot of respect for you because you trade live and share your real experience with trading in the most honest fashion without coloring it. You give them pure reality of trading, the pain, the happy moments and frustrations.
The underlying philosophy the runs me as a broker is the fact that I get compensated while you are the one taking the risk. I think if some other brokers would get this through their thick skull, they would stop treating retail in the sales fashion that it is treated today. I wish I could tell you that things are getting better in the industry, but it is not. Salesman disguised as brokers, sales companies disguised as software providers, etc.
If you end up with someone decent it's a miracle.
I wish you a good weekend, and again thank you for being an inspiration on this forum. I give you my "Market Wizard" crown, you deserve it 10 times more than me.
There is a risk of loss in futures trading. Past performance is not indicative of future results.
PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
Last edited by mattz; October 30th, 2015 at 02:25 PM.
The following 12 users say Thank You to mattz for this post:
thanks a lot for the latest video posted and this thread at all. This thread is such inspiring to me that i decided to give this scalping system a try on SIM. So i started SIM-trading the CL in a similar way (basically an EMA and Supertrend as helpers) in conjunction with BookMap to see the levels of liquidity and activity. Its not my intention to imitate in detail - its more to enrich my approach.
So far the first week was a good one (+58 SimTicks) and i want you to know that all your efforts you have put into this thread helped me. Of course i need to know the CL much better and i will do much more extensive practicing and collecting experiences.
So thanks again and have a nice weekend
The following user says Thank You to MichaelH for this post:
That sounds really cool. I wish you all the best.
The more you watch the market..the more your brain will begin to see patterns. Most people don't allow their pattern recognition aspects of their brain to really develop. I like to do market replay (if you have that feature) and watch it a a fairly high speed . I don't even trade it...I just allow my brain to absorb it..even though it's playing at a high speed. You'd be surprised how this can activate parts of the brain. I do this on the weekends and go through a few days of trade sessions. I think it helps.
Failure is not an option
The following 2 users say Thank You to lancelottrader for this post: