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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.
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Young Chuck moved to Texas and bought a Donkey from a farmer for $100. The farmer agreed to deliver the Donkey the next day. The next day he drove up and said, ‘Sorry son, but I have some bad news, the donkey died.’ Chuck replied, ‘Well, then just give me my money back.’ The farmer said, ‘Can’t do that. I went and spent it already.’ Chuck said, ‘Ok, then, just bring me the dead donkey.’ The farmer asked, ‘What ya gonna do with him? Chuck said, ‘I’m going to raffle him off.’ The farmer said ‘You can’t raffle off a dead donkey!’ Chuck said, ‘Sure I can. Watch me. I just won’t tell anybody he’s dead.’ A month later, the farmer met up with Chuck and asked, ‘What happened with that dead donkey?’ Chuck said, ‘I raffled him off. I sold 500 tickets at two dollars a piece and made a profit of $998.’ The farmer said, ‘Didn’t anyone complain?’ Chuck said, ‘Just the guy who won. So I gave him his two dollars back.’ Chuck now works for Goldman Sachs.
The following 2 users say Thank You to fireman912 for this post:
Jaguar52 you hit the nail right on the head. I have discovered through Mike's forum a practical way to do exactly what is needed for High Probability Trading.
I am almost ready to go live and trade again after nearly 10 years of my introductory and I think almost mandatory dunking that every trader goes through sometime in their career. When I lost that for me substantial sum and experienced the shock and hand ringing of that day I vowed to learn how to trade and considered that contribution as the cost of tuition for this profession.
The great thing about this line of work is that you can train for free with the simulators, all it takes is perseverance and determination to make it through the highs and lows of the process.
It took me a while to discover the exact market for my style of trading. The whole journey has been and continues to be a path of discovery. One of the key stops on this path is this forum with the generous sharing of software and ideas that for me has been a breakthrough in my trading.
It would have been a much longer road to success without the help of everyone here. In any case I have been working on my setup and I was waiting till I was satisfied with it and in the spirit of this forum I want to share with others.
Anyway Cheers to Mike !! On this first anniversary!! Many more to come!
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