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Gary's Place

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  #101 (permalink)
 GaryD 
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This trading round the clock has me very tired today. I sat up late watching currencies and drinking beer last night, taking on 30 cent risks in USD to make 40 cents or more. Just for the mental practice. But feeling slow this morning...

If you see me on Skype, feel free to text. I will call you back if a "good" trade sets up, if that happens during the correct hours. Yesterday I did wind up staying on a call all the way into the close, but that was not really the intent.

Trading requires you to find what works for you, and deciding if I fit your criteria is the main purpose of the call. I have developed my approach, from my experiences to get here. You may realize quickly I am not soliciting business, I am just letting you see who I am, and what I do. Full disclosure

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 GaryD 
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Nothing to do with trading. I'll see if it makes it or gets deleted.

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  #103 (permalink)
 GaryD 
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Yesterday one more trade call down, net 40+ ticks

Today another trade call down, net 101 ticks

I am getting there, please be patient and I will get you soon.

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  #104 (permalink)
 Brutus 
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GaryD View Post
Yesterday one more trade call down, net 40+ ticks

Today another trade call down, net 101 ticks

I am getting there, please be patient and I will get you soon.


Gary can you post some simple entry, stop & exit charts when you have time? Since followers have a basic idea of your method, I don't mean a full spread of charts & explanation, just s simple visual of the trades you talk about. Thanks

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 GaryD 
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Brutus View Post
Gary can you post some simple entry, stop & exit charts when you have time? Since followers have a basic idea of your method, I don't mean a full spread of charts & explanation, just s simple visual of the trades you talk about. Thanks









Around C period I was talking with someone here, and we determined the market was going rotational. I stopped the trend approach, scalped the blow of the top, and quit for the day.

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 GaryD 
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The chat that went with this morning's discussion. This is not who I was on the call with, that was by voice, but this was the same time period.





"Base" as in, the day was going rotational, and price continued to overlap back into the range of the first 30 minutes, aka "A Period"

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 GaryD 
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A visual guide to day types is attached, split and unsplit to show the various rotational patterns. The first 3 periods are colored green/yellow/red, like a stop light, to learn to get a fast read on the day. None of this is exact.

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Gary's Place-mp-day-types-split-vs-unsplit.pdf  
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 GaryD 
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Greatwest1 View Post
Hi Gary,
My Skype name was registered, but inactive, but is now all good: 'greatwest1 ' is online.
Answers to the one question about a chart is: The items highlighted are all indicators:
Fibonacci extension, retracement, moving average line, and a Donchian channel .
What account balance did you suggest one start out with? I remember you said you expected
traders to make a trade when you suggest to trade ' CL ' .
I did not see any other quiz, sorry if I missed it.
Greg.



I just added you on Skype. Will watch for you over the next several days/weeks.

I am a CL trader, almost exclusively. You can trade what you want, and a lot of things are similar no matter the market, but to get the most specific trade advice, it is CL only. I am starting to move into micro currencies on forex, but still in test mode there.

I do not advise starting with very much money. That is my personal opinion. Small account balances can be a negative psychologically, but they enforce a greater appreciation of risk. And, keep the majority of your money off the table.

I also believe you should double a simulated account before going live.

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 GaryD 
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Just so anyone can see the progress. Still some time to go.


Tonight is microbrews and micro lots again.

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 GaryD 
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 xiaosi 
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Fascinating thread Gary, sort of like your "shed"...just drop by.

Is that 12 traders you're mentoring now? Great for karma!

XS

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  #112 (permalink)
 GaryD 
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GaryD View Post

I also believe you should double a simulated account before going live.


1) If you cannot trade one contract profitably, you sure as hell cannot trade 10. So why have $50k in the account? It is not necessary, and worse, it is dangerous.

2) As retail traders, why do we choose futures? LEVERAGE. That is deadly, but also powerful. If you cannot double $5k without losing $5k first, you still have some homework to do. Whether you do it in a week or 2 years does not matter. If you stay alive for 2 years, that is building a skill as well. Patience. Focus.

3) If that level of potential volatility bothers you, find another instrument. I am now trading forex with $200.00 in an account, and trade for about $1-$3 per day. Be more focused on learning to trade than making money. Urgency is not real.

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 GaryD 
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xiaosi View Post
Fascinating thread Gary, sort of like your "shed"...just drop by.

Is that 12 traders you're mentoring now? Great for karma!

XS

Lucky 13. The Baker's Dozen.

Each is still in the deciding stage, on both sides. Each I hope gains something from it. One will be chosen.

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 GaryD 
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xiaosi View Post
Fascinating thread Gary, sort of like your "shed"...just drop by.

I just re-read this before deleting the email. Yes, it is nothing but a poorly-crafted-but-sufficient place for me to hang out. But, I am not here for very long at one time. Chose the location for being close enough, but still out of the mainstream. Convenience. Walking distance to all kinds of things, yet very secluded and peaceful.


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  #115 (permalink)
 GaryD 
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Forex nailed me. Lost $1.15 tonight

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 GaryD 
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GaryD View Post
Lucky 13. The Baker's Dozen.

Each is still in the deciding stage, on both sides. Each I hope gains something from it. One will be chosen.


Or three,,, lol!!! I have no fucking clue.

I just felt something. I have always, my entire life, had some desire for a kumbaya lifestyle. At the same time, I realize my profits come from the consistent flow of losing traders. But, I came to futures.io (formerly BMT) with the attitude of one for all / all for one, and before I check out, decided to do this. Like my graduation party.

And a party it has been. Beer and all... "Models and bottles" lol

I have worked my ass off to become a trader, for years. And now I understand why. And it is not what I thought for years, maybe that is part of the problem.

But, Fear has left the building.

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 xiaosi 
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Its a great feeling to mentor people i would imagine Gary...To teach is also to learn twice...

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 GaryD 
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xiaosi View Post
Its a great feeling to mentor people i would imagine Gary...

Yes


xiaosi View Post
To teach is also to learn twice...

No. Not any part of my reason.

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 GaryD 
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xiaosi View Post
Its a great feeling to mentor people i would imagine Gary...To teach is also to learn twice...

Actually, one thing that will thin the herd somewhat, is I do not want to learn anything from this. I might
, probably will. But that is not the motivation.

I was on a call the other day, stopped someone mid-sentence. Something like, "that is not what this call is about".

They are interviewing me...

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 GaryD 
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xiaosi View Post
Its a great feeling to mentor people i would imagine Gary...To teach is also to learn twice...

Ask anyone here. I am fucking insane.


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  #121 (permalink)
 GaryD 
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 iqgod 
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GaryD View Post

... Fear has left the building.

Very important. Very very important.

“The greater part of human pain is unnecessary. It is self-created as long as the unobserved mind runs your life.” ~Eckhart Tolle

Fear stops us from living the life of our dreams. It stopped me.

Only after the constant practice of mindfulness have I come to face to face with the fear within me.

And it happens ONLY when I’m comparing myself to others.

Fear allows us to create STORIES in our otherwise crystal clear heads.

Fear -> Self-pity -> hatred -> Fear

is the full circle.

Fear is what used to prevent me from taking responsibility.

Fear leaves the building ONLY when the storyline has moved on (but is still stored inside your mind)
OR when the fear tugging your mind has become diluted (how?)
OR when the mind is aware that IT is in control (permanent solution - taking back control!)


And believe me it is a PROCESS... the more you practice the better you get at everything.

Trading is merely improving yourself each day, in fact it is the ONLY thing that trading really is.

Without that the self-destruction-jounrey continues and I come to the markets to play a preset game called "I lose".

Thanks for triggering this internal dialogue.

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 GaryD 
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Fear is not conducive to the mindset required. A trader should not fear loss, they should accept that it will happen and not have it change their emotional state. You just close the trade, and move on.

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 GaryD 
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Winding up the final week of my first full time month, cruising so far. Very good month, particularly considering the starting equity. I started to realize I was really "there" sometime this week, and the related celebratory drinking is starting to wear on me some. I may feel like it some days, but I am not 25 anymore.

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 GaryD 
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one more down Net +50.






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 GaryD 
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I posted this before, but not here. Just shared with someone today on a skype call.

Attached Thumbnails
Gary's Place-cl-6-range-swing-length-4-11-through-12-11-copy.pdf  
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 GaryD 
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One more after the call was over

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 GaryD 
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UPDATE

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 GaryD 
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Another glimpse into the past. Trying to accent some things I said today.





GaryD View Post
Over and over again I spend hours and days marking my charts, then erase a few days later and start over. As the maket moves forward it leaves new points of interest behind. The higher the timeframe analysis, the longer the markings have significance. Those attempts at analysis may last for weeks or months. Shorter timeframe chart markings, like 30 minute, can lose their meaning in a day's time. It's like building sand castles too close to the surf, having them washed away by the rising tide. The tide goes back out, and I start building again.

I don't know why, but I enjoy the whole process. Typing this, it doesn't sound like any fun. But it's almost like an artist with a new canvas, and I get lost in the process until the next painting is completed.......

I'll start with a single line somewhere, and soon there are lines everywhere. Then I will increase the time range and do it again, then decrease the time range and do it again. Lines everywhere. Then, I zoom back out and start to remove them again, making tough decisions about which really have to go, which have the most strength. And it's really somewhat of a guessing game that improves over time.......


........ the studies I have done that show that the risk to reward ratio by itself could in fact be the holy grail. Maybe that is my obsession. Maybe I imagine that if I just set the stop and the profit target and let whatever happens, happen, that I would be in a more peaceful state. Zen. My trading the past few days has been the opposite of peaceful, but maybe in some ways still "Zen".

One definition of zen teaching says, "contemplation of one's essential nature to the exclusion of all else..." I was certainly feeling every pulse of the market to the point where nothing else existed at that moment. Isn't that being "one with the market"?

I studied meditation for several years, and the goal back then was to clear the mind of everything. There was a saying, you can't stop the birds from flying over your head, but you can stop them from resting in your hair. Let the thoughts flow through but don't hold onto them.

In one method, I used to sit in a dark room with a candle and stare at the flicker of light until all else faded to black. Nothing but the candle existed at that moment. Replacing the candle with computer monitors, and the flicker with price action, couldn't that be a type of meditation?

........Maybe the whole chart drawing thing is just another form as well. I start with nothing but a black screen and a white flickering price pattern, and study it until nothing else exists. I draw until I can't draw anymore, and it becomes complex. Then contemplate, and finally go back to remove the noise until it becomes simple again......


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  #130 (permalink)
 GaryD 
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iqgod View Post
And it happens ONLY when I’m comparing myself to others.

Who else has money in your account?





iqgod View Post
Fear -> Self-pity -> hatred -> Fear is the full circle.

That does not sound complete.





iqgod View Post
Without that the self-destruction-journey continues and I come to the markets to play a preset game called "I lose".

Play something new. Anything, but be sure it feels like play. Much better place to live.

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  #131 (permalink)
 GaryD 
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I read some more pieces of past journaling tonight. Not for me, but to help me prepare to be a mentor.

Those of you who have traded with me already probably agree that I do not have a "system", I simply listen to the market and respond, stay calm, truly expect to win, do not sweat losses, etc. Very tough things to teach in writing.

I read a few more notable moments, but nothing that seemed appropriate.

There are two more trading days in my first month of full time trading. I have had two losing days so far, one for $100 something, and the other for $900 something. So far ZERO losing days during introductory skype calls. I am seeing that when I am advising about a trade I am far more conservative. I think that is from all of the experimenting I did on my own. I am likely to continue that, but not likely to recommend it. lol!! I may know I am good for the day, then start taking trades that are iffy, just to experience them. Horrible on my performance reports, but I have fun.

We missed a great long this morning, I saw it, said we would take it, but then I was so slow from drinking last night that it came and went, and I completely missed the entry... Great example of why these calls are where you are interviewing me.

I don't really care. I have been feeling like I am on my first vacation in 5 years as far as trading goes, and am still here in my chair. Just so relieved to have broken through. I struggled with some emotional issues related to my past for a long time, but never quit working on it. The technical side has been there for much longer, but I kept weaving in and out of it due to my mindset. Exhausting work, trying to decode yourself.

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  #132 (permalink)
 GaryD 
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  #133 (permalink)
 Patrick S 
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Lets see your last year

If you always do what you have always done you will always get what you have always gotten.
Celebrate because you executed your edge. Not because you won.
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 GaryD 
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Patrick S View Post
Lets see your last year

why? I have posted here for longer than that. Go see for yourself where I was, what I did, where my head was.

I am not selling anything, I am offering a chance to trade with me for awhile. I will tell you right now that I nearly quit trading last year from a major hit. It is all documented.

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 GaryD 
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If I don't have your email, send me yours. Mine is garydavis@cfl.rr.com.





(Thank you, thank you very much... )





See you on the field

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 Cashish 
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GaryD View Post
BLOW ME


(just trying out two options)




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 lancelottrader 
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Patrick S View Post
Lets see your last year

Actually it seemed to me that Gary traded pretty well for the most part, last year. He appeared to have many consistent winning days. He, of course, had that one unfortunate day where he had a lapse of discipline and didn't take a reasonable stop on a trade..but for the most part he seemed to trade pretty well. He had some demons perhaps..but his overall technical skills were sound.

Failure is not an option
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 GaryD 
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Net 66 on this call. We took a couple longs trades, one at the edge of prior TPO value from Tuesday, as the market had shown evidence of correction behavior, and another after the initial burst of shorts getting blown out.





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 GaryD 
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lancelottrader View Post
Actually it seemed to me that Gary traded pretty well for the most part, last year. He appeared to have many consistent winning days. He, of course, had that one unfortunate day where he had a lapse of discipline and didn't take a reasonable stop on a trade..but for the most part he seemed to trade pretty well. He had some demons perhaps..but his overall technical skills were sound.



It was worse than that. I had a low psychology point and continued to add in on a loser that day. I was completing a bankruptcy, living in a house that the bank owned, working in multiple states and trading every moment I was not, my mother had passed away recently, I went off some antidepressants... AND, I was struggling with concepts of FEAR, RISK, and UNCERTAINTY.

Nearly ended my trading.

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 Traderwolf 
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GaryD View Post
Just so relieved to have broken through. I struggled with some emotional issues related to my past for a long time, but never quit working on it. The technical side has been there for much longer, but I kept weaving in and out of it due to my mindset. Exhausting work, trying to decode yourself.

Gary,


Congrats on your success... I have been working on decoding some of my issues from the past as well. These are some of the major things holding me back...Could you enlighten us as to any of the methods, practices, etc that were instrumental in your success in changing your mindset in trading? Was there a pivotal moment, event , or method that made the most change or a gradual change over many months /years and methods?

Thanks,

Wolf

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 lancelottrader 
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GaryD View Post
It was worse than that. I had a low psychology point and continued to add in on a loser that day. I was completing a bankruptcy, living in a house that the bank owned, working in multiple states and trading every moment I was not, my mother had passed away recently, I went off some antidepressants... AND, I was struggling with concepts of FEAR, RISK, and UNCERTAINTY.

Nearly ended my trading.

Those were very tough conditions to deal with. Your persistence is admirable.
This trading endeavor which I have been involved with for over 6 years has extracted a heavy price for me as well. I almost threw in the towel several times also. I'm happy I didn't, since learning to adhere to a system and follow rules implicitly has carried over to many other facets of my life. The psychological self discovery has been quite enlightening as well.

Failure is not an option
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 GaryD 
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lancelottrader View Post
The psychological self discovery has been quite enlightening as well.

Very

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 GaryD 
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Traderwolf View Post
Gary,


Congrats on your success... I have been working on decoding some of my issues from the past as well. These are some of the major things holding me back...Could you enlighten us as to any of the methods, practices, etc that were instrumental in your success in changing your mindset in trading? Was there a pivotal moment, event , or method that made the most change or a gradual change over many months /years and methods?

Thanks,

Wolf


I have been reading through some past journal posts and quoting here, with the reason being to do just what you are asking. I could just say, "go read it..." but there is a lot of crap in there too.

I would pick a topic, and dwell on it for a day or a week. Ask myself all kinds of questions about it, try to see it in a different way than I had before. I never let the issue rest until I thought I had moved forward, at least a little. Read the one about the cemetery bike ride and "fear". That post may not seem like that is what I was addressing, but that was the topic of the day that generated that journal post. And out of contemplating why I had fear in my trading, I got a lot of other answers.

The other one I posted recently about meditation, was more how I was so intensely focused on my study. It was truly my religion. And on that note, the biggest shift had to do with "faith", which grew into "knowing", which grew into confidence.

And above all, what I lacked last year was confidence. Not trading skills so much, mental skills.

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 GaryD 
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There was somewhat of a pivotal moment, but too much for right now. Sometime when I am not ready to get outside like I am right now. One more day and my month is complete, and I am running about 90% winning days so far. Two down, whatever that is. Will post a summary when it is over.

Zero losing days when I call trades, either on skype, on chat, in another group... I have discovered that I trade better when I am trying to explain to someone else, and that I tend to still play around some when I am not doing that.

A great example was today. I took a trade, got hit, then called someone on Skype to go over the mentor stuff. The reason I did not make the call before, on the initial trade, was I did not think it was a "great" trade. But after I got hit, I had a better feel by then, and then we nearly nailed the trades while the call was going on.

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 GaryD 
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 Big Mike 
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Patrick S View Post
Thats Great. One Month

Lets see your last year


GaryD
BLOW ME

Whatever the intent may have been behind these posts, however light or funny or etc, this is unacceptable behavior to me. Find another way that doesn't trigger multiple reported posts in my inbox next time.

Mike

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 GaryD 
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I guess not that far off the main road...

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 GaryD 
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Traderwolf View Post
Gary,

Was there a pivotal moment, event , or method


One of them


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 GaryD 
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Another


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 GaryD 
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more


GaryD View Post
My dog is the biggest wimp. Scared of everything, to the point where it makes her miss out on things.

Last night it was Chobani yogurt. She was obviously wanting some, so I tilted the cup towards her. As silly as it sounds, that freaks her out. But I have been working on that, and so at first she just backed away. "It's OK Piper." She came closer, tasted it, got tempted and ignored the perception of 'danger' for awhile. But then for no apparent reason backed away again. Then she growled at it. That was not enough, so she barked. Then she progressed to jumping and barking, then spinning in a tight circle, as if playing, but jumping and barking. The whole time I just held the cup still.

There it was, but she could not have it, because she was afraid of something. And in that moment I understood both of us a little better.


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 GaryD 
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etc.


GaryD View Post
Losing BIG is a normal part of trading. When it happens, decide if you did something wrong or not. If not, what can you do other than trade smaller? Or not trade at all. And if you did something wrong, figure out why. Not "what" so much, that is a lot easier to answer. Why.

A lot of times it is not that we don't know better. It is that we are wired in a manner that it is hard to listen to what we know. And resolving that issue is the critical element in this game.

Max down day/week/month are there not just to preserve your account, but to break the spell. It never hurts to take a week off, come back and trade very small the next week. Or a month off. Or a year. Would your world end if you simply stopped trading? Of course not, but if it ever feels like it would, you are headed for trouble. Trust me.

It is one of the toughest games in the world, and it is won one day at a time... by learning the market, and learning yourself. To pursue the path of trading shows a competitive spirit, and that same energy is often what takes us down.

Relax, be flexible, have patience.


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 GaryD 
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too many?


GaryD View Post
And because I have no idea where psychological things really come from, even though I may think at times that I do, and sometimes I do. I think this is journal-worthy.

My wife is nearly dead-set on getting a torso tattoo. I am not that into it, for her, because she is my wife. Not that I have not seen them on other women and thought they were sexy, but I do not require that my wife compete in order for me to love her. And so I accept her as she is, even to the point of wanting to defend it.

But, I accepted the fact that if she wants it; let it happen.

And have moved to a role of supporting and trying to discuss it deeper. Looking at images from internet searches and talking about them, what we like and don't like. And then I file them in folders marked things like "better". I bought a magazine called "Inked" in an airport recently, and then had to deal with a weird feeling related to and happening as I read it in the middle seat between two strangers for two hours.

So the timeline is; that I am accepting change. Uncomfortably maybe, but that is expected. But not just accepting, changing the response to getting excited about it.


That is what the market does.

That is what the market does.



The idea that a profit can be engineered in an environment that is not engineer-friendly... requires that we look inside. And I see that I am nowhere near as ready to change my mind as the market is. And I see that if I can bring the two thoughts closer together the more of an advantage it gives.

Jim Dalton mentions "nuances" . They are so rare to find and so priceless when you do. If you don't throw them out the first time or ten. But the ability to accept change at the same rate as the market in my opinion is one of them.


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 GaryD 
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it just keeps going @Traderwolf...


GaryD View Post
I got booted out for some reason. But before that I laughed so hard. I agree, a skull and crossbones is not pleasant to look at. Horrible marketing campaign. What will I do without a career as a writer or poster on futures.io (formerly BMT)?

But when I wear the shirt I am not looking at it. And that is what the market does.

Polite? Reasonable? Predictable? Sane? Is that what trading is?


Not that it is not identifiable, or classified. Those are different words. But the market is pure natural energy.

I read somewhere, being in the construction world, that we still do not truly understand what electricity is. We have learned to use it regardless. And the national electrical code is prooof that it is to be respected. And to me the markets are similar. With respect we can learn to use the energy for benefit, but never once think it can't knock you on your ass if you don't follow every code.

And, that reminds me of the best thing I ever heard from a planning official. "Necessity is the Mother of Interpretation."


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 GaryD 
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closing in


GaryD View Post

I think about ... how fast futures prices can change compared to something more tangible. Adding firepower to something already considered a myth. But it seems that is the final step. It is in the mind. It is against what the mind is designed to do. Why, knowing that, do people push on?

But, some do.

Humbled, beaten, ridiculed, to the edge of questioning their own sanity. To the point of, having a decision to make. Do you quit, or evolve?

Becoming a trader is related to the concept of evolution. The environment to survive in changes.

Some things that do not transfer;

1) It is not what you know, but who you know

2) Success comes to those who work hardest


It is Thursday night, my wife is off tomorrow, so it is our weekend, we are drinking, I am drawn to this journal to explain myself as to why it is ok to trade for a living. Psychologically, it does not make sense, really. There are so many more reliable options I am not even going to try to count.

Personality. Passion. Life.

I read a quasi-quote from a great trader in bonds, "Live by the sword, die by the sword." That IS what it is like, in some ways.

It is dedication, self discovery, persistance, deeper than anything anyone who has not been through it could understand.

Even the LOVE of it can be wrong.

The answer, is balance. Simple, Complicated.



and

"I am prolonging the pursuit of bad behavior. "

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 GaryD 
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"My two biggest problems related to trading;

1) Not holding a runner (dealing with uncertainty)
2) Whatever that other thing is. "

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 GaryD 
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"In trading there is nothing to make happen. No amount of money, no superior degree of negotiating, no number of hours... there is no "problem" to fix. The market is never wrong.*

Being still, listening, waiting, pausing, watching, digesting, resting. And then being ready to strike without hesitation or doubt. And then being ready to change your mind if the situation changes, staying open to listening, watching..."

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 GaryD 
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"The cure to all is balance. Center. But we all swing away from center on some path, closer or wider, circular or linear, violent or subtle. And that is normal. The goal then, if looking for balance, seems like it would be to reduce the path of travel. But possibly balance is obtained by increasing acceptance of the volatility."



And that is what so many traders do wrong. Attempt to find a "system" that makes trading feel more believable. Attempt to engineer an entry with a 5-10 tick stop. Allow themselves to put unreasonable*limitations*on profit expectancy. Hold the belief that the way to win is to be right more often than wrong... In other words, attempt to "tame" the market.*

But the opportunity exists in the appreciation of it being wild. Not without respect of course, without which, ego has taken control.

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 GaryD 
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"We spend so much study in the pursuit of perfecting our trade that we ignore what makes trading successful;

#1 - What is happening?

#2 - What, as a result of #1, is most like to happen next?

#3a - If the odds of the net of #2 are only 25%, is your target at least 8x risk?

#3b - If the odds of #2 are 80%, are you comfortable with the thought of 1.2x risk to 1x reward?

#3c - If you answered yes to #3a or #3b, do you have the patience to prove it after you are in the trade?


And if you really get this post, you are closer than most. "


"You are a lion in Africa. You eat other animals. Each one has a certain weight, maximum running speed, number of population, intelligence.... And statistically you could determine your odds of eating or starving. I spent some time in Africa, and never did find a lion with a calculator... But I saw some fat lions.

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 GaryD 
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3/13/13 - "I should document that I have gone back to something I used to do in sim, and that is to see how long it takes to double an account with acceptable drawdowns. It is not something I think about daily, and the account size is not large, as I struggled intensely psychologically with the concept of size. But this is the first time I have tried this exercise in a long time. I needed to take a step back, stop pushing so hard, and at the same time it is a step forward. It is a task I did in sim enough times to believe in it, and by going backwards in practice I feel relaxed, can laugh at a loss, can maintain expectancy of the next win, etc.

It is not as dangerous as it may sound. It is a place of calm."

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 GaryD 
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2/2/13 - "I have gone through so many variations of trades purely rule-based, to indicator-based, to chart analysis-based, to intuition-based...built spreadsheets like crazy, backtested...*

And all have merit...

But I remain a proponent of the human factor, and based on where my mind is right now, I am working my trades to exercise myself psychologically. Confidence & uncertainty play a much higher role to me than indicators or probabilities.

I have come to believe that the math is only needed to form the belief, or track the path. But ultimately, the math is just another lagging indicator. "

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 GaryD 
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"...money is out there, all around, moving, breathing... So what? Relax. "

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 GaryD 
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That major blast of posts was trying to answer @Traderwolf's question.

That was the thought process leading up to the true "turn", which I truly believe had to do with realizing I was having regular conversations with guys who actually did trade for a living.

This is an email I sent, from where I was just starting to catch onto this;



"For someone outside of (the professional trading) world, believing there are guys who trade for a living, not just teach trading for a living, is kind of like believing in any other fantasy being. Unicorns, leprechauns, Santa Claus...

Of course, blowing up my first few accounts does not help things, but my wife said to me once as we were discussing me studying trading, "Gary, I know you are working very hard at this, but at some point you have to realize that it is not real".

As a self-taught trader, it can feel that way sometimes.

But I have a lot of tenacity, a lot of belief in myself, and just kept learning. By the time I discovered futures.io (formerly BMT) I was making money on a regular basis, but still not sure why. Lucky streak maybe?

And I decided to push myself into trading for a living, but somehow the pressure of that thought made some imperceptible change that caused me to make money, then give it back, over and over. The need to make money, combined with a lot of reminders of past failure related to my real estate career. The greatest impact being when I moved back into my "last" house, an oasis that I spent over a year and over a million on.

So I quit for about 4 months. Did not open a single chart, got my head back together, sold that house, and came back fresh.

And that is when I recognized something that I had missed before. You were Santa Claus! "



It became "real" in my mind so solidly, almost in a few days time. And I started to realize, I was just lost in my own journaling, and not truly trading the way I thought I should after everything I had learned. So one day, I just decided, I was ready. I turned 45 on July 26th, made my decision that day, chose August 1st as my "official" start date, and started trading like the trader that I had become. Doubled the starting equity (as I had practiced many times before in simulation) in roughly 2 weeks, and still moving forward at somewhere near that pace.

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 GaryD 
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Traderwolf View Post
Could you enlighten us as to any of the methods, practices, etc that were instrumental in your success in changing your mindset in trading? Was there a pivotal moment, event , or method that made the most change or a gradual change over many months /years and methods?


Did that explain what you were looking for?

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 iqgod 
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GaryD View Post
Did that explain what you were looking for?

To me, and for me, yes!

As a friendly piece off advice to all those who are reading, Gary's latest posts are an exceedingly clear look at the process of becoming a trader. The advice is that I found it helpful to read the posts and assemble the pieces in the head till it makes so much sense that you ask 'Why didn't I think of this earlier!'. The simplicity of trading well is astonishing - the futures magician pulls the rabbit out of the hat in front of everybody's eyes, and making money in the markets is a simple process - simplicity is painful, placing ego outside the block really makes us perceive the true messes most of us are, and being able to handle ourselves - the 'knowing' part exposes us to ourselves and the acceptance makes the hard decisions fearless and detached from external goals like 'making money'.

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 Traderwolf 
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GaryD View Post
Did that explain what you were looking for?


Gary,


Thanks! Yes.. I think it does to some degree.. I guess I was hoping the answer would be simpler, but in fact it will be very different for each of us based on who were are, what we have become, and our own personal phobias, paradigms, and beliefs about money , security, trading , and life.. Thanks for sharing.

Wolf

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 HiDiHoDave 
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The Hebrew Lawgiver, slow of speech, despaired of making the people understand what should be revealed to him. When, led by wisdom to cast down his rod, he saw it become a serpent, Moses fled before it: but wisdom encouraged him to come back and handle the serpent, and then Moses' fear departed.

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Traderwolf View Post
I guess I was hoping the answer would be simpler...

We all were.

After you have read as many books as you can, learned every chart pattern, played with every indicator, backtested yourself silly... then what?

I have played a lot of sports, but I don't watch sports on TV. But I do catch enough on TV to know the names and a little about a few of the superstars. I have used an analogy of Tiger Woods before, and how he could most likely pick up a cheap set of clubs at a garage sale and still beat any of us using the best set of clubs available. And yes, it is partly because he put in so much practice, partly because he was dedicated and determined and driven. But what is that last ingredient that causes a few to excel beyond the normal bell curve?

Sir @Deucalion still has my vote for the best word that sent me down the correct path. "Visceral". I understood it wrong for another year or two, thinking it was something about endurance or strength or battle or wits. Then finally started to see, it was just about "being". The lion does not go to war, he does not live to kill, he just eats. He sees nothing unusual about his life, it is just the world he lives in.

Notice my bold comments never mention an indicator, or volume, or trend, or profit targets, or stop losses, or market profile, game theory, wave structure, support and resistance, supply and demand, long or short...

The markets are not doing anything unusual, it is just what they do. They will not be tamed, none of us is powerful enough. But they can be ridden. You need skills, you need experience, you need an ability to listen to what they are saying, you need to be able to change your opinion at the same speed that they do, and you need to believe in yourself.

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 GaryD 
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CL took quite a trip overnight, wow. From 110 something in Y RTH to 106 something in Asian, and back to the middle. Balance.

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 GaryD 
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Saudi Arabia Goest To "DefCon 2" | Zero Hedge


It ain't over til it's over

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 kvankuren 
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@GaryD...nice diggs...irreverence i get....and thought this was interesting;
Crude is part of the definition...

Visceral - Definition and More from the Free Merriam-Webster Dictionary

vis·cer·al adjective \ˈvi-sə-rəl, ˈvis-rəl\

Definition of VISCERAL

1
: felt in or as if in the internal organs of the body : deep <a visceral conviction>

2
: not intellectual : instinctive, unreasoning <visceral drives>

3
: dealing with crude or elemental emotions : earthy <a visceral novel>

4
: of, relating to, or located on or among the viscera : splanchnic <visceral organs>

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 GaryD 
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TGIF - tough day though


I had mentioned to another trader that I was a buyer today, but expecting to see both ends of stops run. The entry confirmation was the inverted H&S off the demand zone.

And the "demand zone" is something new I am playing with.

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 GaryD 
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That 15m bar is too much for me. Gave some back, net 80 ticks.

Just obliterated my stop... lol, wow.

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 GaryD 
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An "Efficient" "Illiquid" "Market" Responds To Kerry's Words | Zero Hedge

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 GaryD 
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All that craziness, only to finish inside the range of the opening 5 minutes of the day... Very tough day to trade. After that major whipsaw, I was not touching that burner again...








But, I survived the month and it is FRIIIDAAAY!!!


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 GaryD 
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Month one, over and done. Now I have a base for reference to see if I improve, get worse. It was not an incredible record, I have seen other guys who just blow me away. But they don't have any money in my account, and I am getting better every year.

I will go through my broker's statements this weekend to determine equity gain after expenses, not into it right now. I have beer to drink.

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 GaryD 
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kvankuren View Post
@GaryD...nice diggs...irreverence i get....and thought this was interesting;
Crude is part of the definition...

Visceral - Definition and More from the Free Merriam-Webster Dictionary

vis·cer·al adjective \ˈvi-sə-rəl, ˈvis-rəl\

Definition of VISCERAL

1
: felt in or as if in the internal organs of the body : deep <a visceral conviction>

2
: not intellectual : instinctive, unreasoning <visceral drives>

3
: dealing with crude or elemental emotions : earthy <a visceral novel>

4
: of, relating to, or located on or among the viscera : splanchnic <visceral organs>


After Sir D said that, I had to look it up too. One of those words you kind of know, but needed to really know at that moment.

"Crude emotions"... it sure was emotional today!

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 GaryD 
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206.67% after expenses



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 GaryD 
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Just joined Asia On The Bid recently. It is not as easy to figure out as futures.io (formerly BMT), but I am still interested in exploring other time zone markets. While I am studying forex I figured I could add some more options. I'd like to have multiple windows of opportunity if I am going to trade for a living.


alias "DragonG"




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Sayounara
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206.67% after expenses




Thank you, Gary, for posing your trading results.

my biggest problem in trading is that I couldn't accept losing days. every time when one happened I had to figure out a way to turn it green by altering my trading method. but no matter how I managed it sooner or later I'd have another losing day, and had to repeat the whole process again. I had been doing this for almost a year now, and so far I haven't been able to come up with a trading approach that never loses :-(

intellectually I know that I've been on a fool's errand, and I figured that the best antidote for me was to stick to a well-defined approach for at least a month and then analyse the actual trading results. but whenever a losing day happens I just couldn't help myself from tinkering my trading approach. for some reason I believed that a winning method would make money everyday otherwise it should be just scrapped.

it helps so much to see from a credible source that losing days does not invalidate a winning approach. you had a few losing days, and your biggest losing day was greater than your biggest winning day, i'd have been crushed by that, but you obviously just brushed it off and kept doing what you believed in and the end result spoke for itself.

congratulations for a spectacular month. I've decided not to trade CL from now on, in case you take all my money from me. :-)

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 xiaosi 
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Well done on a solid first month Gary and thanks again for the time spent with me last night, from across the globe!

Enjoy your well earned long weekend!

XS

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 lifeguardsteve88 
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Hi Gary,

First, let me say thank you for all your posts- enjoyable and informative reading for sure. I may have missed it, but which platform are you using for testing out Forex with FXCM? have you had a peek at their Mirror Trader platform by any chance? And if so, any comments on it?

Thanks!

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 lrfsdad 
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Sayounara View Post
Thank you, Gary, for posing your trading results.

my biggest problem in trading is that I couldn't accept losing days. every time when one happened I had to figure out a way to turn it green by altering my trading method. but no matter how I managed it sooner or later I'd have another losing day, and had to repeat the whole process again. I had been doing this for almost a year now, and so far I haven't been able to come up with a trading approach that never loses :-(

intellectually I know that I've been on a fool's errand, and I figured that the best antidote for me was to stick to a well-defined approach for at least a month and then analyse the actual trading results. but whenever a losing day happens I just couldn't help myself from tinkering my trading approach. for some reason I believed that a winning method would make money everyday otherwise it should be just scrapped.

it helps so much to see from a credible source that losing days does not invalidate a winning approach. you had a few losing days, and your biggest losing day was greater than your biggest winning day, i'd have been crushed by that, but you obviously just brushed it off and kept doing what you believed in and the end result spoke for itself.

congratulations for a spectacular month. I've decided not to trade CL from now on, in case you take all my money from me. :-)

Very well said!

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 GaryD 
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Sayounara View Post
Thank you, Gary, for posing your trading results.

my biggest problem in trading is that I couldn't accept losing days. every time when one happened I had to figure out a way to turn it green by altering my trading method. but no matter how I managed it sooner or later I'd have another losing day, and had to repeat the whole process again. I had been doing this for almost a year now, and so far I haven't been able to come up with a trading approach that never loses :-(

intellectually I know that I've been on a fool's errand, and I figured that the best antidote for me was to stick to a well-defined approach for at least a month and then analyse the actual trading results. but whenever a losing day happens I just couldn't help myself from tinkering my trading approach. for some reason I believed that a winning method would make money everyday otherwise it should be just scrapped.

it helps so much to see from a credible source that losing days does not invalidate a winning approach. you had a few losing days, and your biggest losing day was greater than your biggest winning day, i'd have been crushed by that, but you obviously just brushed it off and kept doing what you believed in and the end result spoke for itself.

congratulations for a spectacular month. I've decided not to trade CL from now on, in case you take all my money from me. :-)


I have a "max down", but not a "max up" I quit if I have a decent win. I know I am almost always good for one decent trade per day. Sometimes I get it at the open, and may end my day by 10am, other times I poke at it all day, waiting for that one move that takes.

If I start out down, I get more conservative relative to what I was doing before until I get my loss back under control. For example, if I took a $300 hit, I look for opportunities to repair that equity damage, even if it is only $50 here and there. That gives me more room to go for another trade. And if I am wrong about a market three times in a row in a session, I am done for the day.

Some traders go for high percentage wins, but allow a trade to move against them and hold through it. If it comes back, it does not show as a losing trade on their statistics. My win percentage is only 50% mostly because I will drop a trade very fast. I know I can make up a small loss easier than a large one, I know that if I get enough shots at it I will eventually find what I was looking for. And my rules about losses and max down allow me to "stay in the game" until I do. I view my percentage wins as each day is a "trade", so my belief says I have 90% wins.

That may be me telling myself what I want to believe. But, I have had 90% wins as far as the trade platform reports it, and still been upside down at the end of the day due to small targets, commissions, and one decent hit. What really matters is not how much you make, but how much you keep.

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 GaryD 
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lifeguardsteve88 View Post
Hi Gary,

First, let me say thank you for all your posts- enjoyable and informative reading for sure. I may have missed it, but which platform are you using for testing out Forex with FXCM? have you had a peek at their Mirror Trader platform by any chance? And if so, any comments on it?

Thanks!

It took a couple weeks between the platform and the broker, but they stayed at it and have allowed me to use Sierra with FXCM to trade forex. I looked at the other platforms, and traded live on MT4 some, but I really like Sierra. I am still tweaking a few things, and one negative is SC does not seem to have a function that calculates available margin, which matters when you trade a $200 starting balance. But I spoke with FXCM about it and we came up with a temporary fix. Also, I use an Account Balance indicator instead of the SC window, and it does not read anything after it receives the starting balance of the day, so something is not communicating on that indicator, and that says there may be other issues I discover.

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 GaryD 
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Another thought that I may not have shared. I came back to trading this year with almost zero concern about being profitable. I saw it as a "live practice" field, and the purpose was;

1) To see how I FELT in various conditions
2) To observe how I RESPONDED
3) To feel out what I was CAPABLE of
4) To work on any CHANGES that I thought were required


I doubled the account, then drew it down, then brought it up, then ran it down. I added funds even.

I did not care as long as there was something in that account to trade with. That wound up being my final EXERCISE before I made the claim to go full time. It was great to not be concerned with losses, it was great to be allowed to push as hard as I wanted to. I started to drop a lot of the baggage that causes us to trade scared.

When I felt I was ready, practice was over, and this was the time to pull everything together that I had learned over the past 5 years into a single comprehensive approach, one that fit me and my psychology, and knowing now that play time is over, that I have put in so much work to get to this point, and the outcome is all on me. So far, I have had one instance where I had to get up and walk away. But I recognized it very fast, because I had practiced allowing it to happen. Intentionally.

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 GaryD 
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If I was going to make it, I had to get back in touch with whatever caused my melt down last year. I would have thought the thing was to avoid that, to deny it access to my trading. But shoving emotions down only works for so long. And just dragging them out and working through them was not enough. It had to also be while I was trading, if I was going to be sure I closed or rearranged that brain gate.

So I allowed myself to run free somewhat, figuring it would come out eventually. And it did in a decent drawdown just this year. And I felt like I had succeeded, and just sat there in that feeling, allowing it to be ok.


That is why the last thread got so silly at times, why I was not sure if I should even call it a "journal". It was just a place for me to be while I played around, waiting. And once I found it, dealt with it, found it again... I just kept doing it until I could see it coming, until it had no control anymore. And then I started this thread.

And changed my avatar. I had been a pirate during that transition, an image I felt was appropriate for searching out something so dangerous, but with a great treasure if I succeeded. Something representative of my disregard for following the "normal" path.






I had tried that already, but it did not quite get me to face the scariest parts of the journey. It caused me to want to control them, not eliminate them.

I had a fear of flying years ago. Being able to control that well enough to get on a plane was completely different than not having the fear at all.

"Discipline" is misleading sometimes, and I believe a poor substitute for "Knowing".

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 GaryD 
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I tried to get @josh to be the pirate... lol

I really just wanted to be the frog... but I was not there yet.





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 GaryD 
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Sayounara View Post
my biggest problem in trading is that I couldn't accept losing days.


Think of it as any other sport. A team does not have to win every single game to win the Super Bowl. A boxer does not have to completely avoid getting hit. A driver does not have to stay in the lead for every lap. You just need to be in the right place at the right time when the game or the season ends.

Think of it as a game show. In trading, you get to decide when it ends. Deal or no deal? Do you want what you have, or what is behind door #2? (that one is old school)

Hypothetical ending stats of a football game. Team A scored 5 times. Team B scored 3 times. Team B won. Team B played such good defense, that Team A was only able to get close enough for field goals. 5 scores x 3 points = 15. Team B played such good offense that they made 3 touchdowns.

There are so many ways you can decide to view what you need to view to make your style of trading work for you.

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 lifeguardsteve88 
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GaryD View Post
It took a couple weeks between the platform and the broker, but they stayed at it and have allowed me to use Sierra with FXCM to trade forex. I looked at the other platforms, and traded live on MT4 some, but I really like Sierra. I am still tweaking a few things, and one negative is SC does not seem to have a function that calculates available margin, which matters when you trade a $200 starting balance. But I spoke with FXCM about it and we came up with a temporary fix. Also, I use an Account Balance indicator instead of the SC window, and it does not read anything after it receives the starting balance of the day, so something is not communicating on that indicator, and that says there may be other issues I discover.

Thanks for the info, and I look forward to hearing about your experiences with getting into forex. I'm just starting out in trading and have taken FT71's advice to begin live trading in the micro futures instruments as a learning tool. Being that the M6E is the only micro that trades enough to be usable, I'm looking to add a small FXMC account to my mix in order to learn more about currency trading in an affordable way. Thanks again for all the great posts.

Cheers!

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 GaryD 
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Patrick S View Post
That's Great. One Month. Lets see your last year


What do we have that we can affect, other than NOW?

Even one day, matters.

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 GaryD 
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This was another major understanding along the way. And it may sound weird, but I got more out of watching that one guy surf possibly than out of any of the other realizations. That was not just thrown in there for filler. Surfers wait for their moment, if they miss, they just paddle back and wait for the next. Surfing is often more waiting than it is riding. And while the other surfers were having a hard time with their fancy and expensive boards, trying and failing to catch one with far too many attempts, this old guy knew that his duct-taped longboard was the right way to approach the day, and almost never missed when he started to paddle on. He had been in that situation so many times before.



July 17th, 2012



GaryD View Post
I may be understanding something about trading that I did not get before. I have been going through a questioning of myself for months now regarding the logic behind, how does a trader scale up wihtout thinking about the money? Why scale up if it is not about money? And, how to keep the connection between scaling up and money from affecting my trade psychology.

I'm not saying I am there, but not saying I'm not... but at some point, the drive behind trading isn't money, at all. It is a way of life.

What I regret about all my financial losses of the past is not that I lost money. It is, that I lost a way of being, or maybe even, a way of feeling.

I was never intending to be an elitist, never even saw myself experiencing the level of success that I previously had. I just worked hard, did the right thing, and money just came. But somehow along that path I came to see myself as someone who had money. The reward for doing the right thing traded places with the goal of doing the right thing... and presto, my goal was money.

It sneaks in on you, starting as a sense of pride and accomplishment, and then makes it's presence more and more known as time passes... from the amount of money that had collected around me... in my bank accounts, lines of credit, financial statements... and also in the fact that other people who also had money were wanting to associate with me, banks were competing to loan to me, taking me to lunch, inviting me to vacations... Even simpler things, like how I viewed what was a reasonable car or house payment, or how much the dinner bill was at the types of restaurants we had become accustomed to... all started to shape the view of what my life was.

When I trade size my results are not worth doing yet. Something changes and I am no longer in touch with what the market is telling me. I don't want to listen when the stakes are raised, I just hope that I am right. Whlle in the 1-2 contract range, I almost never have a losing day. If I had one a week that would be high.

The good news is on trading one contract, I have focused on learning to expect 100-200 ticks a week. Yes I know, it nearly kills me that I know, that that amount is unusually high, and that just going to 5-10 contracts would be a huge change in value. HUGE. But at that moment, my focus becomes "how much can I make" as opposed to "how well can I trade". I have done meditations, visualizations, pep talks, deep breaths, mathematical studies... It does not matter as I am trying to make a change because, I think I want more money. But when I really think about it, with no one asking me "why?", I am not sure that I do want more money. I think what I want, is a certain feeling back.

I went through many rough times while making way more money than I needed. Money is not what brings happiness. Happiness is a state of mind. I have been nearly torturing myself at times to force myself to trade heavier, but for what?

I see my lack of ability to do that as a weakness, and believe that I should be able to work through that weakness with concentrated effort and discipline. And I should. But trading heavy also brings risk, and there comes a point where I have to ask myself, is making more worth risking more? My initial response is yes. But there is nothing really driving me to have more other than; I believe I should make more, because I believe I should want to make more, because I previously had more...

But really, deep down, maybe I don't believe any of that really matters anymore.

I enjoy trading. I hated it at first, I saw it as one of the hardest most frustrating pursuits and questioned my sanity for even continuing to put in 80 hours a week at it... but would not quit and knew that I could figure it out. I have figured it out, actually, in my own way. I know what works for me and what doesn't, I know how I interact and interpret, I know that I can trade profitably... as long as I am not concerned with how much...


I have these long talks with my wife, which sometimes she may not actually be listening, but lately I get the feeling she is listening more. She did not want to talk about trading. No one I know wants to. Maybe I don't even want to. But this past week as we were having drinks at a bar perched out on a pier jutting into the Atlantic, watching the real surfers do their thing, one guy with a longboard, probably 60+ years old, catching waves better than a lot of the kids... I told her trading was not really what I was talking about anyway. I was talking about life, and perception, and questioning my future, and wondering what I wanted to do with the rest of my life, how it felt to have had to start over, what happened to my sense of value?


I am good enough at reading a market today that I rarely have times where I just see chaos. I may not be looking at the market from the right perspective always, but I can also typically still understand what is happening as an alternate. The markets give me plenty of opportunities to feel validated about my analysis, and those are starting to accumulate and feel good. I knew when CL crossed a certain point today, I think around 88.80 or so, that it was going to take out 89.30. I nearly knew.

I did not trade it, because of an issue I still have with missing a trade, but there was some deposit made to my self valuation account just by knowing not to short it until it did.

Sounds insane to type it, why not buy? The answer of the moment is, I felt no need to at that point. I feel better trading my plan for the day, and know I will have a better chance at reading things if I don't try to switch gears too quickly. Shifting fast enough to say "stop", but not "go", is still a win to me. Psychologically... And the not needing to be in is not a bad feeling.

How I got this far from where I started I don't know. Sometimes I just start to type and go with it.

The point is, I am about to go to trading full time, and am starting to see my reason for doing so may be different than what I always assumed it would be. And maybe even, better? I don't want money necessarily, I want something that I can be good at, do the right things and the money will come. That is how my mind works when I remove all the other things that seem like what I "should" want.

Pride in myself, peace with myself, confidence... Knowing I can pay the bills does not hurt, but I am not afraid of that.

First, I can make money if I trade at a size I am comfortable in. So what if it is less than what I thought I should make. And second, futures trading does not require that much size to make a decent amount, depending on the average swing size, and in a market where the ATR gives enough opportunity, relaxing can make more than leverage.

What I am afraid of is failing again, on a larger perspective. And I think that is the issue to scaling up. It is easier to fail. And so my fight-or-flight mechanism kicks in while I am in the trade, knowing that fact. And maybe it should kick in. I have been beat enough, maybe. OK, yes, I am scared of size right now. That will probably change though.

I bought a mountain bike when I was about 22, knew nothing about it, and went out with a guy who was an expert. I was clumsy, falling all over the place. He rode down things I said I would never consider. ( BTW he had lost his spleen in a bike accident). At the end of the ride as we were talking in the parking lot, loading back up, he said, "Don't look so hard at what you are going over right in front of you, you'll freeze up, it won't feel natural. Just keep your eyes focused futher down the path, think about controlling your speed, and you'll do much better". 10 years later I was leaving all my friends behind as I rode the toughest of the expert trails. One we called "The Vortex" that was designed to break your wrists... I loved that one.

If trading is what I am going to do for a living, there are years ahead of me, there is no requirement to ride the expert trails, or take the large risks. I need to just keep my eyes focused further down the path, control my speed, and have fun. Trade to a size where I ENJOY it. Who am I competing with anyway? Me? I know today, me against myself, I can probably win with less leverage. I feel happy and relaxed about it. Not so worried about what is right in front of me.

Quality versus quantity. Relaxation versus stress. Happiness versus...money.


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 kevinkdog   is a Vendor
 
 
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GaryD View Post
206.67% after expenses



Excellent month Gary. Is the 206% an annualized number, or the number just for the month?

Either way, great job and I hope your success continues!

Kevin

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Sayounara
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GaryD View Post
Think of it as any other sport. A team does not have to win every single game to win the Super Bowl. A boxer does not have to completely avoid getting hit. A driver does not have to stay in the lead for every lap. You just need to be in the right place at the right time when the game or the season ends.

Think of it as a game show. In trading, you get to decide when it ends. Deal or no deal? Do you want what you have, or what is behind door #2? (that one is old school)

Hypothetical ending stats of a football game. Team A scored 5 times. Team B scored 3 times. Team B won. Team B played such good defense, that Team A was only able to get close enough for field goals. 5 scores x 3 points = 15. Team B played such good offense that they made 3 touchdowns.

There are so many ways you can decide to view what you need to view to make your style of trading work for you.

your words make perfect sense. I understand them completely but still lack the conviction to incorporate them into my trading. because I've never won the super bowl by playing through the tournaments, I'd have tried to switch to other teams after a losing game, and I've never kept trading a method consistently long enough to be able to gain the conviction.

but your post has changed that. although it's not my own trading results, I'm convinced that it's ok to have losing days and still come out well ahead. it's not certain how this conviction will change the way I trade. but I'm pretty sure about one thing, for the first time in my trading career, I'm believing something. and this belief gives me strength to continue my own journey. sometimes a good teacher doesn't have to show exactly how something is done, he only needs to let his students see what is possible/achievable.

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 GaryD 
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kevinkdog View Post
Excellent month Gary. Is the 206% an annualized number, or the number just for the month?

Either way, great job and I hope your success continues!

Kevin


That remains to be seen...

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 GaryD 
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Sayounara View Post
your words make perfect sense. "See what is possible/achievable".

exactly

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 GaryD 
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"If you are not afraid of dying, there is nothing you cannot achieve.” - Lao Tzu


If you are not afraid of being wrong...

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 josh 
Georgia, US
 
Experience: None
Platform: SC
Broker: AMP+CQG
Trading: ES, HSI, Nikkei
 
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Patrick S View Post
Lets see your last year

You could learn a lot from his last year, or from his last month.

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 Massive l 
Legendary Market Wizard
Portland, OR
 
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Great work, Gary. Keep it going! Keep the focus strong.

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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
 
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GaryD View Post
He lit me up tonight, then went right back to napping in my lap. Blood slowly forming a drop off my finger, I admired that, and petted him. He was feral, still is to some degree. But he is reasonable. LOL!!!!


My cat is kind of like me...




BTW, "Short Squeeze" may be about to grow into his permanent name soon. We are closing in on it. He is our 5th cat in 25 years, the first male cat we have had.

He will not be dissuaded from anything he decides he is doing.

At just a few months old, has put the local dogs in their place. Then he stalks them, waiting for that moment to nail them and run before they know what happened. Ninja style.

He allows me to work at his trade desk, as long as when I eat, he gets some. And he is always starving. The vet says going to be a huge cat. Very long.

He loves to be on me, but will not be held for anything.

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