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Recipe for Profit
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Recipe for Profit

  #1 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,130 since Feb 2012
Thanks: 3,791 given, 7,660 received
Forum Reputation: Legendary

Recipe for Profit

……….………………
…..R………………...
………E…………….
……….…L………….
……….……A……….
……….………X…….
……….………….!….
……….………………

Resolution for above enigm:
A trader is looking for winning more than loosing within his precious trading time.

This means regarding that pic:
1) Collect the POINTS and
2) Relax!
Either before taking a trade, realizing a loss or at best taking a profit...

Think of relaxing within every period of a trading session.
And YES - relaxing time may be THE essential part of a trading journey.
And after... :-)

What is YOUR path to profit?

Curious about it.

GFIs1

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  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,130 since Feb 2012
Thanks: 3,791 given, 7,660 received
Forum Reputation: Legendary

What if..


What if we are not relaxed:

1) we are taking wrong decisions
2) we may overtrade or revenge trade
3) etc...

There are so many tremendous threads on this forum (thanks to BigMike
and all the contributors)

In my experience the most important point from trading is:

*** Trade your plan - not your money! ***

It is not important to HAVE an "edge" already - but to DEVELOP one.

GFIs1

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  #4 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,130 since Feb 2012
Thanks: 3,791 given, 7,660 received
Forum Reputation: Legendary

ok...
for the purist chartists on futures.io (formerly BMT) I changed the enigm to

……….………………
……….………….!….
……….………X…….
……….……A……….
……….…L………….
………E…………….
…..R………………...
……….………………

Here we go ;-)

GFIs1

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  #5 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,130 since Feb 2012
Thanks: 3,791 given, 7,660 received
Forum Reputation: Legendary

Why are we traders?

The big "flip coin" discussion in some active threads here do not answer this question.

1) Market is NOT random. Market is pushed by humans - not by coincidence.
2) Movement on any instrument is the SUM of all traders decisions at that very moment.
3) To be a longterm winner in this game we need to get a precise big picture of the traded
instrument and we need to develop a feeling for the unique rhythm of that instrument.

In a casino the the outcome is based on the randomness which you can describe with
some mathematical and statistical analysis. As a casino player you need to control
your bets by money management. Thats all and has little attraction for a real trader.
Per saldo you can not win longterm as a better on lotto or casino events.

I am glad that the markets (future markets in my case) do not compare nor compete with a casino.
That is WHY I am a trader.

GFIs1

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The following user says Thank You to GFIs1 for this post:
 
  #6 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,130 since Feb 2012
Thanks: 3,791 given, 7,660 received
Forum Reputation: Legendary

Holy Grail found?

Yes - found! On the Internet.
In a forum?
No - on Youtoube!
Made five backups in case i miss one.

Thanks - so glad that we now get THE RECIPE for free:

Holy Grail Trading Method - YouTube

As always being taught: There is No Free Lunch

GFIs1

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