I am willing to bet that BS goes a lot further than NLP.
You think when a trader is using his capital to come and take out stops he is using NLP? No, he is using BS.
Your own broker is front running you(indirectly) and that doesn't require NLP, it's BS.
Fact is, the more you search for things like this and try to relate it to Trading, the more you will be exploited.
Here is all you need to know in my opinion. When you lose, suck it up. When you make money, thrive on the confidence and get big. Manage your risk, and stop whining and crying.
Trading 1-3 lots is all well and good, but you will never know the power and joy of truly working a tape. I contend that the members of this board, would be FAR better served using their capital collectively with a good software which can work the tape on a thin market.
You all crack me up as I listen to you get Oprah. Don't get me wrong, I appreciate your struggle, but do you hear yourselves?
Save NLP and the like for your personal life and don't expect it to do much for you in trading.
You think Mike Milken was using NLP when he was smash and grabbing the junk bond market? Don't buy into this nonsense. Douglas had it right. Keep it simple and apply his exercise and stop getting all Oprah.
Thank you for your input. I believe that expressing your own opinion is always important . If not for the crowd, always for the sender him/herself. If you find the information in this forum or in the posts you're commenting on, to inspire a breath of your so called BS. Please do us a favour and explain it in a constructive and explicit way. If not for the crowd, give yourself a fair chance and take the opportunity in order to confess towards yourself.
So please, go on and be constructive.
If you chose to be constructive and adopt the mentality of this forum which is "traders helping traders", you're mostly welcome! If not, -Don't get me wrong- there are zillions of other places where you can get yourself a crowd that'll love you!
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If you read my post, then you will see I did indeed provide examples which help to explain the foundation of my opinion.
I'm a positive person. While it appears you do not appreciate my approach, my content is as valid as your post. From what I can tell, you and the original poster (see his Amazon Affiliate number in the URL) were simply spamming for some self-help program. My suggestion didn't advertise for anyone, nor does it cost any money to follow.
I too welcome your opinion.
A stuggling trader can get as much, if not more, from my post as from your post. Again, keep it simple. 90% of winning in trading is simply discipline. You can buy all the books you want, if you don't have discipline, then you SHOULD NOT TRADE. And, DO NOT TRY TO GAIN YOUR DISCIPLINE THROUGH TRADING. Gain your discipline with something that does not consist of you losing money in order to find out if you are learning or not.
The way I see it, if we were talking about alcohol addiction, you would be recommending a treatment center or AA, whereas I am recommending that one should simply stop drinking. If you can't stop drinking, then it's probably not a good idea to work in the liquor industry.
My post was constructive. The orginal poster and yourself were both pumping products for traders who may otherwise be desperate and reaching out for something to take their pain away. What's next? Praying and trading? Should we allow posters to recruit for their churches and sell their trading systems?
The truth hurts. Maybe I helped you and you don't even know it ;-)
In closing, last time I checked, this was "BigMikeTrading" and not "BigGeorgeTrading". I don't think he would appreciate you asking his members to seek spending their time elsewhere based on YOU opinion of what YOU think is right or wrong for readers. Seriously, lose the self-righteous nonsense. It doesn't play well and can also lead to losses in the market as it is a by-product of needing to be right ;-)
I do appreciate your post, and I'm grateful for every input sent to my address, but once again I'm asking you kindly to change your tone! IF you want to be part of this community then I highly suggest that you take your time and read whatever you need to be reading in order to get rid of your impulsiveness and get constructive and explicit. And NO keep it simple is not enough, after all we're not trying to reinvent the wheel here.
I would like for i.e. to see you approach the subject by explaining how to get that simple discipline you're mentioning.
t2w, you are wrong about this. George is a moderator appointed by me to be a leader of the forums and no one was doing anything wrong (until your post). I will take the rest of message to you in private.
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.
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As per George's request, I am going to write down my simple approach for maintaining discipline.
Below is MY OPINION. It is not right or wrong, rather it is RIGHT TO ME.
1. The first and most important aspect of maintaining discipline is to recognize the importance of discipline. If you don't consider discipline as THE MOST IMPORTANT ASPECT OF TRADING, then don't read further. It will be a waste of your time.
2. If you understand and agree with 1, then you are more than half way to success as a trader and you are already ahead of 90% of the field.
3. Going forward, is not in any specific order, adjust to your liking.
A) Define your edge. It can be anything, but it should be something that you believe in and have the confidence to execute.
B) Upon A, then you must define your approach. How will you trade your edge. Break it down, keep it simple.
b1) time to trade
b2) amount to trade
b3) amount to risk
b4) how many trades per day/week/month/year
b5) what market(s) to trade.
It is not as important to be perfect here and this can be anything you want. Essentially the goal is to isolate all the variables for your model. The idea is to avoid the need to make a decision other than what is pre-defined.
If you are reading this forum, you probably have most of this.
C) After you define B, after you get your "plan", then write it out simply to the point that an 11 year old could trade it with your instruction. As a matter of fact, if you have an 11 year old, have him/her do this for you. You will probably make more money.
D) You are now ready to trade. If at anytime you break your rule, then you are a loser. You are a loser because you will lose. If you have to ask how to keep from breaking your rules, I would say by not trading. It's a simple model. If you make it anything other than that, then you are going into to the realm of esoteric thinking and mental masturbation.
This is not to say you should explore your reasons for lack of discipline, but I recommend doing so outside of the trading world. For example: If you are a drinking, try to quit drinking. Set a goal for 1 year and see if you can not drink for 1 year. Smoker? Pick anything that is having an adverse effect on your health/life. If you can do that, then you will not only have more money from not buying alcohol or cigarettes, but you also acquire a new level of discipline and do so in a constructive fashion without spending money, but rather saving money and your health.
It is simple. It is NOT complicated. But it is very simple to make it complicated. Remember this sentence as it is a summary of everything you need to know about trading.
Finally, be wary of anyone selling ANYTHING. I don't want to know you, I don't want you to know me, and I don't want to sell you anything. I am doing this only because I know the majority of you won't follow it anyway, and it helps me to feel less guilty about taking money in a zero sum game. So I am in the end doing this for me, not you.
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