NexusFi: Find Your Edge


Home Menu

 





A postive thread about Trading...(yes we can !)


Discussion in Psychology and Money Management

Updated
      Top Posters
    1. looks_one Big Mike with 2 posts (8 thanks)
    2. looks_two Okina with 2 posts (21 thanks)
    3. looks_3 devdas with 1 posts (4 thanks)
    4. looks_4 lemons with 1 posts (4 thanks)
      Best Posters
    1. looks_one Okina with 10.5 thanks per post
    2. looks_two Big Mike with 4 thanks per post
    3. looks_3 devdas with 4 thanks per post
    4. looks_4 lemons with 4 thanks per post
    1. trending_up 1,688 views
    2. thumb_up 42 thanks given
    3. group 7 followers
    1. forum 8 posts
    2. attach_file 0 attachments




 
Search this Thread

A postive thread about Trading...(yes we can !)

  #1 (permalink)
 
Okina's Avatar
 Okina 
montreal quebec/canada
 
Experience: Beginner
Platform: CQG/NT7
Broker: IB/AMP/CQG
Trading: CL
Posts: 2,149 since Sep 2015
Thanks Given: 758
Thanks Received: 5,464

Mike has made a statement that strikes me: the threads with most replies and audience are the one speaking of failures, loses, suffering. Their titles are frightening. The next successful one will certainly be: ”how I have sold my children’s kidneys to fund my trading account…”.

There are also a lot of threads about rules, disciplines. Most of them are right but the list is so long that in all honesty who could say I will always follow all of them. When you read them the temptation is great to start thinking consciously or unconsciously since I’m certainly not able to follow all of them, I’m doom to fail. Did you follow all the “good rules” by the book in all the other aspects of your life? Certainly no, but did it make you criminal, or a pathological failure, and did it sent you directly to the poor house? Certainly no otherwise you will not be reading this thread since homeless rarely have an internet access.

Imagine what would be the mental image that could have someone coming from the outside with no experience in trading after having read all of that? This person will certainly think that trading is an activity only reserved to a special kind of “superhuman” who can endure unspeakable suffering and live with such a discipline that it will make a samurai ashamed of his own weakness and lack of self discipline.

Why? I think there are 2 reasons for that. The first one comes from people who have some kind of success in this job, and they are maybe to proud of their success. Unconsciously they want outsiders to admire them and this negative image serves their ego. On the other side there are people who have failed in this business (like in any other job) and they want to blame unbearable circumstances: “I’ve failed but almost no one can succeed.” I’m sure most of you had experienced that: you take a new job in a new position and it doesn’t go well and you start to think that your boss is a tyrant, that the company is bad etc… But you are just at the wrong place, with the wrong set of skills and at the wrong time. Don’t blame yourself but don’t blame other for that too. Just move to the next. It does not make you a bad person.

So let’s speak about what we like in this activity ☺. I let you start and I would like to only see the positive aspects of it (for the negative one you have lots and lots of other threads).

1 - what make you happy with this job/activity
2 - what are you proud of
3 - what can you say in a positive maner to explain what you do to outsiders
4 - etc...

Cheers,

R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
Visit my NexusFi Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Looking for an MQL4 MetaTrader programmer/coder
The Elite Circle
Request for MACD with option to use different MAs for fa …
NinjaTrader
ZombieSqueeze
Platforms and Indicators
NexusFi Journal Challenge - May 2024
Feedback and Announcements
Ninja Trader 8 Drawing Tools Wanted
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Retail Trading As An Industry
60 thanks
NexusFi site changelog and issues/problem reporting
46 thanks
Battlestations: Show us your trading desks!
34 thanks
GFIs1 1 DAX trade per day journal
31 thanks
What percentage per day is possible? [Poll]
20 thanks

  #3 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,319 since Jun 2009
Thanks Given: 33,139
Thanks Received: 101,474


Just a quick clarification, I was talking about what attracts people and using Twitter data. I wouldn't say the most viewed threads are negative.



Sent from my phone

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #4 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,319 since Jun 2009
Thanks Given: 33,139
Thanks Received: 101,474

1. What makes me happy: sky is the limit. I control all aspects of my trading business. I can spend more or less time as I wish. I can devote more time to programming, or to research. I can explore areas that interest me and have the freedom to go as deep as I want.

2. What I'm most proud of when it comes to trading related things is this community. I'm proud because we help so many traders here, and it means a lot to work on something so important.

Sent from my phone

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
The following 8 users say Thank You to Big Mike for this post:
  #5 (permalink)
 
HumbleTrader's Avatar
 HumbleTrader 
Vancouver Canada
Legendary , Always learning
 
Experience: Intermediate
Platform: Investor RT
Broker: IB & IQ DTN
Trading: Oh what a tangled web I weave, When I want to take profits in trading
Frequency: Several times daily
Duration: Years
Posts: 1,722 since Nov 2014
Thanks Given: 3,366
Thanks Received: 2,961

1. Similar to Mike's point. You are truly your own boss. No other profession can match that.

2. I was attracted mainly b'cas of geographical independence trading offers and I can move between Asia, Europe and America. I have relatives in all 3.

3. There is no other Field that can bring out your inner demons like trading. Even with a psychologist, you can hide few things. You Ought to deal with those demons to become successful. In essence, it makes you a better person, at least in theory.

4. It has absolutely No barrier to enter, except the training and initial funding cost. That's both a bane and a boon.

5. There is no discrimination of age, sex, race, language or culture

6. Personally, I simply Love watching crowd behavior. If I can make a living out of it, that's even better.

Visit my NexusFi Trade Journal Reply With Quote
The following 3 users say Thank You to HumbleTrader for this post:
  #6 (permalink)
 
devdas's Avatar
 devdas 
Al,India
 
Experience: Advanced
Platform: NinjaTrader
Broker: Z
Trading: NiftyFuture
Posts: 1,562 since Feb 2010
Thanks Given: 1,513
Thanks Received: 1,701

1) What most i like : My performance solely depends on me, not like in Job where other's activity/work/performance affect it. I feel independent and calm.

2) I feel proud of : I could understand the trading slightly better than others. God gave better intuition about it.

Harvest The Moon
Nest The Market
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
The following 4 users say Thank You to devdas for this post:
  #7 (permalink)
 DobermanTrading 
SE Asia / Canada
 
Experience: Intermediate
Platform: FXCM's Trading Station
Broker: Darwinex, FXCM, Tradingview
Trading: Forex and CFD's
Posts: 114 since Jun 2010
Thanks Given: 26
Thanks Received: 109

not required to be stuck in trafic everyday

cheers

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
The following 2 users say Thank You to DobermanTrading for this post:
  #8 (permalink)
 
Okina's Avatar
 Okina 
montreal quebec/canada
 
Experience: Beginner
Platform: CQG/NT7
Broker: IB/AMP/CQG
Trading: CL
Posts: 2,149 since Sep 2015
Thanks Given: 758
Thanks Received: 5,464

What I like :

1) My success does not depend on other people and on political skills (I don't have any). I've tried other jobs in my short career and I always had the feeling that I had to “prostitute” myself to succeed.
2) I've earned my financial freedom at the age of 34 and no other job could have given this to me. (I must add that I have modest tastes: I drive cheap cars and I rent small condo, my only luxury is not being obliged to work if I don't want to).
3) I’ve never had the feeling that I was working. I always had the feeling that I was paid to have fun.
4) Each time I see something I don’t understand whatever the subject is I’m always attracted to it and I want to understand “how it works”. Markets are an almost infinite field of investigation.
5) Trading give me the peace of mind : when I trade I’m so involved in that activity that the outside world disappear. It is for me a sort of meditation. Markets are for me what Zen practitioners call a koan. A riddle with an infinite number of solutions. They free your mind of material contingencies. This riddles have in fact no solutions and the solution is not the purpose of them.

(PS: I’ve not always been like that, at some point in my life I had very expensive cars, I have bought stupidly large houses and I had put myself in bad situations where I’ve been stressed and where I had the obligation to work to sustain my way of life. I earned freedom at 34 but I have found what I call my “wisdom” only 10 year latter.)

R.I.P. Olivier Terrier (aka "Okina"), 1969-2016.
Please visit this thread for more information.
Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #9 (permalink)
 
lemons's Avatar
 lemons 
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
Posts: 959 since Nov 2010

Trading for me is low intensity work.
I get payed by waiting. Watching and waiting for setup.
Taking trade and again waiting and watching some more
for trade to roll out.

Trading for me is low stress work compared to 9-5 work
with constant demands from boss, co-workers and clients.

Reply With Quote





Last Updated on October 16, 2015


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts