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

  #1 (permalink)
 R.I.P. 1969-2016 
montreal quebec/canada
 
Futures Experience: Beginner
Platform: CQG/NT7
Broker/Data: IB/AMP/CQG
Favorite Futures: CL
 
Okina's Avatar
 
Posts: 2,149 since Sep 2015
Thanks: 758 given, 5,415 received

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

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.
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  #2 (permalink)
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  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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Posts: 46,238 since Jun 2009
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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.



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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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  #4 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,218 received

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

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.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 8 users say Thank You to Big Mike for this post:
 
  #5 (permalink)
Elite Member
Vancouver Canada
 
Futures Experience: Beginner
Platform: Investor RT & Ninja
Broker/Data: IB & IQ DTN
Favorite Futures: ES
 
Posts: 1,106 since Dec 2014
Thanks: 2,132 given, 1,645 received

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.

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  #6 (permalink)
 Vendor: www.edevaay.com 
Al,India
 
Futures Experience: Advanced
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Favorite Futures: NiftyFuture
 
devdas's Avatar
 
Posts: 1,547 since Feb 2010
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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
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  #7 (permalink)
Elite Member
SE Asia / Canada
 
Futures Experience: Intermediate
Platform: FXCM's Trading Station
Broker/Data: Darwinex, FXCM, Tradingview
Favorite Futures: Forex and CFD's
 
Posts: 114 since Jun 2010
Thanks: 26 given, 105 received

not required to be stuck in trafic everyday

cheers

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  #8 (permalink)
 R.I.P. 1969-2016 
montreal quebec/canada
 
Futures Experience: Beginner
Platform: CQG/NT7
Broker/Data: IB/AMP/CQG
Favorite Futures: CL
 
Okina's Avatar
 
Posts: 2,149 since Sep 2015
Thanks: 758 given, 5,415 received

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.

Last edited by Okina; October 15th, 2015 at 10:18 AM.
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  #9 (permalink)
Elite Member
Tallinn, Estonia
 
Futures Experience: Beginner
Platform: SC
Broker/Data: Oanda
Favorite Futures: USOil / West Texas Oil
 
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Why I like trading ?

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.

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