PATS Trading Psychology Or Mack's Soapbox
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PATS Trading Psychology Or Mack's Soapbox


Psychology and Money Management

Created April 1st 2016 by Mtype
Updated February 14th 2020 by Mtype
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PATS Trading Psychology Or Mack's Soapbox

  #21 (permalink)
San jose
 
Trading Experience: Advanced
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allysius2005 View Post
Hi Bill,

actually what kind of thought that you want to know? Maybe can help to understand.

thank you
Leo

Hi @Leo
Like to understand what kind and how should I practice PATs stuff in off hours so it becomes second nature. For example I can use replay mode and open chart of 2000 ticket on ES, going forward bar by bar and start drawing channels on it to be good at drawing channels something like that. I am believer that practice does not make perfect, good and accurate practice makes you perfect. So trying to find the right way to do the PATs drills. Can you guys please guide me.

regards
Bill

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  #22 (permalink)
Singapore
 
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billsingh View Post
Hi @Leo
Like to understand what kind and how should I practice PATs stuff in off hours so it becomes second nature. For example I can use replay mode and open chart of 2000 ticket on ES, going forward bar by bar and start drawing channels on it to be good at drawing channels something like that. I am believer that practice does not make perfect, good and accurate practice makes you perfect. So trying to find the right way to do the PATs drills. Can you guys please guide me.

regards
Bill


Hi Bill,

Just to share how i learn about MACK methods:
1. You should know the key entry point. This key entry points are where you look for trade.
Key entry points are:
- Support and Resistance
- 2nd Entry trade near EMA or Trendline
- Trendline
Above key entry points are depend on the market condition when you trade it (Up, down or range condition). The method explain in MACK manual in which you can purchase from him for $100. Im not advertise his manual but i bought it.
2. Everyday after market close, do your analysis to the chart. Look which pattern do you recognize, why it works and why it fails. Find other pattern that working beside the patterns that you recognize.
3. Believe in MACK method. Nothing is 100% bullet proof from loses.
4. If you can do live demo, thats much better because you will see how the candle created and how your mind thought everytime candles created.
5. Take seriously on your demo as if like your live account. Dont under estimate demo account. I burn alot of live account because of underestimate demo account.

I think thats all i can share for now. Sorry for my grammar and any mistake in my english. Thanks

Leo

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  #23 (permalink)
Market Wizard
Hungary
 
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Mtype's Avatar
 
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Gotta know what you are doing!




Awesome soapbox talk starting at 15:40

Enjoy!

“Happiness is the meaning and the purpose of life, the whole aim and end of human existence.” Δ

“There is no path, but only a fool wouldn’t follow it.”
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  #24 (permalink)
Market Wizard
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Mtype's Avatar
 
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We have this down to a science!



Great, another soapbox coming in our way. Starts at 11:20

“Happiness is the meaning and the purpose of life, the whole aim and end of human existence.” Δ

“There is no path, but only a fool wouldn’t follow it.”
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  #25 (permalink)
Fort Lauderdale FL / USA
 
 
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This one was great!

Much appreciate the upload...

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  #26 (permalink)
Market Wizard
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Mtype's Avatar
 
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Protect your trading capital

Man, Mack is good. This is a good advice as usual. Listen to him and help yourself to grow properly.

It starts at 14:32


“Happiness is the meaning and the purpose of life, the whole aim and end of human existence.” Δ

“There is no path, but only a fool wouldn’t follow it.”
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  #27 (permalink)
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Good video, love the pep talk at the end where he talks about moving his stops early in his career.. something I have identified as a problem area for me, and changed my behavior. Thanks for the share, first of his videos I've watched but I will definitely check out more.

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  #28 (permalink)
Market Wizard
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Mtype's Avatar
 
Posts: 1,250 since Oct 2012
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Learn to stick with it!

Another great video is coming in our way! Thanks Mack!

The lesson starts in the beginning this time and goes on until about 15m in the video.



Enjoy

“Happiness is the meaning and the purpose of life, the whole aim and end of human existence.” Δ

“There is no path, but only a fool wouldn’t follow it.”
Visit my futures io Trade Journal Reply With Quote
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  #29 (permalink)
Tri State Area
 
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I really like his style of trading K.I.S.S.

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  #30 (permalink)
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https://www.youtube.com/watch?v=BajNSVDLNL8&t=0s

About 7 and a half minutes in he starts talking about a 22 point runner then starts talking about the math of risking 8 to make 2. He tries to get back to the days trading then goes back to explaining runners again.Helps to clarify some of what I was thinking, that the scalps are only part of the story the runners are the other chapter.

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