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Finally Turning the Corner, tha "its 80% Psychology" thing...


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Finally Turning the Corner, tha "its 80% Psychology" thing...

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  #21 (permalink)
Vancouver Canada
 
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Risk reduced, stops tightened. Wrong at that level. R Factor just improved bigtime. "Perceived Probability" still good


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  #22 (permalink)
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Half off, half to go, I might be leaving money on the table here but this night owl needs to go to bed soon..


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  #23 (permalink)
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Ok, last trade, "roof reversal triple top" short


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  #24 (permalink)
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out first half, second at be (break even)

good night folks~ remember to stay rigid with your risk and flexible with your expectations

#greenday



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  #25 (permalink)
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ok, very last trade, lol

"triple bottom, pop tha top special", entry slightly late


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  #26 (permalink)
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woop, there it is.. to quote FT71 "I landed on the right side of probability".


A lil gem, for me I prefer working in 1/2's rather then 3rds.. It keeps me more flexible and less entangled in trade ideas. My nemesis is "big deals" and "overconfidence". #KnowYourKryptonite

If I was to keep trading (I'm not, going to bed for reals), I would now have a long bias and look for pullback entries over the next few hours . (keeping an eye on nq and es levels).. new highs, impulsive move up here, exciting territory.. Maybe a sharp fake down and then it gets stuck and some momentum back up?

(on the flip - if this was to sell off hard (impulsive move 40 points or so down and es and nq looked weak, my bias would flip to shortside) Scalpers stay malleable..



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  #27 (permalink)
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After investigating many dozens of teachers and strategies over the years, I feel so much gratitude for discovering those listed on this page. Many others have helped in small ways but each of these people have helped me hugely.


My favorite trading psychogist is Dr. Andrew Menaker. (I love Dr. Brett Steenbarger too, but I relate more with Andrew because he's a full-time trader) His webinars have helped me tons. I've listened to each one of these on youtube at least 5-6 times and will continue to listen often - plus I will take his paid course after I've earned the funds from trading and personal coaching one day when I'm hitting big goals.
https://www.youtube.com/results?search_query=andrew+menaker

My 4 Favorite Trading Mentors (alphabetical order)

Al Brooks (Price Action Trading)
Merritt Black (SMB Futures)
Morad Askar (aka FuturesTrader71)
Steve W (Paracurve)

Immense thankyou mentors. And huge thanks to Big Mike for this epic community and all of the effort to make this a ridiculously amazing forum.

1st, thank you for sharing your valuable insights.

I really learned a lot that was helpful in trading and life in general by taking Andrew Menaker's course. And he is just a good man who is willing to respond as much as possible to questions and comments. I think you will gain a lot from his course as well.

Thanks again from Jeff from the other Vancouver.

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  #28 (permalink)
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Trading in the Zone by Mark Douglas big help.

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  #29 (permalink)
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My first post - I'd like to give something back to this epic forum. I haven't spent a ton of time on here, but I've received some very valuable info/contacts. I've been feeling the huge value of this community and recently decided to buy an elite membership to show support. For those who can relate to what I'm about to share, I hope this helps at least 1 person. ;

]

Great stuff. Glad you shared it as there is so much truth in there on many levels.

I recently did a webinar called why most futures traders lose and i think it fits very well with the post and valuable information shared.

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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  #30 (permalink)
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TropicalTrader View Post
Nice, Thanks for sharing this! GEMS


ya, tick-itis is a thang..

5-10 years I was a yogi (teaching yoga & doing webdesign in tropical places like Koh Phangan Thailand and Big Island, Hawaii) and as I did/had done lots of meditation, I thought I had my mental game down. But, it wasn't "suffish".. There's a lot to the performance arts. Its relatively easy to be cool when our stress levels are low, what about when the stress levels are higher? Do you tilt? and if so: how often and how badly?


I just wanted to jump in briefly and say what a great initial posting you've made and how encouraging it is.

I very recently stopped aiming for the big scores (after more than six years, believe it or not) and got it thru my thick head to go for 5-10 tick trades, as you mentioned, and to scale up slowly, recognizing that 1 point of profit with 5 ES contracts, per day, would give me more per year than I was making at my last IT job. And it's not that hard, now that I have all those years of 6-8 hrs a day of screen time.

Restricting myself to decent setups, keeping my losses no larger than my average wins and just plugging along, BREATHING and putting my attention on something else when a trade is on, to cleanse myself of my severe tick-itis does, in fact, make all the difference in the world.

And, as another former yogi, you're right. It's very helpful, but not enough, to have maintained serenity in a low stress life. Gotta keep breathing thru these trades. Set a stop, set a target and GTFO of the office till it's done.

Anyway, thanks again. Great thread, after the recent 'desperation threads' that have been started.

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