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These type of responses are exactly what I wasn't looking for. Perhaps I should start a new thread and attempt to restate my intentions.
Not looking for
-mentor
-trading help
-advise
Looking for
-accountability partner
-Someone just as new as me that admits psychology problems and can point them out
Please dont tell me I should stay a plumber. That is rude and inconsiderate. If you don't understand what I'm asking for, don't post. There are plenty of other forums to discuss these topics. If you do understand please post your own requests for community or DM me
The issue is everyone grows and fails at different rates. Eventually he says but you say sell then it happens more frequently. Before long you two argue over who was right or wrong ... Sadly it's a great idea but more difficult imo to find a trading partner than a wife!
Hold yourself accountable in trading .. get to know yourself. Your shortfalls your strengths....
As far as traders who are ultra successful they do not from the ones I know go and waste time in public boards and they don't teach either. The mkt is their everything all day every day. Constantly updating methods spread sheets looking at new ideas new mkts working on their own trading strengths and weaknesses looking to keep growing or just maintaining.
Sure I'm profitable but not on a level even close to guys I text with most times. I'd say 10k a day on average is low for them but I have no idea.
I know this much.. one of them did a 30,000 lot trade in the eurodollarcand made 2 bucks a lot and was out in minutes one day. They trade very big and will tell you it takes tons of money to do it right but that once you get something that works well it scales fairly quickly.
I'm good and I'm a work in progress.. I like these boards for ideas and as stress outlet and I hope more people trade to increase liquidity overall
Are you maybe looking at the right place for mediocre inputs?
There are many buddies here that are making (even real time) trades live on THIS forum. Even some of your instruments are covered. So READ & follow them!
You learn the most by following those cracks instead of hanging around with some same level starting traders - trust me!
You need to analyze markets from other continents to prepare your trade, watch IB development and be careful about incoming 'known" in advance NEWS - check times to omit erratic moves that kill your stops.
Stay with ONE instrument instead of jumping from one loss to the next - yes?
All that said you are by then ready not be one of those losers every day until the account is negative. *
Good luck!
GFIs1
* This post is a concentrate of 15+ years of trading
Well, I am not sure where the traders making $400K net income per year, but I will speak up for the traders making $0.00 net income per year. We in the building, start the music.
IB means Initial Balance - that is the first candle 30m or 1h when cash trading starts.
This time is after the break in trading where the battle starts and a direction for the day is found.
I'll just give a suggestion, accountability partner needs to be someone you really have to be accountable to. Like life partner.
This wont go well if you are looking for one online, an online individual is just some air that you can shrug it off when ego comes into picture. This will further the problem.
Also, accountability partner doesn't have to understand the trading at all. They don't need to know anything other than what you are telling them and what your real life condition and bank balance/trading account balance shows them.
I hope I didn't intrude on your thread, I had similar issues and I found one in my wife, so I had to mention it.
Don't take it as an advice, just sharing experience.
there are some very talented traders on this forum . trade view has a ton on that platform . they have a lot of social chat areas that can be a little more helpful than posting questions here .
