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Going Beyond Psychology to make Winning Trades and Nice Profits
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Going Beyond Psychology to make Winning Trades and Nice Profits

  #121 (permalink)
Elite Member
Belfast N.Ireland
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Stage 5
Favorite Futures: ES
Shivaya's Avatar
Posts: 116 since Jun 2009
Thanks: 59 given, 466 received

The real reason for our fear

"The sheer vastness of non-being is the reason for fear." Bhagwan...1980

The Universe
Unconditional Love

Then one small being...me or you!

To be Fearless we have to go through fear, and this kind of fear, the vastness of everything and the nothingness of one small being, living in a small body on a moving planet within a vast universe.

Go into it, experience the vastness, space travel alone. Soon you will feel safe, secure in the insecurity that somehow you are a part of all this. Soon you will relax and all fear disappears. Breakthrough.

Deliberate practise and visualizing sweet trades, nice profits in a state of fearlessness. Yes...non-thinking ~ AWARENESS!


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  #122 (permalink)
Trading for Fun
Los Angeles, CA
Futures Experience: Beginner
Platform: ThinkorSwim
Favorite Futures: Softs
Posts: 68 since Dec 2011
Thanks: 55 given, 30 received

Shivaya View Post
Many years ago I sat with a room of budding daytraders. They had all advanced enough to trade live real money.

Today was their first day to 'pull the trigger'.

The good part for them was they would be putting trades on my house account. I was taking the financial risk.


They were taking the 'FEELING of RISK' Few took a trade. All got out within a nano second!

Losing money is the easy part of trading. The 'feeling of losing' is what has to be dealt with. Once you can accept that losses are just 'costs' progress is rapid.

As soon as you leave your sweet spot the risk of additional losses increases dramatically. So why leave?

I do not care one bit what any trader says or does or writes. GOING BEYOND is THIS... I trade from within, I listen, I appreciate all my analysis skills, I wait and I pounce. Then I manage and scale out and finally let my runners take what is available. Then I analyse my results and update my trading log. All the time I am in a sweet state of 'Thanks Market'. This is Empowered Trading.


I believe that it was Dr. Alexander Elder who referred to this loss as a businessman's loss. Every business owner must accept the fact that he will have losses. There are reasonable and prudent losses one must be willing to endure to make a profit. We cannot eliminate the prospect of suffering a loss. We can eliminate the prospect of suffering excessive losses.

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  #123 (permalink)
Trading for Fun
Los Angeles, CA
Futures Experience: Beginner
Platform: ThinkorSwim
Favorite Futures: Softs
Posts: 68 since Dec 2011
Thanks: 55 given, 30 received

Shivaya View Post
When I was working my way through this exact question in my own trading through trial and error I saw that I had to work on letting more trades run. Catching some really big winners does wonders for the E-Ratio.

To achieve this I use simple swing stops that give the market room to wiggle. In addition I developed the skill of 'adding to a winner'.

I could see I was able to find the trade but needed to stay with the move. I worked on stop management to achieve this.

By actually focusing and constantly calculating my e-ratio every day I began to notice the trades that 'killed' it and the trades that 'enhanced' it.

I also noticed some pro traders from Chicago used the terms on twitter MAE 2 ticks for gain of +3 points. In other words he was able to get in with only 2 ticks of heat. I'm unable to do that but it built a powerful message of how important it is.


If you are adding to your position as the market moves your direction, how do you calculate your edge ratio properly? For example:

Buy 1 lot of the ES at 2000.00 and the market moves against you 4 ticks to 1999.00 and then moves in your favor 12 ticks to 2003.00.

Then you buy another 1 lot at 2003.00. After adding to your position, the market pulls back 8 ticks to 2001.00 before reversing and continuing in your direction another 20 ticks to 2006.00.

Do you calculate each entry as a separate trade? For example, the edge ratio of the first lot would be 6 and the edge ratio of the second entry would be 1.5.

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  #124 (permalink)
Elite Member
Futures Experience: Beginner
Platform: Ninja, Oanda
Broker/Data: Oanda-practice demo
Favorite Futures: GBP/AUD...wild ride
missionatsea's Avatar
Posts: 45 since Apr 2014
Thanks: 95 given, 34 received

Sweet Spot

I am amazed at the number of posters who quit posting, but are still poking around. And those who just up and vanish...I do not want to go down that highway.

Bear in mind I am practice trading on Oanda for 15 days now. My entries need a lot of foundational construction. The one sweet spot I have discovered is to cuss at the screen when a trade isn't working and close it out. Of 26 trades for 3 weeks, I have 11 wins and 15 losses for a 42% win rate. In the mix of losses, I have -$34 for 6 of those trades...I am not afraid to bellow f you beech and hit the X when a position fumbles and bumbles. And for that reason I am showing a +$752 profit. Never understood when it was said a successful trader can be had under 50%...I do now. Again, I am only practicing.

In the future, knowing I have the courage to close out trades and donate a few bucks to the broker, makes this venture a lot less stressful. Heck, there is always another trade just around the corner.


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  #125 (permalink)
Trading for Fun
Bodoe , Norway
Futures Experience: Intermediate
Platform: Fxcm tradestation II
Favorite Futures: Forex
sharpshoota's Avatar
Posts: 142 since Jun 2014
Thanks: 843 given, 117 received

The really though part is to keep my "monkey" in it's place when the losing streeks show up.....10 - 20 losers in a row takes a lot of emotional capital away. confidence in your strategy plays a large part in this game.
taking a day or two away from the screen at that point can be a very good idea.

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  #126 (permalink)
Elite Member
Futures Experience: Intermediate
Platform: IBs ladder / Market Delta charts
Broker/Data: IB / IQfeed
Favorite Futures: Bund
Posts: 438 since Sep 2012
Thanks: 260 given, 96 received

Great alternative thread Shivaya, thanks.

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