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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

  #11 (permalink)
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rtrade View Post
Hey Shivaya,

Are you familiar with Charles Haanel? He's the guy that influenced Napoleon Hill, think and grow rich, to become who he is. Do you think Charles Haanel's work is related to going beyond the psychology and understanding that inner sweet spot? Because he has a course called the Master Key System, a 24 part system where you study 1 part per week. I wouldn't mind seeing if that'll assist in me getting to that SWEET SPOT when I trade. I believe the concepts are very universal. I've enclosed the whole course.

Yes I am and I have done the course and have his book. Excellent material. I also have the original 1915 edition of Wallace Wattles Financial Success Through Creative Thought or The Science of Getting Rich, upon which The Secret was based. I looked for years to find an original. One day there it was in an old second hand bookstore for $4!

Finding a classic first edition is like a sweet spot moment. You wait for them. Priceless!

If you think of Support and Resistance you will get some clues.

By feeling good you accomplish the feeling of winning trades/nice profits. This supports you as a winning trader.
By feeling bad you accomplish the feeling of losing trades/losing money. This is your resistance to being a winning trader.

So how does a trader feel good after a loss? Or missing a move? Plenty more trades to come. I'll get the next one. Like you miss a train. Just get the next one.

As simple as it sounds, Consistent thoughts and feelings of Winning Trades and Nice Profits will bring them into your reality. All the strategies, ideas and information necessary for you to achieve this will manifest. You just have to believe it and be creative!

Shivaya

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Shivaya View Post
Yes I am and I have done the course and have his book. Excellent material. I also have the original 1915 edition of Wallace Wattles Financial Success Through Creative Thought or The Science of Getting Rich, upon which The Secret was based. I looked for years to find an original. One day there it was in an old second hand bookstore for $4!

Finding a classic first edition is like a sweet spot moment. You wait for them. Priceless!

If you think of Support and Resistance you will get some clues.

By feeling good you accomplish the feeling of winning trades/nice profits. This supports you as a winning trader.
By feeling bad you accomplish the feeling of losing trades/losing money. This is your resistance to being a winning trader.

So how does a trader feel good after a loss? Or missing a move? Plenty more trades to come. I'll get the next one. Like you miss a train. Just get the next one.

As simple as it sounds, Consistent thoughts and feelings of Winning Trades and Nice Profits will bring them into your reality. All the strategies, ideas and information necessary for you to achieve this will manifest. You just have to believe it and be creative!

Shivaya


The author died in 1911, so this work is also in the public domain in countries and areas where the copyright term is the author's life plus 80 years or less. This work may also be in the public domain in countries and areas with longer native copyright terms that apply the rule of the shorter term to foreign works.

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  #13 (permalink)
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A Simple Sweet Base to Start from


How do I get into this sweet state of consciousness with a market?

Questions! I ask questions to the charts. "What are you trying to do is my favorite?"

Each day I look at the monthly chart and ask that question. I notice if it opened near/at the low and is it up all month. Like CL opened near low in December and bias is up so far. So the market answers "At present I want to close at or near the high". I do the same with the daily, weekly, hourly, quarterly and yearly. This leads me to researching that market and determining how often does it open at/near low and close at/near high and vice versa.

Simple questions and listening for answers produces the sweet state where I look at a short term chart and wait till I know what the market wants to do next. I am patient and I wait for the answer.

Shivaya

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IMO, there aren't any shortcuts, nor is there a holy grail, or sweet state, that leads to easy trading profits.

I realize that I should be the last one to criticize, because I am often guilty of clothing my messages, in an overly prosaic and metaphorical garb. Heck, I'm doing it right now. Yet, I am always a little dubious, when someone attempts to promulgate some kind of transcendental path to trading success. And I am twice as skeptical, when they extol the relative ease at which they make money, due to the virtues of this metaphysical methodology.

To each his own, but for me the path to trading nirvana is a little more straightforward and doesn't require a spiritual compass. Best practice, continuous self-evaluation, and emotional control are mandatory for success in any performance based activity. A trader therefore, needs to be adequately prepared, focused, confident, patient, and disciplined. These skills are essential for achieving peak performance, and although these skills take time to develop, they can be mastered through hard work and deliberate practice.

Traders must understand and dogmatically accept the fact, that mastery of practical and mental skills are the difference between success and failure, and this realization should provide traders with sufficient motivation to insure that they both implement and perfect these skills. However, trading has a way of short-circuiting the emotional connection by exposing and magnifying pre-existing negative habits and emotions. But once again, positive changes can be realized through hard work, practice and objective self-evaluation.




Last edited by tigertrader; December 22nd, 2010 at 09:59 PM.
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tigertrader View Post
IMO, there aren't any shortcuts, nor is there a holy grail, or sweet state, that leads to easy trading profits.

I realize that I should be the last one to criticize, because I am often guilty of clothing my messages, in an overly prosaic and metaphorical garb. Heck, I'm doing it right now. Yet, I am always a little dubious, when someone attempts to promulgate some kind of transcendental path to trading success. And I am twice as skeptical, when they extol the relative ease at which they make money, due to the virtues of this metaphysical methodology.

To each his own, but for me the path to trading nirvana is a little more straightforward and doesn't require a spiritual compass. Best practice, continuous self-evaluation, and emotional control are mandatory for success in any performance based activity. A trader therefore, needs to be adequately prepared, focused, confident, patient, and disciplined. These skills are essential for achieving peak performance, and although these skills take time to develop, they can be mastered through hard work and deliberate practice.

Traders must understand and dogmatically accept the fact, that mastery of practical and mental skills are the difference between success and failure. While this realization should provide sufficient motivation to implement and perfect these skills, trading has a way of short-circuiting the emotional connection by exposing and magnifying pre-existing negative habits and emotions. But once again, positive changes can be realized through hard work, practice and objective self-evaluation.



Well Tigertrader,

Before this thread I answered a similar query. When I read of hard work, there is nothing sweet here. The words carry an energy I left long ago. Hard and Work sounds a struggle. It is time for many of us to reach within our being and see what is there and how hard can become sweet and work can become fun. So I choose Sweet Fun and not hard work. For others the road of the hard work struggle and stress is fine for them. This thread is not about that. It is about can we achieve Winning Trades/Nice Profits in a sweet fun way?

Here is the older post.

Shivaya


Shivaya View Post
Hi RTrade,

Distractions! Most tools in this business are distractions. The simple fact is few of us have been taught by genuine trading masters. But then most of our life teachers serve up rubbish. 5000 hours of deliberate right practise will give a new trader an edge. The result of that edge will produce Winning Trades and Nice Profits. The inner emotional body needs to believe this. The gap is the NOW moment where all trading/life happens. The gap is where NO FEAR exists. All else is past/future anxieties. Change the phrase to suit. The Now moment will serve continually a fearless state.

I love the state of trading in the now moment. My day becomes filled with a sweet consciousness of bliss. Otherwise those who trade with a pistol at their head (fear based) will one day take the bullet and lose all.

I have only two thoughts for my mind in trading. Winning Trades/Nice profits. The skill needed to pull this off is patience to wait for the nice trade to appear and patience to let the winning profits run, scaling all the way. When losses appear I have no patience beyond my EXIT level. So Nice Trades/Winning Profits...Winning Trades/Nice Profits...Be Here Now...you get the drift! By having only these two thoughts my higher consciousness takes over and reads the charts and then gives me intuitive signals of sweet trade setups. I give the lower mind the job of focusing on those two thoughts and ONLY those two and that keeps it out of mischief.

Delegation. Works for me!

Shivaya


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tigertrader View Post
IMO, there aren't any shortcuts, nor is there a holy grail, or sweet state, that leads to easy trading profits. [

of course there is a hollie grail - didnt you follow my live posts on the chat where i called the exact time and price the es would turn and to what level it would go to

any, i did it every day

go post some live trades for us and see how you do on the live chat

thank you in advance

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gio5959 View Post

go post some live trades for us and see how you do on the live chat

thank you in advance

Love to except, I don't spend any time in chat rooms. Not a part of my trading life. Only interest in being here is to open up my consciousness to its inner potential in trading. Most are in fear of that. Only a very few will be interested I know. That's fine.

Shivaya

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of course there is a hollie grail - didnt you follow my live posts on the chat where i called the exact time and price the es would turn and to what level it would go to

any, i did it every day



Congratulations, you should have more money than Oprah, quicker than lager turns to piss!

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tigertrader View Post
IMO, there aren't any shortcuts, nor is there a holy grail, or sweet state, that leads to easy trading profits.




I don't think that a "sweet state" alone leads to trading profits, but I have always felt that when I am doing something my absolute best, whether it is trading, golf, tennis, minesweeper, Defender, whatever, that I am in a state where the critical, conscious, verbal mind is quiet and I just react automatically to the action going on around me. "The Inner Game of Tennis" by Timothy Gallwey is about how to learn to achieve that state of mind. It seems that activities with very continuous action, like Minesweeper and the old video game Defender bring about that state of mind for me the most easily because I have to concentrate so intensely and react continuously. Pit trading in a fast market was the same; no time to reflect, just act! I don't often experience that state sitting at a screen waiting for the next set up.

"You don't need a weatherman to know which way the wind blows..."
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jstnbrg View Post
I don't think that a "sweet state" alone leads to trading profits, but I have always felt that when I am doing something my absolute best, whether it is trading, golf, tennis, minesweeper, Defender, whatever, that I am in a state where the critical, conscious, verbal mind is quiet and I just react automatically to the action going on around me. "The Inner Game of Tennis" by Timothy Gallwey is about how to learn to achieve that state of mind. It seems that activities with very continuous action, like Minesweeper and the old video game Defender bring about that state of mind for me the most easily because I have to concentrate so intensely and react continuously. Pit trading in a fast market was the same; no time to reflect, just act! I don't often experience that state sitting at a screen waiting for the next set up.

Thank you Jstnbrg,

This is the point of this thread. To explore this sweet state. Why do major trading firms employ the best and brilliant computer game kids? Why are master traders unable to teach how they trade? Why has Tiger Woods lost his golfing sweet state? His inner game of golf has gone. He still needed all the golfing strokes to become great, but without his sweet state he is gone. They all were able to access some inner state where they achieved fantastic results.

The old school traders have long given up on the inner game. I am only interested in this way now. I drew a 15 minute chart by hand for 4 years before software was invented. I've done the practice. I can read a chart. I am a sole trader. I achieve great results in the sweet state. I achieve ordinary results out of this state. I now wait for this state to manifest before taking a trade. That has now become the only reason for my trading. The inner sweet state I am able to achieve in a trade is sweeter than any profits it produces.

I would encourage you to continue to feel for this state in your trading. Dogs may bark but the caravan moves on. Remember the feeling you had when you played the games and search for that state that is beyond the mind.

This thread is beyond psychology, beyond mind. I've left all that stuff. The new generation of traders will access this region of their consciousness and blow the old schoolers back into driving taxis.

I don't experience this state all day, only a few times a day. But I started to notice I make 80% of my profits on these plays. AND...make 80% of my losses out of this state. This thread is simply to connect with the few that want to delve into and explore this sweet state.

Shivaya

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