NexusFi: Find Your Edge


Home Menu

 





Going Beyond Psychology to make Winning Trades and Nice Profits


Discussion in Psychology and Money Management

Updated
      Top Posters
    1. looks_one Shivaya with 41 posts (133 thanks)
    2. looks_two rtrade with 13 posts (8 thanks)
    3. looks_3 Anagami with 9 posts (5 thanks)
    4. looks_4 zt379 with 8 posts (8 thanks)
      Best Posters
    1. looks_one tigertrader with 4.3 thanks per post
    2. looks_two Shivaya with 3.2 thanks per post
    3. looks_3 jstnbrg with 2.8 thanks per post
    4. looks_4 Surly with 2.3 thanks per post
    1. trending_up 31,628 views
    2. thumb_up 225 thanks given
    3. group 28 followers
    1. forum 125 posts
    2. attach_file 6 attachments




 
Search this Thread

Going Beyond Psychology to make Winning Trades and Nice Profits

  #41 (permalink)
 
rtrade's Avatar
 rtrade 
Paradise, USA
 
Experience: Beginner
Platform: Big Charts
Trading: E-mini, Forex, Futures, Equities, Options
Posts: 499 since Nov 2010
Thanks Given: 578
Thanks Received: 378


Shivaya View Post

Step one is learn to read charts.
Step two is SIM trade for 90 days
Step three is Virtual trade for the rest of your life.
Step four is understand money management
Step five is trade with real money

Now what is Virtual Trading? It is the weld that joins SIM to REAL. This is where you imagine yourself doing the trades in a sweet sweet state, executing perfectly, feeling all the wonderful energy of being a master trader.

When you move from SIM to REAL there is no doubt. You are a trader in your sweet consciousness before you become one in the REAL world of trading. If you doubt this I am telling you, you will lose. I've seen it over and over.

SIM~VIRTUAL~REAL

Your fingers will just click automatically, when you see your setup. No Fear. When there is no more fear you are ready.

Sweet Trades!

Shivaya


Hi Shivaya,

I would like to believe that... and in a big way I do. But where you are in your trading and where I'm at in trading...I believe there's a big divide, a huge gap. It would be like you, knowing already how to walk and you teaching me how to walk...by saying, "It's easy" ... eventually I will agree with you.

I used tennis in a previous post to describe trading because of all of it's components. When I first learned tennis, just the basics, performing countless drills of leaning how to do a forehand; a backhand; volley forehand; volley backhand; serving...and each components became more specific, like being able to slice the ball or give it top spin or a power serve or a kick serve etc...I thought I knew the game of tennis (trading).

And just as I thought I knew the game of tennis... I didn't know the "real game of tennis" I just knew the components of (trading). Once you play an opponent that's when you begin to start seeing how all of the components (of trading) come together. And looking at the score (trading account) plays a big part on how you'll play the point out (call that trade management)....And even when I think I know how to play a game...enter a tournament, it's a whole new level play (live trading). And I haven't touched on the psychological issues....But I am working hard on that. I know just mentally understanding psychological topics doesn't work...I have to practice them over and over till I get fully grasp the concepts.

Is 90 days reasonable? If I don't achieve a goal that I set for 90 days, do give myself another 90 days? I have no choice but to...

"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
Visit my NexusFi Trade Journal Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Futures True Range Report
The Elite Circle
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Are there any eval firms that allow you to sink to your …
Traders Hideout
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
65 thanks
Funded Trader platforms
42 thanks
Battlestations: Show us your trading desks!
25 thanks
NexusFi site changelog and issues/problem reporting
23 thanks
The Program
20 thanks
  #42 (permalink)
 
josh's Avatar
 josh 
Georgia, US
Legendary Market Wizard
 
Experience: None
Platform: SC
Broker: Denali+Rithmic
Trading: ES, NQ, YM
Posts: 6,216 since Jan 2011
Thanks Given: 6,752
Thanks Received: 18,136


Shivaya View Post
The Sweet Spot in trading will produce figures that are good to study. The favorable ratio between MAE and MFE is what keeps trading sweet for me. It is what I look at first in my trading log. Higher the better! This motivates me to go deeper into the sweet flow zone.

Shivaya

Hi Shivaya,

In beginning my trading log, the MFE, what I could have gotten, stands out as most important to me. But let's say I'm basing my TP on a S/R level, in that case if your log says you should normally go for another 20 ticks, does it make sense to follow that, or take your profit where your "inner sweetness" and the chart indicate price will react? Hope it makes sense...

Reply With Quote
  #43 (permalink)
 
Shivaya's Avatar
 Shivaya 
Belfast N.Ireland and Brisbane Australia
 
Experience: Advanced
Platform: NinjaTrader
Broker: Stage 5
Trading: ES
Posts: 128 since Jun 2009
Thanks Given: 84
Thanks Received: 489



josh View Post
Hi Shivaya,

In beginning my trading log, the MFE, what I could have gotten, stands out as most important to me. But let's say I'm basing my TP on a S/R level, in that case if your log says you should normally go for another 20 ticks, does it make sense to follow that, or take your profit where your "inner sweetness" and the chart indicate price will react? Hope it makes sense...

The most important for me is the MAE! All your trading skill will be judged by your own ability to enter with low MAE. This is the heat you take after your entry.The MFE is simply 'letting your profits run"

Shivaya

Started this thread Reply With Quote
Thanked by:
  #44 (permalink)
 
Anagami's Avatar
 Anagami 
Cancun, Mexico
Legendary Market Hustler
 
Experience: Advanced
Trading: MES
Posts: 978 since Dec 2010
Thanks Given: 707
Thanks Received: 2,300

This is a ridiculous thread... the single best thread on trading psychology I ever read (I have read 100s over the last 5 years).

"Nearly all mankind is more or less unhappy
because nearly all do not know the true Self.
Real happiness abides in Self-knowledge alone.
All else is fleeting.
To know one's Self
is to be blissful always. "

Ramana Maharshi

Thank you, thank you, thank you, for bringing this out Shivaya.

Reply With Quote
  #45 (permalink)
 
rtrade's Avatar
 rtrade 
Paradise, USA
 
Experience: Beginner
Platform: Big Charts
Trading: E-mini, Forex, Futures, Equities, Options
Posts: 499 since Nov 2010
Thanks Given: 578
Thanks Received: 378


Anagami View Post

This is a ridiculous thread... (I have read 100s over the last 5 years).

Ridiculous?!!!....Really?!!!

The thread is about..." going beyond psychology and the inner side to TRADING." ~shivaya

Ya that's right, how it relates to TRADING. Now I'm not an EXPERT, or let alone a Rocket Scientist...but I have enough common sense to know that READING ain't what it's all cracked up to be....it's only half of it....you have to APPLY what you have read.

So, with what you've read, what is the solution to what we traders are SEEKING? And please only provide real life applications...NOT theory from a book...please.

"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
Visit my NexusFi Trade Journal Reply With Quote
  #46 (permalink)
 
Anagami's Avatar
 Anagami 
Cancun, Mexico
Legendary Market Hustler
 
Experience: Advanced
Trading: MES
Posts: 978 since Dec 2010
Thanks Given: 707
Thanks Received: 2,300


rtrade View Post
Ridiculous?!!!....Really?!!!

The thread is about..." going beyond psychology and the inner side to TRADING." ~shivaya

Ya that's right, how it relates to TRADING. Now I'm not an EXPERT, or let alone a Rocket Scientist...but I have enough common sense to know that READING ain't what it's all cracked up to be....it's only half of it....you have to APPLY what you have read.

So, with what you've read, what is the solution to what we traders are SEEKING? And please only provide real life applications...NOT theory from a book...please.

Exactly what Shivaya stated. Tuning to the frequencies of our higher Self for guidance, help, and comfort. Trading as meditation is both pleasant and profitable.

Reply With Quote
  #47 (permalink)
 fossil 
Germany
 
Experience: Intermediate
Platform: Ninjatrader
Broker: IB and zen-Fire
Trading: NQ
Posts: 92 since Apr 2010
Thanks Given: 8
Thanks Received: 39

So the message is:

Find your personal frequency and your done?

Axel

Reply With Quote
  #48 (permalink)
 
Shivaya's Avatar
 Shivaya 
Belfast N.Ireland and Brisbane Australia
 
Experience: Advanced
Platform: NinjaTrader
Broker: Stage 5
Trading: ES
Posts: 128 since Jun 2009
Thanks Given: 84
Thanks Received: 489

The emotional journey in my trading has taken me from excited and motivated to learn the game, to fear and trembling to enter a trade, to the Joy of trading with my Inner Being of Knowing. This is beyond Belief, this is placing a short trade and knowing it is going down. The knowing comes from somewhere within my being. I had this knowing when I started to trade but did not know how I knew. So I believed I could not depend on it. So I studied charts for years. Then money management. Then came full circle and arrived back at knowing.

Once I returned to my inner self the knowing was still there but so was the analysis skill. Now I knew why I knew. I discovered that when I traded in the emotional state of fear losses came. I made mistakes. The goal was to achieve a sweet state of being and then trade my setups. In the Sweet State I seemed to get the good setups and not the dud ones. I also cut out of a trade quickly and reentered instead of holding because of the knowing.

As long as my 'edge' ratio came in at 2.0 to 3.50 + all was well.

The market became my friend. Volatility became sweetness. Small losses my costs, and letting profits run my only business. If I am in a state of unsweetened distraction I know that my only work is to first get into the state of Inner Sweetness. Once there, then I analyse and trade. I care about how I feel before trading. I gotta 'feel' sweet!

Shivaya

Started this thread Reply With Quote
  #49 (permalink)
 fossil 
Germany
 
Experience: Intermediate
Platform: Ninjatrader
Broker: IB and zen-Fire
Trading: NQ
Posts: 92 since Apr 2010
Thanks Given: 8
Thanks Received: 39

I like to read your words and i am feeling good at this time.
But i donīt know how to become this stage of feeling like you do! And this will be my jouney!

Hopefully someday i can share your kind of trading!

Thanks
Axel

Reply With Quote
  #50 (permalink)
 
Shivaya's Avatar
 Shivaya 
Belfast N.Ireland and Brisbane Australia
 
Experience: Advanced
Platform: NinjaTrader
Broker: Stage 5
Trading: ES
Posts: 128 since Jun 2009
Thanks Given: 84
Thanks Received: 489



Anagami View Post

Thank you, thank you, thank you, for bringing this out Shivaya.

My Blissful Pleasure Anagami.

Trading futures is as I am sure you well know all about the emotional journey. Best get into the sweet state before anything else. The emotion of other traders fear makes money for the traders in the state of sweetness who just harvest their profits out of this fear.

Shivaya

Started this thread Reply With Quote
Thanked by:




Last Updated on April 6, 2015


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts