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Search: Posts Made By: Sandpaddict

Forum: Psychology and Money Management

May 16th, 2021, 04:13 PM

Replies: 201

I finally blew up an account

Views: 33,141

Posted By Sandpaddict

I didn't do the math either but I'm assuming it's...

I didn't do the math either but I'm assuming it's betting the whole thing everytime to get those kind of numbers?

I'm on the fence about the "it's your money thing".

In my view, it's ONLY your...

Forum: Psychology and Money Management

May 16th, 2021, 12:50 PM

Replies: 201

I finally blew up an account

Views: 33,141

Posted By Sandpaddict

I really like this analogy as you NEED all three....

I really like this analogy as you NEED all three.

Thank you

Sent using the NexusFi mobile app (https://on.futures.io/app)

Forum: Psychology and Money Management

May 15th, 2021, 12:19 PM

Replies: 201

I finally blew up an account

Views: 33,141

Posted By Sandpaddict

I agree with GH0ST 0P. The reason you keep...

I agree with GH0ST 0P.

The reason you keep repeating the same mistakes is because your not addressing the REAL issue.

Take your list here:

-------------
1. --Never Risk More Than 2% Of your...

Forum: Psychology and Money Management

May 6th, 2021, 12:36 PM

Replies: 201

I finally blew up an account

Views: 33,141

Posted By Sandpaddict

Yeup. Great points. It's true that these are...

Yeup. Great points.

It's true that these are apples and oranges comparisons.

We as retail traders don't benchmark ourselves against the indexes (although we should know what kind of average vs...

Forum: Psychology and Money Management

May 6th, 2021, 11:05 AM

Replies: 201

I finally blew up an account

Views: 33,141

Posted By Sandpaddict

Thats actually fantastic advice! The problem...

Thats actually fantastic advice!

The problem is we don't listen. Lol. I'm just starting to make money somewhat consistently now after 6 years! Some take over a decade! And some sadly never make it...

Forum: Psychology and Money Management

May 6th, 2021, 10:13 AM

Replies: 201

I finally blew up an account

Views: 33,141

Posted By Sandpaddict

Well as much as I agree I think it's a little...

Well as much as I agree I think it's a little more nuanced than that.

First off. The S&P is the benchmark. Why would you want to put the risk and effort in if you can't beat the benchmark? You'd...

Forum: Psychology and Money Management

May 6th, 2021, 10:00 AM

Replies: 201

I finally blew up an account

Views: 33,141

Posted By Sandpaddict

Yes. The most powerful one in the universe. ...

Yes. The most powerful one in the universe.

The one between your ears!

Sent using the NexusFi mobile app (https://on.futures.io/app)

Forum: Psychology and Money Management

May 6th, 2021, 09:55 AM

Replies: 201

I finally blew up an account

Views: 33,141

Posted By Sandpaddict

Although I never thought of that it would be...

Although I never thought of that it would be interesting to hear what he had to say.

Sent using the NexusFi mobile app (https://on.futures.io/app)

Forum: Psychology and Money Management

May 6th, 2021, 09:53 AM

Replies: 201

I finally blew up an account

Views: 33,141

Posted By Sandpaddict

Couldn't agree more. 13 pages of...

Couldn't agree more.

13 pages of unbelievable advice. Im sure not much will change.

We tend to "see" information that fits with what we believe and without realizing "filter"out the rest.
...

Forum: Psychology and Money Management

May 6th, 2021, 09:49 AM

Replies: 201

I finally blew up an account

Views: 33,141

Posted By Sandpaddict

Hello SLMacKellar. Will power has truly been...

Hello SLMacKellar.

Will power has truly been proven to be limited. It also been proven that people have different varying degrees to begin with.

Having said that I'm reading a ground breaking...

Forum: Psychology and Money Management

May 4th, 2021, 10:22 AM

Replies: 201

I finally blew up an account

Views: 33,141

Posted By Sandpaddict

I hate to say it but I agree with a sbogatin. ...

I hate to say it but I agree with a sbogatin.

This is fantastic and gets right to the why trading so hard.

"...Including my inability to assess probability, I simply walk away..."

Assessing...

Forum: Psychology and Money Management

May 2nd, 2021, 11:19 PM

Replies: 201

I finally blew up an account

Views: 33,141

Posted By Sandpaddict

I'm already into it and it IS head and shoulders...

I'm already into it and it IS head and shoulders above ANYTHING I've ever read on the subject of the psychology of trading.

Blow... you need to read this book. You WILL fall back into the same...

Forum: Psychology and Money Management

May 2nd, 2021, 02:55 PM

Replies: 201

I finally blew up an account

Views: 33,141

Posted By Sandpaddict

Wow ok. Sent using the NexusFi mobile app...

Wow ok.

Sent using the NexusFi mobile app (https://on.futures.io/app)

Forum: Psychology and Money Management

May 2nd, 2021, 02:12 PM

Replies: 201

I finally blew up an account

Views: 33,141

Posted By Sandpaddict

I never thought about doubling my risk as a way...

I never thought about doubling my risk as a way of convincing myself to do it.

If I want a max $1000 daily loss. I'm very unlikely to tell my broker to cut it there as I would be upset if I got...

Forum: Psychology and Money Management

May 2nd, 2021, 12:49 PM

Replies: 201

I finally blew up an account

Views: 33,141

Posted By Sandpaddict

Unfortunately Blew I personally don't think you...

Unfortunately Blew I personally don't think you are there yet.

Please understand I mean no harm but based on your response to all the feedback it sounds like your going right back in with the same...

Forum: Psychology and Money Management

May 2nd, 2021, 12:15 PM

Replies: 201

I finally blew up an account

Views: 33,141

Posted By Sandpaddict

I just bought this book based on the table of...

I just bought this book based on the table of contents within a minute.

I can't bring myself to read another new trading book lately. They are usually rehashes or plainly wrong.

Looking only...

Forum: Psychology and Money Management

May 2nd, 2021, 11:49 AM

Replies: 201

I finally blew up an account

Views: 33,141

Posted By Sandpaddict

This post should highlighted. Sent using the...

This post should highlighted.

Sent using the nexusfi.com mobile app (https://on.nexusfi.com/app)

Forum: Psychology and Money Management

May 1st, 2021, 05:06 PM

Replies: 201

I finally blew up an account

Views: 33,141

Posted By Sandpaddict

I would caution here. As goodoboy is...

I would caution here.

As goodoboy is probably right you probably mabe outsized bets to make outsized gains.

No issues with that but losses have to be controlled like a scientist

Your "Risk...

Forum: Psychology and Money Management

May 1st, 2021, 04:00 PM

Replies: 201

I finally blew up an account

Views: 33,141

Posted By Sandpaddict

Of all the advice... which you already know I...

Of all the advice... which you already know I think this might be the one you need the most next to a MAX position size relative to your account. That will keep those revenge trades to a minimum.
...

Showing results 1 to 19 of 19

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