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Search: Posts Made By: Eric j
Forum: Psychology and Money Management November 22nd, 2011, 05:03 AM
Replies: 75
Views: 20,036
Posted By Eric j
Agreed . The point here is that the ones without...

Agreed . The point here is that the ones without experience can easily make mistakes that cost them painful amounts of money and even worse damaging psychological effects that become a barrier to...
Forum: Psychology and Money Management November 21st, 2011, 04:31 PM
Replies: 75
Views: 20,036
Posted By Eric j
Very kind words and much appreciated . Hope some...

Very kind words and much appreciated . Hope some of this really helps someone or everyone save some $ or their sanity when the markets twist their psyches in a knot .

Did you ever answer a...
Forum: Psychology and Money Management November 4th, 2011, 07:09 AM
Replies: 75
Views: 20,036
Posted By Eric j
I work outside the office . Setups dont occur for...

I work outside the office . Setups dont occur for me every day but I stay on top of whats happenning with my cellphone . Recently , I reached out to some that traded on their phones and got some...
Forum: Psychology and Money Management November 4th, 2011, 04:32 AM
Replies: 75
Views: 20,036
Posted By Eric j
Its also worth noting something else that I have...

Its also worth noting something else that I have to come to grips with . These larger tfs or overall sr levels tell a story that ties in with staying focussed and calm very nicely .

Going back...
Forum: Psychology and Money Management November 4th, 2011, 03:18 AM
Replies: 75
Views: 20,036
Posted By Eric j
Thanks for the kind words . Above the ability to...

Thanks for the kind words . Above the ability to be patient would be the ability to accept whatever happens after the trade has been executed .

For myself I use the following procedure -
I...
Forum: Psychology and Money Management October 30th, 2011, 11:57 AM
Replies: 75
Views: 20,036
Posted By Eric j
I took a little (and will take more) time to...

I took a little (and will take more) time to absorb this useful post and wish to thank you again for taking the time and effort to share this .

My philosophy for trading is that simple...
Forum: Psychology and Money Management October 29th, 2011, 11:47 AM
Replies: 75
Views: 20,036
Posted By Eric j
Conviction - thats it right there , conviction ....

Conviction - thats it right there , conviction . How many times has this scenario taken place .......

1. A trader makes a string of winning trades and continues trading their plan .
2. That...
Forum: Psychology and Money Management October 29th, 2011, 09:58 AM
Replies: 75
Views: 20,036
Posted By Eric j
The meaning of common sense

From Merriam webster online dictionary - Common sense , noun : sound and prudent judgment based on a simple perception of the situation or facts . Since its a noun its a "thing" and not an action and...
Forum: Psychology and Money Management October 27th, 2011, 07:56 AM
Replies: 75
Views: 20,036
Posted By Eric j
Thats good enough for me

Something that is hard to accept when trading is missing a huge move after you exit with a profit or missing the whole thing altogether . Accepting whatever happens is what makes great traders .
...
Forum: Psychology and Money Management October 27th, 2011, 07:21 AM
Replies: 75
Views: 20,036
Posted By Eric j
Agreed . What I and many others experience is...

Agreed . What I and many others experience is finding something , a pattern or indicator , that when tested against a market produces profits but when traded live fails to produce . What I then found...
Forum: Psychology and Money Management October 25th, 2011, 07:35 PM
Replies: 75
Views: 20,036
Posted By Eric j
How to trade

Have you ever wondered why a trading method or approach that backtests well or visually appears to give good signals fails when you take it to the market ? This drove me crazy for years and cost me...
Forum: Psychology and Money Management October 25th, 2011, 10:35 AM
Replies: 75
Views: 20,036
Posted By Eric j
Small doesnt come into play for me . "Small" to...

Small doesnt come into play for me . "Small" to me is not risking a chunk of my equity big enough to need a very exponentially large win to offset it . I found that no matter what the risk its...
Forum: Psychology and Money Management October 24th, 2011, 07:55 AM
Replies: 75
Views: 20,036
Posted By Eric j
Maybe Im the only one to notice this but it seems...

Maybe Im the only one to notice this but it seems almost every successful trader online has something to sell . Many have goods and services for sale in one form or another and some are even of great...
Forum: Psychology and Money Management October 19th, 2011, 07:15 PM
Replies: 75
Views: 20,036
Posted By Eric j
Anek = guru , seems theres always hard feelings...

Anek = guru , seems theres always hard feelings when gurus are left in charge . Point is dont follow when you can lead . Heres what strikes me about suris post over there at ET ......

Trading...
Forum: Psychology and Money Management October 19th, 2011, 02:22 PM
Replies: 75
Views: 20,036
Posted By Eric j
So far Ive revealed that I found it necessary to...

So far Ive revealed that I found it necessary to change the way I was thinking in order to save myself from getting swallowed by the market . Maybe you already have the right attitude or the way you...
Forum: Psychology and Money Management October 17th, 2011, 11:57 AM
Replies: 75
Views: 20,036
Posted By Eric j
Glad to hear this . Its apparent that when most...

Glad to hear this . Its apparent that when most people start hearing or reading something that contains "psychology" they tune out . When they hear or read something containing "how to" or "secrets...
Forum: Psychology and Money Management October 17th, 2011, 09:11 AM
Replies: 75
Views: 20,036
Posted By Eric j
Why keeping your profits is so difficult

For me , keeping what I earn in profits has been the hard part of trading and entering trades that offer profits has been among the easiest parts of trading .

For a large part of my trading...
Forum: Psychology and Money Management October 15th, 2011, 07:28 AM
Replies: 75
Views: 20,036
Posted By Eric j
Busy,busy,busy am I . Trading,working,managing a...

Busy,busy,busy am I . Trading,working,managing a home and family along with everyday life . Im one to take responsibility when others fail to do so for some reason .

In my youth I was in trouble...
Forum: Psychology and Money Management October 10th, 2011, 08:57 PM
Replies: 75
Views: 20,036
Posted By Eric j
The plan

Ive read a lot of trading books during the course of my trading career so far . Ive sat down and heard/seen many webinars about trading as well . I enjoy what others have to teach on the subject but...
Forum: Psychology and Money Management October 10th, 2011, 07:10 AM
Replies: 75
Views: 20,036
Posted By Eric j
The age old debate about indicators

If you google " trading indicators " you get 20,900,000 results in .19 seconds . Thats a lot of information to sort through on any given day . Browsing through a few trading forums and looking at a...
Forum: Psychology and Money Management October 7th, 2011, 04:51 AM
Replies: 75
Views: 20,036
Posted By Eric j
Trading requires we risk more than money . Thats...

Trading requires we risk more than money . Thats what I failed to consider at first and I bet most fail to consider this . Just one other thing we risk is the most valuable , irreplaceable asset we...
Forum: Psychology and Money Management October 7th, 2011, 04:05 AM
Replies: 75
Views: 20,036
Posted By Eric j
Thanks for the encouragement . Its strange how...

Thanks for the encouragement . Its strange how each individual interprets risk . I think all the time how in our everyday life we can accept risks that can get us killed easily or do serious harm but...
Forum: Psychology and Money Management October 5th, 2011, 05:10 PM
Replies: 75
Views: 20,036
Posted By Eric j
Noticing that I had a history of poor decision...

Noticing that I had a history of poor decision making opened up a can of worms for me in regards to my trading activities and pretty much every other aspect of my life . This was a good thing since I...
Forum: Psychology and Money Management October 5th, 2011, 03:06 PM
Replies: 75
Views: 20,036
Posted By Eric j
Nice fish . The ego can ruin an otherwise...

Nice fish . The ego can ruin an otherwise capable trader . I learned not to be flashy or even talk about money with anyone but the tellers at the bank . I dont need much and have all I need - a...
Forum: Psychology and Money Management October 4th, 2011, 06:43 PM
Replies: 75
Views: 20,036
Posted By Eric j
Protecting your trading account is the only thing...

Protecting your trading account is the only thing you need to accomplish to succeed in trading . Thats something I read in every book about trading Ive ever read and agree with 100% . But , to me its...
Showing results 1 to 25 of 28

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