NexusFi: Find Your Edge


Home Menu

 





Finally Turning the Corner, tha "its 80% Psychology" thing...


Discussion in Psychology and Money Management

Updated
      Top Posters
    1. looks_one TropicalTrader with 106 posts (511 thanks)
    2. looks_two joe s with 14 posts (15 thanks)
    3. looks_3 Big Mike with 8 posts (52 thanks)
    4. looks_4 Sandpaddict with 8 posts (16 thanks)
      Best Posters
    1. looks_one Grantx with 8.3 thanks per post
    2. looks_two Big Mike with 6.5 thanks per post
    3. looks_3 josh with 5.7 thanks per post
    4. looks_4 TropicalTrader with 4.8 thanks per post
    1. trending_up 61,535 views
    2. thumb_up 971 thanks given
    3. group 599 followers
    1. forum 241 posts
    2. attach_file 12 attachments




View Poll Results: Do You Even Scalp Bro?
Nope 63 27.39%
Nope
63 27.39%
Yea, under 10 round-turns a day 95 41.30%
Yea, under 10 round-turns a day
95 41.30%
Yea, avg 10-20 round-turns a day 46 20.00%
Yea, avg 10-20 round-turns a day
46 20.00%
Yea, over 20 round-turns a day 26 11.30%
Yea, over 20 round-turns a day
26 11.30%
Voters: 230. You may not vote on this poll

 
Search this Thread

Finally Turning the Corner, tha "its 80% Psychology" thing...

  #21 (permalink)
 TropicalTrader 
Vancouver Canada
 
Experience: Intermediate
Platform: Sierra Chart
Broker: EdgeClear Rithmic
Trading: MES
Posts: 125 since Feb 2016
Thanks Given: 241
Thanks Received: 552

Risk reduced, stops tightened. Wrong at that level. R Factor just improved bigtime. "Perceived Probability" still good


Follow me on Twitter Started this thread Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
NexusFi Journal Challenge - April 2024
Feedback and Announcements
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Exit Strategy
NinjaTrader
Build trailing stop for micro index(s)
Psychology and Money Management
Are there any eval firms that allow you to sink to your …
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
36 thanks
NexusFi site changelog and issues/problem reporting
22 thanks
The Program
20 thanks
GFIs1 1 DAX trade per day journal
19 thanks
  #22 (permalink)
 TropicalTrader 
Vancouver Canada
 
Experience: Intermediate
Platform: Sierra Chart
Broker: EdgeClear Rithmic
Trading: MES
Posts: 125 since Feb 2016
Thanks Given: 241
Thanks Received: 552

Half off, half to go, I might be leaving money on the table here but this night owl needs to go to bed soon..


Follow me on Twitter Started this thread Reply With Quote
Thanked by:
  #23 (permalink)
 TropicalTrader 
Vancouver Canada
 
Experience: Intermediate
Platform: Sierra Chart
Broker: EdgeClear Rithmic
Trading: MES
Posts: 125 since Feb 2016
Thanks Given: 241
Thanks Received: 552


Ok, last trade, "roof reversal triple top" short


Follow me on Twitter Started this thread Reply With Quote
Thanked by:
  #24 (permalink)
 TropicalTrader 
Vancouver Canada
 
Experience: Intermediate
Platform: Sierra Chart
Broker: EdgeClear Rithmic
Trading: MES
Posts: 125 since Feb 2016
Thanks Given: 241
Thanks Received: 552

out first half, second at be (break even)

good night folks~ remember to stay rigid with your risk and flexible with your expectations

#greenday



Follow me on Twitter Started this thread Reply With Quote
Thanked by:
  #25 (permalink)
 TropicalTrader 
Vancouver Canada
 
Experience: Intermediate
Platform: Sierra Chart
Broker: EdgeClear Rithmic
Trading: MES
Posts: 125 since Feb 2016
Thanks Given: 241
Thanks Received: 552

ok, very last trade, lol

"triple bottom, pop tha top special", entry slightly late


Follow me on Twitter Started this thread Reply With Quote
Thanked by:
  #26 (permalink)
 TropicalTrader 
Vancouver Canada
 
Experience: Intermediate
Platform: Sierra Chart
Broker: EdgeClear Rithmic
Trading: MES
Posts: 125 since Feb 2016
Thanks Given: 241
Thanks Received: 552

woop, there it is.. to quote FT71 "I landed on the right side of probability".


A lil gem, for me I prefer working in 1/2's rather then 3rds.. It keeps me more flexible and less entangled in trade ideas. My nemesis is "big deals" and "overconfidence". #KnowYourKryptonite

If I was to keep trading (I'm not, going to bed for reals), I would now have a long bias and look for pullback entries over the next few hours . (keeping an eye on nq and es levels).. new highs, impulsive move up here, exciting territory.. Maybe a sharp fake down and then it gets stuck and some momentum back up?

(on the flip - if this was to sell off hard (impulsive move 40 points or so down and es and nq looked weak, my bias would flip to shortside) Scalpers stay malleable..



Follow me on Twitter Started this thread Reply With Quote
Thanked by:
  #27 (permalink)
 redneck4Christ 
Vancouver, WA
 
Experience: Intermediate
Platform: Jigsaw, MC.NET, ToS, SC
Broker: APEX,IronBeam/Rithmic, ToS
Trading: Emini ES & CL
Posts: 88 since Apr 2019
Thanks Given: 1,032
Thanks Received: 146


TropicalTrader View Post


After investigating many dozens of teachers and strategies over the years, I feel so much gratitude for discovering those listed on this page. Many others have helped in small ways but each of these people have helped me hugely.


My favorite trading psychogist is Dr. Andrew Menaker. (I love Dr. Brett Steenbarger too, but I relate more with Andrew because he's a full-time trader) His webinars have helped me tons. I've listened to each one of these on youtube at least 5-6 times and will continue to listen often - plus I will take his paid course after I've earned the funds from trading and personal coaching one day when I'm hitting big goals.
[yt]https://www.youtube.com/results?search_query=andrew+menaker[/yt]

My 4 Favorite Trading Mentors (alphabetical order)

Al Brooks (Price Action Trading)
Merritt Black (SMB Futures)
Morad Askar (aka FuturesTrader71)
Steve W (Paracurve)

Immense thankyou mentors. And huge thanks to Big Mike for this epic community and all of the effort to make this a ridiculously amazing forum.

1st, thank you for sharing your valuable insights.

I really learned a lot that was helpful in trading and life in general by taking Andrew Menaker's course. And he is just a good man who is willing to respond as much as possible to questions and comments. I think you will gain a lot from his course as well.

Thanks again from Jeff from the other Vancouver.

Reply With Quote
  #28 (permalink)
NCfarmer
charlotte,nc,usa
 
Posts: 1 since Mar 2019
Thanks Given: 9
Thanks Received: 1

Trading in the Zone by Mark Douglas big help.

Reply With Quote
  #29 (permalink)
 
CannonTrading's Avatar
 CannonTrading   is a Vendor
 
Posts: 216 since Mar 2013
Thanks Given: 77
Thanks Received: 183


TropicalTrader View Post


My first post - I'd like to give something back to this epic forum. I haven't spent a ton of time on here, but I've received some very valuable info/contacts. I've been feeling the huge value of this community and recently decided to buy an elite membership to show support. For those who can relate to what I'm about to share, I hope this helps at least 1 person. ;

]

Great stuff. Glad you shared it as there is so much truth in there on many levels.

I recently did a webinar called why most futures traders lose and i think it fits very well with the post and valuable information shared.

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
Follow me on Twitter Reply With Quote
  #30 (permalink)
 
DavidBodhi's Avatar
 DavidBodhi 
Milwaukee, WI, USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Equities
Posts: 209 since Oct 2014
Thanks Given: 23
Thanks Received: 207



TropicalTrader View Post
Nice, Thanks for sharing this! GEMS


ya, tick-itis is a thang..

5-10 years I was a yogi (teaching yoga & doing webdesign in tropical places like Koh Phangan Thailand and Big Island, Hawaii) and as I did/had done lots of meditation, I thought I had my mental game down. But, it wasn't "suffish".. There's a lot to the performance arts. Its relatively easy to be cool when our stress levels are low, what about when the stress levels are higher? Do you tilt? and if so: how often and how badly?


I just wanted to jump in briefly and say what a great initial posting you've made and how encouraging it is.

I very recently stopped aiming for the big scores (after more than six years, believe it or not) and got it thru my thick head to go for 5-10 tick trades, as you mentioned, and to scale up slowly, recognizing that 1 point of profit with 5 ES contracts, per day, would give me more per year than I was making at my last IT job. And it's not that hard, now that I have all those years of 6-8 hrs a day of screen time.

Restricting myself to decent setups, keeping my losses no larger than my average wins and just plugging along, BREATHING and putting my attention on something else when a trade is on, to cleanse myself of my severe tick-itis does, in fact, make all the difference in the world.

And, as another former yogi, you're right. It's very helpful, but not enough, to have maintained serenity in a low stress life. Gotta keep breathing thru these trades. Set a stop, set a target and GTFO of the office till it's done.

Anyway, thanks again. Great thread, after the recent 'desperation threads' that have been started.

Follow me on Twitter Reply With Quote




Last Updated on April 13, 2021


© 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