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How many times have you walked away from trading and have come back?
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How many times have you walked away from trading and have come back?

  #1 (permalink)
Site Administrator
Manta, Ecuador
 
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Big Mike's Avatar
 
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How many times have you walked away from trading and have come back?

Hi guys,

Happy New Year!

I want to thank @Silver Dragon for the idea for our newest poll, and I ask that you please cast your vote but more importantly post in the thread and contribute to the conversation -- why did you walk away, why did you come back -- what changed during that period, and more.

How many times have you walked away from trading and have come back? (please discuss in thread)

 


Mike

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2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
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  #2 (permalink)
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  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 47,779 since Jun 2009
Thanks: 30,462 given, 90,623 received


I personally voted that I've never walked away. I can truthfully say that in more than 20 years trading (geez I guess 25 now), I have never walked away from trading. I have walked away from several projects I created inside of trading (certain ambitions and side projects mostly on the algo side), but never completely from trading.

I have of course blown up a few accounts, which I've written about in detail before -- but after overcoming some risk and money management issues as well as deeply expanding my understanding of psychology, I was able to start putting money in the bank.

Looking forward to what others have to say. Please share.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member (see why)

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
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  #4 (permalink)
McAllen, TX
 
Trading Experience: Intermediate
Platform: Multicharts, Sierracharts
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Posts: 51 since May 2013
Thanks: 55 given, 83 received

My Trading History

I am pretty determined to make it in trading. I really like the freedom that it brings, mainly that you don't have to work for no one else. I have blown up a lot of small accounts and combines. I have done good for a while and then in the past I have over leveraged my trades, trying to make more money quicker instead of grinding it out and it back fires. Also other times things have definitely not gone my way and I have been left feeling bewildered with my confidence shaken.

I have taken breaks from trading but I plan to always come back. As its what I want to do and it brings me joy.

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  #5 (permalink)
Maine, USA
 
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Zachary Standley's Avatar
 
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I haven't walked away and I never will. Of course, I've been incredibly discouraged at points and had intrusive thoughts of quitting after the 10th loser in a row, but that was my own immaturity speaking. Becoming then staying a profitable trader is an ideal, one which I could never truly turn my back on. I feel that if I were to quit, it would be out of my own failure to take responsibility for myself and my actions. So, quitting really isn't an option in that sense.

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  #6 (permalink)
Market Wizard
Evans GA/USA
 
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I walk away at least 2-4 times every day! Usually to go to the bathroom or get something to eat. Oh wait..... that's not what you are asking is it?

I have walked away a few times. Mostly due to other distractions or obligations. Even when I am not actively trading I will look at charts a few times a week just to see what the markets are doing or what I am missing out on.

Just because you have stopped trading doesn't mean you have quit.

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  #7 (permalink)
Super Moderator
Sarasota FL
 
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bobwest's Avatar
 
Posts: 5,360 since Jan 2013
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As of now, "Haven't walked away" is the runaway winner. It's what I chose also.

At first I had been thinking of the many times I have walked away and then come back, but when I read @Big Mike's post I realized that I had never truly "walked away," just temporarily moved to other things (like making a living, minor stuff like that), that were sometimes-necessary side-trips on the way to getting on with trading, not actual abandonment of the enterprise.

So I could have said "5+" and I wouldn't have been wrong in one sense, but the best answer, taking into account the entire period I've been involved in trading (quite a few years), is actually "Never," so that's what I put down.

Perhaps I'm a persistent idiot. I'll say it's just a work in progress. Sounds better, anyway.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote

Last edited by bobwest; January 16th, 2020 at 05:56 AM.
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  #8 (permalink)
Reno, Nevada
 
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Platform: NinjaTrader
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phantomtrader's Avatar
 
Posts: 289 since May 2011
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I stopped trading a number of times when I realized I needed to adjust my strategy i.e. losing money!!!
But always came back.

Considering the amount of time I've had to put in to become a profitable trader, I could have become a brain surgeon 3 times over!!

It's a tough business. The question is would I do it again knowing what I know now? Probably not.

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  #9 (permalink)
Market Wizard
Columbus OHIO
 
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MiniP's Avatar
 
Posts: 1,050 since May 2017
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I have personally never walked away, there have been times that I have not been deeply involved in trading but I have never given it up. I think breaks are okay or maybe distancing your self during certain periods like holidays and such but walking away has never been a thought for me.

There have been some super shitty times and there have been some amazing times but I don't know what I would do with my self if I didn't "trade". I don't like to use things/jobs to describe my self but I'm a trader and some times that means you gotta deal with the shitty days.

-P

"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
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  #10 (permalink)
Site Administrator
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
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Big Mike's Avatar
 
Posts: 47,779 since Jun 2009
Thanks: 30,462 given, 90,623 received


If you have a new poll suggestion, please post here:

https://futures.io/elite-circle/47729-next-new-poll-ideas.html

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member (see why)

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to Big Mike for this post:

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