It's been almost a year since I last logged onto the futures.io (formerly BMT) site. My life has been taking a hard right turn and I've struggled to maintain my heading on life's compass. I can report one thing, love is what we're (I'm) here for. I hope you're all as fortunate as I've been to be totally supported by, a loving family, I thank them.
When I first came to Big Mikes a few years ago I started this thread with the intention to post a primer on how I trade and the personal journey that got me here. I thought I'd post for a few weeks or a month (I forget) and be finished by the end of the year, that was December 2011.
A week or so ago I came back to futures.io (formerly BMT) and quickly realized a few things I was unaware of when I was regularly posting here. During the past week I've been re-reading this (my) thread and I realized I put together some informative posts, some in great detail and some fairly crude. As time passed I struggled to find topics to post with meaningful content and I slowly began to loose interest not only to the thread but to the forum as well. I realize now part of this issue was of my own making, I didn't regularly follow other threads on futures.io (formerly BMT), just this one. I'm a Euro trader, I live and breath it, other instruments like NQ, ES and CL are of no concern to me, so why would I want to read those threads, how arrogant is that, I'm here to say I was wrong. Before I go on I want to apologize to the futures.io (formerly BMT) community for any post I may have made in the past that left any member (or reader) with the notion that "Mr" Cashish is one arrogant ___________ (feel free to fill in the blank). I (thought) I conscientiously and purposely did my best to avoid that perception every time I posted to the thread.
This week I've been following a few threads and for the first time really realize how differently different traders view the exact same group of bars on a posted chart. There were a couple charts with entries that were posted with replies to the post from other members that stood out. When I studied one of the trades on the chart, I wondered why anyone would enter a position at that level, and the next posted comment was in total support of the entry.
I'm here to say I was wrong about not following the threads of other traders, I missed out on a big piece of what Big Mike had offered me. I believe a lot can be learned of a trader by witnessing how they respond to a loss, whether it's in oil, Dow, ES or Euro the emotions are the same. The ability to take the next trade on it's own merit, and accept the outcome of every trade throughout the day individually requires, (for lack of a professional diagnosis) skill, a skill that's earned not learned. I believe we (as traders) earn the ability to practice and sharpen this skill, one trade (winning or losing) at a time.
I've had an eye on a few traders and most of them get pretty excited about a winning trade, made deep in the noise of the market on a 2,3 or 5 minute chart. This is not my perception, it's in the wording in their posts. There're all kinds of traders and IMO if you're visiting and looking for a trader to "look over their shoulder" I'm sure you'll find one here on futures.io (formerly BMT) that trades like you. Please, join in the conversation of the thread, if not here (Euro trading) there are dozens to,,, as eminitrader says, "hitch your wagon to." I invite you to join the conversation and share your opinions, because your response may be the one that offers another trader that aha moment when you or they earn their place on the next rung of the ladder of skill.
I like posting musical metaphors, some folks can relate them to trading experiences others can't. Here's a series of lyrics that scream to me, over-trading, trying to get even with the market and blowing out the account. I never had the balls or maybe it was just common courtesy that I never posted this before. I remember one day I saw a guy here on futures.io (formerly BMT) blow out a combine within a few hours, the description of his thoughts written in his post weren't that much different than Jimmy's. I believe, IMO most of guys who really really struggle to change may benefit from exploring the power of addiction. Trading (especially short term day trading) can become quite addictive, in a very real sense. How many posts have we seen that say, "I lost control, and don't know why." Are you trading or do you have something else going on, just under the surface, the answer will eventually come to the top, just like Jimmy but you can bring it up right now if you''re absolutely honest with yourself. I believe I've heard FT 71 mention "His monkey" I call it Mr Jim.
Oh, and by the way, this is thee Greatest Drummer to ever bang a stick on a drum head, if you didn't already know.
This is dedicated to all traders who ever stood up to the market
blew out the account.
Crank it up and Enjoy
Last edited by Cashish; February 21st, 2015 at 10:57 PM.
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I've tracked your footsteps into other folks threads and what shows is nothing more than an unselfish attempt to help others.
As well, you've done an outstanding job here in your own thread which in turn has helped me immensely (as noted here and there.)
A few posts back I said you are a good man Mr Cashman which was not said with nut sack licking in mind.
Not to step on your toes but you might find Neil Peart an interesting person esp his book Ghost Rider.
And yes my last comment incorporates some partiality.
"Are you trading or do you have something else going on,"
It's funny (well not really) you say that. Every time I go back and review my charts to figure out how I missed a high probability set up, it typically boils down to ONE thing. I was not paying attention because I was jacking off.
For the folks that are popping in and reading the last few pages of posts, please take time to read the blog/ thread through - you will learn something (one of my favorites is slap on your jockstrap, grab the saddle horn.....)
Last edited by WilleeMac; February 22nd, 2015 at 11:02 AM.
Reason: sp, clarify
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