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Beth's Journey to Make Her Millions
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Beth's Journey to Make Her Millions

  #1711 (permalink)
Elite Member
Vancouver, BC
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Amp Futures/CQG and Interactive Brokers
Favorite Futures: ES
 
exiledgoblin's Avatar
 
Posts: 65 since Aug 2009
Thanks: 6 given, 14 received

Metal,

Might I suggest that you ease up a bit...as in ease up on the boasting and ease up on the heavy-handed berating of other people.


MetalTrade View Post
but why did you signed up ? don't do that! it's way too soon to trade somebody elses money!

that's such a loss of effort and time, why can't you stick to something

again, sorry wgreenie, you're like always 'up to something new' .... please think about it


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  #1712 (permalink)
Live Your Bliss
Canary Islands, Spain
 
Futures Experience: Advanced
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One of the best things a developing trader can do is to get over one's narcissistic sensitivities... and listen to advice of traders who have been around much longer.

Endlessly switching from one approach to another for months / years leads nowhere... but most of us have to take that trip before we're ready to 'settle down'.

"...the degree to which you think you know, assume you know, or in any way need to know what is going to happen next, is equal to the degree to which you will fail as a trader." - Mark Douglas
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  #1713 (permalink)
Membership Revoked
 
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exiledgoblin View Post
Metal,

Might I suggest that you ease up a bit...as in ease up on the boasting and ease up on the heavy-handed berating of other people.

Exiledgoblin, So is this your thread ?

I try to help wgreenie by pointing out that the problem is she's always jumping searching for another tool/indicator/system.

That's just my personal opinion, of course, I respect yours.

 
  #1714 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Optimus Futures
Favorite Futures: 6E
 
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Anagami View Post
One of the best things a developing trader can do is to get over one's narcissistic sensitivities... and listen to advice of traders who have been around much longer.

Endlessly switching from one approach to another for months / years leads nowhere... but most of us have to take that trip before we're ready to 'settle down'.

Of course it leads nowhere (or is that now here?). Everything leads us somewhere. Perhaps somewhere we need to be. I don't understand all the rush these days. All seem to be driving faster, talking faster, reading emails faster (and missing MOST of what I was trying to convey to them in the email!) What's the rush? Is there a fire somewhere that I wasn't aware of? It's like all these people found out the world was ending & realized they forgot to pack! Slow down. Take time. If it's supposed to, it WILL happen.

We have to learn from our OWN mistakes. Not someone else's.
I have rarely known anyone who took my advice.
They almost always take their own.

That's how we learn & grow. It's a necessary part of life. I think as a trader, that's how we approach, develop, refine and ultimately find our own individual "holy grail". It's a search for what's buried deep inside us. Most, if not all of us, at one time or another kept changing things until it "felt" right or until we got it right. Beth is doing what is necessary for all of us to eventually get to that point of confidence.

I've seen and heard a whole bunch of seasoned professional traders out there whose advice I would NOT want to take. It works for them, but that's not for me. It's ok to listen, learn, and then discern. We have to find our own way.

I just adopted 2 kittens last week and it's amazing to see how they keep 'changing' things until they find something that works. They keep at it, and at it and at it until they find a way that works for them.

It's the perseverance, commitment and consistency that will ultimately pay off for you, Beth.

Keep it up Beth! You're doing what you need to do.

After all, it's what you learn AFTER you know it all, that counts!
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  #1715 (permalink)
Live Your Bliss
Canary Islands, Spain
 
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TheWizard View Post
Of course it leads nowhere (or is that now here?). Everything leads us somewhere. Perhaps somewhere we need to be. I don't understand all the rush these days. All seem to be driving faster, talking faster, reading emails faster (and missing MOST of what I was trying to convey to them in the email!) What's the rush? Is there a fire somewhere that I wasn't aware of? It's like all these people found out the world was ending & realized they forgot to pack! Slow down. Take time. If it's supposed to, it WILL happen.

We have to learn from our OWN mistakes. Not someone else's.
I have rarely known anyone who took my advice.
They almost always take their own.

That's how we learn & grow. It's a necessary part of life. I think as a trader, that's how we approach, develop, refine and ultimately find our own individual "holy grail". It's a search for what's buried deep inside us. Most, if not all of us, at one time or another kept changing things until it "felt" right or until we got it right. Beth is doing what is necessary for all of us to eventually get to that point of confidence.

I've seen and heard a whole bunch of seasoned professional traders out there whose advice I would NOT want to take. It works for them, but that's not for me. It's ok to listen, learn, and then discern. We have to find our own way.

I just adopted 2 kittens last week and it's amazing to see how they keep 'changing' things until they find something that works. They keep at it, and at it and at it until they find a way that works for them.

It's the perseverance, commitment and consistency that will ultimately pay off for you, Beth.

Keep it up Beth! You're doing what you need to do.

I'm sorry Wizard, I am too much in a rush to reply to that.

"...the degree to which you think you know, assume you know, or in any way need to know what is going to happen next, is equal to the degree to which you will fail as a trader." - Mark Douglas
 
  #1716 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
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aquarian1's Avatar
 
Posts: 3,229 since Dec 2010
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I congratulate Beth on an honest and open journal.

Beth has displayed a lot of persistence and continuation in intelligently adapting and modifying her methods and learning from her experience and the experience of others. I commend her for it.


Anagami View Post
....
Endlessly switching from one approach to another for months / years leads nowhere......

To use the word "endlessly" puts an unnecessary negative tone into Beth's journal. If something isn't working or it doesn't work for you then it makes sense to switch and try something else. To keep doing what you are doing an expect different results in not intelligent.

Your statement is also untrue. Changing and adapting is how we learn.


Anagami View Post
One of the best things a developing trader can do is to get over one's narcissistic sensitivities... and listen to advice of traders who have been around much longer.

Who are you referring to with "narcissistic sensitivities"? This phrase is not polite and has no place in this forum and certainly not in someone's personal trading journal. The whole seems full of know-it-alls who would foist their unasked for opinion on someone else. Being around a long time is not necessarily the hallmark of a person qualified to give advice.

I don't see your journal posted. Do you have one? If you have a great system then why not share it Beth?

Keep your mind in the future, in the now.
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  #1717 (permalink)
Membership Revoked
 
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the old signature bigmike had said it all

there is no better thread than this one to implement it...

 
  #1718 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
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Thanks everyone for your tips. I slowed down this week as I am still under the weather. This morning was very bad .. never felt so sick in years.

Good news: I did a 10-pip 6E trade for my program yesterday .. regained some lost ground. Went over 30 after my exit yet I was happy for my 1-contract runner. Can't expect to have a mega runner unless or until I have faith in my Market Profile reading lol!

How I define an ideal trading system?

1. Give specific entry point
2. Offer rewarding risk/reward ratio (at least 1:1 and ideally better)
3. Provide room to run .. not just 4-5 pips
4. Offer guidance to adjust stoploss according to price movement
5. Give warning alert

Last but not least, I must have the required confidence and competence in executing the signals on a consistent/successful manner. Getting there .. smile ..

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
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  #1719 (permalink)
Market Wizard
whitestone, new york
 
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hey Beth, i hope you are feeling better, being sick is no fun.i read your journal, and apparently, alot of others do!i see the difference in opinions, and the conviction behind them..the important thing, is everyone is rooting for you!!
i went back to simulating , in january this year.i started getting up at 3 am to watch the 6b and 6e.not to trade....to create
i felt , if i were to get to the next level, i needed to do the work necessary.i sent you a message, asking about the holy grail, and ended up using perrys methodology.
its remarkable, that, after the various rooms ive been in, and all the people i spoke with, how off track i had gotten a few times.but, each time, i recovered quicker, and realized that all the sidetracks that i took, were necessary.i say this , because , i feel that, after a long 4 months of realistic hard work, i have a simple method i believe in.my charts are no longer covered with indicators.just a few mov avgs, and a macd.
it sounds like you have been searching for a while , like me.i listened to mikes webinar, and he talks about not changing indicators and methods.i agree.i would venture to think, that most of the setups i looked at for the past few months,would have worked fine, but i didnt give them a chance, as i moved on to something else.the only changes i make now are subtle.
i told a friend, that , i wanted to stop pondering this stuff 24 hours a day.i just want to turn on the computer, work my scheduled time frame, and shut off the computer, and forget about it.finding a simple method, and keeping my charts , helped.but heres the thing, i had to go thru all the other stuff, to finally get to this point
well, still simulating here, and i am cautiously optimistic.part of my discipline , is to just do what ive been doing, because it has been working.simple.you hang in there Beth, we are all rooting for you
Bobby

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  #1720 (permalink)
 Vendor: www.ezcolortrading.com 
Cambridge, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: 6E
 
Posts: 1,773 since Dec 2009
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Recap for the Third Week


A crispy one .. smile ..

Only did 3 trades for the program this week, ie

Tue 1 2-contract CL -16 (2 x -8)
Wed 1 1-contract 6E +10 (1 x 10)
Fri 1 2-contract CL +20 (2 x 10)

Note: I did not count my great performance on Ninja lol. Also stopped using the Ninja DOM so that I am more focussed.

I cannot recall what happened to the CL losing trade. Believe I was getting anxious to place a trade. Will check the trade time and review the signal this weekend. Am satisfied with the weekly result. For the coming/last week, I plan to place 2 trades (if I am quick enough), ie 1 2-contract and 1 1-contract ones with the third contract as a potential runner.

Time to sign-off and wishing you all a Relaxing weekend.

Beth

Good Trading is about Trading Right!
Want What the Market Wants!
Trade With the Trend!
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