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

  #701 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,237 received

Hi Beth,

You can do it. You have to believe in yourself. And you have to set positive forward thinking goals and do them in bite sizes slowly over time.

Close your eyes. Breath deeply. Exhale. Relax. Sit quietly for 60 seconds. Now, with your eyes still closed, picture yourself and your husband in the future. Picture yourself near the end of your lives together. In old age, you have each other, you have love and you have happiness. Now, slowly go backwards in time from this moment and rewind it in your mind back to the present. Make some pit stops along the way, picture yourself every 5 or 10 years. Picture what you are doing. Picture what is making you happy, who is surrounding you, the events of the moment. Picture yourself trading. Picture what it feels like before you start trading each day, during the trading day, and after. Picture how relaxed you are, how good it feels each morning when you wake up. Picture yourself enjoying life. Picture yourself looking forward to placing trades, and picture yourself executing those trades well. Now picture yourself at the end of a trading day, spending time with friends and family, being happy, enjoying life. Look around you, see what is important.

Keep doing this and keep moving backwards in time until you reach the present. Doing this exercise should help you envision your goals and aspirations as a person, and help you feel calm and confident in executing them.

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.

The following 2 users say Thank You to Big Mike for this post:
 
  #702 (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
Thanks: 1,258 given, 1,196 received


Big Mike View Post
Hi Beth,

You can do it. You have to believe in yourself. And you have to set positive forward thinking goals and do them in bite sizes slowly over time.

Close your eyes. Breath deeply. Exhale. Relax. Sit quietly for 60 seconds. Now, with your eyes still closed, picture yourself and your husband in the future. Picture yourself near the end of your lives together. In old age, you have each other, you have love and you have happiness. Now, slowly go backwards in time from this moment and rewind it in your mind back to the present. Make some pit stops along the way, picture yourself every 5 or 10 years. Picture what you are doing. Picture what is making you happy, who is surrounding you, the events of the moment. Picture yourself trading. Picture what it feels like before you start trading each day, during the trading day, and after. Picture how relaxed you are, how good it feels each morning when you wake up. Picture yourself enjoying life. Picture yourself looking forward to placing trades, and picture yourself executing those trades well. Now picture yourself at the end of a trading day, spending time with friends and family, being happy, enjoying life. Look around you, see what is important.

Keep doing this and keep moving backwards in time until you reach the present. Doing this exercise should help you envision your goals and aspirations as a person, and help you feel calm and confident in executing them.

Mike

My heartfelt thanks Mike for the positive forward and backward thinking exercises! I almost forgot about them. I am very fortunate that I came across several innerworks (incl NLP) methods .. and it's time to make use of them. Yes yes yes Positive Thinking/Envisioning is extremely effective and important. Also bearing in mind that our subconscious cannot tell it's our imagination or really happening. She's so Cute haha .. We can easily make her (or him) believe and then without our knowing it's happening!

Correction to my earlier post: Nelson and I are Happy & Healthy now. It's our life goal to continue with this positive lifestyle while sharing our success with more people.

Beth (I forgot to add that my emotion was fine when I was during and after the losing trades this morning. It's a belated recognition and I am surprised .. haha ..)

The following user says Thank You to wgreenie for this post:
 
  #703 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,237 received


Beth,

Happy Birthday!!

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.

The following user says Thank You to Big Mike for this post:
 
  #704 (permalink)
Market Wizard Apprectice
New York City, USA
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: ES, CL, 6E
 
futurestrader1's Avatar
 
Posts: 147 since Jul 2010
Thanks: 81 given, 40 received

Happy B-day Beth..........Go you Cancerian!

The following user says Thank You to futurestrader1 for this post:
 
  #705 (permalink)
 R.I.P. 1960-2010 
 
Futures Experience: Advanced
Platform: NinjaTrader7
Broker/Data: Mirus RCG/Zen-Fire
Favorite Futures: CL & 6e, looking at ES, ZB and AU again.
 
ZTR's Avatar
 
Posts: 2,099 since Nov 2009
Thanks: 1,104 given, 1,390 received

Hi Beth,

Hope you had a great B'day.

As someone who just went back to live trading I can see subtle differences in my willingness to click the entry button between real and sim. Have been striving for them to be exactly the same and this week fell a little short.

Seems the same thing happened to you? https://futures.io/journals-daily-charts-tape-reading/4183-three-set-ups-48.html#post49967

Because the answer to this question is the next step to becoming a consistently profitable trader.
  • Meaning you act on all of your signals without second guessing yourself.
  • Accepting the risk of the trade.
  • If wrong, admit it sooner rather than later.
  • Resetting with no emotional attachment to the last trade (profitable or not).
For me, it means I recognize when In The Zone.

It will be interesting to see how you work through this.

R.I.P. Andy Zektzer (ZTR), 1960-2010.
Please visit this thread for more information.
The following 2 users say Thank You to ZTR for this post:
 
  #706 (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
Thanks: 1,258 given, 1,196 received

Big Big Thank You to Mike, Futurestrader1 and ZTR for the birthday wishes! You all have made my day!

Just came back from our Summerlicious dinner. You will have glimpses on how we spent the day so far .. smile ..

https://futures.io/members/2263-albums39.html

Beth

The following user says Thank You to wgreenie for this post:
 
  #707 (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
Thanks: 1,258 given, 1,196 received


Quoting 

Because the answer to this question is the next step to becoming a consistently profitable trader.
  • Meaning you act on all of your signals without second guessing yourself.
  • Accepting the risk of the trade.
  • If wrong, admit it sooner rather than later.
  • Resetting with no emotional attachment to the last trade (profitable or not).
For me, it means I recognize when In The Zone.

It will be interesting to see how you work through this.

Thanks ZTR for the kind reminder. I have the enclosed on my vision board and have been reading them once a week. After last week, I realize a weekly viewing is not enough. Am having a second copy next to my main trading station now.

Yes, it will be interesting to accomplish the "In The Zone" milestone .. smile .. Wish me luck!

Beth

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Beth's Journey to Make Her Millions-mark-douglas.pdf  
The following 2 users say Thank You to wgreenie for this post:
 
  #708 (permalink)
Elite Member
Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus/ZF
Favorite Futures: ES, 6E, CL
 
jungian's Avatar
 
Posts: 99 since Aug 2009
Thanks: 89 given, 250 received

Happy Belated Birthday Beth

Happy Belated Birthday Beth!


Here is a little B-day present for you... More reading material .

Like Mike emphasizes over and over again, your psychology and mental state is what will determine your success in trading. Your sim trading has proven your ability to stay consistent, to stay disciplined and see trades through. Because you were taking sim very seriously (And not going HEY LETS BUY 3, no make it FIVE Contracts and see what happens) it shows your 'practice first and then practice some more' has payed off.

Dr. Brett Steenbarger's Blogspot...lots of goodies for 'ya

http://traderfeed.blogspot.com/

The following 2 users say Thank You to jungian for this post:
 
  #709 (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
Thanks: 1,258 given, 1,196 received


jungian View Post
Happy Belated Birthday Beth!


Here is a little B-day present for you... More reading material .

Like Mike emphasizes over and over again, your psychology and mental state is what will determine your success in trading. Your sim trading has proven your ability to stay consistent, to stay disciplined and see trades through. Because you were taking sim very seriously (And not going HEY LETS BUY 3, no make it FIVE Contracts and see what happens) it shows your 'practice first and then practice some more' has payed off.

Dr. Brett Steenbarger's Blogspot...lots of goodies for 'ya

TraderFeed

Thanks Jungian for your best wishes and more goodies .. Hurrah!

Seemed like I have to learn Poker too ..

Beth (grateful)

 
  #710 (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
Thanks: 1,258 given, 1,196 received

Pre-market Homework for Mon


Price closed at 1071.75 Friday. If we are going to have a 2-digit gap up or down overnight, enclosed VPOCs should have enough room to acccommodate that.

Have a Relaxing Sun/Great week ahead.

Beth

Attached Thumbnails
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