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iqGod's Own Country

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 iqgod 
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I am at a point in my life where I feel that sharing my ideas would be helpful to everybody who walks this trading path. Hence I am starting this journal.

I will also be starting a TopStepTrader Trading Combine (Profit Target $3000 in 10 Days; Max Drawdown $2000; Position Size (Max) 5 contracts) so this is the beginning of a journey.



This will be my permanent journal on futures.io (formerly BMT).

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 iqgod 
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The man with insight enough to admit his limitations comes nearest to perfection.
— Johann Wolfgang von Goethe

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 iqgod 
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 ABCTG   is a Vendor
 
 
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Good trading in the combine and I am looking forward to your journal.

Regards,
ABCTG


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 Daytrader999 
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The man with insight enough to admit his limitations comes nearest to perfection.
— Johann Wolfgang von Goethe

I wish you good luck and all the best for your new Combine and your 'journey to perfection'.

I really like that 'entrance sign' and your kind of humor, keep it up as long as possible my friend...

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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 iqgod 
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The title is a play on the slogan of Kerala ("God's Own Country"), a beautiful state in India. To quote Wikipedia:
The National Geographic's Traveller magazine names Kerala as one of the "ten paradises of the world" and "50 must see destinations of a lifetime". Travel and Leisure names Kerala as "One of the 100 great trips for the 21st century".

Kerala, India: They don?t call it ?God?s Own Country? for nothing - The Washington Post



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 AttitudeTrader 
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Good luck on your Combine iqgod!

-AT

"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
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 bobwest 
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iqgod View Post
I am at a point in my life where I feel that sharing my ideas would be helpful to everybody who walks this trading path. Hence I am starting this journal.

I will also be starting a TopStepTrader Trading Combine (Profit Target $3000 in 10 Days; Max Drawdown $2000; Position Size (Max) 5 contracts) so this is the beginning of a journey.



This will be my permanent journal on futures.io (formerly BMT).

Good to see you starting a new Combine. Very interested in following your progress.

Good luck on your journey.

Bob.

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 paps 
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Nice @iqgod ....look fwd to it. Have never been to Kerala....heard the backwaters are amazing.

Good Luck n best wishes

cheers
s

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 iqgod 
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A Sunday afternoon and I notice with a smile that I am about to hit the 1000 post mark on futures.io (formerly BMT). (Hey, @Big Mike, I owe you a lot!)

This is a list of simple beliefs I, the trader, follow:

1. Love the Process of trading.

Trading is embracing a lifestyle, an attitude, and accepting the long journey where change and uncertainty are constant companions. Expect to sweat out during the learning part, and master many things before seeing peaceful days roll by.

The key here is: Have no desire to act inappropriately. Love and be proud of all the times when you consistently are able to not have any desire to act inappropriately, notice that this happens when you are engaged in the process instead of focusing on rewards/reprimands.

2. Patience and Inaction are Your Edge

Avoid taking trades, playing at all unless your mind calmly notices that it is time to act. Doing nothing is trading (more so than taking marginal trades and then hoping, coaxing and praying).

Patience and inaction arise from Discipline (not from Sloth). Wait until there is money lying in the corner and all you have to do is pick it up. Once you know what you are looking for then wait in preparedness for that to materialize. Not taking a single trade all day is perfectly acceptable.

To repeat the key again: Have no desire to act inappropriately. This comes easier when you are in complete immersion, in the flow, in the zone - these being alternate terms for Being in The Present Moment where time fades, hence impatience does not exist.


3. Don't make much ado about being patient and disciplined

Make your ego so small, so minuscule, and so elastic that it is blessed with agility and flows naturally with the market and be peaceful with the fact that you are achieving your goal - namely that of being here to make money and getting paid for having an edge. The call of sirens being loudest when you are virtuous - as if the market owes you and wants to pay you; as if being a good tape-reader, patient and disciplined means 'you have arrived' - all these thoughts simply mean you are shifting focus away from the process and glamorizing it in itself. As a lifestyle change, remove the'I' from everything in life and be humble, helpful, kind and know your place in the universe is not in the center of it. Simple and frugal living, surrendering to some faith, and understanding that the order that move the markets is the same order than makes the earth spin,sun rise and seasons happen is the enlightenment that is always needed for trading.

4. Love thyself

Make peace with yourself. Place yourself in the best position to Give your Best; but also Forgive yourself for letting that trade slip away, for missing those zillion pips had you stayed in instead of exiting. Love yourself enough not to take marginal trades, revenge trades, or do any other thing that will diminish confidence in the Self or see yourself any lesser than the imperfect but yet so perfectly trustworthy being you are. Never hate yourself; this is the key to prevent depression, mania, hatred and irrationality. Only allow the clear stream of reason to run the forefront of your engine - be your boss by reasoning with yourself and not tolerating lapses of discipline, never adding to losers, not exiting a perfectly working trade, never slack on studying and improving. Do not substitute attitude for work, do not fool yourself into procrastinating by trading needs a special elevated mood or that one needs to meditate one's self into some magical zone. By doing the necessary preparations in whatever mood you are in, you make sure that you do not refuse the pips that the market offers NOW; do not foolishly say that this Now is not right for me to make money, I'll have that Now tomorrow or (insert time period). Days turn into weeks turn into months and you will find yourself looking back at a series of days when you were 'broken' and realize it was all a game of pretend and excusitis. The other end of this is wanting to win Now and seeing things that haven't materialized yet (good trades where there are marginal ones or sometimes no setups at all) - this is assigning more importance to the I, making it bigger and more bloated than it really is - the I is not important, and the I needs to submit itself to the market's agenda and flow with it, and get out if that isn't happening. Not getting excited is a part of loving yourself and taking I out of the equation. In this game you win when you surrender.

As Mark Douglas says, be the observer of the I - catch yourself thinking about committing a trading error - if you don't then your realizations come after the experience.

5. The Journal is your ultimate line of defense

Record your losses most of all. The journal allows you to judge whether you erred or whether you took the best decisions in the light of available information, but the bad result was simply due to variance. Anyone reading your journal should be able to follow your line of reasoning and follow the same steps that you would later.

A journal does not ask 'What do you do in this situation?'

A journal asks The Relevant Question 'What all aspects have you considered when you approach this situation before determining what is to be done?' and also records the honest answer.


6. Be natural. Forcing yourself is suicide

The mind has a muscle for self-regulatory behavior. That muscle has limited strength and energy and needs building up, conservation. As we trade and take decision after decision, the resource is weak and tired and depleted. Removing the I allows pure strength to be fed directly this muscle, adding I cramps it and restricts it. Nevertheless lot of screen time is akin to a workout and you become capable of sustaining more of its continued use. Know where your meter stands and be prepared to walk away when you realize that further decisions on a tired muscle may bring the weight crashing down and cost you dearly. The players who simply play defensively break even, the ones who play the A game become profitable. It is simple, difficult.

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 futuretrader 
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The title is a play on the slogan of Kerala ("God's Own Country"), a beautiful state in India.

Yes, but which god is that? Or do they take turns?

More seriously, I gather it's also one of the better functioning states too.

How difficult is it to get reliable broadband for trading in a place like Cochin?

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 iqgod 
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Day 1 - account is up $122.50 post-commissions.

Took 6 trades (actually 4 but T4 counts it this way), 1 loser of $100

5 winners of $100, $50, and 3 x $37.50

First trade (taken at dawn here) (short) (second break) was exited quickly on pure intuition - it would've been stopped out (and the market reversed at that stop point and went my way 40 ticks!).



Second trade (short, range break) was taken post-office hours as evening was falling just moments before news hit the market. Target was missed exactly by 1 tick as market reversed. Had to settle for 4 tick profit instead of the 10!



I reduced size to 1 lot 'protect profits from eroding'. Caught myself thinking negative.

Third trade was taken really early and hence exited at 3 ticks instead of the planned 10.

Fourth was a long that would have only given max 4 ticks so took it off at three.



The statistics:


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 iqgod 
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 cmmichaels 
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Good stuff IQ I really hope it goes well for you.

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 iqgod 
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I had to stay in office very late to finish off a pending project and that meant I barely got a teeny wisp of time to trade!

Luckily a setup materialized at the exact point I logged in and I took it without hesitation.





Exited at 5 ticks instead of the 10-tick target based on my tape reading feeling that it was going to pop and shoot upwards (that happened!).




Hence only one trade today, a short taken with 2 contracts that yielded $115 post-comissions.

Stats:



Off to bed. Its my father's birthday tomorrow, let's see if I can trade! Dad! I am getting there where you've wanted me to be - a stress free zone where I live in the present moment and not worry about the future. Good trading to all!

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 iqgod 
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 iqgod 
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Day 3 started with a stupid mistake - a hurried thoughtless entry and a hurried mindless exit instead of a technical stop-out. There would have been ample opportunities for profit had I not done either. $125 lost for no good reason.

The second trade was a textbook IRB short. I entered way too early and had to sit it out with my stop above the pattern high. Finally after a wait of more than one hour the market reached target and the trade ended +$150.

Net result is $5 post-commissions.


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 iqgod 
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The only good takeways from today are that I cut the silly loser early and let my correct trade run.

Held loser for around 26 seconds vs. Winner for more than an hour.



Here is the official report:


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 iqgod 
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+$480 today post-commissions.

I spotted a setup as news hit the market and took it as the contracts were changing hands in frenzy and bars were being spit out onto the screen.

The trade reached its target and prices dipped south soon after, the chart says it all:





Here is why using a tick chart matters - same 5-minute chart (a bit later):




A word of CAUTION: Do not attempt this. Neither will I again. News trading can destroy your account, life, marriage, heart etc. .....

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 bobwest 
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Here is why using a tick chart matters - same 5-minute chart (a bit later):

Yes. Fixed time charts can be useful, but you need to break up the price action in those big bars so you can see it.



iqgod View Post
A word of CAUTION: Do not attempt this. Neither will I again. News trading can destroy your account, life, marriage, heart etc. .....

Definitely yes!


iqgod View Post
+$480 today post-commissions.

Good work, though. Nothing succeeds like success.

Really good job so far. I'm enjoying your journal.

Bob.

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 iqgod 
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 iqgod 
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Net +$40 on day 5.

It was an advanced range break short, but I covered intuitively after 2 positive ticks - thank god for my intuition, since the market went UP UP UP after that without even a single weeny pullback.


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 iqgod 
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 Scalpingtrader 
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Net +$40 on day 5.

It was an advanced range break short, but I covered intuitively after 2 positive ticks - thank god for my intuition, since the market went UP UP UP after that without even a single weeny pullback.


Well done. Sometimes I wish I had the insight and guts to just reverse a given position when I screams "YOUR WRONG YOUR WRONG!"

But I guess that's not something I should bother with given my level of experience and mental stability

Anyhow, keep us updated!

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 bobwest 
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Net +$40 on day 5.

It was an advanced range break short, but I covered intuitively after 2 positive ticks - thank god for my intuition, since the market went UP UP UP after that without even a single weeny pullback.


I have noticed a couple of times that you have mentioned intuition or acting intuitively on this thread.

I think this is a powerful, if elusive, ability to have. I take it as somewhat like seeing/knowing what to do without consciously thinking, although it may be hard to put a description into words for it.

There were comments recently on another thread about over-thinking, and about acting without thinking, and I thought about your posts together with them, as relating to the same thing, beginning here:



Of course, this sort of "acting without thinking" is the opposite of reactive, impulsive "unthinking" action that just gets you into trouble by doing something foolish. It's the difference between being in the groove and not having a clue.... Or, perhaps, having a higher level of awareness vs. a lowered level, where you may think you are at the high end, but really are not.

I do not know how to cultivate or develop this ability, other than practice, and I do not know what aspects of practice or experience help with it. I do not know if you can consciously develop it, although I would like to.... it seems to come and go in flashes, and to be difficult to pin down.

Anyway, if you have any thoughts or experience on improving this ability, and would be willing to share them, I would be grateful.

Bob.

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 Scalpingtrader 
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Of course, this sort of "acting without thinking" is the opposite of reactive, impulsive "unthinking" action that just gets you into trouble by doing something foolish. It's the difference between being in the groove and not having a clue....

I do not know how to cultivate or develop this ability, other than practice, and I do not know what aspects of practice or experience help with it.

Bob.

My personal belief is that the critical component to the way the subconcious makes its decisions is what habits and belief system we developed.

If you start out at trading you have all the natural habits and beliefs ie. success through active work, being right, fear of losing, adverse risk behaviour (let losses run & cut losers). If in that phase of trading development, our subconcious will use these exact habits to reason its decisionmaking. Which will lead to adding to losses etc. etc. - even if we already know its bull** to do that.

When however you truly mastered the concious process of trading and made it a habit to be consistent with stops and targets, preserving capital and aiming for the process with focus on the larger averages so that making the right decisions in a trading situation becomes somewhat natural to you ie. you don't even think about adding to a red position or widen the stop - then and only THEN you can slowly start to trust you stomach and let it guide you through your impressions.

What I would then want to do though is keeping a seperat journal/record about when did I act intuitively and what was my feeling, the result and the action in relation to my concious trading rules. Be open yet critic about it.

Again, that's just my humble model of how I imagine the world

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 bobwest 
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My personal belief is that the critical component to the way the subconcious makes its decisions is what habits and belief system we developed.

If you start out at trading you have all the natural habits and beliefs ie. success through active work, being right, fear of losing, adverse risk behaviour (let losses run & cut losers). If in that phase of trading development, our subconcious will use these exact habits to reason its decisionmaking. Which will lead to adding to losses etc. etc. - even if we already know its bull** to do that.

When however you truly mastered the concious process of trading and made it a habit to be consistent with stops and targets, preserving capital and aiming for the process with focus on the larger averages so that making the right decisions in a trading situation becomes somewhat natural to you ie. you don't even think about adding to a red position or widen the stop - then and only THEN you can slowly start to trust you stomach and let it guide you through your impressions.

What I would then want to do though is keeping a seperat journal/record about when did I act intuitively and what was my feeling, the result and the action in relation to my concious trading rules. Be open yet critic about it.

Again, that's just my humble model of how I imagine the world

Yes, I can agree with that: how our mental habits need to be different, when trading compared to other pursuits. This is a matter of habits, internalizing rules, having the right experiences and learning from them, and I think it's very important. Trading is its own skill, and that skill needs to be developed.

What @iqgod was referring to, I think, was an intuitive recognition at the time that the trade he was in would not continue to work, and he got out just based on that feeling. If that's a matter of skill and habit, or a development of it, it's operating at a very high level. Or, it may be something that comes to one when one is sufficiently skilled, but is in fact something different.

Anyway, I think developing that intuition is important, and I am very interested in @iqgod's (and anyone else's) take on it. (Don't want to highjack the thread, though.... sorry to go on about my beliefs.... )

Bob.

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 iqgod 
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I have noticed a couple of times that you have mentioned intuition or acting intuitively on this thread.

I think this is a powerful, if elusive, ability to have. I take it as somewhat like seeing/knowing what to do without consciously thinking, although it may be hard to put a description into words for it.

.
.
.

I do not know how to cultivate or develop this ability, other than practice, and I do not know what aspects of practice or experience help with it. I do not know if you can consciously develop it, although I would like to.... it seems to come and go in flashes, and to be difficult to pin down.

Anyway, if you have any thoughts or experience on improving this ability, and would be willing to share them, I would be grateful.

Bob.

Bob,

You are on the right track.

It is just practice practice practice till you internalize the validated beliefs that YOU have formed based on your experiences with the market - just put in the screen time and you automatically get there.

Read the Mental Game of Poker by Jared Tendler for how to get started.

I am a long time fan (a decade and more) of Vipassana i.e. mindful meditation. I started this thread but then stopped posting my experiences publicly - intuition grows better in the shade than harsh stage spotlights.

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 ratfink 
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Of course, this sort of "acting without thinking" is the opposite of reactive, impulsive "unthinking" action that just gets you into trouble by doing something foolish. It's the difference between being in the groove and not having a clue.... Or, perhaps, having a higher level of awareness vs. a lowered level, where you may think you are at the high end, but really are not.

Anyway, if you have any thoughts or experience on improving this ability, and would be willing to share them, I would be grateful.

Bob.

Gerd Gigerenzer uses the term 'unconscious intelligence'. I also think of it as heuristics (good rules of thumb) and 'feel', I think we all know roughly what we mean by it, and it's what the experts in most fields do without being aware of it. My two latest best reads are his books 'Gut Feelings' and 'Risk Savvy' (there are financial chapters but neither is directly trading related.) Now if only I could remember where to find it and what to do with it...

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Gerd Gigerenzer uses the term 'unconscious intelligence'. I also think of it as heuristics (good rules of thumb) and 'feel', I think we all know roughly what we mean by it, and it's what the experts in most fields do without being aware of it. My two latest best reads are his books 'Gut Feelings' and 'Risk Savvy' (there are financial chapters but neither is directly trading related.) Now if only I could remember where to find it and what to do with it...

LOL.

You're right, we do know what we mean by it.

The problem is when we try to say what we mean (which is another kind of intelligence), as well as when we try to put it into practice (I think that the noise in the system [our minds] drowns out the quieter knowledge that we're talking about....)

But I think that learning to be aware of that, and to trust it more, is true expertise, or intuition, or whatever words seem right to call it.

Bob.

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Bob,

You are on the right track.

It is just practice practice practice till you internalize the validated beliefs that YOU have formed based on your experiences with the market - just put in the screen time and you automatically get there.

Read the Mental Game of Poker by Jared Tendler for how to get started.

I am a long time fan (a decade and more) of Vipassana i.e. mindful meditation. I started this thread but then stopped posting my experiences publicly - intuition grows better in the shade than harsh stage spotlights.

Bridgewater Boss ;
How Meditation Makes Ray Dalio Feel 'Like A Ninja In A Fight' | Business Insider

I also practice meditation, but still learning (how) to go beyond light trance without falling asleep...
any thoughts maybe ???


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 iqgod 
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Bridgewater Boss ;
How Meditation Makes Ray Dalio Feel 'Like A Ninja In A Fight' | Business Insider

I also practice meditation, but still learning (how) to go beyond light trance without falling asleep...
any thoughts maybe ???


Ummm.... perhaps that happens because we try to 'comply' with a widely (mis)understood notion and think meditation is 'emptying your mind'. When we use force to empty the mind, and when use meditation as an escape to enter a 'blissful solace state' we simply invite Hypnos instead of Pasithea.

Try meditating while using your running shoes (you can mindfully can do everything except closing your eyes).

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 iqgod 
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A note to myself is that I should not go around with an air of being a mindfulness 'guru' - so for all those who are seeking help, know that I am subject to occasional lapses- the key is to recognize emotions while they are bubbling up and 'popping' them or defusing them before any actionable harm occurs from your 'I' or ego.





Here is where I would have ideally stopped, but a jolt of such bad news was delivered by my wife (exactly at this point) that I felt disgusted in general with life and tried to force the market with this additional loss. The news was personal and emotional enough to derail me, but I have survived... this happened because I allowed myself to be neutral and to take the ME out of the equation, but was numbed by monetary losses so 'didn't care if I died in the market'.

Hence this, for me, is 'part two' of the trading day:




Essentially an outlier day for me, I would have needed to be a monk to control the rage inside me because there is nothing that can be DONE to correct the sadness and it is in times like this that you cling to the power of prayer:

God grant me the serenity
to accept the things I cannot change;
courage to change the things I can;
and wisdom to know the difference.

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 iqgod 
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 iqgod 
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+$60 after long hours, mostly caused due to (one) impatient entry.

This was taken in the slow moving Asian session:





The last trade was a long wait and was exited at breakeven (could have made one tick on it and would have had a win trade of a huge duration, but did not violate discipline to risk it):



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 iqgod 
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 iqgod 
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Am out of the market at net +$60 today and with a trade holding time of 3 hours 45 minutes.

I had positioned myself more than three hours prior to FOMC and was long had a wide stop (48 which did seem likely to be run since it was close to the 50 level), waited and then finally FOMC gyrations started, price almost reached stop and then I finally exited with one tick profit.




Am currently long on real money account from that "FOMC bottom" with a 30-tick target (1.3600)

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 iqgod 
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Just as a follow up on that real-money long, I chickened out before 1.3600 - am currently flat.


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 iqgod 
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Mistake to learn from: Took a trade with poor risk reward to avoid being proved wrong. Early entry to prove smartness.

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So are you still good for a rollover?

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 iqgod 
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Dear @Pedro40

Yes, I am still good for a rollover.

The last report posted is still valid and current; haven't gotten time to trade at all after that!

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 iqgod 
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I seem to have developed a fetish for holding winning trades for long time periods.

It is easy to take a trade in the Asian session and put tight stop and a tight profit target.



This one lot trade was held for 4 hours and exited at the one tick target, as can be seen from the report.

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 iqgod 
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Turveyd
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Some nice trading, but still sadly no where near the profit target to get accepted I presume shame!!

Role over ?? do you get a free go ?

Summer Doldrums soon, even slower markets making it even harder to make your profit target be warned.

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 iqgod 
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I loved doing the combine.

It is getting me somewhere. I KNOW how to reach the profit goal, but the KNOWING part is only one part of good trading - the DOING the knowing is what separates a consistently profitable trader.

The journey, as usual, has been more important than the goal.

I will keep doing what I've been doing and I hope to... wait.... the whole foundation of good trading is sublimating the role of the 'I' - or the Self 1 as it is also called.

I am currently reading 'The Inner Game of Tennis' - it seems very translatable to improving trading performance, and recommend it as a phenomenal book which will be useful when you are actually 'hands on', posied to take a trade and when managing a trade - its usefulness it DIRECT.

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 iqgod 
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I posted this here, but wanted to stick it here since this is my journal.

I am currently reading 'The Inner Game of Tennis' and wanted to share an interesting point about protecting yourself from yourself!

A trader tells himself: 'Come on Tom, now HOLD this trade and do not take an early profit'.

Or 'You clumsy oaf, you loser, why EVER did you move your stop? Why did you make this big hole in your account when the Daily Loss Limit was in YOUR control?"

Who is telling whom, and what?

'Tm talking to myself," say most people.

But just who is this "I" and who the "myself"?

Obviously, the "I" and the "myself" are separate entities or there would be no conversation, so one could say that within each person there are two "selves."

One, the "I," seems to give instructions; the other, "myself," seems to perform the action. Then "I" returns with
an evaluation of the action. For clarity let's call the "teller" Self 1 and the "doer" Self 2.

Within each person the kind of relationship that exists between Self 1 and Self 2 is the prime factor in determining one's ability to translate his knowledge of technique into effective action. In other words, the key to better tennis-or better anything-lies in improving the relationship between the conscious teller, Self 1, and the unconscious, automatic doer, Self 2.

Imagine that instead of being parts of the same person, Self 1 (teller) and Self 2 (doer) are two separate persons.

The trader is trying to HOLD till his profit target and NOT take a small win.

"Okay, dammit, keep your stupid hand off that mouse," he orders. Then as the trade begins to falter and pullback, Self 1 reminds Self 2, "Hands off! Sit! Hands off! Sit! Hands off! Sit!" Monotonous?

Think how Self 2 must feel! It seems as though Self 1 doesn't think Self 2 hears well, or has a short memory, or is stupid.

The truth is, of course, that Self 2, which includes the unconscious mind and nervous system, hears everything, never forgets anything, and is anything but stupid. He knows forever what to do to manage the trade properly, again. That's his nature.

And what's going on during the trade itself? If you look closely at the face of the person, you will see that his cheek muscles are tightening and his lips are pursed in effort and attempted concentration.

But face muscles aren't required to manage a trade, nor do they help concentration. Who's initiating that effort? Self 1, of course.

Back to the trader. His muscles tense in over-effort, and suddenly he has clicked the mouse button and is out of the trade.

But why? He's supposed to be the teller, not the doer, but it seems he doesn't really trust 2 to do the job or else he wouldn't have to do all the work himself. This is the nub of the problem: Self 1 does not trust Self 2, even though the unconscious, automatic self is extremely competent.

"You bum, you'll never learn how to trade well."

Self 1 complains. By thinking too much and trying too hard, Self 1 has produced tension and muscle conflict in the body. He is responsible for the error, but he heaps the blame on Self 2 and then, by condemning it further, undermines his own confidence in Self 2. As a result the trading grows worse and frustration builds.

Now sit back and think about all this for a moment.

And then think if 'trying hard' is everybody's problem, yours and mine. Now think of 'Effortless effort'.

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 iqgod 
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I am posting a 6-tick winner on a 50-tick day.






An inner conversation to allow me to hold my trades:

I need to calm and cajole my inner child and let it know that I trust it.

YES, I will listen to you today.

YES, I have faith in you.

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 iqgod 
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bmcharts.com is still down so posting external link....

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 iqgod 
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I allowed myself to hold a chop trade for 7+ hours.

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 indextrader7 
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Hello friend. I couldn't agree more about "The Inner Game of Tennis" applying to trading. Glad you found it. Another one to check out is "The Truth About Winning" by Tom Veneziano. It's a secret gem of a little paperback book.

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indextrader7 View Post
Hello friend. I couldn't agree more about "The Inner Game of Tennis" applying to trading. Glad you found it. Another one to check out is "The Truth About Winning" by Tom Veneziano. It's a secret gem of a little paperback book.

That little book is $50 on amazon....$217 new....must be quite a good book....I think I will purchase one.....

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 iqgod 
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That little book is $50 on amazon....$217 new....must be quite a good book....I think I will purchase one.....

You had also recommended another book - "Golf is Not a Game of Perfect" by Robert Cullen

Once you read the Inner Game of Tennis I would be grateful if you could compare these two books.

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 iqgod 
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Just wanted to record here that this was a day where I cut my winners short and did not hold to proper target - MAINLY because I wanted the stats green which is a silly reason.

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 bobwest 
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Just wanted to record here that this was a day where I cut my winners short and did not hold to proper target - MAINLY because I wanted the stats green which is a silly reason.

Been there, done that.

It seems silly afterwards, but it can seem urgent at the time....

Bob.

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 DarkPoolTrading 
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Thanks for the suggestions re "The inner game of tennis". I will certainly be getting it on my kindle when im done with my current book. I always enjoy books which aren't specific to trading but never the less apply.

Im still on the lookout for books on auction theory, which aren't about trading. Things like art auctions, antique auctions etc. Unfortunately there doesn't seem to be anything out there.

Well done on your latest completed combine iqgod,...you're making good progress compared to a few months back. Keep it up.

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 iqgod 
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indextrader7 View Post
Hello friend. I couldn't agree more about "The Inner Game of Tennis" applying to trading. Glad you found it. Another one to check out is "The Truth About Winning" by Tom Veneziano. It's a secret gem of a little paperback book.


Their website seems to have a chapter 01 for preview - the book is really short (less than 100 pages!) but, if you can excuse a pun, we know that volume does not always matter (!!):

https://www.tenniswarrior.com/ebook/ebook-chapter01.pdf

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 iqgod 
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Tom Veneziano, the author of the above book (The Truth About Winning) once shared this tip, titled
"Learn to play badly well!" Here is the tip:

You may think that is a strange title, but it will all make sense in a moment. When you are in a match you will always experience cycles from good to bad, bad to good, back to bad again. This is the nature of sports and it's your responsibility to be mentally prepared for these cycles. Once you learn to adapt effectively to these cycles, life on the tennis court can become beautiful.

Often players play well for 15 minutes, then all of a sudden they begin playing poorly (and you thought it only happened to you!). Maybe they are just a little tired or maybe their opponent is playing spectacular tennis. Whatever the reason, they are definitely in a down cycle fighting to stay in the match.

When this scenario happens to you, here is a mental tip that the top pros have mastered. YOU MUST LEARN TO PLAY BADLY WELL WHEN YOU'RE IN A DOWN CYCLE!

For example, on a scale of one to ten (ten being the up cycle and one being the down cycle) you're playing poorly at level four. When you are in a bad cycle the trick is to understand that this is normal and part of the winning process. You must fight to stay at that level until momentum begins shifting back in your direction. In other words you learn to play poorly better than most. How? By mental toughness! What happens to most players in their down cycles is they lose their mental fight, become frustrated, develop a negative mindset, and plummet into the three, two, or one level. Instead of fluctuating between ten and four in their match play they are now fluctuating between ten and one!

Now you tell me, if everything is equal and one player is fluctuating between ten and one and the other is fluctuating between ten and four... who will win?

Everyone fluctuates in match play, but it should be obvious that your mentally tough competitors MINIMIZE their down time by MAXIMIZING their mental skills during these pressure situations. The top pros are well aware that part of winning is an inner desire to own that extra intangible inch that catapults their game onto victory.

The only question that remains is... when you are confronted with this predicament will you posses the mental skills necessary to play badly better than most?

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 iqgod 
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All of these articles are worth reading for traders:

Tennis Server - Tennis Warrior - Archive

January 2014: The Great Tennis Divide
December 2013: Tennis University
November 2013: A Tennis Challenge to Unleash Your Inner Power
October 2013: Who's in Charge on the Tennis Court? You or Your Emotions?
September 2013: Coping with adversity in tennis
August 2013: In tennis, you are what you think
July 2013: Does your tennis opponent control your mind?
June 2013: Tennis Practice Versus Match Play
May 2013: Tennis speed: It's all about how you think!
April 2013: Do tennis lessons help?
March 2013: Are You as Mentally Tough as a Child?
February 2013: Reverse thinking causes players' downfalls
January 2013: Panic creates pandemonium
December 2012: Should you take the racket back quickly?
November 2012: It's all up to YOU!
October 2012: What Coaches Who Theorize Don't Realize
September 2012: Training For Long-Term Success
August 2012: Snatching Victory from the Jaws of Defeat
July 2012: Phases Of Learning Tennis
June 2012: Don't Live In A Fairy Tale
May 2012: The 'I've got it' Mentality Has Got To Go!
April 2012: Mentally Relax For Increased Accuracy
March 2012:s Go It Alone
February 2012: You Could Play Like Roger Federer, But You Won't!
January 2012: Do you know when you're improving?
December 2011: Accessing Your Subconscious Tennis Matrix
November 2011: Are You Herd Bound or a Maverick?
October 2011: A Mental Challenge!
September 2011: Repetition alone is not enough!
August 2011: From Extraordinary To Ordinary
July 2011: This is my story and I'm sticking to it!
June 2011: Whose problem is it anyway?
May 2011: Repetition is the Chariot of Genius
April 2011: The "here and now" has just passed!
March 2011: Making Sense of Tennis Techniques
February 2011: Staying Out of Your Own Way
January 2011: Do you know when you're improving?
December 2010: The right coach for you!
November 2010: Focus on improving, not winning!
October 2010: The learning process and homeostasis, an intriguing connection
September 2010: The flow zone, finding your timing and rhythm
August 2010: The Making of a Champion
July 2010: After serving... then what?!
June 2010: Self-discipline is the key to creating momentum
May 2010: Anticipation At The Net
April 2010: Learning strokes from the inside out
March 2010: Solutions take time!
February 2010: Taking Control Of Your Tennis
January 2010: Percentages Not Individual Excellence!
December 2009: Evaluating Your Match Play
November 2009: Increasing Your Speed In Tennis
October 2009: Go For Your Shots
September 2009: Mental Control Over Your Emotions
August 2009: Two Tennis Misconceptions
July 2009: The Freedom to Go for Your Shots!
June 2009: Three Common Mistakes When Hitting an Approach Shot
May 2009: One tennis practice drill, two misconceptions!
April 2009: Accessing your subconscious tennis matrix
March 2009: Contemplating the cause for relaxed results
February 2009: The Patience Principle: The Chance Will Come!
January 2009: Seeing by feel
December 2008: Success with risk, or security with safety?
November 2008: The Missing Link
October 2008: As Time Goes By
September 2008: What really is a bad habit?
August 2008: Habitual problems!
July 2008: From relaxed practice to match-play pressure
June 2008: Science says!
May 2008: Agassi gets it! Do you?
April 2008: Mental Toughness for Juniors and Adults
March 2008: A Mental Challenge
February 2008: The Patience Principle: The Chance Will Come!
January 2008: If I'm the better player, why am I clueless!
December 2007: Different surface, different game!
November 2007: Change A Losing Shot!
October 2007: I'm the "better player," but my opponent wins!
September 2007: Playing a lower-level player
August 2007: A Word To The Wise
July 2007: Mental toughness as a Weapon
June 2007: Why can't I win those crucial points?
May 2007: A Simple Plan Gone Awry
April 2007: Tighten up or lighten up?
March 2007: Be flexible, try an option
February 2007: From indoors to outdoors!
January 2007: Owning that extra intangible inch!
December 2006: Using your two brains in match play!
November 2006: So, you don't like losing!
October 2006: Three pseudo-solutions not to try
September 2006: Learning to learn tennis!
August 2006: The Opposite Phenomenon
June 2006: Are you challenged or frustrated by your failures?
May 2006: or Tennis Wimp?
April 2006: Why me?
March 2006: Learning how to win does not make sense!
February 2006: Don't quit because you're tired!
January 2006: The correct way to "go for your shots"
November 2005: Second serve first!
October 2005: Stay out of your own way!
September 2005: Battling a backboard!
August 2005: Myth - You should stay anchored to the ground when you hit most of your shots
July 2005: Practice to improve, not to win!
June 2005: Train your thinking for aggressive net play
May 2005: It's official! Everyone does it!
April 2005: The Roddick ballistic serve!
March 2005: Don't depend on your coach!
February 2005: Control over your emotions!
January 2005: Your Mindset For Serving
December 2004: Focusing on the mental battle
November 2004: Why Not Have Fun?
October 2004: Learning from my bad decision!
September 2004: What does a 1.0 player and a 7.0 player have in common?
August 2004: The follow-through misconception!
July 2004: Volleying on the move!
June 2004: The 'Brilliant' shot distraction!
May 2004: Percentage thinking - selecting the correct thought!
April 2004: Failing successfully!
March 2004: The keys to consistency in tennis
February 2004: Formula for tennis success!
December 2003: Get Ready - Now!
November 2003: What To Look For When Watching A Professional Match
October 2003: True To Form?
September 2003: The Key To Concentration
August 2003: A Mental Technique To Improve Your Volleys
July 2003: Keeping Your Perspective
June 2003: MYTH - You should bend your knees on all of your shots
May 2003: The warm-up is to WARM UP!
April 2003: Do you prefer to practice your strengths?
March 2003: You are not a cookie cutter mold!
February 2003: Pusher Power!
January 2003: An Emotional Moment!
December 2002: Learn to play badly well!

Also by Tom Veneziano:

December 2002 Wild Cards: The Big Picture vs. Isolated Situations
August 2002 Wild Cards: How to Establish Momentum
July 2002 Wild Cards: Move fast, hit slow!
May 2002 Wild Cards: A Champion's Mental Attitude After Failing
December 2001 Wild Cards: Learning to play under pressure
June 2001 Wild Cards: Strokes depend on a 'feel' not 'mechanics'
April 2001 Wild Cards: A Plan To Move On From Your Mistakes

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 iqgod 
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Interesting to see you're using biofeedback. I've been quite interested in it, and specifically in emWave. But for the price tag, im not sure yet about getting it.

What are your thoughts on it? Has it been beneficial?

Does it interfere with your concentration on the markets? In other words, can you just leave it on and then analyse the results later,...leaving you to focus on the markets?

Sometimes when im about to enter a trade I can literally feel my heart beating so much it's like it's going to jump out of my chest. However 10mins prior,...all was well and good.

I see you're in India. Did you order through the emWave website?

Thanks.

edit: I've had a brief look around and it seems emWave is the way to go. Not many other options?

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 iqgod 
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Interesting to see you're using biofeedback. I've been quite interested in it, and specifically in emWave. But for the price tag, im not sure yet about getting it.

What are your thoughts on it? Has it been beneficial?

Does it interfere with your concentration on the markets? In other words, can you just leave it on and then analyse the results later,...leaving you to focus on the markets?

Sometimes when im about to enter a trade I can literally feel my heart beating so much it's like it's going to jump out of my chest. However 10mins prior,...all was well and good.

I see you're in India. Did you order through the emWave website?

Thanks.

edit: I've had a brief look around and it seems emWave is the way to go. Not many other options?


I have only used emWave2 so would not be able to compare and contrast.

I ordered it via Amazon.com and yes the price tag is steep for what it is.

It should only really be used as a part of a 'mindfulness framework' - but I find it distracting and it DOES interfere with the trading. Hence I use it only when I realize I am on TILT or when a string of losers are eroding my confidence, when I have taken a 'break' from the screen. Not what you wanted to hear, but it is mostly because the interface is 'inverted' - it beeps happily when you are in 'The Zone' making it intrusive. I wanted reverse - it should make noises only when I am in red and need to get back into the zone (at those times it stays silent).

Black Friday sometimes sees these being sold for $99 - I would recommend grabbing one at that price or lower, not at the marked up ones.

Watch out for such deals as this one (I had missed it then and paid the marked up price!)
$99 for an emWave2 Stress-Relief Device ($229 List Price). Free Shipping

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I have only used emWave2 so would not be able to compare and contrast.

I ordered it via Amazon.com and yes the price tag is steep for what it is.

It should only really be used as a part of a 'mindfulness framework' - but I find it distracting and it DOES interfere with the trading. Hence I use it only when I realize I am on TILT or when a string of losers are eroding my confidence, when I have taken a 'break' from the screen. Not what you wanted to hear, but it is mostly because the interface is 'inverted' - it beeps happily when you are in 'The Zone' making it intrusive. I wanted reverse - it should make noises only when I am in red and need to get back into the zone (at those times it stays silent).

Black Friday sometimes sees these being sold for $99 - I would recommend grabbing one at that price or lower, not at the marked up ones.

Watch out for such deals as this one (I had missed it then and paid the marked up price!)
$99 for an emWave2 Stress-Relief Device ($229 List Price). Free Shipping

Interesting. I try to monitor my mental state myself, but of course, then I'm often using a flawed instrument: my own mental state .

I can see the point of mindfulness in this context. I think I will continue without external assistance, but it is interesting that something like this is available.

Bob.

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 DarkPoolTrading 
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iqgod View Post
I have only used emWave2 so would not be able to compare and contrast.

I ordered it via Amazon.com and yes the price tag is steep for what it is.

It should only really be used as a part of a 'mindfulness framework' - but I find it distracting and it DOES interfere with the trading. Hence I use it only when I realize I am on TILT or when a string of losers are eroding my confidence, when I have taken a 'break' from the screen. Not what you wanted to hear, but it is mostly because the interface is 'inverted' - it beeps happily when you are in 'The Zone' making it intrusive. I wanted reverse - it should make noises only when I am in red and need to get back into the zone (at those times it stays silent).

Black Friday sometimes sees these being sold for $99 - I would recommend grabbing one at that price or lower, not at the marked up ones.

Watch out for such deals as this one (I had missed it then and paid the marked up price!)
$99 for an emWave2 Stress-Relief Device ($229 List Price). Free Shipping

Thanks for the info,

Being distracted is what I was concerned about. I agree that it would make more sense for it to be quiet while you're in the 'zone',....then start beeping or something when stress rises.

Still something im interested in though, so ill keep an eye out for some special prices.

Thanks.

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 DarkPoolTrading 
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bobwest View Post
Interesting. I try to monitor my mental state myself, but of course, then I'm often using a flawed instrument: my own mental state .

I can see the point of mindfulness in this context. I think I will continue without external assistance, but it is interesting that something like this is available.

Bob.

@bobwest,

Biofeedback is becoming more and more prevalent in trading. World class trading psychologists like Dr Brett Steenbarger and Andrew Menaker recommend biofeedback. I think Steenbarger mentioned it in his recent webinar on futures.io (formerly BMT) if im not mistaken.

Of course nothing wrong with monitoring it yourself. But for those of us who like statistics, biofeedback appeals so you can track your progress over weeks, months etc. But on the other hand,...it could just as easily be a gimmick with no real benefit.

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 bobwest 
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@bobwest,

Of course nothing wrong with monitoring it yourself. But for those of us who like statistics, biofeedback appeals so you can track your progress over weeks, months etc.

Yes, this would be the appeal: it's not myself doing the monitoring, so it's an independent reference point, and it's trackable over time.

I'll keep an open mind. It will be interesting to see how it works out over time.

Bob.

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Biofeedback aside, are you trying to pass the combine, or just using it as a training tool?

Because if you want to pass it, your daily goal target is way below the needed ($250 or even more adjusted for losing days), so you need to start to make more in the daily base thus you don't start swinging it in the last 2-3 days.

I guess the continuous Combine is more likely your cup of tea, but be aware that the LTP rules haven't changed so you should try to trade according to those.

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 iqgod 
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Biofeedback aside, are you trying to pass the combine, or just using it as a training tool?

Because if you want to pass it, your daily goal target is way below the needed ($250 or even more adjusted for losing days), so you need to start to make more in the daily base thus you don't start swinging it in the last 2-3 days.

I guess the continuous Combine is more likely your cup of tea, but be aware that the LTP rules haven't changed so you should try to trade according to those.

That is an interesting question.

The plain fact is I hesitate to allow a trade to reach its logical conclusion.

I have a high win rate, but at what cost? The profits are smaller than will allow me to pass. Actually I could have three two lot winners of 10-ticks and could be easily on my way to reach the profit target.

Another issue is the lack of time. I trade for two hours and am done (some outlier days it goes up to 9 hours).

So it boils down to changing habits.

Thanks for bringing this up, I guess it had got lost beyond words.

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iqgod View Post

Will you start a new thread in the psychology section specifically for this biofeedback device and share more info please.

Mike

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 iqgod 
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Will you start a new thread in the psychology section specifically for this biofeedback device and share more info please.

Mike

Yes, I will do that.

Thanks!

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 iqgod 
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Unfortunately I've been having chest pain since the past few days so took a trade, thought it would not be wise to ride the market today and hence exited. Few pips to show for it; going to take it easy for some time:


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iqgod View Post
Unfortunately I've been having chest pain since the past few days so took a trade, thought it would not be wise to ride the market today and hence exited. Few pips to show for it; going to take it easy for some time:



Depending on your age, I strongly encourage you to visit a doctor if you haven't already done so

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iqgod View Post
Unfortunately I've been having chest pain since the past few days so took a trade, thought it would not be wise to ride the market today and hence exited. Few pips to show for it; going to take it easy for some time:


You're still doing well. But yes, you should take care of yourself.

With chest pains, no matter what your health or age status, I think you need to get a medical opinion. Hopefully it's just something like indigestion, but if it isn't, you may not get a warning before something major happens.

My non-medical, basically uninformed opinion....

Bob.

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 iqgod 
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You're still doing well. But yes, you should take care of yourself.

With chest pains, no matter what your health or age status, I think you need to get a medical opinion. Hopefully it's just something like indigestion, but if it isn't, you may not get a warning before something major happens.

My non-medical, basically uninformed opinion....

Bob.

Thanks @Sazon and @bobwest.

Heart disease is believed to be hereditary and my father is a heart patient (who has successfully reversed a lot of it by lot of proper exercise and Dean Ornish stuff).

Though I try to keep my healthy habits on, the last two years, however have been trading trading trading. I breathe trading whenever I get time and spend lots of screentime.

I would say TST combines cause a lot of stress, but the stress is actually caused by me. Anxiety runs high during a combine run.


Will get myself checked, though a recent test revealed all parameters within limits - cholesterol (HDL, LDL), triglycerides, stress test, ECG all ok.

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 bobwest 
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Thanks @Sazon and @bobwest.

Heart disease is believed to be hereditary and my father is a heart patient (who has successfully reversed a lot of it by lot of proper exercise and Dean Ornish stuff).

Though I try to keep my healthy habits on, the last two years, however have been trading trading trading. I breathe trading whenever I get time and spend lots of screentime.

I would say TST combines cause a lot of stress, but the stress is actually caused by me. Anxiety runs high during a combine run.


Will get myself checked, though a recent test revealed all parameters within limits - cholesterol (HDL, LDL), triglycerides, stress test, ECG all ok.

Good. Take care of yourself.

Bob.

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iqgod View Post
Thanks @Sazon and @bobwest.

Heart disease is believed to be hereditary and my father is a heart patient (who has successfully reversed a lot of it by lot of proper exercise and Dean Ornish stuff).

Though I try to keep my healthy habits on, the last two years, however have been trading trading trading. I breathe trading whenever I get time and spend lots of screentime.

I would say TST combines cause a lot of stress, but the stress is actually caused by me. Anxiety runs high during a combine run.


Will get myself checked, though a recent test revealed all parameters within limits - cholesterol (HDL, LDL), triglycerides, stress test, ECG all ok.

@iqgod, definitely go get checked, this is not something to mess with. It could also be stress related so take some time off this weekend away from your trading and screens.

Mike

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 drago1 
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Consider this> Float tanks are incredible stress releasers. No gravitational yanking on the body and you may also find with your mind so free and body vanishing , the " stuff" you truly need to release will present itself.


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 PandaWarrior 
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iqgod View Post
Thanks @Sazon and @bobwest.

Heart disease is believed to be hereditary and my father is a heart patient (who has successfully reversed a lot of it by lot of proper exercise and Dean Ornish stuff).

Though I try to keep my healthy habits on, the last two years, however have been trading trading trading. I breathe trading whenever I get time and spend lots of screentime.

I would say TST combines cause a lot of stress, but the stress is actually caused by me. Anxiety runs high during a combine run.


Will get myself checked, though a recent test revealed all parameters within limits - cholesterol (HDL, LDL), triglycerides, stress test, ECG all ok.

Sounds like anxiety attacks....still I would see the doc....and take care to keep yourself healthy....and stop living and breathing trading. Trade then go do something else thats not related to trading. Studies have shown that having other interests that capture your attention significantly improve your trading.....be smart, get a life....its not worth your health.....I should know, I'm a heart patient as well.

Simplicity is the ultimate sophistication, Leonardo da Vinci


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 Itchymoku 
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if it is your heart for whatever reason and you feel your chest get heavy or the pain starts to radiate chew an asprin

By all three measurements, chewed aspirin worked fastest. It needed only five minutes to reduce TxB2 concentrations by 50%; the Alka-Seltzer took almost 8 minutes, and the swallowed tablet took 12 minutes. Similarly, it took 14 minutes for the chewed tablet to produce maximal platelet inhibition; it took Alka-Seltzer 16 minutes and the swallowed tablet 26 minutes. link

but if it were me I'd probably swallow one and chew one.

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iqgod View Post
Thanks @Sazon and @bobwest.

Heart disease is believed to be hereditary and my father is a heart patient (who has successfully reversed a lot of it by lot of proper exercise and Dean Ornish stuff).

Though I try to keep my healthy habits on, the last two years, however have been trading trading trading. I breathe trading whenever I get time and spend lots of screentime.

I would say TST combines cause a lot of stress, but the stress is actually caused by me. Anxiety runs high during a combine run.


Will get myself checked, though a recent test revealed all parameters within limits - cholesterol (HDL, LDL), triglycerides, stress test, ECG all ok.

I'd got hypertension ( mainly cause I'm a sufferer )

Get the heart rate monitor app for your phone, take down measurements just after waking up and various other times of the day, if you start getting spikes where it's 20-30 beats higher for no real reason then good odds that's your issue.

I had a stressful period recently, HR and blood pressure up huge but it's getting back to normal. Friday on the mountain bike, I stopped checked HR and 180 no wonder I felt dizzy, took a break till normal then fine rest of the ride.

Mild Excercise, so walk 30mins or so most days, cut out Caffeine, Sugary drinks ( not completely, lifes to short )

Asprin a day, is likely not a bad idea aswell, only chew if you need a quick hit must taste horrible.

There is supposed to be liquid Asprin out soon, real fast but can't find it anywhere yet.


Reduce your trading aswell, it's not worth your health!

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@iqgod,

as others have mentioned this is not something to take lightly, besides in my opinion trading in poor health won't help your performance it will rather have a negative effect. Which in turn create extra stress etc..

All the best to you.

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ABCTG

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 iqgod 
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Thanks! So many people sent me their wishes I was touched. Thank you @ABCTG, @Turveyd, @Itchymoku, @PandaWarrior, @drago1, @Big Mike, @bobwest, @Sazon

What I experienced multiple times was anxiety attacks.

I will be ceasing my trading fully till the end of this month (a seven day break too seems like a lot). Might continue the hiatus further after the next check-up. That is the doctor's advice. He minced no words there.

I will be completely flat and out and not watching charts.

That also means abandoning the current TST combine midway (the anxiety being exacerbated due to the constant self-created feeling/illusion of being monitored, examined, judged by TST). I could roll this one over by logging into T4 for say 20 minutes and taking a quick one lot one tick trade each day for the next five days but the chest does not permit me. Also I am not sure if I will ever be doing another combine so I will let my decision stand. Looks wimpy, but I'll take that any day rather than collapsing. You need to set a stop loss after all in all endeavors.

TST has been monumental in strengthening my foundations and allowed me to afford the education which would otherwise have been costly and would probably have ended with me giving up trading altogether. It however has been small amounts with real pressure.

I will now be continuing this journey with my own small accounts once I return from my hiatus.

I might login here occasionally if I experience withdrawal symptoms. But just like in trading, there is no going back on a decision - the trade target here is health (which is at risk and recovery of which is the reward).

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 bobwest 
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iqgod View Post
Thanks! So many people sent me their wishes I was touched. Thank you @ABCTG, @Turveyd, @Itchymoku, @PandaWarrior, @drago1, @Big Mike, @bobwest, @Sazon

What I experienced multiple times was anxiety attacks.

I will be ceasing my trading fully till the end of this month (a seven day break too seems like a lot). Might continue the hiatus further after the next check-up. That is the doctor's advice. He minced no words there.

I will be completely flat and out and not watching charts.

That also means abandoning the current TST combine midway (the anxiety being exacerbated due to the constant self-created feeling/illusion of being monitored, examined, judged by TST). I could roll this one over by logging into T4 for say 20 minutes and taking a quick one lot one tick trade each day for the next five days but the chest does not permit me. Also I am not sure if I will ever be doing another combine so I will let my decision stand. Looks wimpy, but I'll take that any day rather than collapsing. You need to set a stop loss after all in all endeavors.

TST has been monumental in strengthening my foundations and allowed me to afford the education which would otherwise have been costly and would probably have ended with me giving up trading altogether. It however has been small amounts with real pressure.

I will now be continuing this journey with my own small accounts once I return from my hiatus.

I might login here occasionally if I experience withdrawal symptoms. But just like in trading, there is no going back on a decision - the trade target here is health (which is at risk and recovery of which is the reward).

Very good decision, and I trust that the results will be good as well.

I hope that you do continue to post on futures.io (formerly BMT), not necessarily in a Combine thread, but somewhere. Your posts and insights are valuable to me, and I'm sure to many others.

Also, know that you have a lot of support here, and no one is judging you here at all....

Good luck, whatever you decide to do.

Bob.

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 PandaWarrior 
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iqgod View Post
Thanks! So many people sent me their wishes I was touched. Thank you @ABCTG, @Turveyd, @Itchymoku, @PandaWarrior, @drago1, @Big Mike, @bobwest, @Sazon

What I experienced multiple times was anxiety attacks.

I will be ceasing my trading fully till the end of this month (a seven day break too seems like a lot). Might continue the hiatus further after the next check-up. That is the doctor's advice. He minced no words there.

I will be completely flat and out and not watching charts.

That also means abandoning the current TST combine midway (the anxiety being exacerbated due to the constant self-created feeling/illusion of being monitored, examined, judged by TST). I could roll this one over by logging into T4 for say 20 minutes and taking a quick one lot one tick trade each day for the next five days but the chest does not permit me. Also I am not sure if I will ever be doing another combine so I will let my decision stand. Looks wimpy, but I'll take that any day rather than collapsing. You need to set a stop loss after all in all endeavors.

TST has been monumental in strengthening my foundations and allowed me to afford the education which would otherwise have been costly and would probably have ended with me giving up trading altogether. It however has been small amounts with real pressure.

I will now be continuing this journey with my own small accounts once I return from my hiatus.

I might login here occasionally if I experience withdrawal symptoms. But just like in trading, there is no going back on a decision - the trade target here is health (which is at risk and recovery of which is the reward).

Good luck in your health journey. This is a stressful business and not worth your health. Take care....

Simplicity is the ultimate sophistication, Leonardo da Vinci


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 Daytrader999 
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iqgod View Post
Thanks! So many people sent me their wishes I was touched. Thank you @ABCTG, @Turveyd, @Itchymoku, @PandaWarrior, @drago1, @Big Mike, @bobwest, @Sazon

What I experienced multiple times was anxiety attacks.

I will be ceasing my trading fully till the end of this month (a seven day break too seems like a lot). Might continue the hiatus further after the next check-up. That is the doctor's advice. He minced no words there.

I will be completely flat and out and not watching charts.

That also means abandoning the current TST combine midway (the anxiety being exacerbated due to the constant self-created feeling/illusion of being monitored, examined, judged by TST). I could roll this one over by logging into T4 for say 20 minutes and taking a quick one lot one tick trade each day for the next five days but the chest does not permit me. Also I am not sure if I will ever be doing another combine so I will let my decision stand. Looks wimpy, but I'll take that any day rather than collapsing. You need to set a stop loss after all in all endeavors.

TST has been monumental in strengthening my foundations and allowed me to afford the education which would otherwise have been costly and would probably have ended with me giving up trading altogether. It however has been small amounts with real pressure.

I will now be continuing this journey with my own small accounts once I return from my hiatus.

I might login here occasionally if I experience withdrawal symptoms. But just like in trading, there is no going back on a decision - the trade target here is health (which is at risk and recovery of which is the reward).

My best wishes to you as well.

Get well soon and take your time to recover without any pressure and / or stress, health is the most precious target of all in life.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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 Big Mike 
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@iqgod, smart move. Trading will be there later, make sure you are alive and healthy first and foremost.

Take it easy, and also take to heart that it may take more than 7 days, or even 7 weeks, to really begin to start the recovery.

Mike

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 Itchymoku 
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Do your anxiety attacks happen when you're trading your own account outside of the combine?

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
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@iqgod, if you haven't seen the show The Sorpanos, I highly encourage watching it during your time off. The main guy suffers from anxiety attacks, and it's one of the best shows ever to be on television.

Take it easy!

Mike

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 iqgod 
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Itchymoku View Post
Do your anxiety attacks happen when you're trading your own account outside of the combine?

No. No as in, not if I even if I have six losers in a row - I have no anxiety when I trade as per plan.

It is a self-inflicted disease. It got exacerbated in a combine because of (another self-induced) warped sense of time where you need to achieve something and are trading with a specific number in mind - that is a problem I am yet to mindfully address.

Finally it is the 'I' that does this.

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 iqgod 
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Yesterday I picked up this interesting book by Dan Ariely: The Honest Truth About Dishonesty: How We Lie to Everyone--Especially Ourselves

I have been a great fan of Dan Ariely after completing his Coursera MOOC (A Beginner's Guide to Irrational Behavior) early this year.

There was this insightful experiment in his other book "The Upside of Irrationality" which a reader Kevin found interesting:

His research was conducted in India where he wanted to find out just how performance bonuses might motivate people.

Various individuals are offered a chance to be given certain amounts of money based upon how well they perform in 8 games. It turns out the more money possible to be scored, the more likely the individual was to fail at the games. There was a bump over people performing for little more than a few hours of their time taken up but a more significant bump for individuals who received moderate sized "bonuses."

The experiment was laid out to show that large bonuses...amounting to as much as 5 months worth of income if medium difficulty level tasks were completed...don't motivate but actual interfere with performance.

This part of India was incredibly poor so having a chance at 5 months worth of income was truly dramatic. This could either be the difference between eating and NOT eating, rather than the difference between buying a TV or not having a TV.

f you've ever watched the TV Show Survivor, you've seen similar behaviors by people who consistently lose. People who let the pressure get to them because the clock is ticking... can do nothing but fail, and do indeed fail. But in Survivor there is always a winner. Some adapt. Some do not.

I instantly thought of the combine. Its 'I' again.

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 bobwest 
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iqgod View Post
No. No as in, not if I even if I have six losers in a row - I have no anxiety when I trade as per plan.

It is a self-inflicted disease. It got exacerbated in a combine because of (another self-induced) warped sense of time where you need to achieve something and are trading with a specific number in mind - that is a problem I am yet to mindfully address.

Finally it is the 'I' that does this.

With respect, I would say that:

1. Your decision to remove yourself from the stress of the Combine was an essential one, just as when the house is on fire, you get out of it. Remove the immediate danger.

2. That said, since you recognize that it is not trading itself, but you idea of the requirements of the Combine that gave you the stress, at some point you may find that you want to address whatever is going on there. Otherwise, I suspect you will see it again in some form, and probably you are already seeing it again in some form elsewhere -- since "I" is always somewhere near by.

By no means am I trying to lecture you or tell you what you should do... I have enough trouble knowing what I should do....

Since you mention mindfulness often, I think you will find the right path for yourself. And I'm sure you already know whatever you need to do next, in a way that's appropriate for you.

Just my cent and a half, suggested by your post. Hope it all goes well for you.

Bob.

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 iqgod 
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bobwest View Post
With respect, I would say that:

1. Your decision to remove yourself from the stress of the Combine was an essential one, just as when the house is on fire, you get out of it. Remove the immediate danger.

2. That said, since you recognize that it is not trading itself, but you idea of the requirements of the Combine that gave you the stress, at some point you may find that you want to address whatever is going on there. Otherwise, I suspect you will see it again in some form, and probably you are already seeing it again in some form elsewhere -- since "I" is always somewhere near by.

By no means am I trying to lecture you or tell you what you should do... I have enough trouble knowing what I should do....

Since you mention mindfulness often, I think you will find the right path for yourself. And I'm sure you already know whatever you need to do next, in a way that's appropriate for you.


Just my cent and a half, suggested by your post. Hope it all goes well for you.

Bob.



Great advice, Bob!


Here I would like to draw parallels and quote Hemingway ("A Moveable Feast") - just substitute the word "Combine" for the word "Paris" as you read along (a tad melodramatic, but reasonably correct):

“If you are lucky enough to have lived in Paris as a young man, then wherever you go for the rest of your life, it stays with you, for Paris is a moveable feast.”
― Ernest Hemingway, A Moveable Feast


“By then I knew that everything good and bad left an emptiness when it stopped. But if it was bad, the emptiness filled up by itself. If it was good you could only fill it by finding something better.”
― Ernest Hemingway, A Moveable Feast

“There is never any ending to Paris and the memory of each person who has lived in it differs from that of any other. We always returned to it no matter who we were or how it was changed or with what difficulties, or ease, it could be reached. Paris was always worth it and you received return for whatever you brought to it.”
― Ernest Hemingway, A Moveable Feast


One more:

"When you go to war as a boy you have a great illusion of immortality. Other people get killed; not you ... Then when you are badly wounded the first time you lose that illusion and you know it can happen to you."

- Hemingway said when he returned from Spain after serving with Red Cross

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 futuretrader 
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A wonderful take on the Hemingway, perhaps good for the heart too:

https://www.amazon.com/Never-Any-Paris-Enrique-Vila-Matas-ebook/dp/B008DM2LQ8/ref=sr_1_1?s=books&ie=UTF8&qid=1406362095&sr=1-1&keywords=never+any+end+to+paris

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 iqgod 
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I kept the racing capital secret and apart from all other capital.

Racing never came between us, only people could do that; but for a long time it stayed close to us like a demanding friend. That was a generous way to think of it. I, the one who was so righteous about people and their destructiveness, tolerated this friend that was the falsest, most beautiful, most exciting, vicious, and demanding because she could be profitable. To make it profitable was more than a full-time job and I had no time for that.

I was going to races alone more now and I was involved in them and getting too mixed up with them. I worked two tracks in their season when I could, Auteuil and Enghien. It took full-time work to try to handicap intelligently and you could make no money that way. That was just how it worked out on paper. You could buy a newspaper that gave you that.

You had to watch a jumping race from the top of the stands at Auteuil and it was a fast climb up to see what each horse did and see the horse that might have won and did not, and see why or maybe how he did not do what he could have done. You watched the prices and all the shifts of odds each time a horse you were following would start, and you had to know how he was working and finally get to know when the stable would try with him. He always might be beaten when he tried; but you should know by then what his chances were. It was hard work but at Auteuil it was beautiful to watch each day they raced when you could be there and see the honest races with the great horses, and you got to know the course as well as any place you had ever known. You knew many people finally, jockeys and trainers and owners and too many horses and too many things. In principle I only bet when I had a horse to bet on but I sometimes found horses that nobody believed in except the men who trained and rode them that won race after race with me betting on them. I stopped finally because it took too much time, I was getting too involved and I knew too much about what went on at Enghien and at the flat-racing tracks too.

When I stopped working on the races I was glad but it left an emptiness. By then I knew that everything good and bad left an emptiness when it stopped. But if it was bad, the emptiness filled up by itself. If it was good you could only fill it by finding something better. I put the racing capital back into the general funds and I felt relaxed and good.

― Ernest Hemingway, A Moveable Feast

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 iqgod 
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Continuing @PandaWarrior's sharp sense for finding trading wisdom in many places, Kung Fu Panda 2 continues the same tradition of imparting trading wisdom.

This site is a treasure trove:

Inner peace - Kung Fu Panda Wiki, the online encyclopedia to the Kung Fu Panda world!

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 iqgod 
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I love Enid Blyton, who wrote 400+ books for children.

I have a HUGE collection (though not all).

I read them often!

And I was surprised to see how much simple wisdom contained in them can be applied to trading.


P.S.: As a side note I participated in the TopStepTrader trading challenge.

I did not bother much about it and took part casually. Trading 15 lots at a time I was able to take the $150,000 to exactly $162,007!

Free from thinking about the Rules (and yet surprisingly - staying within those rules!), it felt as if I had finally hit my combine target which used to be $12000 just a few months ago!

I am elated and thankful. Now I know it can be done. By me.

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 bobwest 
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iqgod View Post
I love Enid Blyton, who wrote 400+ books for children.

I have a HUGE collection (though not all).

I read them often!

And I was surprised to see how much simple wisdom contained in them can be applied to trading.


P.S.: As a side note I participated in the TopStepTrader trading challenge.

I did not bother much about it and took part casually. Trading 15 lots at a time I was able to take the $150,000 to exactly $162,007!

Free from thinking about the Rules (and yet surprisingly - staying within those rules!), it felt as if I had finally hit my combine target which used to be $12000 just a few months ago!

I am elated and thankful. Now I know it can be done. By me.

Very cool.

It shows that our obstacles are personal and psychological, more than technical or a matter of knowledge....

Congratulations.

Bob.

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 iqgod 
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bobwest View Post
Very cool.

It shows that our obstacles are personal and psychological, more than technical or a matter of knowledge....

Congratulations.

Bob.

Yes, very true!

(To quote, nobody in particular, LOL: "I am my own best friend and worst enemy." / "The holy grail? Its in the mirror!")


Thanks!

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 iqgod 
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Here is what Dr.Brett Steenbarger wrote yesterday on his inestimably-valuable blog:

TraderFeed: Happiness and the Power of Our Expectations


A wealth of research shows that perfectionism of the less healthy kind reduces productivity and is even associated with poorer health outcomes. One possible link between perfectionism and these adverse consequences is self-criticism. Healthy perfectionism is about striving and moving oneself forward. Unhealthy perfectionism is about living a life script of perpetually falling short.

We gravitate to our own self-talk.



When what you are doing is deeply rewarding, your work becomes part of you.

Even the greatest dedication, however, can be sabotaged by expectations and self-demands that create more frustration than fulfillment. A recent study found that our expectations help to shape our experience of happiness.


Be careful of what you think, expect and live for. As @PandaWarrior told me, avoid breathing markets 24x7 and know what it is you really want.

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 iqgod 
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“You gotta let go of all that stuff in the past because it doesn’t matter anymore. The only thing that matters is what you choose to be now.” – Po to Shen


https://shepherdsvoice.com.ph/media/ebooks/yourpast_1stChapter.pdf

Bo Sanchez’s book “Your Past Does Not Define Your Future” might just be one of the defining moments of my life. It doesn’t matter what your past failures or hardships are, what matters is the future you make for yourself. Though I am not a Christian the message from the book rings crystal clear.

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