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.
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The following user says Thank You to Big Mike for this post:
I am humbled by, what appears to be, my ascension to the Red Badge of Honor. I hope to live up
to this gift by paying forward the incredible knowledge I have gathered from this wonderful community.
As for my trading, I took a bit of a psychological break from the pressure reactivating the live
account and just beat around the studio for a week or so, but also studied PA everyday to keep
my mind right and in tune with my instrument.
I'm trying to visualize being successful in trades and keeping my emotions in check, should things
not turn out well on a trade. Not too high, Not too Low. I can close my eyes and picture the setups
in my mind now and remember all the pit falls to avoid.
I may start on Monday, if I feel my mind is right. I feel the stars must be aligned for this to take off.
Also, if I can get into a groove and keep my head, the sky is the limit.
I have been over this before - I have always been a hot head - emotional, moody and temperamental.
If I can become a good trader and subdue these personal demons, I will, in turn, become a better person.
It will be easy to then apply that mental exercise to life's little calamity's. They are the same mind set.
Certainly, something to strive for the rest of my days.
I need trading.
The plan has not changed. My charts have not changed.
I still want to make a decent part time living by making $300 a day. $200 for the bills - $100 for the account.
$150 daily stop. This is to start out and get my feet.
With every $1000 added to the account, I will add a car. Same plan - All in, all out.
The music industry in Nashville has just about bottomed out and I am learning to deal with the
fact that the boom days are over. What will be, will be.
These are difficult times and we must all stay the course and trust.
We should all feel blessed that we have been placed on this course. In this age of hard to
find "real jobs" we are learning a craft of infinite possibilities. We have tapped into where cash
actually "lives" - the markets.
We must keep our focus and our heads. Be brave and resilient.
The time is now.
"Life On The Edge of SR"
The following 5 users say Thank You to tderrick for this post:
I think I have some insight now on the state of affairs of the new, leaner, meaner Nashville. It appears
we have a new business model. Summertime is now officially slow. With artists out on the road, all
the big writers either visit them at some point in the bus tour and write or wait until they are off
the road and back in town. Neither scenario is good for the studio business.
Now that the tours have wound down and the kids are back in school the studio is blowing up again.
It appears I have survived yet another Nashville metamorphosis.
The last number I heard was around 100 writers in town getting the majority of cuts and making money.
Quite a shock from the thousands we have had in the boom of the '90's.
As for the trading portion of the show, My mind is getting back to the right place to start up the side
trading business. I had a very difficult time pulling the trigger on live trades, when my financial future
was a bit uncertain. When this wave of "catch up" recording passes, I should have some time to enter
the markets again.
I will not hurry to trade live this time around. I have learned that the mindset is critical to success. My timing must
be just right in order to increase my chance for success.
As always, I work my market replay daily. Keeping the blade sharp for when it is time to enter battle.
My charts have still not changed and when I open them up, they look like an old friend I have known for
years and can absorb her mood in a glance.
So, ever since Labor Day, I have either been locked up in the tracking room, or here, in the Vocal Suite.
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Life is on course again and I'm looking forward to the future making music and trading the markets.
I will be posting charts when I'm in the game again
"Life On The Edge of SR"
The following 2 users say Thank You to tderrick for this post: