Just BEING a Trader: Letting Go!!

February 19th, 2021, 11:55 AM

iqgod

But I am not proud of those five trades, I took them in 'wrong' places - I lost a little in each, so not an expensive lesson.

But many a time losers happen and there isn't anything I would have done differently in each of those trades - - they are variance' way of saying that the market is the market.

That's contradictory, why wouldn't you do anything different if you took them in the wrong place?

If you followed your plan and ended up with a loss then in my opinion you had a good trade with a bad outcome. You can be proud of those trades.

February 19th, 2021, 07:06 PM

deaddog

That's contradictory, why wouldn't you do anything different if you took them in the wrong place?

If you followed your plan and ended up with a loss then in my opinion you had a good trade with a bad outcome. You can be proud of those trades.

Ah yes, you are right! I had composed the post thinking I had taken the trades correctly then on penning it down had realized I was in a tearing hurry!

Thanks for pointing it out!

February 20th, 2021, 01:50 AM

This is something to consider when you are on a losing streak:

Bramhachari Mode On

February 20th, 2021, 02:39 AM

It would be cool if you credited all of the text you are posting. It's all very good.

February 20th, 2021, 08:23 AM

iqgod

This is something to consider when you are on a losing streak:

Bramhachari Mode On

Just curious, are you "Brahmachari"?

Has that actually helped in trading? It would be really really interesting to gather data of cases based on these;
1. Married/partnered, with supportive spouse for trading
2. Single, with individual effort towards trading
3. Married/Partnered but spouse in the dark about trading (would be hard to achieve in live in relationship but doable if its just ones in a while stay overs)

I guess, something like correlation analysis would be real good here, sorry but my usually latent researcher is popping its head out atm.

February 20th, 2021, 08:35 AM

Rrrracer

It would be cool if you credited all of the text you are posting. It's all very good.

I've been receiving lots of PMs requesting me for the sources.

I've quite a huge collection of trading books, most rubbish, some average, and a very very few that hit the nail on the spot.

So till now here are the two books I've used:

Mindtraps: Mastering the Inner World of Investing by Roland Barach

Mindtraps : mastering the inner world of investing
by Barach, Roland

Publication date 1988
Publisher Homewood, Ill. : Dow Jones-Irwin

You can borrow it for free from:
https://archive.org/details/mindtrapsmasteri00bara_0

And a very few were from:

The Art of the Trade: What I Learned (and Lost) Trading the Chicago Futures Markets
Published October 1st, 2008 by Wiley

February 21st, 2021, 04:26 AM

LastDino

Just curious, are you "Brahmachari"?

Has that actually helped in trading? It would be really really interesting to gather data of cases based on these;
1. Married/partnered, with supportive spouse for trading
2. Single, with individual effort towards trading
3. Married/Partnered but spouse in the dark about trading (would be hard to achieve in live in relationship but doable if its just ones in a while stay overs)

I guess, something like correlation analysis would be real good here, sorry but my usually latent researcher is popping its head out atm.

Well, I'm happily married but my spouse does not like me trading at all.

I started trading twelve years ago and kept losing losing losing good amounts for ten years.

And I have a day job (which I love) which probably softened the blows of the market.

But looking at the dedication, her stance has softened a bit, just a bit. :-)

Hope that helps.

February 21st, 2021, 04:33 AM

LastDino

Just curious, are you "Brahmachari"?

Has that actually helped in trading? It would be really really interesting to gather data of cases based on these;
1. Married/partnered, with supportive spouse for trading
2. Single, with individual effort towards trading
3. Married/Partnered but spouse in the dark about trading (would be hard to achieve in live in relationship but doable if its just ones in a while stay overs)

I guess, something like correlation analysis would be real good here, sorry but my usually latent researcher is popping its head out atm.

So there is no 'conclusive' proof I can show you given my 'status' but I have noticed that the days I treat the market as a professional occupation i.e. a non-release, non-orgasmic, non-destination-consciousness and GIVE myself to trading instead of 'trying to suck its marrow dry into my coffers' attitude, I find a sense of balance that does not throw me into wild emotions during the trading hours and the balance continues beyond.

What you bring to the table from a 'passionate' state of wanting is very dissipative whereas without any needs and wants the game becomes much much much less stressful and a lot of fun.

Just my observations.

February 22nd, 2021, 02:06 AM

Viewing the market correctly is the first step

Your approach is determined by your intrinsic view.

In the next four posts I would like to highlight the four views/positions traders take that are apt to be profitable in increasing order.

February 22nd, 2021, 04:38 AM

Which one is the current you?

Your Program Determines Your Trading Destiny

Program 4 makes the most money, IMHO!

Here it is important to state: This 'Fun' thing is not the gambling rush - in that rush (a kind of madness) you feel hollow somewhere and are trying to swoosh in that vaccum by the thrill of winning - here 'fun' refers to the ease at which you come to the market, go about your business and actually sing while trading!

Just BEING a Trader: Letting Go!!

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Just BEING a Trader: Letting Go!!