NexusFi: Find Your Edge


Home Menu

 





Introduction and burgers


Discussion in Traders Hideout

Updated
    1. trending_up 648 views
    2. thumb_up 3 thanks given
    3. group 4 followers
    1. forum 2 posts
    2. attach_file 0 attachments




 
Search this Thread

Introduction and burgers

  #1 (permalink)
LCCTrader
Munich
 
Posts: 2 since Mar 2021
Thanks Given: 2
Thanks Received: 4

Hi folks,

Its me, hi, Im the problem its me. Im a 38 year old tpo trader coming from europe. When I read through this forum for nights without an end, I thought: Maybe its time, I could give back some experience and knowledge that amount to about 7 years.

Where to start? My journey was and still is arduous. More than that. I think i have invested in about over 30 thousand dollars, in evaluation processes, resets, software solution and the constant search for the holy grail.

As a loner, without interpersonal exchange with like-minded people (not even in any other level), it's damn hard to believe that you can, will, not only make a living from it one day. Even worse, the thought of not knowing anyone who can make a living from trading doesn't exactly provide additional motivation.

In today's world, it's easy to get the impression that you can achieve anything if you want to. If you only fight hard enough for it. Not at all!
Just because you dream about something doesn't mean you will achieve it. Certainly not in this business.
What is hard work in the trading business anyway? Is it experiencing pain over and over again, frustration that almost leads to burnout?
Is it a 24/7 efforts, looking for the key, that pushs open a door that leaves everything behind?

To cut a long story short, you can make the best burgers in town and still lose money.
Meaning:
1. learn to fry burgers
2. learn to accept, trust that your burgers are sometimes the best and don't sabotage yourself.
3. get the goods to the man without getting killed in the process. suffer financial shipwreck.


There will be days when no one comes, no one is hungry because it rains. The problem is: you don't recognize the rain because you are still in the process of constructing the device so that you can fry burgers permanently and without technical incidents. the barbecue is broken. You are exhausted. You sit in your damn little box and think to yourself: what the hell is going on here? Why is no one coming?
Well, take a look outside...get up and take a brake. Belief in your backtesting statistics.

This methaphorical digression is partly the reason why i decided pretty early on to anticipate market-generated information. (TPO)
The window to the courtyard is therefore huge for me. And although i know all these things, have read and reviewed dozens of books by douglas and co, i can't get a grip on the affect moment, even I can say: I love trading. I really do.

This is trading. Trading is process and as far as i can think, i will not stop trying to understand why i cannot trade my gameplans. (they end up working out 90% of the time)

Anyway. I hope this little story can help one or the other to get back on track.

Thank you for your attention.

PS: does anyone now a charting software with a right aligned volume profile before the tpo chart, like in the "integrated client" by CQG?
I am grateful for any advice. (gladly also people who are familiar with sierra chart and can code)

good trades!

S.

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Futures True Range Report
The Elite Circle
Deepmoney LLM
Elite Quantitative GenAI/LLM
Build trailing stop for micro index(s)
Psychology and Money Management
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
 
  #2 (permalink)
 
Ironbeam's Avatar
 Ironbeam   is a Vendor
 
Posts: 93 since Jan 2018
Thanks Given: 58
Thanks Received: 81


LCCTrader View Post
Hi folks,

Its me, hi, Im the problem its me. Im a 38 year old tpo trader coming from europe. When I read through this forum for nights without an end, I thought: Maybe its time, I could give back some experience and knowledge that amount to about 7 years.

Where to start? My journey was and still is arduous. More than that. I think i have invested in about over 30 thousand dollars, in evaluation processes, resets, software solution and the constant search for the holy grail.

As a loner, without interpersonal exchange with like-minded people (not even in any other level), it's damn hard to believe that you can, will, not only make a living from it one day. Even worse, the thought of not knowing anyone who can make a living from trading doesn't exactly provide additional motivation.

In today's world, it's easy to get the impression that you can achieve anything if you want to. If you only fight hard enough for it. Not at all!
Just because you dream about something doesn't mean you will achieve it. Certainly not in this business.
What is hard work in the trading business anyway? Is it experiencing pain over and over again, frustration that almost leads to burnout?
Is it a 24/7 efforts, looking for the key, that pushs open a door that leaves everything behind?

To cut a long story short, you can make the best burgers in town and still lose money.
Meaning:
1. learn to fry burgers
2. learn to accept, trust that your burgers are sometimes the best and don't sabotage yourself.
3. get the goods to the man without getting killed in the process. suffer financial shipwreck.


There will be days when no one comes, no one is hungry because it rains. The problem is: you don't recognize the rain because you are still in the process of constructing the device so that you can fry burgers permanently and without technical incidents. the barbecue is broken. You are exhausted. You sit in your damn little box and think to yourself: what the hell is going on here? Why is no one coming?
Well, take a look outside...get up and take a brake. Belief in your backtesting statistics.

This methaphorical digression is partly the reason why i decided pretty early on to anticipate market-generated information. (TPO)
The window to the courtyard is therefore huge for me. And although i know all these things, have read and reviewed dozens of books by douglas and co, i can't get a grip on the affect moment, even I can say: I love trading. I really do.

This is trading. Trading is process and as far as i can think, i will not stop trying to understand why i cannot trade my gameplans. (they end up working out 90% of the time)

Anyway. I hope this little story can help one or the other to get back on track.

Thank you for your attention.

PS: does anyone now a charting software with a right aligned volume profile before the tpo chart, like in the "integrated client" by CQG?
I am grateful for any advice. (gladly also people who are familiar with sierra chart and can code)

good trades!

S.

Welcome!

I would go on a limb here and say that Sierra Charts would very likely have this ability.

Use Promo Code FUTURES.IO for $0.45 futures commissions, $0.19 micro commissions HERE. *Promotion only available to new customers. Other fees such as exchange and NFA still apply*
Mike Murphy | Director of Trading
Ironbeam Futures
Phone: 312-765-7228 | [email protected]
Follow me on Twitter Reply With Quote
  #3 (permalink)
 TigerStripes   is a Vendor
 
Posts: 109 since Mar 2021
Thanks Given: 33
Thanks Received: 56



LCCTrader View Post
Hi folks,

Its me, hi, Im the problem its me. Im a 38 year old tpo trader coming from europe. When I read through this forum for nights without an end, I thought: Maybe its time, I could give back some experience and knowledge that amount to about 7 years.

Where to start? My journey was and still is arduous. More than that. I think i have invested in about over 30 thousand dollars, in evaluation processes, resets, software solution and the constant search for the holy grail.

As a loner, without interpersonal exchange with like-minded people (not even in any other level), it's damn hard to believe that you can, will, not only make a living from it one day. Even worse, the thought of not knowing anyone who can make a living from trading doesn't exactly provide additional motivation.

In today's world, it's easy to get the impression that you can achieve anything if you want to. If you only fight hard enough for it. Not at all!
Just because you dream about something doesn't mean you will achieve it. Certainly not in this business.
What is hard work in the trading business anyway? Is it experiencing pain over and over again, frustration that almost leads to burnout?
Is it a 24/7 efforts, looking for the key, that pushs open a door that leaves everything behind?

To cut a long story short, you can make the best burgers in town and still lose money.
Meaning:
1. learn to fry burgers
2. learn to accept, trust that your burgers are sometimes the best and don't sabotage yourself.
3. get the goods to the man without getting killed in the process. suffer financial shipwreck.


There will be days when no one comes, no one is hungry because it rains. The problem is: you don't recognize the rain because you are still in the process of constructing the device so that you can fry burgers permanently and without technical incidents. the barbecue is broken. You are exhausted. You sit in your damn little box and think to yourself: what the hell is going on here? Why is no one coming?
Well, take a look outside...get up and take a brake. Belief in your backtesting statistics.

This methaphorical digression is partly the reason why i decided pretty early on to anticipate market-generated information. (TPO)
The window to the courtyard is therefore huge for me. And although i know all these things, have read and reviewed dozens of books by douglas and co, i can't get a grip on the affect moment, even I can say: I love trading. I really do.

This is trading. Trading is process and as far as i can think, i will not stop trying to understand why i cannot trade my gameplans. (they end up working out 90% of the time)

Anyway. I hope this little story can help one or the other to get back on track.

Thank you for your attention.

PS: does anyone now a charting software with a right aligned volume profile before the tpo chart, like in the "integrated client" by CQG?
I am grateful for any advice. (gladly also people who are familiar with sierra chart and can code)

good trades!

S.

I suggest NT as a platform and a set of tols by NeuroStreetTradingAcademy, I have not used SC and not Shure if it comparable. Though the TPO tools in their systems are fantastic and have yet to come across such a tool that offers the same, although there are choices that are different in one or another implementation.

Reply With Quote




Last Updated on April 25, 2023


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts