Yeah, different personalities require different motivations. I never really asked anyone if they were profitable with their method, I never really cared. But what I want to know is what is the method? How does it work? I didn't care if that person made money with it or not, if that person was profitable or not. I knew that if the method was sound, and it fit my personality, then I would do the work to make it work for me, or at the very least, pick up a nugget or two of wisdom from it that increases my understanding. Never really needed inspiration, just the tools to get me started, get down to the nitty gritty, take the method apart, put it through the paces, make it prove itself. Just different personality types I guess.
That's what I try to do when I advise people about the method I use. Here's what worked for me, go kick the tires, see how it does for you.
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I would explain it by simply using the word "experience". But a lot of people dismiss that as being evasive, when really that isn't the intention. Once you stop chasing the holy grail and stop focusing on a million indicators and setups, and truly start working on your own trading, then it is just a matter of time, patience, and discipline to be successful.
Of course, few people truly have the time, patience, and discipline - which is why you see so many going after what they perceive as "short cuts", like third party vendor solutions, trade rooms, someone else's trade method, etc etc.
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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Not sure if that was a compliment or a blame! But, I would say here be cautious not to trade with the goal of recovering your losses, but rather with the goal of trading well, and let the money take care of itself. The moment you start thinking about recovering your losses, psychologically it will affect your trading, most likely by pushing you to take profits too early, or taking on additional risk, to satisfy the subconscious goal of reducing the recovery amount in order to achieve that goal.
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You know, denying responsibility and blaming fault on others goes way back into the Biblical days...you remember Adam and Eve?
Bobby, just remember....WHO made that DECISION "to plant the seed of disbelief," YOU or monpere? That's why I love trading...you can't LIE to the markets.
You'll be surprise to see what kind of answers you get when you look at yourself in the MIRROR.
I just posted on my journal not get involve in other peoples drama... ... but since you're asking, I'll go as far as I sense your sincerity.
Bobby, you have things a bit backwards....it's not, "I can recover my losses, [then] I may consult a counselor." No, no, no... it's "I will consult a counselor, THEN I will recover my losses!!!"
I'll tell you what, yesterday I posted a good trading series call Million Dollar Trader. <<< ya, click it.
I want you to watch it COMPLETELY from episode 1 to 18. And I want you to tell my which of these traders you associate with...I'm not talking about physicality, but in terms of psychology, emotions, mannerisms, etc.
When you're done let me know....
"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
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