TRADING PSYCHOSIS
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Posted - 05/30/2009 : 15:30:43
Monkey Meat, its for newbies who can use it to make 1 trade per day at RHT Open in the diraction of previous open. It has a high sucess rate. BTW what is "Zen Koan"
Posted - 05/30/2009 : 15:57:21
quote: This is dead on Joe ... and the perfect questions at the end about the walk-thru of bad days and what comprises a trade setup!!
Posted - 05/30/2009 : 16:01:28
quote: That was good info ak1. The way it was worded sounded like a Zen Koan to me for some reason. Google it because I've had a couple of beers that'd not allow me to describe it well at this point on a Saturday. Thanks for your input here, much appreciated!!
Posted - 05/30/2009 : 16:12:50
There's been a big time THEME to the posts so far. It's all about Psychology and Discipline with method ... but more importantly with money management and trade management. I'll try to adress the Vendor thing later from my perspective and experience. In the meantime, I'm attaching an MSWord doc about Money Management. Hopefully folks will find it helpful. Please feel free to comment on it and add to it. That'll only improve the quality of info on the topic here.
Click link to access uploaded file: TradingMoneyManagementMypivots.doc And TraderMom, I'd love to read your response to Joe's post ... or anyone elses to those same questions. This should be a candid learning experience that we all can learn from I hope ... me included!
Posted - 06/06/2009 : 16:31:45
I am so thankful to have found this place. I have done some research about the info I've found here. I loved that money management book, and the trading the 10 o'clock bulls. I think I have figured out a lot about what my problem is.. I went back to sim trading and have done really really, well.. (that always happens though) but now I even feel like I MIGHT know what I'm doing. I realized that even though I thought I had a strategy, I really didn't and what I did have was not iron clad, and I would change the rules as I went along... (I hate playing with people like that, and it seems the market does too) LOL..
I have been looking over at the strategies in this forum, and have learned a ton. I"m going to go back over there, and ask some questions. Again, I thank you all so so much.
If past history was all there was to the game, the richest people would be librarians...... Warren Buffet
Posted - 06/07/2009 : 21:31:50
TraderMom, with regard to managing STOP LOSS on thing that I can suggest is the say you entry a stop loss at 935, often you may find that the market comes hits the S.L at 935, takes you out and then turns and goes the way you wanted it to go leaving behind a spike. Well the answer is decide where you would like to enter the S.L but do not enter it. Instead if the market touches your S.L point wait for a close below it on a 1 min. chart. This way you can easily tackle the notorious spikes.
Posted - 06/08/2009 : 00:18:28
quote: Is. S.L. swing low?? or... Thanks a bunch for helping!!
If past history was all there was to the game, the richest people would be librarians...... Warren Buffet
Posted - 06/08/2009 : 00:37:27
quote:TraderMom, SL = Stop Loss
Posted - 06/08/2009 : 00:41:31
Got it.. Thanks.. but that kinda sounds like sudden death to me.I appreciate the feed back.. I check in to it.. Thanks a bunch..
If past history was all there was to the game, the richest people would be librarians...... Warren Buffet
Posted - 06/21/2009 : 10:06:26
What happened to this thread?
When I think of all the threads this was my favorite and exemplified what "mypivots" is all about. Helping people to become better traders and learning from one another. I guess we need a catalyst of some sort. Any suggestions?
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