Calling all traders who "get it"

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Old Feb 11, 2018, 2:26pm   #1
Joined Feb 2009
Calling all traders who "get it"

So, I stayed away from a couple of trading forums for 9 years but stopped by recently to hear what others thought of the ESMA proposals.

Then, I got embroiled in a couple of discussions and remembered why I left all those years ago. Btw, T2W is the best forum out there imho, its members are a lot more civilised!

Anyway, to cut a long story short, wanting to leave again has me a little sad because I know there are traders out there who "get it" and with whom I could have a healthy discussion, but I fear they are exactly the type of people who would probably stay away.

Trading is a lone project, and I have no problem with that. I love the fact that self-responsibility and self-awareness are required to succeed. However, it would also be great to touch base with other like-minded traders. It seems people like me are happy to go their own way, to the detriment of the group.

So, with a view to getting a group of like-minded traders together, I am sticking my neck out and starting this thread. Let's just call it an optimistic experiment.


In order to not have this thread go off at a tangent, some assumptions have been made:

- Making a living trading is most definitely possible and many of us are doing so, whether it be through SB, CFDs or any other vehicle.

- Mindset is the most important factor in trading success, self-awareness paramount.

- We trade in order to improve our lives in a whole multitude of ways, with the view to being happier, healthier and better humans.

- Living a better life makes us better traders.

- Humility is cool, bravado is not.

- We don't have to take it all too seriously.


Therefore, I respectfully ask that anyone feeling the need to protest against these assumptions do so on another thread rather than clutter up what I hope to be a supportive group of traders sharing their views and communicating positively.

Thanks for reading!
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Old Feb 11, 2018, 3:23pm   #2
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Thanks? Any advices directly related to trading, i.e. general approach like books, platforms, brokers, other stuff?
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Old Feb 11, 2018, 5:40pm   #3
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Originally Posted by gerryg View Post
Thanks? Any advices directly related to trading, i.e. general approach like books, platforms, brokers, other stuff?
Hi Gerry

Thanks for posting

I obviously can't give any specific advice, as what works for me might not work for you but I can certainly share some ideas based on personal experience.

Hopefully some other traders will share their thoughts too.

There are plenty of books out there but my real learning happened by doing, not reading about doing. I re-read the Market Wizards series every year though, plenty of great nuggets of wisdom in there.

As for general approach, my policy is to keep the mechanics of trade selection as simple as possible. Once I reduced the distraction by external "clutter" as much as possible, it was much easier to get to the really important (mindset) work. As such I am a minimalist trader, which would certainly not suit everyone's temperament. Minimalist charts (no indicators or candlesticks), minimal instruments (4 currency pairs), minimal number of trades (on average 0-2 trades a week).

As for brokers, I can safely say that my trading turned around once I deeply, truly believed that my broker was not out to get me. There is so much negativity about brokers but I knew that in order to succeed, I had to put the idea that my broker would thwart my success out of my head. That way, any errors of judgement are mine and mine alone, giving me even more mindset stuff to work on! So, I would say that being happy with your broker is essential.

I hope that gives you some things to think about. Anyone else have any thoughts?

Jay
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Old Feb 11, 2018, 7:32pm   #4
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hey Jm ............good to see you back ..........

I'm not as active as i used to be here even though im F/T trading again .....but T2win is a nice forum with a lot of decent people out there as you say ...........i am on a lot of other forums as well which are brutal on less experienced traders .....unless you have a decent reputation .....

always happy to chew the cud

N
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Old Feb 11, 2018, 7:41pm   #5
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read absolutely everything you can get your hands on ..........you will soon get to learn the filters in your trading head once you get more experience ........

I try to hoover in everything i can ....discarding as i go if its no use to me ..ebooks , threads , youtube .whatever

learn about all aspects of trading and then start disgarding all the superfluous stuff rapidly you dont need .............what you keep is up to you as an individual trader ...no one can tell you what to use ...........thats all up to you

I would say keep it relatively simple though ..the more rules you have the more paralysed your trading becomes ......use what works and accept everyone has to take losses at times ....thats trading

brokers are an important part of the machine ..........you need one you trust ....then negociate for decent rates and always get on their back if you feel something went wrong ....and remember paying a few extra percentage points for comms and spreads is worth it if the Broker is still around to pay you back your profits one day .........getting paid is better than a Broker going under with your money as many do

and of course trading , gambling , whatever ........this is a lifestyle choice..if you dont like it then dont trade ...........the best traders in the world are doing it because they love it .....not just the money ......

ive been gambling since i was a kid and trading since the 1980's....its in my blood and I love it .......so thats my story

N
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Old Feb 11, 2018, 8:32pm   #6
 
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it's true that significant pysch obstacles must be overcome, but that's only the half of it. the other half is congruence with market at least 1/2 that time, and the other half get out!
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Old Feb 11, 2018, 8:38pm   #7
Joined Feb 2009
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Originally Posted by NVP View Post
hey Jm ............good to see you back ..........

I'm not as active as i used to be here even though im F/T trading again .....but T2win is a nice forum with a lot of decent people out there as you say ...........i am on a lot of other forums as well which are brutal on less experienced traders .....unless you have a decent reputation .....

always happy to chew the cud

N
Thanks Neil!

Yes some forums are... brutal is the word!
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Old Feb 11, 2018, 8:46pm   #8
 
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i'm a visual & intuitive trader...if had to describe myself this is it. math was never my best subject...i see patterns..not numbers..maybe in my deep mind's eye i turn those patterns into numbers...i don't no.that's just me

had my druthers i'd be a number cruncher...but not my aptitude..gotta go with your strengths

in keeping with thread's central idea, my pscychology needed a bit of tweaking too
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