Turned an important corner.

Rooster34

Well-known member
332 66
I reluctantly started reading Trading in the Zone, I really deep down did not want to admit the problem with trading might be me. I mean after all, the right entry, stop, and exit, has to produce results right?

Anyway, I havent been on the forums, and really haven't traded much lately.

I went through and read some newer threads on here and of course ala any trading forum, most of the threads turned into a discussion of why the methods wouldn't work.

Nothing new, right, although there is something new, this is the first time these kinds of discussions did not cause me any emotional distress. I've always felt that the originator of a system thread probably knows more than me, and if there was a large amount of dispute about his/her system even working, that i was lightyears away from trading profitably.

Oddly enough, I start working on myself, stop worrying about rewards ( profit ), and things that used to cause me emotional pain are starting to seem trivial.

I would say that i wish I had taken this path earlier, but truth is, I was exposed to trading psychology 20 years ago and didn't want any part of it. So I started the path when I was ready to accept it.

I'm still not a overall profitable trader, but that's ok for now, I know the answers lie within myself somewhere, I just have to cultivate them. And I think I am really going to enjoy this part, I already feel calmer, and it's a very good feeling.
 
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NVP

Legendary member
37,622 2,032
I reluctantly started reading Trading in the Zone, I really deep down did not want to admit the problem with trading might be me. I mean after all, the right entry, stop, and exit, has to produce results right?

Anyway, I havent been on the forums, and really haven't traded much lately.

I went through and read some newer threads on here and of course ala any trading forum, most of the threads turned into a discussion of why the methods wouldn't work.

Nothing new, right, although there is something new, this is the first time these kinds of discussions did not cause me any emotional distress. I've always felt that the originator of a system thread probably knows more than me, and if there was a large amount of dispute about his/her system even working, that i was lightyears away from trading profitably.

Oddly enough, I start working on myself, stop worrying about rewards ( profit ), and things that used to cause me emotional pain are starting to seem trivial.

I would say that i wish I had taken this path earlier, but truth is, I was exposed to trading psychology 20 years ago and didn't want any part of it. So I started the path when I was ready to accept it.

I'm still not a overall profitable trader, but that's ok for now, I know the answers lie within myself somewhere, I just have to cultivate them. And I think I am really going to enjoy this part, I already feel calmer, and it's a very good feeling.

hey mate

a confession .........

The problem with EVERYONES trading performance is themselves.....;)

dont believe the B*llsh*t and hype out there......which T2W seems to have been propagating more frequently recently

no ones perfect ..or even near it .......:smart:

N
 

NVP

Legendary member
37,622 2,032
keep posting and exploring what you are doing.......profitablility will arrive one day when you least expect it !

N
 

NVP

Legendary member
37,622 2,032
Nothing new, right, although there is something new, this is the first time these kinds of discussions did not cause me any emotional distress. I've always felt that the originator of a system thread probably knows more than me, and if there was a large amount of dispute about his/her system even working, that i was lightyears away from trading profitably.

No - all they will usually have is a much bigger Ego than you........:LOL:

N
 

neil

Legendary member
5,167 747
No - all they will usually have is a much bigger Ego than you........:LOL:

N

Mr EGO is the guy to watch. If you can control him and accept that you can be wrong sometimes, and that it is no big deal to change your mind, then you are well on the way to being a good trader.
Good luck.:)
 

FringFX

Active member
244 6
Talking about ego, lol.... I remember years ago, trading and trying to always be right. this caused trading losses to pile up. It was hard to let go of a (bad) trade and accept a loss 'which equated to being wrong' ;)
in the trading world, it pays to be right... and accept mistakes ;)
 

barjon

Legendary member
10,676 1,797
I think it's quite difficult to change your psychological make up, but it is possible to mould your trading style to suit it and it's easier too.

For example, I just can't get rid of a deep rooted hatred of giving money back, it makes me extraordinarily uncomfortable, angry, full of emotion etc. Try as I have I can't change it. So I limit exit to target. Yes, it's irritating when price goes marching on, but that doesn't fill me with the same strength of emotion and is far easier for me to live with.

Other people may be the other way round, but I think being comfortable with what you are doing is crucially important.
 

NVP

Legendary member
37,622 2,032
the other important thing to realise about trading is many many people are just not cut out to do it ......but the only way you discover that is by trying it

theres no failure in walking away and going another direction .....

N
 

neil

Legendary member
5,167 747
I think it's quite difficult to change your psychological make up, but it is possible to mould your trading style to suit it and it's easier too.

For example, I just can't get rid of a deep rooted hatred of giving money back, it makes me extraordinarily uncomfortable, angry, full of emotion etc. Try as I have I can't change it. So I limit exit to target. Yes, it's irritating when price goes marching on, but that doesn't fill me with the same strength of emotion and is far easier for me to live with.

Other people may be the other way round, but I think being comfortable with what you are doing is crucially important.

There are those who wait for a set up and grab ten pips or points for the day and finish, or suffer two losers and stop for the day. Still requires discipline though and mental stamina to fight off the (just one more trade and I might get my losses back) demons.
 
 
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