Your Own Worst Enemy

Joe Ross

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Do you ever wonder if you secretly want to fail? It's hard to believe, but some people do want to fail. They may not want to do better than their parents, and secretly they set themselves up for failure. Others fear success. They associate success with added responsibility and they want to avoid responsibility at all costs. But if you're like most people, you want to succeed. For whatever reason however, you find you make trading mistakes that result in losses. There are times when you are your own worst enemy.

There are a number of ways that you may be your own worst enemy, but here are some common ones.

Many novice traders risk money they can't afford to lose, and understandably, feel on edge as they execute and monitor a trade. You can't concentrate very easily when you are agitated. In order to trade calmly and rationally, it is vital to trade only with money you can afford to lose. In addition, it is important to manage risk, so that you minimize the amount you can lose on any single trade. If you truly have nothing to fear by losing, you'll feel more relaxed. You will trade effortlessly and you won't make as many trading errors.

Don't miss sleep. When you're tired it's hard to concentrate. When you are worn out or tired, you are understandably ready to lash out or feel extreme frustration, even when you face a minor setback. Concentration requires energy, and you don't have adequate energy to trade when you are tired. So get the sleep you need to stay alert and ready for action.

Don't trade by the seat of your pants. Many novice traders don't map out their trades in enough detail. They don't decide beforehand where to enter or where to exit. When they actually try to execute the trade, they find it difficult to stick with their trading plan because it is unclear and difficult to follow. They don't know exactly what to do and when. And so they panic at critical moments of investing. Carefully outlining a plan and following it will help you avoid costly trading errors.

Trading is hard enough. You don't need to sabotage your own efforts. By trading with money you can afford to lose, staying calm and rested, and by following a well-defined trading plan you can stay at the top of your game and take home profits.
 
Listen motherf***er. You're not your worst enemy. I am.

I have had it up to my f***in' balls with your sh1t. I'm gettin' on a plane.
 
Joe, is there any truth to the rumour, just started by me, that you are currently on bail having been arrested for persistent indecent exposure?
 
Do you ever wonder if you secretly want to fail?


Ten words, your first ten words. How many words did you post after?

You need a night out. Meet up with the boys, meet some of the women, be a little bit naughty.

F*ck the Schneider mongs, get out with the t2w boys.

Life is for living, Joe.
 
Do you ever wonder if you secretly want to fail? It's hard to believe, but some people do want to fail. They may not want to do better than their parents, and secretly they set themselves up for failure.

Did u take the idea from Frasier crane's "chess pains" ? :D
 
Do you ever wonder if you secretly want to flail?

Like this Joe?

kermit-flail.gif


What has this got to do with trading? Really Joe, you're just clutching at straws now.
 
Do you ever wonder if you secretly want to fail? It's hard to believe, but some people do want to fail. They may not want to do better than their parents, and secretly they set themselves up for failure. Others fear success. They associate success with added responsibility and they want to avoid responsibility at all costs. But if you're like most people, you want to succeed. For whatever reason however, you find you make trading mistakes that result in losses. There are times when you are your own worst enemy.


Joe Ross, i appreciate the advertiser's saying of "there's no such thing as bad publicity", but for pity's sake, surely these threads can't give your books or reputation any credence?! Why should aspiring traders trust or puchase anything from anyone this stupid to keep flogging the same dead horse over and over again on t2w!

If Joe Ross' receptionist is reading this, please put the above to him. It's my belief he needs to cut his losses here.
 
Jealous people always seek to offend the person who does something right. I really don't get it. Why are you all against Joe Ross? Have you read at least one of his books? Have you attended his seminar? If not, then how can you judge this generous man? He gives clear advice to the novice as well as advanced traders. But unfortunetly his lessons won't be understood be illiterates...
 
Jealous people always seek to offend the person who does something right. I really don't get it. Why are you all against Joe Ross? Have you read at least one of his books? Have you attended his seminar? If not, then how can you judge this generous man? He gives clear advice to the novice as well as advanced traders. But unfortunetly his lessons won't be understood be illiterates...

generous?

DO YOU WANT TO LEARN FROM MASTER TRADER JOE ROSS?

We hope you do because we know this seminar will forever change your understanding of the markets and be a life-changing experience for you. And to make it easier for you, we are going to offer Joe's regularly priced U.S. $3,000 live day trading seminar for only U.S. $2,500 if you register by August 15, 2011. The seminar tuition includes Joe's live presentation over the Internet, Question and Answer time, and it includes a downloadble, printable PDF file, which includes all the slides you will view during the seminar. You will receive the downloadable file prior to the start of the seminar, so you can print it out and take notes as the seminar progresses.

i'm pretty much illiterate AND a first class dunce, so much so that the last sentence of yours reads ok to me:D
 
Jealous people always seek to offend the person who does something right. I really don't get it. Why are you all against Joe Ross? Have you read at least one of his books? Have you attended his seminar? If not, then how can you judge this generous man? He gives clear advice to the novice as well as advanced traders. But unfortunetly his lessons won't be understood be illiterates...
You're missing the point Robert. There's nothing to get. A few paras of vague generalisations, each and every time.

What I imagine rankles others as much as it does me is that he chooses not to participate. He just drops his pearls of wisdom and saunters off again like he’s done us all a big favour, completely oblivious to the fact what he's saying is not only dog turd basic, but is covered to death, frequently, by other lightweights who flutter in and then out again when they realise we recognise re-hash when we see it.

There is enough noise on this site and precious little signal, so you’ll have to excuse us for not being tremendously impressed with Joe.

As for his accomplishments, books, seminars, baseball cap endorsements; I frequently use the Ross Hook which I tie myself and with which I bagged a lovely brace of rainbow trout just the other day.

As for your final sentence regarding all us illiterates… ‘unfortunetly’ is more usually spelt unfortunately and the ‘be’ should be ‘by’.

Good trading.
 
Thanks for correcting my spelling mistakes TheBramble ;-). I just wonder why there is so much anxiety about each thread which Ross is posting. I agree that it would be better for him if he took part in the discussion. But, even though basic, his articles present the things we, as traders, should focus on constantly. I am much more fond of this kind of knowledge than some new fancy "holy grail indicator". I believe his activity gives some value to this forum. That's my personal view.

Trade well.
 
I don't see why everyone is anti-Joe Ross. He's well suited to Vendors2Win, just like the rest of you.
 
I don't see why everyone is anti-Joe Ross. He's well suited to Vendors2Win, just like the rest of you.

I've seen Joe getting a well deserved kicking on a few forums recently. The consensus of opinion seams to be his lack of participation.

Poor Joe's in a bit of a catch 22 situation (no pun intended). If he fails to participate, it results in LULZ, even from the mods ! (y)

If he dares respond, it'll result in LULZ, his non existant public record will be raised, he'll be challenged to make calls etc (which he wont do because he probably doesnt even trade a demo account these days)

I almost feel sorry for him.
 
I know what you mean. Thing is, I tend to agree with some of the stuff he writes. It is at least thought-provoking.
 
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