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Showing content with the highest reputation on 08/03/2022 in Posts

  1. 2 points
    Chapter 4 W- There are many things that can scare you out of the market. Some you can see immediately and some that is in your subconscious that you don’t see till after the trade is done, like sleep deprivation, when your mind is somewhere else besides trading. These types of issues can land you in iffy trades. A- Paraphrasing: it is not good to get into a trade if you will end up fearing the consequences A- The first way that I’m going to try to apply this by recognizing that I’m sleepy or thinking about my other job. These have been, from what I can tell, my crux of why I get into trading something that makes me hold my breath. Also I need to stop feeling like my livelihood depends on a green trade.
  2. 1 point
    Chapter 4 what a fantastic read! These are from first part of the chapter W- Consistency is a state of mind that has at its core certain fundamental thinking strategies that are unique to trading. You can’t rely on the market to make you consistently successful anymore than you can rely on the outside world to make you happy. If you trade trying to get what you want from the market; your mental defense mechanisms kick in to compensate for the difference between what you want & what you’re not getting so you don’t experience emotional pain. Its all taking place inside your head. If there’s a struggle, it is you who are struggling. A - you have to have the proper mindset to be a consistent trader similar to having a positive/happy mindset to be a happy person. A - this really resonates with me as it is discussed in every juandra of mindset/psych… if you want money - you have to develop a money mindset. If you want a family/love; you need the mindset to be in the place to recognize, give and receive love. Become a consistent trader, a CEO, a happy person, a healthy/fit person, really anything - you have to develop the proper mindset for it. It all starts in the mind - you have to see it and the mind has to prepare to have it before it can actualize in your life. You have to believe you have it, believe you’re deserving & worthy of it for it to take root. Again - these things can be read across the board for developing mindset for whatever you want in life. A happy person doesn’t achieve happiness from a mindset of despair… a truly, soulfully, joyful person will be happy no matter their circumstances. Their happiness isn’t dependent on places/things/people - true happiness & joy is a deeper thing. If you make being consistently profitable, being healthy, being XYZ a deeper thing and only think thoughts aligned with this & those thoughts become your beliefs - this will become your reality - it has to… it’s your story so write in your mind as you want it to be. The last 2 sentences remind me of being in a zen state. Stop going in each day to trading from a place of want & with expectations … we all want money - ok, but we can’t show up that way/in that state of mind. Show up calm and open to whatever opportunities the market has for you today. If it isn’t much; then it isn’t much. If it’s a ton of opportunities - cool. Be steady & in control of your emotions & thoughts. Imagine dating someone (man or woman whatever fits for you); imagine the man comes around always wanting XYZ or the woman seems constantly money hungry - super turn offs… they seem desperate for what they want and aren’t even thinking right or able to have a good conversation because they’re so focused on getting what they want from you. Now imagine a person that you go out with that has zero agenda - they come with a good attitude and ready to move in or out based on how things go… be the 2nd person when you come to trading; not the greedy, desperate gold digger. Lol. This is a mind game and whatever is or isn’t happening that day is happening to you and in your head. You’re entering and creating any tension you feel. You’re responsible for the drama. Leave the drama for good TV☺️ Enjoy your weekend. I found the 2nd half of this chapter equally captivating and time permitting will type more sentences to share that I loved☺️☺️
  3. 1 point
    My goal is to show all my trades using common strategies like ORB, double and triple bottoms, ABCD, etc. The daily goal is 2R. Trading hours 9:30 to 10:30 am approximately
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