Leland

Hi everyone, I'll try to keep this as brief as possible; my name is Leland and I'm a member from a few years ago and have decided to re-start my trading career. I was first exposed to the market in 2013 and naively made some cash buying stock and, at the time didn't know I was gambling. PLUG made a run up one night in 2014, as I was trading in Tokyo hours and I made close to $1k. Since then I've been off and on at various levels of seriousness, culminating in a $13k($10k principle and all gain) loss after going live for one month using DAS, about 2 and a half years ago. If I'm honest with myself about that and the time period since, I wasn't really a trader. I was trading on borrowed money, which is doomed to start. I've done some personal and financial work, gotten out of debt, and put some cash aside. There's much more to do. The psychology modules really have opened me up to the mental problems I've had with becoming a trader. For instance, when I joined BBT and went live, I would post the highest number I could in the chatroom and whatsapp, because of Narcissism and needing to feel important. I share Mike's sentiment of needing to be right, and would try to win EVERY trade and prove the market wrong. So here I am in North Carolina, a brand new scarred up trader in training. Haven't even bought the DAS sim yet, because I want to go back through all the modules a least a couple time before even starting that. I'm not great with online relationship but I hope to make some type of connections here, and add value as well instead of just taking from the community like I did before. Leland Watson

Hey everybody, I'm in Greenville, NC and wanted to check if anyone is in driving distance from Raleigh? Just putting out a test for March 7 or 8, it'd be nice to meet some real traders from the community and have a bite to eat. Leland

I'm can make that one! See you there.

All good points and thanks for the post Andrew! I think trading is at least 90/10 psychology to knowledge possibly more. So like the book Trading in the Zone says the mental structure necessary to do well in this business usually comes as a result of several painful losses of equity. So stopping at a profit target for the day would definitely be a key component of that. My take? Stopping trading once your target is his(for me its 1%), is as intelligent as stopping once the max loss is hit for the day (also 1%). Do I follow this? Not always. Fear/greed are two emotions that still affect me.