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Mrs_Wizefool
Mrs_Wizefool Oct 25, 17 10:21 AM

@SFKrystal I feel your pain. haha!

Mrs_Wizefool
1
Mrs_Wizefool Oct 25, 17 10:22 AM

@Kody I'm really liking it. I feel like it is what I need to hear at this stage in my path.

0SethMcClain89
1
0SethMcClain89 Oct 25, 17 10:33 PM

Honestly the trick is to sticking to your plan. Is to calculate your min and max potential loss and be ok with it. Before placing the trade. If your not ok, just size down before entering

Mrs_Wizefool
Mrs_Wizefool Oct 26, 17 11:31 AM

@0SethMcClain89 That is the area I have a hard time with...when I see something moving I'm just not quick enough to do that. But, I'm trying to work on that.

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TimeFliesBuy
1
TimeFliesBuy Sep 01, 17 6:02 PM

I think many of us have defiitely been in similar situations, let me try to read my own thoughts. 1. Was Michael Goode right in the begining? 2. When does the market finally become sane again 3. You know that short position is going to kill you over this 3 day weekend right? 4. how do I go from consistent profits to the crappy losses I've had since F'in June? 5. Does Tim care more about schools in 3rd world countries than his own community on Profit.ly? 6. My inability to cut losses seems simila

TimeFliesBuy
TimeFliesBuy Sep 01, 17 6:03 PM

6. My inability to cut losses seems similar to not being abil to walk away from an argument or fight, why do I not have the ability to just walk away?

smillie327
1
smillie327 Sep 04, 17 2:19 AM

1. Maybe 2. When the world becomes sane again 3. Yes, don't do it 4. The market is difficult & choppy...reviewing Ross Cameron/Warrior Traders helps me with market issues...a momentum trader recaps daily on youtube 5. It seems that way, huh? 6. Hold & Hope goes too far, and we have to stop it, hardest thing to do. Good luck!

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TimeFliesBuy
2
TimeFliesBuy Sep 01, 17 6:07 PM

Can I add, for me at least, it also feels like my wins have tricked me, it's like I think ok I have this down, and then poof Im wrong. Adapting in a month like this has been a very quick process, almost like a 3 dayturnaround depending on what the setup was.

crzyNDhed
1
crzyNDhed Sep 02, 17 1:03 PM

Along with getting overconfident with a couple of winning trades, I also forgot about hindsight bias. It is too easy to have a hypothesis on a stock and remember the times you were right and forget when you were wrong. This may have convinced me to take a couple of misguided trades on stocks that were not on my watch list. Thanks for the comment and good success to you!

smillie327
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smillie327 Sep 04, 17 2:22 AM

The book Trading in the Zone is excellent guide on alot of what you are pondering lately!

crzyNDhed
crzyNDhed Sep 04, 17 12:21 PM

I have that on my list so maybe I will read it next. I am currently listening to Trading For A Living and reading A Complete Guide to Volume Price Analysis. According to Anna Coulling once you understand VPA, psychology will no longer be an issue. We will see. Thank you!

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TimeFliesBuy

Well, I finally did it! I have officially watched all the Pennystocking Silver Video Lessons, I started on December 23rd 2016, and finished today August 26th 2017. I will continue viewing them based on whats going on in the market or just whatever I need to do to always improve. I saw Trader Checklist posted in between some video lessons so I will go over them as well, I plan on taking good notes for each Part. #StillPushing

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TimeFliesBuy
3
TimeFliesBuy Sep 04, 17 2:56 AM

@smillie327 Many thanks and I see you pushing, don't let up and hit me up anytime even if just for confirmation or clarity or just for a high five once in awhile!

bank_a_tronic
3
bank_a_tronic Sep 07, 17 10:32 PM

@TimeFliesBuy Hey I hear ya for sure. My trading has been reakly slow- its a hunble pie diet for sure but hey sometimes life happens.

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Jonk87
Jonk87 Feb 11, 17 11:48 AM

@smillie327 thanks - it's very basic but a good start - more learning exercise for me so I wanted to put it down. I'm definitely moving over to shorting just need to top up my account a little more and move over to IB. Traders like Arick and Tim S do prove there's money on the upside too - it's just preference.

Jonk87
Jonk87 Feb 11, 17 11:48 AM

@robotcat2 small start I just started looking into it really these last few days. I'll keep at it. Cheers.

smillie327
smillie327 Feb 11, 17 12:45 PM

How to Make Millions wud get U further than SEC and is not as tedious if U havent seen it yet

Jonk87
Jonk87 Feb 12, 17 12:37 PM

@smillie327 I know it :-) I've seen most of the DVDs that's why I'm choosing SEC haha

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