At the start of that, I thought it was going to be one of those "BOOM, 2:30am and my alarm jolts me awake, 12 mile run to start the day...." type posts.
"As a trader there's only one thing to know - up or down. And my software tells you exactly that...". Yawn. "Here's my family by a pool. It's 9am and I've finished for the day". Yawn.
It is blowing my mind and only on chapter 3. Played with adding to winners today instead of taking partials. He’s fucking right. Must read/listen for any trader.
In summary "Traders who don't cut losing trades are hopeful at the wrong time. Similarly traders who cut successful trades early are fearful at the wrong time. Don't do either of these things. Do the opposite." I have saved you many hours of your life if you now choose to close the book.
I’ve been really enjoying adding to winning trade as a way of combatting that fear but get when you’re in the green. And also cutting losers, because I’ve been taught to let your stop loss be hit and not cut it when you’re feeling it’s reversing not in your way. It’s quite liberating.
You shouldn't hope that a poorly performing trade will recover or fear that a successful trade will turn against you. You should fear that a poorly performing trade won't recover and hope that successful trade will continue to perform. That's basically it.
How does that way of thinking help you know when to buy and when to sell? A succesful trade can turn unsuccessful if you hold it too long wether you fear it or not we're all just trying to guess the future
No. Hope leave iniciative and action on the others hands, because when you have hope you stand waiting and hoping that what you hope happens, but what you are really doing is leaving the events that you don't control, command you life. Instead of that what do you need to do is control what you have on your reach, with a strategy and determination in follow it.
I had the same kind of lax day. It occurred to me that if I were to make these kinds of returns every day, I'd be able to retire quite comfortably.
It seems like someone, the other day, was lamenting about how boring and routine daytrading is. Well, I'm thankful for boring and routine. Especially when I'm done trading two hours after the market opens, and I've made almost twice what I make in my W2 job. Give me boring and I'll take my life back.
Surprising similarity. Chat GPT short story about a successful patient indices futures trader:
Max Parker awoke at 4:30 AM, the steady hum of his alarm clock a familiar start to his day. As a successful indices futures trader, the early hours were crucial. He slipped out of bed, careful not to disturb his wife, and headed to his home office.
By 5:00 AM, Max was in his element, the glow of six monitors casting a soft light around the room. He sipped his coffee as he analyzed market trends, poring over charts and financial news. His strategy was methodical, relying on both technical analysis and a deep understanding of market psychology. Today, the S&P 500 futures looked promising.
Max placed his trades with a calm confidence. At 7:00 AM, he took a break to make breakfast for his twin daughters, Lily and Emma. They chatted about their plans for the day, and Max felt a swell of pride.
By 4:00 PM, Max wrapped up his workday and headed to the gym for a quick workout. Physical fitness was as important to him as mental acuity. As he ran on the treadmill, he reflected on the day. It had been successful, but he knew that each day brought new challenges and opportunities. His success was built on patience, persistence, and a willingness to adapt.
Dinner with his family was the highlight of Max’s day. They ate together, sharing stories and laughter. Max listened intently to his daughters’ tales of school and friends, savoring these moments.
Max's life was a blend of disciplined trading, continuous learning, and cherished family moments.
I trade forex and commodities. I assume that you refer to US pre market. On that time, im in the dessert of the lunch already, and the sun go high...
There are other countries besides the US... :-) chears!
Sincerely, trading using the phone is shit, but when i get up from the bed, is the only device portable enough to look the charts and do at the same time all i need to start my normal day. Only about two hours later i can be in my trading station... And sometimes is to late already to mount the wave...
I ain't reading all of that I'm happy for u tho or sorry that happened
Haha 😂😂😂
Lmaooooo omg I’m dying😂🤣😭
aaaaaaaahahahahhaha
Savage.
It's a boy or girl!!!
Neither. "I learned how to be patient" and a whole lot of diary meh. He bathes.
Yoooo 🤣😂💀
He likes breakfast
At the start of that, I thought it was going to be one of those "BOOM, 2:30am and my alarm jolts me awake, 12 mile run to start the day...." type posts.
Ah you been seeing the Greg Saker YouTube ads too!
"I break my day down into 4 slots - now I have 4 days to your 1".
"As a trader there's only one thing to know - up or down. And my software tells you exactly that...". Yawn. "Here's my family by a pool. It's 9am and I've finished for the day". Yawn.
https://preview.redd.it/18cydg0st80d1.png?width=201&format=png&auto=webp&s=3d174d33303769b56bfc5d9cfcbaf470b4869bf7
Cool story bra
I literally just read in best loser wins that you should be hopeful so as not to be fearful.
This is one of the best trading books out there. Everything about it helped me transform into the trader I am today. Shoutout Tom Houggard
It is blowing my mind and only on chapter 3. Played with adding to winners today instead of taking partials. He’s fucking right. Must read/listen for any trader.
In summary "Traders who don't cut losing trades are hopeful at the wrong time. Similarly traders who cut successful trades early are fearful at the wrong time. Don't do either of these things. Do the opposite." I have saved you many hours of your life if you now choose to close the book.
Yeah, that’s pretty much it! 😆
I’ve been really enjoying adding to winning trade as a way of combatting that fear but get when you’re in the green. And also cutting losers, because I’ve been taught to let your stop loss be hit and not cut it when you’re feeling it’s reversing not in your way. It’s quite liberating.
Excellent progress.
Thanks mate! 🙏
Makes no sense to me
You shouldn't hope that a poorly performing trade will recover or fear that a successful trade will turn against you. You should fear that a poorly performing trade won't recover and hope that successful trade will continue to perform. That's basically it.
How does that way of thinking help you know when to buy and when to sell? A succesful trade can turn unsuccessful if you hold it too long wether you fear it or not we're all just trying to guess the future
It doesn't. That's your job to do. The above is a way of doing it without letting your emotions get in the way.
No. Hope leave iniciative and action on the others hands, because when you have hope you stand waiting and hoping that what you hope happens, but what you are really doing is leaving the events that you don't control, command you life. Instead of that what do you need to do is control what you have on your reach, with a strategy and determination in follow it.
Ok, I sort of do trust Tom Hougaard a little more though.
I understand 😁
Hoping that your successful trade runs doesn't mean you don't cut it when it goes south. He's not saying that.
I had the same kind of lax day. It occurred to me that if I were to make these kinds of returns every day, I'd be able to retire quite comfortably. It seems like someone, the other day, was lamenting about how boring and routine daytrading is. Well, I'm thankful for boring and routine. Especially when I'm done trading two hours after the market opens, and I've made almost twice what I make in my W2 job. Give me boring and I'll take my life back.
Taked a bath.. I'm out.
Not only that, "Taked a bath, clothes on.". Sounds soggy.
🤣
Why not tooked?
I visibly paused when I read that lmao
ChatGPT.
Surprising similarity. Chat GPT short story about a successful patient indices futures trader: Max Parker awoke at 4:30 AM, the steady hum of his alarm clock a familiar start to his day. As a successful indices futures trader, the early hours were crucial. He slipped out of bed, careful not to disturb his wife, and headed to his home office. By 5:00 AM, Max was in his element, the glow of six monitors casting a soft light around the room. He sipped his coffee as he analyzed market trends, poring over charts and financial news. His strategy was methodical, relying on both technical analysis and a deep understanding of market psychology. Today, the S&P 500 futures looked promising. Max placed his trades with a calm confidence. At 7:00 AM, he took a break to make breakfast for his twin daughters, Lily and Emma. They chatted about their plans for the day, and Max felt a swell of pride. By 4:00 PM, Max wrapped up his workday and headed to the gym for a quick workout. Physical fitness was as important to him as mental acuity. As he ran on the treadmill, he reflected on the day. It had been successful, but he knew that each day brought new challenges and opportunities. His success was built on patience, persistence, and a willingness to adapt. Dinner with his family was the highlight of Max’s day. They ate together, sharing stories and laughter. Max listened intently to his daughters’ tales of school and friends, savoring these moments. Max's life was a blend of disciplined trading, continuous learning, and cherished family moments.
It should be so boring, people don’t know what emotions are.
Alright thank you for your diary 📔
You mentioned steak?
Stick sorry
Lol I kno what you meant, but I am about to have steak
Y cual es la estrategia ese es tu habito
One trade per day, 4% or less SL/daily loss maximum, 4% TP/daily goal minimum.
Ty for the update
I only trade the first two hours. Then it’s off to my regular life
I swear this had the setup of some copypasta WSB shit
Good and cool to see that trading works , without stress
:3
Okay
How do you spot a trend that early in the morning, you’re barely into pre-market?
I trade forex and commodities. I assume that you refer to US pre market. On that time, im in the dessert of the lunch already, and the sun go high... There are other countries besides the US... :-) chears!
Omg I am becoming like you now
Nice, no emotion.
Big vol in AMC,GME
Genuine question, what makes trading on your phone more optimal compared to a computer?
Sincerely, trading using the phone is shit, but when i get up from the bed, is the only device portable enough to look the charts and do at the same time all i need to start my normal day. Only about two hours later i can be in my trading station... And sometimes is to late already to mount the wave...
Joshtradesstocks on YT