Help 4 Struggling Trader

#1
Hi,

I am looking for some advice from some more experienced trader to improve on my trading system/rules. I have removed a lot of indicators from my system and I am designing my own based on the past 9 months experience in learning and experimenting.

Please review and add or take away what you feel may benefit my system.

Please see attachment .doc
 

Sunny1

Well-Known Member
#2
Ohh mY....you do all this.

earlier I used think in that way.....but never went beyond that....left that thinking...

Here is what I do....before beginning ....I ensure my mind calm enough....just concentrate on your mind for few min and you will know....I do this in very silence...

I ensure that I dont see any news or anything just calm and quite ... and then slowly begin to think about trading.
Of course if news important to you ....you can begin by slowly and silently going thru news......remember only to pay attention to important news only ....nothing else...
also during trading keep away from other traders and their views...it will affect your own trading.

Experience and silence and then starting is very useful....you wont require outside motivational videos or reading or anything else.....I am against all these outside motivational things.....they tend fend away and require again....while inside motivation will remain with you forever....

cant comment on system as it is personal chioce.
I look at behavior before begin...so i can see which way I will be trading....no news and no views nothing..behavior and trend is all I watch..

In the end all I can say is....see what helps you and keep ...rest of thing discard which does not help...

All The Best And Good Luck
 

4xpipcounter

Well-Known Member
#3
Pipsaholic, are you serious!?!?

I'm a 100% TA person, and I love analyzing the markets, and viewing my charts. I got to admit. Many think I fell out of the looney bin, because I track 28 pairs for my trading pleasure, and any other markets someone requests me to. After staring at charts for 7 1/2 years I tend to spot things on a fly and takes me next to no time at all to look at a chart and make a trading decision.
After I read your doc I am thinking, "Whoa!!" If you are actually analyzing all that stuff on 5 different time frames for x amount of markets, I don't know how you have time to sleep.

Motivational videos?!?!? If you need a complete stranger to pump you up and get you motivated for the day, I'm seriously wondering how you are going to do in your trading over the long haul. Do you really want to know who my all-time favorite motivator is? (Hehe, most people know what my answer is.). It is Me (Yes, that is with a capital letter.) AMAF, I really look at it no more than waking up, walking to my home office, turning on the computer, and viewing my charts.

Look, I had a little fun with this. Honestly, though, I know of no one that follows those rules to a T. After 7 1/2 years, if I said I never move my stops or TP's, I'd be lying. The last thing I'm going to do is sit down and have a stranger try and motivate me. But.... if what you are doing has made you a proven winner these last 9 months, then keep doing it. If you are still struggling with your trading, then read what Sunny wrote. It was a figure of speech when I said I wake up, walk down the hallway to my home office, then turn the computer on. I have my quiet time before I make it to the computer every single day....without fail.

BTW, me and Sunny did not collaborate together, but I could not agree with him more when it comes to mentally preparing yourself.

Pips (There are some that call me that too. We might be twins--lol.), keep posting. There are many in this forum that will lend their objective views and support.
 

NTrader42

Well-Known Member
#4
during trading keep away from other traders and their views...it will affect your own trading.
Yes it does. Maybe its got to do with lack of confidence and a need for confirmation, but yes the other persons view definitely clouds my views.

A good point to add to my rules, keep away from others views

@ Pipsaholic, that is a nice detailed process you have documented.

Thanks
 

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