Check your beliefs to improve your trading .

DSM

Well-Known Member
#11
'The Disciplined Trader' By Mark Douglas is a must read for traders who are open to learning and want to grow both in trading and in life.

For traders with rigid belief systems who will learn only from personal experience, this book will be useless.

Good trading and good luck to all.


Reason is nothing but our limited beliefs ....

I want to improve my mental state as a trader and as a human as well
 

oilman5

Well-Known Member
#13
So then, the question is:

Does the market fool us, or do we fool ourselves?
..............................................
normally less hr, of observation is reason. My personal view is about 10000hr watching price helps,
as per disciplinedtrader dot com, see the material.
also war concept/writing helps, van tharp test is also good.
 

rajsumi121

Well-Known Member
#14
At the moment, discretionary is not even a choice for me... so only Mechanical right now.
So you don't think discretionary system is good for you .. it means you don't have any effect in your trading with that belief -:) ..
 

rajsumi121

Well-Known Member
#15
So then, the question is:

Does the market fool us, or do we fool ourselves?
Now we come on this point .... in my view market & we both do that ... we have to overcome from both .... a good system can give you an edge over market ... but to follow a good system ..and also to find a good system ..you need to check ur beliefs . your attached values , your dis attached values .. your own definition on your beliefs .. I will write a detailed article later in this thread about attached n dis attached values .:clapping::).. then we will discuss on this point .:cool:
 

saakk

Well-Known Member
#16
So then, the question is:

Does the market fool us, or do we fool ourselves?
It is a function of market to move if it don't it will cease to exist , Setups are basically a place were counter trend traders are trap in and with trend traders are trap out, market fool traders so that it can get more ammunition to trend in its original direction.

Like: pullbacks in trending market and Support/resistance in sideways market.
 

rajsumi121

Well-Known Member
#17
It is a function of market to move if it don't it will cease to exist , Setups are basically a place were counter trend traders are trap in and with trend traders are trap out, market fool traders so that it can get more ammunition to trend in its original direction.

Like: pullbacks in trending market and Support/resistance in sideways market.
very true .... but we don't want to be or stay in wrong side with willingness .. not even a single time ... so we play counter trend .
 

rajsumi121

Well-Known Member
#18
More thoughts on beliefs -:

What you think why some trader earning huge money on daily basis ... why they are making great decisions , producing outstanding results , Is it because they have any magical system ?? .. Is it because they are more clever , Is it because they have superior resources ?? well ... A big No .. only because they have incredible belief system what makes them apart . That belief system gave them enough strength to fight on against every move of market .. against in every panic situation ....actually our beliefs determine what we expect from our selves ..... it means our belief define our expectations ...

suppose If any one believe that he/she can become multi millionaire by doing trading .... then that is what he/she will expect from themselves ..... because at the same time our beliefs drives our actions we take .... when we think something is possible ..we get out and try to achieve that ... but when we thought it can not be done ... we never take action ... we never try hard ... we never give our 100% ... because its already in our mind that it can not be done .. so we always take half hearted actions ... & in that situation we easily give up when we hit a little problem ....

We always think in this trading journal that no one can earn ... or very few can earn ...who are lucky ...or who having great wealth to control market ...or market is for big players only .... but it's not true .. ... but with these kind of beliefs we stop our selves to perform with our true potential ...

For more clarity the cycle goes like this -- beliefs ---- expectations -- action/effort--- potential----- results

So we have to work on our limited beliefs ... what are stopping us ..happy trading :):) ..and have a great & profitable day ahead .:clapping::clapping:
 

DSM

Well-Known Member
#20
Just great!! Saving this quote.

It is a function of market to move if it don't it will cease to exist , Setups are basically a place were counter trend traders are trap in and with trend traders are trap out, market fool traders so that it can get more ammunition to trend in its original direction.

Like: pullbacks in trending market and Support/resistance in sideways market.
 

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