like me ! cheers ! :-bdDave from Sydney's Journal [Awarded Title: the Box-Trader]
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Michal
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Re: Dave from Sydney's Journal
Thank you Dave your work is really apreciated by beginners like me ! cheers ! :-bd
like me ! cheers ! :-bdAll I need is Aims. Just love it !
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Dave
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Re: Dave from Sydney's Journal
I really do like it when I think about trading all weekend and then get a good start to the week 
Cya tomorrow!
Cya tomorrow!
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Now, I choose to make a profit in trading.
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immy
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Re: Dave from Sydney's Journal
I'm so glad to see this picture... well done mate... bloody good... \m/Dave wrote:I really do like it when I think about trading all weekend and then get a good start to the week
Cya tomorrow!
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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Dave
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wiseambitions
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Re: Dave from Sydney's Journal
Dave wrote:
I love the story about laying the bricks. let us add each one with similar thought and care
I don't know what the analogy is for rent trades? Unfortunately we have to lay the same bricks again sometimes, before the wall is completed, and we mustn't get dis heartened
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
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immy
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Re: Dave from Sydney's Journal
wiseambitions wrote:Dave wrote:
I love the story about laying the bricks. let us add each one with similar thought and care
I don't know what the analogy is for rent trades? Unfortunately we have to lay the same bricks again sometimes, before the wall is completed, and we mustn't get dis heartened
We are the Brick Laying Masons (some of us may be even Free haha) laying bricks one by one, be it a good brick or a bad one, we lay it straight... We know that all we have to do is make sure everything is in perfect symmetry and leveled. The rest will take care of itself. We are the Free
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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Dave
- AIMSter
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Re: Dave from Sydney's Journal
Hi everyone, nothing but a small rent on EU at FO for me yesterday, and I'm sure I wasn't the only one that paid a fee at the same time! Nice M1/M5 setup long that just didn't carry through.
Anyway, on another note, I feel as though I've reached a point in my trading journey where greatest progress from here will be made by focusing some attention on developing my mind and the psychology that being a consistently successful trader demands. It’s one thing to say I know what needs to be done, but it’s another thing to ingrain that knowledge as part of my fundamental and subliminal belief system.
I’ve been able to identify my “danger time” for brash or impulsive trades as the few minutes immediately following a rent, and I combat this successfully with a pen and paper on my desk.... whenever I have a rent I write a few lines about the importance of patience and discipline and how a consistently applied methodology will produce results in the long run etc. etc., and this staves off any short term impulsivity.
What I am looking for though are some techniques or methods for really solidifying some solid belief systems. It’s one thing to be able to constantly beat off impulsivity with a big stick, but it’s another to ward it off for good. So if anyone has any suggestions for tried and true ways of truly ingraining the required patience and discipline then I’d be very appreciative of your input. There's a great MP3 for visualisation available here http://www.itradeaims.net/forum/viewtop ... grow#p1547 but it's not possible (or productive) or use this more than once or so per week, but anything along these lines would be great!
Thanks in advance! :-bd
Anyway, on another note, I feel as though I've reached a point in my trading journey where greatest progress from here will be made by focusing some attention on developing my mind and the psychology that being a consistently successful trader demands. It’s one thing to say I know what needs to be done, but it’s another thing to ingrain that knowledge as part of my fundamental and subliminal belief system.
I’ve been able to identify my “danger time” for brash or impulsive trades as the few minutes immediately following a rent, and I combat this successfully with a pen and paper on my desk.... whenever I have a rent I write a few lines about the importance of patience and discipline and how a consistently applied methodology will produce results in the long run etc. etc., and this staves off any short term impulsivity.
What I am looking for though are some techniques or methods for really solidifying some solid belief systems. It’s one thing to be able to constantly beat off impulsivity with a big stick, but it’s another to ward it off for good. So if anyone has any suggestions for tried and true ways of truly ingraining the required patience and discipline then I’d be very appreciative of your input. There's a great MP3 for visualisation available here http://www.itradeaims.net/forum/viewtop ... grow#p1547 but it's not possible (or productive) or use this more than once or so per week, but anything along these lines would be great!
Thanks in advance! :-bd
Now, I choose to make a profit in trading.
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Darren
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Re: Dave from Sydney's Journal
Good post Dave and I think that virtually all of us suffer from this problem at some point during our trading career. I have certainly taken 'revenge trades' in the past that have lost only to see that if I had stuck to the system it would have been a profitable day!
I don't have any special techniques but I do try to visualise some nice looking charts, I even have some printed out. I also say to myself that I have to pay rent sometimes otherwise I wouldn't ever take a trade and be in a winning position!
I would also be interested in what others have to say about this! :-bd
I don't have any special techniques but I do try to visualise some nice looking charts, I even have some printed out. I also say to myself that I have to pay rent sometimes otherwise I wouldn't ever take a trade and be in a winning position!
I would also be interested in what others have to say about this! :-bd
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Dave
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Re: Dave from Sydney's Journal
These trades help with the focus! Just have to keep reminding ourselves that our rent will NEVER wipe out one of these. Who knows, this might even end up printed out and in Darren's drawer (rofl)
Left a little bit on the table but happy to finish a short week with a positive result.
Left a little bit on the table but happy to finish a short week with a positive result.
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Now, I choose to make a profit in trading.
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Darren
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