Trading as we see it...

[Leonthefixer]

I agree with what MF just said - but also to add that even once you have your edge you can lose that positive mind set. Then believe you have lost your edge when in fact you haven't, what you have lost is your positive mindset.

I had that happen to me about 2 years ago - it wasn't fun but I look back on it now and have learnt from that experience that helps stop me slipping back into it when things aren't going well.

[1/4 of a millionaire fund]

clearly if you see the market like a battle or a fight as in the second example your probably best withdrawing your bank and spending it on something nice while you learn how to change your view/attitude.

Good luck all

That positive attitude usually comes once you realise you have an edge to beat the markets consistently not the other way round, imo. I'd imagine even most of the full timers have seen it as a battle in our early days, only difference is may be we had the belief we'd win the war.

I'd agree you need to be positive to win at this game but it's got to be based on something solid to begin with , finding your niche or edge is the first battle to win.

[neeeel]

Yes, Im sure if I could tweak my mental state then I could go on to be a successful trader. I just dont know how lol. It must only be a small step as I am profitable, just very small profits :S.
Anyway, ive given up for now.
Hope you get to where you want.

[Caan Berry]

I like the sailing metaphor, it fits pretty well, the market is a powerful thing and it can eat you up, but if you can learn how to harness the power then you can go places. Although I dont see trading as a fight, it did feel a bit like that for me at times, and I never learned to harness the forces, or work with them.

I did think of yourself when going through this at one point mate just because of your blog name... you dont see it like that now so have progressed... just not feeling posative could be part of it, even if your not feeling negative a such?? you understand the markets from what i've heard you say in the past.. maybe its just a bit of mentality that needs tweaking?? i know a few big losses certainly have sent me back a huge amount.... like it says in trading in the zone... untill a boy is bitten by a dog he is not scared of it...

[neeeel]

I like the sailing metaphor, it fits pretty well, the market is a powerful thing and it can eat you up, but if you can learn how to harness the power then you can go places. Although I dont see trading as a fight, it did feel a bit like that for me at times, and I never learned to harness the forces, or work with them.

[Caan Berry]

Hi all,

A few good responses.. shame there wasnt a few more, the reason i asked was after alot of reading lately and work on my own mental state of mind when trading i've come to realise the association metaphors, questions and projections of ourselves mentally are a good way of measuring where we are aswell as changing our perseption of things. This was more to reinforce my findings aswell as feeding my curiosity... mental states seem to come down to a few things mainly although there are probably hundreds of vairiables. Perseption, Posativity/Negativity, Accepting responsibility and generally being openminded... are the main ones in my opinion.

As expected the full time traders perseptions were as i expected... lost you yet?? to make it easier here are two examples;

Consistently successful trader's metaphor;

Trading is like sailing. You harness the forces that are there. You take into account the wind direction and velocity, the currents, and your destination. You've got your charts to guide you and you constantly adjust to nature's forces, sometimes pointing into the wind, sometimes running before the wind, sometimes tacking, but always in partnership with your boat, your crew, the wind, and the currents. Sure, storms can come up, but you can always let down the sail and anchor and wait out the storm. You work with the forces that are there, the forces that are much bigger than you, but you enjoy the journey, the day, the sport, and you're confident you can get to your destination, your port, your safe harbor.

Unconsistent/loosing traders metaphor;

Trading is like going to do battle. You charge forward brandishing everything you have, when you get knocked down you sheild yourself before picking yourself back up and finding the courage to fight back even harder. When you defeat an opponent you go rushing onto the next still pumped with adrenaline......

I think you get the point... clearly if you see the market like a battle or a fight as in the second example your probably best withdrawing your bank and spending it on something nice while you learn how to change your view/attitude.

Good luck all

[Caan Berry]

Here is one for you:

Trading is like the future, full of endless possibilities but it is down to you alone to grab each opportunity and make the most from it. No one else can do it for you and you alone are responsible for both the good and the bad no matter how much you try and blame it on others.

Absolutely what i expected from yourself leon.. spot on

[Leonthefixer]

Here is one for you:

Trading is like the future, full of endless possibilities but it is down to you alone to grab each opportunity and make the most from it. No one else can do it for you and you alone are responsible for both the good and the bad no matter how much you try and blame it on others.

[thebarron]

trading is six of one, and half dozen of the other ?
or is it half of one, and six dozen of the other ?

(just because your'e not paranoid, doesn't mean there not all out to get you)

[PesceLesso]

Another Metaphore

PART II

[PesceLesso]

Another Metaphore

PART I

[1/4 of a millionaire fund]

A question, if I miraculously started winning big now would my 10's of thousands of previous losses be taken into account for future PC calculations ?

Yes everythings based on the lifetime of your account, so you'd need to at least get in profit of at least 4 times whatever you've paid in comms before you'd start paying.

[Caan Berry]

:Brilliant

[jibiko]

[Caan Berry]

I think I have donated your premium charge over the past few years, long way back for me from a bank of about €200, but trading is the only way. I'm going to compund until my stakes are huge.

A question, if I miraculously started winning big now would my 10's of thousands of previous losses be taken into account for future PC calculations ?

Yes. a metaphor from you maybe PC ? anyone in fact