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Hahaaaaa!
1) Got mailbox filled with nice mails stating that trading IS easy and brings instantly a LOT of BUCKS
2) As I need not much money - there we go: Invest - trade - trade - broke the account
3) after many refilled accounts (you got it already) there are only two ways:
3a) QUIT: ahhh - there the 95% of all traders go
3b) Trade consistently profitable and stay in the game - these are the < 5% left
This is all hard work at any time.
If one thinks without learning and invest money into learning more than the basics there is no chance
to survive as a trader.
Expecting a learning curve of more than 2 years to reach that state of profitability. So it is very clear
that not many people will go this painful path of seeing their money draining...
GFIs1
Can you help answer these questions from other members on NexusFi?
In the spirit of our March Trading Journal contest, I am asking everyone to spend a few minutes and share their journaling experience.
A) What are the top five benefits you have seen as a result of regularly posting in this journal?
B) What are the top five problem areas you have identified as a result of regularly posting in this journal?
C) Were you initially reluctant to start this trading journal? If yes, why?
D) How do you feel, overall, about your journaling experience?
E) Would you recommend to others that they should also start a trading journal?
Thank you for taking the time to answer my questions. I appreciate your posts, and I hope you have benefited from your journal. I also know that others will benefit as well, just by reading about your own experiences.
In the spirit of our March Trading Journal contest, I am asking everyone to spend a few minutes and share their journaling experience.
A) What are the top five benefits you have seen as a result of regularly posting in this journal?
1--it helps to stay more intensively focused on each trade.
2--it hightens your interests in each trade....
3--it intensifies your awareness of each beginning setup of a trade.
4--it helps you to face the fact regardless of profitability.
5--it humbles you when you have to post your negative trades, however small.
B) What are the top five problem areas you have identified as a result of regularly posting in this journal?
1--it takes lots of minutes and preparation, particularly in my case, when i like to include pix of each trade taken, to clarify my subsequent self-evaluation of each trade.
2--it practically interferes each decision making to enter or not to enter a trade, when another product setup appears to show profitable setups, as well.
3--it takes even more time to categorize and to group each trade into its category.
4--it creates unnecessary self-doubt regarding if you've already maximized each trading opportunity, when posting regularly; when in actuality, it takes much more time to evaluate each trade and its conditions upon entering and also upon exiting a trade.
5--it would destroy some weaker traders' self-confidence and impending trade, if successive failures were recorded in succession. .
C) Were you initially reluctant to start this trading journal? If yes, why?
only certain concerns as to how much do i want to show other fellow traders, what and how do i manage setups, trade management and follow-up.
D) How do you feel, overall, about your journaling experience?
it is more suitable for beginning traders to keep track of each of their trades and write down reasons for each trade to sharpen their senses and awareness of why each trigger is pulled, than those already trading for a living who are so very used to pulling the trigger almost as a second nature, so to speak. besides, brokers' daily report would also already provide each trading particular in detail, in addition to traders' own on-screen dom and such.
E) Would you recommend to others that they should also start a trading journal?
see response in d which is more appropriate for beginning traders and perhaps many in between. so they can find reasons for each trade and reasons why certain trades are successful while some are not so successful, particularly when the same setups and similar conditions are observed and executed accordingly. in my opinion, it won't hurt to habitually record your own trading journal manually or electronically.
very very few, as a matter of fact, would be able to emphatically say what you did.
congrats, indeed.
a nonsensical dreamscometrue 002
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a nonsensical dreamscometrue 003
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whatever happens to those pix....LOL
there are 5 pix and one video....
OH WELL.... again my humble apology, my very own inadequacy in not being able to post pix and video at the same time. shame on me.
(continue)
....most traders who are still making the journey.... because of their personal real live experiences.... which are very real and excruciating for most.... are not able yet, at this point in time, out of their trading experiences, declare that....
if and when.... you have the formulae or formula to not only tell you but also show you graphically on screen--when to enter and exit a trade at the 70% (?) level of confidence....
trading is truly the easiest endeavor in the world....
WHICH I ALSO KNOW ONLY A SMALL PERCENTAGE WOULD MAKE IT THERE ON THEIR OWN.... AND THIS SMALL GROUP DOES HAVE THEIR VERY OWN VERY ABERRANT IDEAS AND WAYS OF TRADINGS....
most would consider these traders abnormal and arrogant; but as a matter of fact, most would just like to be by themselves doing whatever they are doing, at whatever time span, at whatever speed and at whatever manner.... that appease their own individual characteristics and preferences.... which alone would cast serious doubt in many minds....
thank you very much everyone for spending your precious moment here, which is very much appreciated indeed. to compensate you for your time, would like to leave you something that hopefully would inspire each of you to also come up with your own holygrail but with a much better, much more precise, much more accurate and much more consistently profitable module than what you see here, K?
enjoy everyone and thank you again for visiting, much humbled.
this is a personal journal--recording whatever trades that have had just been executed. i prefer to use screen shots to illustrate rather than to use lines, paragraphs and pages of writing to explain, K? personally, i do learn more effectively and efficiently with graphics than verbiage, alright?
it is never intended to show-off.
when traders come by to visit, it is hopeful that from the avenue that has been chosen here that is , as much as possible, to always include screen shots, rather than verbal explanation of what transpired which personally is quite boring--to just listen and read like in the old school days, and
also by providing some corresponding graphics as augmentation; hopefully, visiting traders would be able to better understand and perhaps would be able to also pickup something to augment their own trading personality and style, if they so wish.
i am truly contrite if this gives the impression that the exposition conveys show-off which never is its intent. my humble apology to you, mrmuggins and also to everyone else who might feel the same.
more importantly, by the very fact that you are here with a bunch of other traders at bmt, you are already a head and shoulder above numerous others who are still in the dark about trading profitably. there are many more prolific traders on board here who have consistently contributed unselfishly to enrich other traders and have never asked for a dime in return.
mrmuggins, if you stick around long enough, you could be even more successful at trading than many of us, K? no one knows for sure.
90% of what you see on the application side, are all available here in the download section practically free to everyone who wishes. a diligent trader just needs to tweak around a little so it would fit his/her your own trading spec.
big mike's own old trading journal would be one of the very best guidelines for any trader who wishes to progress toward profitability and consistency.
cheers everyone.
@mrmuggins; specifically, if you wish to progress toward profitability and consistency real fast and in a big hurry <not that it is prudent or preferred> why not just copy a few relevant things that big mike did in his journal?
just setup exactly as he did in terms of long term, medium term and short term signals.... big mike also provided much better verbal explanation in his personal trade journal.
imho, it is entirely possible that you could even become reasonably profitable within a few months, if you could duplicate everything he did so successfully.
thx for coming by and expressing your opinion which is duly noted, K? wishing you much success, mrmuggins.
Last edited by nakachalet; 2 Hours Ago at 12:39 AM.
The following errors occurred with your submission:
The text that you have entered is too long (190402 characters). Please shorten it to 50000 characters long.
this text appeared 7 or 8 times, each time, i deleted some passage to trim down to fit the requirement.
after a few trimmings, the thoughts, ideas and questions generating from looking back at trading multiple products at the same time.... are completely deleted from the screen which is very unfortunately. it has been a couple of hours since i first started on part 2 which is now also been integrated into the original part 1; due to my own misunderstanding of how the posts are supposed to be posted from month to month; my apology as well;
and finally at this exhausted stage, it does not seem that the essence of trading and the incurring inherent problems concerning trading multiple products at the same time, remains any where to be noticed or recovered here.... so very sad and so very wasteful. just what sort of posting program is being employed here?
succinctly, even posting this single chart has been considered as too long by the posting program....????? what a day, indeed!
