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LaReindeer
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Introduce Yourself Here - Don't Be Shy!!
LaReindeer replied to trading4life's topic in Beginners Forum
Welcome Mike, Sounds like you are having fun with this, good. Lots to learn here. Happy Trading L -
Hi, What are you trading? What features are most important to you? Ease of use, fees, etc What country are you in and what country do you want your broker? L
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Introduce Yourself Here - Don't Be Shy!!
LaReindeer replied to trading4life's topic in Beginners Forum
Hi Joshua, Welcome to the forum. Lots to read here. L -
Introduce Yourself Here - Don't Be Shy!!
LaReindeer replied to trading4life's topic in Beginners Forum
Hi ATrain, Welcome to the forum. The most important thing you are going to need right now is bucket loads of patience and time. It takes time to read and research and patience to get through it all. Try to break it down into smaller aspects and research them one at a time. Information overload happens easily. L -
Introduce Yourself Here - Don't Be Shy!!
LaReindeer replied to trading4life's topic in Beginners Forum
Welcome Paramount, I am sure you will find lots of useful info here. Good luck on your journey. L -
Moron! Learning About Yourself Through Trading.
LaReindeer replied to TheNegotiator's topic in Trading Psychology
Part of the reason I got into trading was to learn more about myself. However I under estimated just how much work I had to do personally, to get my head in the right space to trade. Most expensive therapy ever :rofl: My entries and exits are ok now, as compared to a year ago. It is the over anaylizing that is stopping me from getting in, I know I am trying to make every trade a winner, but it is a battle of wills between me and myself. We are currently working on a new strategy to get more co-operation and less fighting. I won't have anything to report on that for 2 months. I have already fully accepted that I am crazy so having two of me at the table is...well normal. I agree the thought journal is super important. Especially when you go back and read entries from 1 or 2 years back, it's amazing how much the thought process changes, and a little scary too, in a good way. L -
the only thing that is going to keep you from going for too large a gain is a good solid trading plan, that you have disciplined your self to follow. The greeks can't tell you anything about that. L
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Introduce Yourself Here - Don't Be Shy!!
LaReindeer replied to trading4life's topic in Beginners Forum
Welcome Chuck the hat, Hope you find all you are looking for, good luck. LaReindeer -
Hi Arvo, So I went and checked out the TradingJournalSpreadsheet.com looks like a really good program. I will do a little research this weekend on the pros and cons. At this point in time I do not have a huge amount of trades to record so filling in a trading record by hand is no problem. Thanks L
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Arvo, I like the separate folders idea, I will probably make that an online version as I have to be away a lot. Every thing I do must be transportable. I like that MyFxBook, do you know of anything like that for stocks? I use screen shots for my end of day trades and notes but I might just add a scoring system to that. Thanks L
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I'm not sure what you mean by keeping charts by hand. I do keep screen shots with my levels recorded, trades I took and what I what thinking or feeling, on a daily basis. I so hear you on the discipline, I use an array of tools to cope with this: meditation EFT and sometimes just stopping what I am doing and letting go, quitting, not literally but mentally to break the obsessive search for the answer, trying to figure it all out. When I do this I make the best decisions, so I also practice this in the rest of my life too. Nothing like practicing without risking money. L
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Interesting I just started using Seeking Alpha, and rather like the info that comes in. It is brief and I only read about 25% of it in depth but I do find it useful. I am currently on a 20 disciplined trade plan with one stock, so my focus is very narrow with nothing more than price and volume for indicators. It is tough as hell and very simple at the same time. I just completed trade 10 and have trade 11 on. The market takes on a whole different look when you get that tight of binders. The object of the trades is to improve my confidence, discipline and beat the stupidity out of myself, lol.:bang head: Thanks again
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Hi Feng: Thanks for that. I keep my news and info to a minimum because it is just noise and clouds my thinking. But every once in a while I start feeling guilty like I am missing out on something really important and need to keep track of more indicators, like the vix, market sentiment, etc. I will spend a little more time today and look at my trading style, needs etc, maybe I don't need a whole lot more data, just more clarity on what is in place right now. Thanks again L
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Besides the day to day challenges of managing my emotions, I find it very frustrating to organize all the data. I currently keep a thought journal document on google drive, and a trade log excel in google drive. I have a set of rules in a document. I am not real happy with this system but it works right now. Then comes the earnings, vix , news, etc. Does anyone else have a system or method of keeping track of all this info so it is handy? Right now it feels like herding cats and there is always a stray to find a home for,lol. Thanks
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Online Trading Academy - OTA - Review of the Strategy and Education
LaReindeer replied to AKM's topic in Beginners Forum
I am not looking for any more education from OTA or any other source now. I have accepted the fact that all that is required now is patience, bucket loads of it and practice practice practice. It's all up to me now. I am in this for the long haul 20 + years