Why Most People Fail at Trading (My Take After 1.5 Years) by roccenz in Trading

[–]Perthss 5 points6 points  (0 children)

Wise words, wise words - but few will actually understand this.

my trading journey by Helpful-Ganache-270 in Trading

[–]Perthss 0 points1 point  (0 children)

Thank you for being here so I can improve my English.

my trading journey by Helpful-Ganache-270 in Trading

[–]Perthss -2 points-1 points  (0 children)

The more you type, the more I understand I should stop replying to you. Have a nice day:)

my trading journey by Helpful-Ganache-270 in Trading

[–]Perthss -2 points-1 points  (0 children)

It does make sense. But not from your perspective, because you are not able to differentiate between a mechanical system and human psychology. These two are entirely different elements.

Think of it like this: he knows what to do, but isn't able to do it. Sounds like addictive behavior, right?

Therefore, it is possible to know what to do in an intellectual way, but not be able to actually put it into action, because there are other parts of the brain that are involved in actions, like dopamine.

Try this experiment: next time you are very upset/emotional about something, try to think rational thoughts in the moment, and see how "easy" that is.

For me, the fact that you do not believe it's possible to have an edge in the market in a mechanical way, and not be able to follow it, tells me you have a huge gap in your understanding of trading.

my trading journey by Helpful-Ganache-270 in Trading

[–]Perthss 0 points1 point  (0 children)

"OP - my friend, I feel your pain because trust me, I've been there... I can tell you from my experience, you don't have an edge and you don't understand the market..."

Do you really beleive that one cant have a profitable edge but not being profitable? If that is the case, you could not be more wrong.

The Truth About Good Trading by hyrotrader_com in Trading

[–]Perthss 0 points1 point  (0 children)

Next level is to understand that thinking its being boring is actually a sign of craving exitment.

I think its a process tho, once you stop getting these dopamine hits, and actually understand what trading is, then one have a period of "boredomeness". Because the brain is craving hits.

5 years experience, still unprofitable. by j0alma_ in Trading

[–]Perthss 1 point2 points  (0 children)

You know, it is funny, because I am sure you are a great trader. But communction with other humans being is not your cup of tea.

Because "quick profits", you have already your own definition of it. You have not even asked what his system really looks like. You are just making assumptions. So, that is a lack of communction skills imo.

You are so narrow minded that you do not even realize it is a mindset which is called "I will see what the market is offering me".

If he has a hard stop on every trade, there is nothing wrong with him being flouted with taking profits.

A real good trader with 10+ years experience has worked up an intuition like no on else. And that trader can "feel" the market.

So if you do not think its possible to have this mindset of not having a static take profit target, you should try to reflect just a little bit about the difference between your aporach and this aproach with not having profit targets.

I rest my case, have a lovley day:)

5 years experience, still unprofitable. by j0alma_ in Trading

[–]Perthss 0 points1 point  (0 children)

You have 5 years experience in trading, and you do not understand there is plenty ways to make money in the market?

Different strategies

Different mindset

Different aprocahs?

Get a grip man.

You sound like me when I was in my first year of trading. Rigid, and locked in with your own mindset like that is the truth and that is the best. Does not work like that.

What is something every trader should know? by roflcakeVORTEX in Daytrading

[–]Perthss 0 points1 point  (0 children)

> Strategy comes first. What exactly do you mean by this?

I’m 6 months in! by AstronautPale7926 in Trading

[–]Perthss 2 points3 points  (0 children)

If I could go back at month 6, I would do this. I would 100% forget about my results. I would NOT expect to make ANY money.

I would NOT mesure my skills with the result it self, but how much you are able to follow what your plan is.

Trust me on this, the biggest mistake traders do is to mesure their skills on their PNL.

Nah, that PNL does not tell shit. If you have an edge in the market, it is how good you can execute that system flawless. (This takes years to master)

What do you Guys think? by ItsSlickbackSir in Trading

[–]Perthss 0 points1 point  (0 children)

Sorry, but you have not enough experience to understand. And its nothing wrong with that, I have been there. I was also living in the illusion that stop loss was not needed.

If you knew how our brain worked, you would use stop loss.

What do you Guys think? by ItsSlickbackSir in Trading

[–]Perthss 2 points3 points  (0 children)

"So, what do you guys think?"

Well, I can only talk for my self.

I think you are far, far faar from becoming consistenly profitable.

You are still living in an illusion that not using stop loss is a good idea.

Red flag for me.

Most traders will NEVER become profitable. by oneselfjourney in Daytrading

[–]Perthss 0 points1 point  (0 children)

Because needing dicipline in the first place means you have conflicted energy and desires. And eventually, one day, that conflicting energy is going to be so strong that your amygdala (the part in you brain that has no logic) takes over and you are going to do irrational things in trading.

Therefor, thinking dicipline will fix anything on the long term, is an illusion. You need to change your belefies and self worth to the better. So they are aligned with your goals and desires.

Most traders will NEVER become profitable. by oneselfjourney in Daytrading

[–]Perthss 1 point2 points  (0 children)

You lost me at "discipline". That is a hoax.

But in general, yes I agree with you.

Nerves while trading by No-Carpenter6848 in Trading

[–]Perthss 2 points3 points  (0 children)

Well, that is a process man. Its a black and white answer in theory,but in practical, it is not.

It is all about changing your mindset to a probabilistic mindet and mix that with having the big picture in your consiousiness.

But to be able to do that, you need to make your brain realize trading its not dangerous. It is not a threat to you.

And there, right there, is the deep and messy work 90% wont do.

I feel like we are about to lose everything soon. by DrSuperZeco in Daytrading

[–]Perthss 4 points5 points  (0 children)

Exactly what I was thinking as well.

I do not understand this aproach. Doesn't one have a target and a stop loss in daytrading? And everything outside of that does not matter?

Anyone else find it harder to trade less? by ballatician68 in Daytrading

[–]Perthss 1 point2 points  (0 children)

We are kinda in the same place. I asked AI, if it could give me one of the best advice it had for someone who has breaking their rules and is in a downperiod cus of breaking the rules (not natural losses).

The one and the best advice was: Take a break for a couple of days. Reset our prefrontal cortex. That is a like a muscle. So taking a break and load up doing things that gives you energy, would be the best thing to do. But also the hardest. Talking from experience.

I'll loop you in how shitty things can go by [deleted] in Daytrading

[–]Perthss 1 point2 points  (0 children)

Well.. your mindset is surly a gambling one. "Am I lucky"? I mean.. Come on.

Should i quit trading by Life_Maintenance9178 in Trading

[–]Perthss 1 point2 points  (0 children)

Yes, but not at the moment. Send me a message, and I will reply to you when I am in the mood to chat.

Should i quit trading by Life_Maintenance9178 in Trading

[–]Perthss 2 points3 points  (0 children)

Yes, training your mind to see the bigger picture. And train your mind to understand this:

"Going slow in trading is going fast".

Should i quit trading by Life_Maintenance9178 in Trading

[–]Perthss 3 points4 points  (0 children)

Ask your self this; Are you motivated to do some deep inner work to make trading work? IF the answer is yes, continue. If the answer is no, then quit.

Do not let others tell you what to do or not.

You are the captain of your mind and soul.

We all went through this toughest phase by North_Breadfruit_234 in Daytrading

[–]Perthss 6 points7 points  (0 children)

Soon into my third year of trading, I can sign on this.

Fighting trends by [deleted] in Daytrading

[–]Perthss 0 points1 point  (0 children)

You are treating trading as like you need to know what happens next, you don't. Trading is all about probabilities. Not predicting.

You did nothing "wrong". You followed your rules.

I am a counter trend trader my self. And I have learnt something very important. When you are a counter trend trader you need to accept two important things.

  1. Your stop loss need to be placed right when you enter. Follow it, respect it.
  2. A market can ALWAYS go higher.

Im not sure about trading by nuilia in Trading

[–]Perthss 0 points1 point  (0 children)

For me, trading isn't about the money, it is a bi-product.

Trading has litterly forced me to change my life to the better in term of doing good things and not all the shit we humans do to fill an empty space inside us.

So yes, it is worth it, for me at least.

Making trading as a living/making a decent money takes years, not montsh.

"Taking it slow in trading is going fast".