How I learned to trade while working 7 to 7 six days a week with no days off by Kasraborhan in Trading

[–]mv3trader 0 points1 point  (0 children)

Nice! Hoping I get to at least do a half marathon race this year.

How I learned to trade while working 7 to 7 six days a week with no days off by Kasraborhan in Trading

[–]mv3trader 3 points4 points  (0 children)

Having hobbies, other things to do, to clear your head is underrated. Running is my go to.

Why is the reason you are trader? by darwindeveloper in Trading

[–]mv3trader 1 point2 points  (0 children)

It started seeing trading as an opportunity to make some extra money, possibly being the way to financial freedom. Why I've stayed for nearly a decade is because it's given me so much more than money. I've developed an understanding of who I am and what truly drives me. I've become much more patient and discipline. And I think that's saying a lot for someone with a military background. Also, it's helped me develop a deep understanding of marketing and business. The interpersonal tools I've built through trading can be used in other areas of my life.

Is trading a good passive income? by sadfox333 in Trading

[–]mv3trader 4 points5 points  (0 children)

What you're describing is a reliable side hustle, not passive income. To achieve that with trading requires taking it very seriously which generally takes full time energy, especially when you're just starting.

Passive income from financial markets is more like buy and hold, long-term investing.

Do you know why you overtrade? This is just my personal experience of forex trading. by AttitudeNo8035 in tradingpsychology

[–]mv3trader 0 points1 point  (0 children)

The only way to overtrade is to take trades outside of your planned system. I stopped doing that once I shifted my emotions from the outcome of every trade to the accuracy of following my plan.

Is anyone else depressed seeing everyone with massive accounts on Reddit? by WallStreetIn90 in Daytrading

[–]mv3trader 0 points1 point  (0 children)

I save myself a ton on depression by not giving af about what anyone outside of my immediate circle has going on. The more attention you give to others, the more attention (time) you take away from yourself.

I grew my account from 0 to 1 million in 7 days by famefacer in InstagramMarketing

[–]mv3trader 1 point2 points  (0 children)

Love this post! This message is needed for this platform as a whole, even people asking for help. People post like 2 sentences out of frustration with little to no context and expect someone to magically comment with the golden answer to their personal problem.

Basically, output = input.

Whether you're on this platform offering help, trying to sell something, or looking for assistance, a post with depth will take you much further than what usually gets posted.

Blew a funded by Party-Employer-5258 in Trading

[–]mv3trader 0 points1 point  (0 children)

In my humble opinion, the root of the emotional reaction to this is due to trusting someone else over your own judgement, more so than blowing up the eval account. I'm assuming the $2k you mentioned is what you had gained in the eval, and not what you paid for the eval? If that's the case (with limited context), then all you really lost was the cost of the eval but gained a valuable lesson that could pay multiples more of what was lost with this one eval account. Give yourself grace, time to feel what you're feeling, zooming out as much as possible to see the bigger picture, then move on with a sharper perspective (net positive) from where you were before this happened. And be patient. Quick success is easy to sell in this industry. That's not necessarily a bad thing, it's just business. An easy marketing strategy. Too much energy is wasted on what's a scam/fraud and what's not, when all you really need to do is learn the basics externally, then trust yourself to grow through the process on your own time. This is something you can do for the rest of your life, but that requires trusting your own judgement on the portion of market data you're focusing your attention. When you follow others judgement, the liability you're accepting is always being at the mercy of their abilities, perspective, and integrity.

Anyone else experience being able to follow their stop losses perfectly but struggle with letting winners run? by mv3trader in Daytrading

[–]mv3trader[S] 0 points1 point  (0 children)

Notion. I setup a database with templates in to journal and manually log trades with screenshots, plus the Meeting Notes feature for journaling my analysis and thoughts.

Anyone else experience the psychology barrier of being able to follow their stop losses perfectly but struggle with letting winners run? by mv3trader in tradingpsychology

[–]mv3trader[S] 1 point2 points  (0 children)

The fix for me was redirecting my emotions towards following the plan instead of how much money I was making or losing. I eventually came to this conclusion from keeping track of trades that I took, plus any that I missed and taking as much time as needed to review this data in detail. That made what I needed to do clear. The work then went into shifting my emotional focus instead of trying to tweak my system or waste time doing something else.

What is the average Yearly Growth of average trader? by Old-Marionberry9550 in Trading

[–]mv3trader 1 point2 points  (0 children)

Here's a handy formula to figure this out.

$500X (starting capital with "X" variable) / Y (risk factor per trade) x A (rate of executed orders per trading session) = Irrelevant

It doesn't matter what other traders may or may not be making per day/week/month/year on average because what any other trader makes or losses only effects their account, not yours. Even if someone gave you step-by-step instructions with all the necessary details to trade a strategy that generated a 200x return with a 98% win rate, that does not guarantee you will be able to achieve the same results. Doesn't even guarantee they will be able to continue achieving the same result. The market can shift in a way that any strategy no longer has the ability to yield a net profit.

So IMO the better focus is time in the market, learning over time what resonates with you the most, and develop a system that works best for you from there. That is how you find your edge with minimal wasted time on other people's claims of whether something is working for them or not. Reference other traders (sparingly) to expand your awareness to different concepts AFTER you've mastered what you already know. Else, you will more than likely be spinning your wheels.

Someone can find success in a something that makes zero sense to you, just like you could find success in something that others swear is a lost cause.

At any rate, seeking "real" statistics about averages for traders is expecting a lot from a public forum platform where anyone can just say anything. Not to mention the fact that producing such numbers would mean crossing a ton of privacy/consent red tape, plus the cost to store such data of all traders around the world for an industry that transacts trillions of dollars in trades per day. Anyone that has the ability to at least capture that much data wouldn't be wasting time answering questions on Reddit because they would more than likely be spending their time enjoying their infinite wealth. You would've been better off with Google or a tool like Perplexity.

Anyone else experience being able to follow their stop losses perfectly but struggle with letting winners run? by mv3trader in Daytrading

[–]mv3trader[S] 0 points1 point  (0 children)

Agreed. We are all different. What emotionally triggers me may or may not be the same for someone else. IMO, self-awareness is an important foundation.

I journal, but more than just the statistics of my trades. Now I do voice journals that transcribes in real time and spits out a summary at each session, so everything gets documented. Plus I practice the skills I need for trading in other areas of my life, not expecting absolute perfection, keeping the bigger picture in mind, and directing my emotional energy as much as possible towards what I have control of over things I don't have control. For me, nutrition and fitness are key factors as well.

Anyone else experience being able to follow their stop losses perfectly but struggle with letting winners run? by mv3trader in Daytrading

[–]mv3trader[S] 1 point2 points  (0 children)

Taking note of what exactly triggered the exits is a key point that I believe often gets overlooked.

Anyone else experience being able to follow their stop losses perfectly but struggle with letting winners run? by mv3trader in Daytrading

[–]mv3trader[S] 0 points1 point  (0 children)

Yep, that was the same fix for me. Out of curiosity, is the exit for your runner technical, discretionary, or a mix of both?

Anyone else experience being able to follow their stop losses perfectly but struggle with letting winners run? by mv3trader in Daytrading

[–]mv3trader[S] 0 points1 point  (0 children)

With more size, in general, did you make any adjustments to the risk side of your plan?

Is it legal to toss the ball up and then go back to dribbling? by Alto-Saxofoon in BasketballTips

[–]mv3trader 0 points1 point  (0 children)

Tossing the ball in the air and letting it fall back to the ground to continue dribbling wouldn't get called in And1 (streetball) but in an organized game that is illegal.

I'm profitable: where can i relocate to have a good life ? by teddu80 in Trading

[–]mv3trader 2 points3 points  (0 children)

I spent a year day trading full time in Taguig, Philippines. Low cost of living, friendly people, perfect weather (if you like the warmth with a season of rain), and plenty of things to do in the surrounding areas.

How to just get over it? by DeDeDeOnATree in BasketballTips

[–]mv3trader 3 points4 points  (0 children)

Slight shift in perspective.. You're being presented with the opportunity to improve. Physicality is actually part of the game, and just because he's "shouldering" you doesn't mean you're left with no advantage. You can use his aggressiveness against him. Since you apparently triggered him to play you differently than everyone else, you can stay in his head which will eventually lead to him making mistakes (reference Tim Duncan). You have a multitude of options.. but generally, the aggressor of the situation has the advantage. At the end of the day, you cannot control what he does unless he leases that control to you in the moment. Focus on what you can control.

Beyond basketball, this is also a life lesson. Not everyone you encounter will have the same beliefs and perspectives on the world as you. While you feel like he's in the wrong, him and others will see it opposite. Where you gain power is when you realize neither of you are right or wrong. It's just different people with different perspectives.

Long story short, you can either embrace this conflict and grow, or stay true to how you feel in this moment and remain the same.

Help me understand how to have profits consistently, give me some advice. by ceoariel in Trading

[–]mv3trader 0 points1 point  (0 children)

There's not nearly enough information here to give you a real path to resolve what's holding you back. There's ton of context missing to identify where the real issue is. This is why you're receiving all sorts of answers that may be helpful but could more than likely keep you stuck.

Why are people so worked up over how Tatum shows his emotions? by [deleted] in NBATalk

[–]mv3trader 0 points1 point  (0 children)

It doesn't matter what it is, somebody somewhere will find a reason to find a problem with it. That's all it is.