Just F..ckin do it
Tradings a bit like a roundabout in the playground. When you're a kid, you watch it spinning round & round, you get a feel for the pace & rythm. Eventually, you trust what you are seeing, are at one with the pace & rythm & feel able to jump on or off.
When you see your plan working trade aftertrade after trade - eventually it should hit home.
But you're right - getting to the stage of maximising the plans performance all in one go is a tough ask, though not imposssible. So yes, incremental improvement & achievements in terms of plan implementation is therefore not a bad idea. Walking, one step at a time b4 u run with it. This removes the pressures & lets you gradually see the positves, while improving in small steps. Think i will go more along these lines - rather than expecting to be able to capture the lot straight away.
Good post,
Traders must not give up on trading specially those of you who have been around for few years. The turn around will come sooner or later.
If traders just concentrate on risk analysis than reward analysis or even risk /reward analysis then 1/2 the battle is won ,,
grey1
A better analogy for trading, is surfing -
At first you struggle. Maybe even fail to understand how you will be able to master the whole technique of being able to catch a wave, stand up and ride it to the shore (trade successfully).
But breaking it down into smaller steps, starting at the beginning, you can then develop a feel for the whole process.
Maybe you start with body surfing (observing price action) - just getting a feel for the how the waves (price movments) work, their pace & rythm, and their ebb & flow. You then begin to understand what makes an individual wave (segment of price action, chart pattern etc) suitable for you to try & catch it (trade it)- by judging its momentum & where it will begin to break.
Soon, you reach the stage where you can quickly process all this information and have a good idea about how that individual wave will unfold. You then have an internal instinct for knowing which waves (types of price action, chart patterns/setups) are worth trying to catch (trade), and which you are best off leaving alone.
Occasionally your judgment will still prove incorrect - as you attempt to catch some waves that are out of your reach as they will either break too early or too late (stop losses being hit). Other times you will pass up on the opportunity to catch a wave, only to reflect in hindsight that it was in fact attainable (profitable trade opportunity missed).
You may then learn the techniques needed to pasddle with the wave & stand up on the surf board, safely on the shore (demo/simulation trading).
The next stage of developing as a surfer is in the water with a surf board. You need to be able to master the art of successfully identifying suitable waves (trade opportunity identification), catching the wave by paddling with the wave and then standing up on the surfboard (trade entry) and riding a wave to the shore (following the profit take exit plan). This takes a lot of practise for some & comes more easily for a others. You need to be able to -
1 - quickly read the wave (price action) and make a decision about whether you will start to paddle to try & catch it (enter the trade).
2 - if you do try to catch the wave (enter the trade), you need to be able to paddle with the rythm of the wave (price action) until -
3 - the optimum moment when you attempt to stand up (entry - on open of next candle?).
4 - if you stand up successfully (enter the trade), you then hope to be able to ride the wave (momentum) until it dies down at its natural exit point near the shore (support or resistance level?)(exit target) without falling off the wave (trade) prematurely as a result of - a lapse of concentration, panic, poor technique, poor reading/interpretation of the wave and any obstacles ahead....
really good thread ~
nice few posts J
mine goes in here I think
Previous Post ~
From NQ in Cornwall ~ Fistral Beach you get a great view of natures market at work watching the surfers catching waves, depends on their skill and experience which waves they can catch and for how long.
Primary Waves and their smaller brothers and sister’s
You see it all ~ Scalpers going for short quick rides right up to the large position players who will sit for hours waiting for the right Wave Set, they climb up and stop out many times, (short paddle back to take off) then they are up and you just no this time they’ll make every move at the correct time , skipping effortlessly from set to set avoiding all the dead waves and dumps and finding the true Wave that will carry them all the way to shore. It’s a hell of a long paddle back to take off and a long wait for another good Wave, they don’t mind they know it’s worth it.
Cribber to the beach only top quality wave riders make this one
(very large wave that starts up when the swell is 5ft +)
You see surfers making careful board selection ~ Long board or Short true honest
You see all the surfer’s all gathered up out there watching the Sun going down , comparing notes etc best board/Wax/ area to sit and wait. Looks like a great forum out there.
Andy @ NQ
Direct PM answer to ~ am I a Surfer ? Posted it to ~
The eye opener is watching the experienced Surfer (trader)
ride the waves, watching him stop out then try again all choosing different spots for take off , no right or wrong just a good take off spot for their skill level
No man I am not, but do live where stated, moved there 7 yr ago. I appreciate all skills done well in any field.
The Surfers attitude to life if he is a true
(not a wk end dude with is brand new VW) is probably the best traders attitude to adopt ~ IMO
They care about surfing, life interacting with others, They are not competitive by nature and they don’t seem to bother about tomorrow much just the here and now. They ride the waves to become one with nature and don’t care to much about money as long as they have enough that’s cool
There lack of attachment to money gives them an edge in what they take part in LIFE.
I removed the money from the trading game 6 months ago when I realised I was just constantly breaking even. Thought about what I new, thought what’s logical, which waves do I want to ride, wrote it down and traded it on a demo account, Great results for my level of ability.
Went Live a few months ago / still got me part time job (everybody part time in NQ) going ok not setting world on fire yet, but do you now what, I don’t care anymore, I am in full control of my method and me, and if it don’t work out and I cant become a full master of this trade, I am having FUN learning and taking part. The downsides covered
So ye I am a surfer, we all are if we choose to be,
I am a Surfer on the snooker table, a Surfer at work and most of all I am a Surfer when I trade.
If you feel the heat, feel uncomfortable in any way, what ever you’re doing, you’re doing it wrong "my Dad said that"
Step back and say what can the surfer do for me and the search goes on "I said that"
Will Post again, just taking a break and concentrating on Surfing and having FUN
Andy
all the best with it J :clover:
and all the best to me to again
F..ck it .....just do it
Andy
