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Old 04-07-2008, 04:45 PM
Nvesta81 Nvesta81 is offline
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Re: Is Trading Just Another Road to Enlightenment, That is the Question?

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I like your title, & your comments are obviously very personal & deep (to you), which is cool. There are many angles which folks use to work the markets & each angle is, & should be, unique to the individual.

But to me, this game is all about one thing & one thing only…..turning a profit.

I’m not here to get a fluffy feeling in my belly, learn to love myself or get all deep & meaningful….I’m here to bury the stiff who gets the wrong side of my next long-short pitch.

If I crack off a 2mill Cable clip Wednesday a.m, & book the ride on the back of a 2 figure move into Friday p.m, then someone is $40k lighter to my account as I confirm the ticket with back-office admin.

If I’m going to engineer those tickets on a consistent basis, I’m sure as hell going to ensure my minimum requirements (research…geography…set ups…triggers…contingencie s etc) are drilled & water tight, & I mean water-tight.

That’s what I call positive psychology

I know exactly where my price is now
I know exactly where I want to go
I know what it will take for me to crack a trade off (set ups)
I know what will lever me in (triggers)
I know (more importantly) what will lever me out again if events turn sour
I know what it will take for me to add to my position & when to fold my hand

If you don’t got that type of game plan, then you’ve got yourself a potential psychology problem. Because someplace down the route, you’re going to hesitate & maybe 2nd guess. You do that, & you’re dead in the water.

You think the successful hotshots out there are going to 2nd guess their game plans?

These hustlers know the psychology of the masses inside & out, back to front. They know where on the ladder you’ll likely hesitate….they’ll know the likely hot spots on a move (the probable stop, profit & limit camps)….they’ll know who is likely stepping up to play a level & why….they’ll know who is likely to front run a b/o step & where they’ll get greased if the b/o gets faked…..they’ll run a level & if the level fades, they won’t think twice to stop & reverse the move on the spin of a dime if the flows are out of whack….

will you & do you know this stuff?

They play a very uncomplicated game of psychology. They don’t really need to play it any other way to be honest, coz the majority of the pack out there make life hellishly complicated for themselves enough of the time. And these guy's (pro's) don't require second invitations to hustle your $$'s.

Most of the real (negative psychology) issues out there have more to do with traders financial capitalization dockets, which in turn trigger the first stages of the fear cycle than anything else.

Scared money wins nothing in this game…..& there’s a whole mountain of scared money churning these markets each & every day.

And the old timers, savvy pro’s & hotshot gunslingers know it all too well.
Strangely enough, this post was probably my most enlightening experience as a trader, lol. Wow. That really puts everything in perspective. It is so true.

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