Take trading to a higher level?

[Knyyt]

I am looking/ thinking of trading my trading to a higher level. By this i am thinking of other markets/differant hours, and higher daily targets. What i am curious about is the process others have done as they did this themselves.

For instance, some believe in NLP, subliminal messages, hypno..etc..

My problem is every time i have reached for a higher goal, i seem to screw up somehow.

anyone have said experiances that they overcame this?

thanks...

[Soultrader]

I became an avid student of NLP to help me overcome some of the challenges in my life. I have to say that when practiced correctly and with determination, NLP can help you grow as a person. But before anyone dwells into NLP, you must understand what weaknesses or area you want to improve.

If you are still new to NLP, I recommend grabbing the intro book "NLP: The New Technology of Achievement". Perhaps even Anthony Robbin's books can be of interested for those interested in NLP. Also for a period of 1 month, you can get trained in Zurich or NY to get a NLP practitioners license. Google "NLP" and you will get plenty of resources on this subject.

[momentom]

It depends on what you mean by "a higher level".

If you mean "make more money" which to me is the only thing that makes sense as that is why we trade (or should trade), then its fairly straight forward.

Firstly, before you go "higher", you should be consistently profitable witha scaleable methodology. If your method is at the limit of the drawdown you can stand then its not scaleable.

Once you have a consistently profitable scaleable methodology its a matter of gradually increasing size.

This is the way we learned to make more money on the floor and it is the way most locals I know made the transition to electronic trading.

[thetradingdoctor]

What do you mean by go to a higher level? How are you doing at the level you are on at the moment? Are you winning more than you are losing? Are you thinking that you can change markets and that will bring you more money? Are you consistently profitable and want to increase exposure. Each person is different and the words "higher level" have different meanings for everyone. Are you struggling with psychological aspects of trading? Are you trading mechanically? Are you making the same mistakes over and over and expecting diffferent results, so you want to change markets or entities traded? No two trading brains are the same. Words mean different things to different people. Each person sees the markets through the hardwiring of his or her unique brain and perception. So- before I would even think of giving direction to you , Knyyt, I have a lot of questions to ask you. Do not go headlong into an unfamiliar area, be in or out of the markets. There is no Holy Grail except that which you find within yourself, i.e, your own personalized trading strategy and plan. Just to let you all know, I am not one for self-help books of any kind. That is my opinion from over 25 years as a psychiatrist and twelve years of trading and coaching/mentoring. Before you all jump on me and tell me that this or that book helped you, I am aware that there may be pearls of wisdom in such books and that there are people who cherish this or that self help technique. Some of them work-- they really do. But, just like in trading, the self-help that works for one person may not work for another. Each of you is unique. Use that uniqueness to guide you in your trading and your lives. It is the greatest gift you possess as it is the gift you give to yourself from yourself.

Thanks!
Doctor Janice
The Trading Doctor

[cooter]

Wow.

I was somehow hoping for a kindler, gentler soul.

I should hope that if I'm ever in the event of blowing out my account, that my mentor/counselor would be a bit more understanding before laying into me.

You know, positive reinforcement, empathy and all that....

Just a thought....

[milliard]

	Quote:	cooter
	Wow. I was somehow hoping for a kindler, gentler soul. I should hope that if I'm ever in the event of blowing out my account, that my mentor/counselor/shrink would be a bit more understanding before laying into me. You know, positive reinforcement, empathy and all that.... Just a thought....

If you think that's unduly harsh, I'd hate to see how you react after being called into the head honcho's office (of a typical Bank desk op) after fouling up a couple times

[cooter]

That's not the point, actually.

She's a veteran psychologist of some sort, so you might think that she'd initially have SOME bedside manner when approaching newbie and seasoned traders alike who've just been handed their lunch in a bucket of slop by the pigs in the market.

Or something like that....

But thanks, just the same for chiming in.

[milliard]

You must be reading a completely different post to me then, coz I thought she was being pretty straightforward & tame!

The guy ought to be looking at exactly the points mentioned at the beginning of her post (at a bare minimum) & totally disregarding the pap which circulates in the vast majority of so called 'trading' manuals & periodicals.

If you got a problem or a sticking point, then seek out someone who tells it like it is & is prepared to ask some god awkward questions.

That's of course if you're trading for real bucks as opposed to pissing around for pin money.

It'll save a whole chunk of time & misery!

[Knyyt]

Thanks for the replies , some food for thought.

Knyyt

[TinGull]

	Quote:	cooter
	Wow. I was somehow hoping for a kindler, gentler soul. I should hope that if I'm ever in the event of blowing out my account, that my mentor/counselor/shrink would be a bit more understanding before laying into me. You know, positive reinforcement, empathy and all that.... Just a thought....

What was harsh about that? I think they're really good points, and wasn't harsh at all. My coach will lay into me much worse than that (and I don't even think he really gets on me that much).

Good points Dr. !