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Trading Psychology How do we learn to conquer our fear and greed? Discuss the mental aspects of the game.

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Old 09-14-2008, 10:05 PM   #33

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Re: Anyone Need Help?

idk what to tell you then. i didnt say i was trading 100 lots i said that was my limit by the way. i agree it is kind of tight if that is what your saying but i did not come up with them and all the other 1000 traders that trade there make it through the levels. it seems possible for them and should be for me. 30 is also my weekly minimum target for the same period. so for two weeks if i can keep my profits above 30 then i move to the next level. if i run into 30 dollars of expense one day then i have to make it up before the week ends in order to keep my weekly profits above the weekly min. target if they aren't already.

Last edited by jcavalieri; 09-14-2008 at 10:13 PM.
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Old 09-15-2008, 05:42 PM   #34

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Re: Anyone Need Help?

its my guess the idea is forced tight stops while your learning to keep losses to a minimum so they can be easily made up once you get better and move to higher level with more capital and larger lot limits
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Old 03-27-2011, 02:44 PM   #35

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Re: Anyone Need Help?

I could use help changing a conditioning, or programming, from my youth. I have an implicit belief, and financial mindset, of lacking. When young my parents could not afford to give us money for the ice cream truck, etc. I have struggled financially even when making 85,000 to 100,000 a year as a glazing subcontractor. Never spending to enjoy myself.
Now, I have the ability to make more money than I need with trading, but am not putting my money up to risk. I have narrowed my problem down to having a mindset of lack when what is needed is a mindset of abundance. If I were to tell somebody else who had my problem what to do, but I can not do it myself. Amazing! Not really, after understanding more and more of how the brain functions. (I have core beliefs that others will begrudge me, yet I see others who are not afraid of this at all, but still I have these worries)
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