Motivation from other Trader's blogs and P&Ls.
Hopefully further motivation (on a smaller scale than the mighty Euler).
I have started each month with a $1,000 bank and shown all movements forward in time till the end of the month in a line graph. It's slow and steady.
I have started each month with a $1,000 bank and shown all movements forward in time till the end of the month in a line graph. It's slow and steady.
Linus, you'll see a few big reds halfway through February for me. Nothing to worry about though in the grand scheme of things.LinusP wrote:Impressive Peter, nothing wrong with posting big greens as it gives me some motivation but I don't think I have a seen a big red on this forum...
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AmazingMisterX
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Seeing others blogs & profits got me into this in the first place. Some people, especially on Twitter, don't like to see screenshots but I found (and still do find) it inspirational. Some of my best tennis trades from the past week.
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woodhousejj
- Posts: 47
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Hi,
Nice results - but I think it would be more helpful to a lot of newbies to show the trades that resulted in the greens. Does not have to be the biggest trades or greens or those strategies that derive the largest gains. I understand that the thread is meant to be motivational and probably is for a lot of traders - but for me its just a topic to skip until there is substance.
John
Nice results - but I think it would be more helpful to a lot of newbies to show the trades that resulted in the greens. Does not have to be the biggest trades or greens or those strategies that derive the largest gains. I understand that the thread is meant to be motivational and probably is for a lot of traders - but for me its just a topic to skip until there is substance.
John
Self imposed green selfie ban lifted? 
I must say I have never needed any extra motivation to reach for larger and larger targets.
When I was inexperienced I always gained more from ripping apart losing trades of mine and others. This still holds true today, I will spend more time reviewing red trades v green trades.
I must say I have never needed any extra motivation to reach for larger and larger targets.
When I was inexperienced I always gained more from ripping apart losing trades of mine and others. This still holds true today, I will spend more time reviewing red trades v green trades.
It's funny really. I was looking at a blog today where the poster had gone into great depth to describe how they traded a market and posted a P&L etc.
Suffice to say, I didn't recognise much in the trade that would make it onto my screen or any of the timers I know. But that didn't stop lots of people thanking them for helping them and saying how great it all was.
That is the odd thing I've found about this market. I've earned far more from doing it than talking about it and that's my fault really. Because I don't want to mislead people, I'm a realist. But those that are willing to mislead will always tend to get the eyeballs it seems.
On the note of losses. One of the things I teach is to try and strike out your losses by understanding them, so I'll agree that this is a very useful thing to do. When I started trading I figured even if I was a complete moron I wouldn't lose much money, if any. So I figured that by cutting out the most obvious losses I must surely nudge towards profitability. Which is exactly what happened.
Suffice to say, I didn't recognise much in the trade that would make it onto my screen or any of the timers I know. But that didn't stop lots of people thanking them for helping them and saying how great it all was.
That is the odd thing I've found about this market. I've earned far more from doing it than talking about it and that's my fault really. Because I don't want to mislead people, I'm a realist. But those that are willing to mislead will always tend to get the eyeballs it seems.
On the note of losses. One of the things I teach is to try and strike out your losses by understanding them, so I'll agree that this is a very useful thing to do. When I started trading I figured even if I was a complete moron I wouldn't lose much money, if any. So I figured that by cutting out the most obvious losses I must surely nudge towards profitability. Which is exactly what happened.
Agree, to many people are working hard on how to make money instead of working hard on how to lose little.LeTiss 4pm wrote:In the early days of trading, I learned more from red screens than green.
Eliminating mistakes is a massive step towards being profitable in this game
Personally I don't have a problem with anyone posting a P/L and prefer to look to the positive side of such information. Well done Peter!Euler wrote:So me pointing out that Punchestown is working isn't helpful then?
This result is some way off my best of the week so far. But I posted to highlight that the twilight card in Ireland is working well.
Boston Bob (the fav) managed to move 5 ticks whilst the 2nd fav moved only 2, and with the volumes only slightly above average, then I am assuming you scalped your way to that figure?
BTW. Who owned the blog you were reading?
Ha, I was a "moron" for long time and 80%*-90% of BF users probably remain "morons".Euler wrote:
On the note of losses. One of the things I teach is to try and strike out your losses by understanding them, so I'll agree that this is a very useful thing to do. When I started trading I figured even if I was a complete moron I wouldn't lose much money, if any. So I figured that by cutting out the most obvious losses I must surely nudge towards profitability. Which is exactly what happened.
Why not post an example of a good trade idea that didn't quite come off. Green doesn't mean good and red doesn't mean bad.
For example, the loss from tech issues over BH weekend could have been used to illustrate risk,dealing with emotion after an unexpected event...blah blah.