Comments on: Evolution of a Trader: How to Recover from a Loss http://www.movethemarkets.com/blog/2006/07/29/evolution-of-a-trader-how-to-recover-from-a-loss/ Futures Trading, Custom Programming, and Commentary Fri, 05 Mar 2010 06:12:03 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Gerardo Cabrera http://www.movethemarkets.com/blog/2006/07/29/evolution-of-a-trader-how-to-recover-from-a-loss/comment-page-1/#comment-9683 Gerardo Cabrera Sun, 09 Aug 2009 15:53:02 +0000 http://www.movethemarkets.com/blog/2006/07/29/evolution-of-a-trader-how-to-recover-from-a-loss/#comment-9683 Nice articles Richard. They seem to concentrate and elaborate a congruent single idea of what I already have in my mind about each topic, but in my mind they are all so messed up and lost. By the way I am a type 3 software engineer too..... but I already took all indicators of my charts.... but NYSE-$Tick is still there.... Blessings and thanks for your contributions... hope I can give you some back. Nice articles Richard. They seem to concentrate and elaborate a congruent single idea of what I already have in my mind about each topic, but in my mind they are all so messed up and lost.

By the way I am a type 3 software engineer too….. but I already took all indicators of my charts…. but NYSE-$Tick is still there….

Blessings and thanks for your contributions… hope I can give you some back.

]]> By: How to Tell If You Are a Good Trader » Move the Markets http://www.movethemarkets.com/blog/2006/07/29/evolution-of-a-trader-how-to-recover-from-a-loss/comment-page-1/#comment-350 How to Tell If You Are a Good Trader » Move the Markets Mon, 02 Oct 2006 05:24:41 +0000 http://www.movethemarkets.com/blog/2006/07/29/evolution-of-a-trader-how-to-recover-from-a-loss/#comment-350 [...] In my article on loss recovery, I point out that the way to recover from a loss is to get back into the same mindset you were in before the loss. That’s good information to have, and I suggested getting away from your trading platform until you recover, but I didn’t talk much about how the heck you’re supposed to get your head back on straight. It’s hard! Here are a couple things I like to keep in mind, and repeat to myself until I fully believe them again: [...] [...] In my article on loss recovery, I point out that the way to recover from a loss is to get back into the same mindset you were in before the loss. That’s good information to have, and I suggested getting away from your trading platform until you recover, but I didn’t talk much about how the heck you’re supposed to get your head back on straight. It’s hard! Here are a couple things I like to keep in mind, and repeat to myself until I fully believe them again: [...]

]]> By: Richard http://www.movethemarkets.com/blog/2006/07/29/evolution-of-a-trader-how-to-recover-from-a-loss/comment-page-1/#comment-181 Richard Tue, 22 Aug 2006 21:53:37 +0000 http://www.movethemarkets.com/blog/2006/07/29/evolution-of-a-trader-how-to-recover-from-a-loss/#comment-181 @Florian: Thank you! I'm glad you enjoyed them. @Florian: Thank you! I’m glad you enjoyed them.

]]> By: Florian Heinemann http://www.movethemarkets.com/blog/2006/07/29/evolution-of-a-trader-how-to-recover-from-a-loss/comment-page-1/#comment-180 Florian Heinemann Tue, 22 Aug 2006 21:50:13 +0000 http://www.movethemarkets.com/blog/2006/07/29/evolution-of-a-trader-how-to-recover-from-a-loss/#comment-180 These evolution articles are really great! I'm a Type 1 trader at the moment and have already done some of your descriped mistakes... Your articles are helping me to detect some of my mistakes that i try to hide from myself :) These evolution articles are really great! I’m a Type 1 trader at the moment and have already done some of your descriped mistakes… Your articles are helping me to detect some of my mistakes that i try to hide from myself :)

]]> By: uglychart.com » Blog Archive » Move the Markets http://www.movethemarkets.com/blog/2006/07/29/evolution-of-a-trader-how-to-recover-from-a-loss/comment-page-1/#comment-77 uglychart.com » Blog Archive » Move the Markets Tue, 01 Aug 2006 21:13:12 +0000 http://www.movethemarkets.com/blog/2006/07/29/evolution-of-a-trader-how-to-recover-from-a-loss/#comment-77 [...] I’ve been reading Richard’s blog. He also just started day trading earlier this year. It’s got a lot of good information. There was an interesting post about the top 50 stocks to day trade, which lists liquid stocks that have a large intraday range. It’s interesting to note how many alpha stocks are on the list. He was also interviewed by Dave for the stocktickr blog. And he has a funny post about how to recover from a loss - funny because it is true: But, when you are down thousands of dollars, and you have bills to pay, and you know that so-and-so is going to ask you how the day went in a couple hours, and they obviously already think you are an idiot for trading stocks in the first place, and you’d really like to impress them… well, somehow your brain manages to blind itself to anything but the possible upside of plans like the ones above. [...] [...] I’ve been reading Richard’s blog. He also just started day trading earlier this year. It’s got a lot of good information. There was an interesting post about the top 50 stocks to day trade, which lists liquid stocks that have a large intraday range. It’s interesting to note how many alpha stocks are on the list. He was also interviewed by Dave for the stocktickr blog. And he has a funny post about how to recover from a loss – funny because it is true: But, when you are down thousands of dollars, and you have bills to pay, and you know that so-and-so is going to ask you how the day went in a couple hours, and they obviously already think you are an idiot for trading stocks in the first place, and you’d really like to impress them… well, somehow your brain manages to blind itself to anything but the possible upside of plans like the ones above. [...]

]]> By: Joseph Forsyth http://www.movethemarkets.com/blog/2006/07/29/evolution-of-a-trader-how-to-recover-from-a-loss/comment-page-1/#comment-67 Joseph Forsyth Mon, 31 Jul 2006 05:26:20 +0000 http://www.movethemarkets.com/blog/2006/07/29/evolution-of-a-trader-how-to-recover-from-a-loss/#comment-67 Here is an excellent technique for stilling, and sometimes actually stopping thought. 1. Sit quietly in a comfortable place. 2.Take 3 very deep breaths, in ande out. 3.Ask yourself this question " What will my next thought be". 4.Watch with all your attention for the answer. My thinking has actually stopped many, many times using this approach. Here is an excellent technique for stilling, and sometimes actually stopping thought.
1. Sit quietly in a comfortable place.
2.Take 3 very deep breaths, in ande out.
3.Ask yourself this question ” What will my next thought be”.
4.Watch with all your attention for the answer.

My thinking has actually stopped many, many times using this approach.

]]> By: richard http://www.movethemarkets.com/blog/2006/07/29/evolution-of-a-trader-how-to-recover-from-a-loss/comment-page-1/#comment-66 richard Mon, 31 Jul 2006 01:29:43 +0000 http://www.movethemarkets.com/blog/2006/07/29/evolution-of-a-trader-how-to-recover-from-a-loss/#comment-66 @Stevey: Thanks, and I'm glad my issues remind you of your own trading. Part of the reason I'm writing these is so that traders will see how much we all have in common. So many beginning traders are isolated and have no way of knowing. And of course I'd love it if these articles gave people a speed boost through the more punishing parts of their learning experience. @Stevey: Thanks, and I’m glad my issues remind you of your own trading. Part of the reason I’m writing these is so that traders will see how much we all have in common. So many beginning traders are isolated and have no way of knowing. And of course I’d love it if these articles gave people a speed boost through the more punishing parts of their learning experience.

]]> By: Howard Lindzon » Lindzon’s 5 click weekend market mashup http://www.movethemarkets.com/blog/2006/07/29/evolution-of-a-trader-how-to-recover-from-a-loss/comment-page-1/#comment-65 Howard Lindzon » Lindzon’s 5 click weekend market mashup Mon, 31 Jul 2006 01:09:49 +0000 http://www.movethemarkets.com/blog/2006/07/29/evolution-of-a-trader-how-to-recover-from-a-loss/#comment-65 [...] Recovering from a loss I read it twice! [...] [...] Recovering from a loss I read it twice! [...]

]]> By: Stevey http://www.movethemarkets.com/blog/2006/07/29/evolution-of-a-trader-how-to-recover-from-a-loss/comment-page-1/#comment-64 Stevey Mon, 31 Jul 2006 00:59:57 +0000 http://www.movethemarkets.com/blog/2006/07/29/evolution-of-a-trader-how-to-recover-from-a-loss/#comment-64 After reading your Part 1 and Part 2 "evolution" article, I came to the conclusion that i am at level 1.5 (ie. between Type 1 & Type 2 trader). What you described of your trades reminded me of my own mistakes !!!!!!! Thanks buddy! Just keep trying and we will get there ! After reading your Part 1 and Part 2 “evolution” article, I came to the conclusion that i am at level 1.5 (ie. between Type 1 & Type 2 trader).

What you described of your trades reminded me of my own mistakes !!!!!!!

Thanks buddy! Just keep trying and we will get there !

]]> By: richard http://www.movethemarkets.com/blog/2006/07/29/evolution-of-a-trader-how-to-recover-from-a-loss/comment-page-1/#comment-63 richard Sun, 30 Jul 2006 23:33:23 +0000 http://www.movethemarkets.com/blog/2006/07/29/evolution-of-a-trader-how-to-recover-from-a-loss/#comment-63 @Karin: Thanks! It really isn't easy, is it? I kind of like the challenge, though. @Karin: Thanks! It really isn’t easy, is it? I kind of like the challenge, though.

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