What do we discuss in Skype Live Trading Room when we are not trading?
Below I’ll post some excerpts of the type of disucssion that happen in our Skype Live Trading Room. We believe that trading is 80% in the mind and so we focus more on the most important part of trading.
[09:56:51] Immy – AIMS: The Most Important thing I’d like to share, from all of my trading experience is this
You gotta learn to Trust Yourself.
You gotta learn to trade your own belief system. And you want to do that while you follow the Holy Grail of trading
Want What The market Wants (Thank You Dr. Bill William)
Which basically means (took me years to understand) only trade when there is a trading signal plus your belief system in line with it.
[10:01:05] Immy – AIMS: What we as traders get paid for is
>>> waiting for proper entry
>>> waiting for proper exit
[10:01:27] Immy – AIMS: That’s where we make money.
[10:01:47] Immy – AIMS: we don’t wanna force the market, we don’t want the market to be in tune with us, we want to be in tune with the market
[10:02:49] Immy – AIMS: “for us to get in tune with the market, we have to change our belief system, we’re simply are not going to be able to change the market” Williams.
[10:06:40] Immy – AIMS: If I were to give you $10,000 and send you to Vegas would you like to spend all the money? would there be a problem?
[10:06:55] Immy – AIMS: now imagine if I ask you to double that money for me? can you do it?
[10:08:27] Immy – AIMS: The answer to these questions will determine if you can actually become a good trader or not. We want to work on our belief systems and get to the point where you can say, yes give me the 10K and I’ll trade it and double it for you. With no problems. If you can think this way, you WILL get there. So changes in the belief systems are required not THE METHOD
Don’t ditch TZ1, don’t introduce a new indicator or remove one… Focus on the 80% of the equation. THE SELF