Thanks to my wife for her loving support. Thanks to Brain Zimmerman and Lance Beggs for their friendship, support and coaching.


"The world aint all sunshine and rainbows. It's a very mean and nasty place and it doesn't care how tough you are, it will beat you to your knees and keep you there permanently if you let it. You, me, or nobody is gonna hit as hard as life. But it ain't about how hard you hit, it's about how hard you can get hit and keep moving forward...how much you can take and keep moving forward. THAT'S HOW WINNING IS DONE!! If you know how much your worth then go get what your worth, but you have to be willing to take the hits, and not pointing fingers saying you aint where you want to be because of him, her, or anybody. Cowards do that and that aint you. You're better than that". Rocky 6









Friday, December 9, 2011

i hate my boss

Funny I work for myself (which makes me the boss) and I still hate my boss at times. Trading has tested my personality many times forcing me to focus on my weaknesses in order to move forward.  A year ago I struggled with taking losing trades.  Today I struggle dealing with new equity highs.  The more I make the less I want to trade.  Complacency is poison to any performance driven result sports, sales, etc.  I hate losing and hate it even more when I'm winning.  For me its like walking up a hill with weight on my shoulders and the higher I climb that hill more weight is added until I cant move higher anymore.  Lately I find my trading at a stall.  I lost that chip on my shoulder that allows me to engage in the market.  The P&L is positive and I find myself comfortable and this is BAD!!. This is causing conflicts with decision making.  I want to trade as I'm feeling like a bum doing nothing but cant find the edge to engage.

Today I force a trade and wanted it to lose and just maybe it would boost my motivation. REALLY?? Since I'm more motivated when I'm losing as I'm in fight mode i thought this would be a good idea.  I took a trade with 6 tick risk.  The trade was low probability and when I got in I was entered with -1 tick slip and on the exit was granted-2 tick slip  resulting in -9 tick loss plus commission.  Well so much for that idea because now I'm pissed at myself and not motivated and $95 less on a Friday.  One thing is for sure is Ill take a winning trade at some point , feel better about my trading and find myself sitting in front of the screen doing nothing but patting myself on the back for some long length of time unless I find a way to change this mental process.

Most traders including me try to avoid losing trade but yet its reason this whole stock market thing works.  Has to be buyer and sellers.  Some of us perform better when our backs are against the wall. Maybe I can find a way to embrace the losing trades more. I learn more from them and it fires the motivation up.
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2 comments:

  1. Lance BeggsDecember 9, 2011 at 11:48 PM

    Damn... isn't that always the way. You try to take a small loss and the market punishes you with an extra three slippage.
    Rather than taking a real loss you might want to consider something like Don Miller's fictional drawdown concept. http://donmillerjournal.blogspot.com/2008/07/cornerstone.html
    The key is though that the feelings need to be real in order to get into that effective comeback mindset.
    A bit of punk / hardcore background music can be effective as well (if you're into that stuff!). Anything that gets you just a little bit angry!

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  2. TraderSimpDecember 12, 2011 at 8:12 AM

    yep I got punished on that idea plus tax. Thanks for Dons link. I like all types of music so I should be able to find something that works. Good idea. There always seems to be a wall waiting for us in this profession. Thanks for the comment

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