Show me the money!!!!
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thread: Show me the money!!!!

  1. #1

    Show me the money!!!!

    Will fail. (I remind myself of this fact daily) Should you last over 6 months you're in the top 10% and you also owe yourselves a pat on the back. Some, after blowing off their accounts will return to test and 95 percent of those will fail.

    These markets are brutal and unforgiving and you're always just one trade away from wiping out. You have to do at your best day in day out and performance is quantified in money.

    There's, of course, a certain quantity of irony in this. You will almost certainly lose, if you concentrate on that cash although trading is all about making money. On the other hand, if your focus is on trading the opposite is true and the cash. In order to trade you have to love it. It needs to be a fire. Is it one of yours?

    Trading is 95 percent a mind game and success therein, 100% self determined.
    For those who succeed you will be bloodied and bruised but all the better off for this. The rewards you can receive go far beyond cash and the lessons last a lifetime.

    To people who neglect, I encourage to not become embittered. Your success or failure not as a person measures you in any other match or this. We have God and you will find that as soon as you've identified yoursin whatever place they're in, you will have more enjoyment and satisfaction which you thought possible. You may even find you get on your knees and thank your Creator that you went any further with this little game called trading.

    To all I wish a very happy Christmas.
    May God shine His Light on you and yours.

    Steve

  2. #2
    Junior Member Antiupe's Avatar
    4
    SEE!! I advised you Rob was a class action. Only if I had the @#$#%^$%sense to listen to him and follow everything I am told by him, I wouldn't be in the situation.

  3. #3
    Thanks for the kind words guys, par for the course at FF. , I would be delighted to follow any useful sugggestions, comments... Especailly if others are going to have the ability to benefit.
    Mark
    Mark, if you feel ready, begin your thread in the journal section. State that the purpose of your journal and goal as you see it. Give a little background of your own trading far and include are significant.

    Steve

  4. #4
    Junior Member tsukiko2k5's Avatar
    14
    Since some of my beliefs are summarized on these articles, I thought I would contribute something to this thread. Sorry if I am not adding anything here for barging in. However, to begin:

    1. I believe that focusing on following your system -- rather than on money -- makes a difference.

    2. I also believe that the Canaletto restuarant at the Venetian has the best pizza around the Las Vegas strip.

    Ok, on to some points I made in my year 2006 preview. This is a really long post, but it will really clarify my thought process.

    The best way to be a much better trader right now

    I've something I want to get off my chest, and though most of you will feel this of the same from me, I really want you to read this. It's crucial.

    In the previous 4 months, I've worked with about 30 traders at the web-based coaching and another 50 traders at the live training. These traders are from every continent around the world. They're from all different economic and eduional backgrounds. Many had trading experience. Some didn't. Could be failures. There was one in particular I specifically considered to be totally unfit for trading, and this person has become the most prosperous trader of the year -- and is currently earning a living from trading.

    The truth is, that a greater proportion of my pupils are trading successfully than ever before. Easily, more than 25 of those 50 traders are currently ending every week with positive pips. The number is likely closer to 40 or 35.

    People constantly ask mewhat's the key to success? And they are told by me. Then I tell them . Then I tell them . But hardly anyone listens. Maybe I do not say it loud enough. Or frequently enough. Or angrily enough. Perhaps, finally, more of you are currently listening than previously. So I wish to have a moment and remind one of the things you may understand about trading.

    1. Find and focus on egy, egy, or ONE trading platform. Buy it, borrow it, invent it I do not care. If you are not keen to do #1, then stop reading this and go play. Please, if you are not focused on 1 platform, then take action. Do it now. You will not be successful until you focus. If you do not know what to focus on, and you are just 1 on 1 student, then browse my chart analysis, and focus on support and resistance, and nothing else. Focus on channels and redline trades. I promise that you can learn this. You Have to focus.

    2. Never violate the rules or methodology of the system, As soon as you've got a system or egy. Take the channel trading I do, for instance. There are only a few ways to use those channels -- redline closebreaks at the direction of the channel's slope; fibble closebreaks at the direction of the channel's slope; Winnipeg Specials. That's nearly all I really do. As soon as you have the system in place, then wait to your installation. Never jump in before your installation.

    3. Never complain. If you are wondering if you can do this, if you neglect yourself, if you think support and resistance is difficult for you, then do this: get a job working on a farm, milking cows or shoveling manure. Or go work for some boss at some crummy cubicle for 12 hours every day, 45 minutes from the house. Or go work for a fast food chain. Is that what you need instead? Listen: driving a car was not easy at first. Learning wasn't easy at first. The best traders I've worked with all stopped whining and decided they would be successful and they would not let anything get in their way. In case you've got an attitude problem, then fix it now.

    4. Refer to #3. Here are the major complaints that I hear. First, that drawing support and resistance is discretionary. My answer: No duh. Start practicing. Send your charts into a friend, to me, to as many people as possible. Trade charts back and forth for a month and see if it is still”optional” Second complaint: that you do not have enough time every day. Well, you know what? The trader I've ever worked with, who's presently helping to manage money with me and Max, he didn't have time either. He functioned from 8pm every night literally slept at his desk and waited for trades to trigger. After sleeping and trading on and off, he went to work selling cars. Then he went to work, and got home, at quickly. He created pips each week. No whining. Only performance. Then you need to make sacrifices if you want to do this for a living.

    5. Clean up your life. Eat better. Talk and think kindly of others. If you are hurt by someone, then do something kind to them . Forgive easily, including yourself. Cease close associations with people that are negative, who complain or who seem never to be in a position to be happy. That is all part of living with subject, which is the simplest way to get exactly what you want in life. But here is the ch: gaining discipline may be one of the hardest things. Please be aware that if you are a vengeful person you will bring meanness and vengeance back to your self, in your relationships, in your health, and on your trading.

  5. #5
    Junior Member naayrayu's Avatar
    13
    Excellent stuff Robbooker! Thanks for sharing.

    Personally I also know that great, powerful affirmations help turn any negative subconscious programming about. After all, what we think about ourselves affects our trading, along with the negative stuff is just damaging BS (which also stands for Belief System!) .

    Affirmations could be developed by anybody by writing down the BS you come up with if a trade'goes wrong', and then writing down the contrary belief, in the present tense, and saying it to yourself over and over again - while exercising is great - until it begins to sink in.

  6. #6
    Junior Member galicay_shore's Avatar
    1
    Considering some of my beliefs have been outlined on these articles, I thought that I would contribute something to this thread. Sorry for barging in if I am not adding anything . However, to start:

    1. I think that focusing on following your system -- and not on cash -- makes a difference.

    2. I believe that the Canaletto restuarant in the Venetian has the best pizza around the Las Vegas strip.

    Ok, on to some points I made in my entire year 2006 preview. This is a very long article, but it will clarify my thought process.

    How to be a much better trader right now

    I've something I wish to get off my chest, and though many of you will feel that this more of the same from me, I really would like you to try this. It's important.

    From the past 4 months, I've worked with approximately 30 traders at the web-based coaching and the other 50 traders at the live training. These traders are from every continent around the planet. They're from all different economic and backgrounds. Some had trading expertise. Some didn't. Could be failures. There was one in particular that I specifically regarded as totally unfit for trading, and that person has become the 2nd trader of this year -- and is making a living from trading.

    The truth is, that a larger percentage of my pupils are trading successfully than ever before. More than 25 of those 50 traders are finishing every week with favorable pips. The number is likely closer to 35 or 40.

    People always ask mewhat's the secret to success? And I inform them. Then they are told by me again. Then they are told by me again. But hardly anyone listens. Maybe I really don't say it. Or enough. Or angrily. Maybe, ultimately, more of you are currently listening than ever. So I wish to take some time and remind one of the important things you can understand about trading.

    1. Find and concentrate on egy, egy, or a single trading platform. Buy it, borrow it, invent it. If you are not willing to do #1, then stop reading this and go play. Please, even if you are not focused on 1 egy, then take action. Do it now. Until you concentrate you will not be successful. You're just 1 on 1 pupil, and if you don't know what to concentrate on read my chart analysis, and concentrate on support and resistance, and nothing else. Focus on channels and redline trades. I promise that you can find out this. You MUST focus.

    2. Never violate the rules or methodology of that system, As soon as you have a system or egy. Simply take the channel trading that I do, for example. There are only a few ways to use those channels -- redline closebreaks at the direction of the station's slopeclosebreaks at the direction of the incline of the channel; Winnipeg Specials. That is nearly all I really do. Then wait patiently for your setup, As soon as you have the system set up. Never jump in ahead of your setup.

    3. Never complain. If you are wondering if you can do this, if you doubt yourself, if you believe that support and resistance is hard for you, then do this: get a job working on a farm, milking cows or shoveling manure. Or go work for some boss at some crummy cubicle for 12 hours a day, 45 minutes from the residence. Or go work. Is that what you need instead? Listen: driving a car was not easy at first. Learning wasn't easy at first. The traders I've worked with all stopped whining and determined that they would be successful and they would not let anything get in their way. If you have an attitude problem, then fix it.

    4. Refer to #3. Here are the major complaints that I hear. First, that drawing support and resistance is optional. My response: No duh. Start practicing. Send your charts to a friend, to me. Trade charts back and forth for a month and see if it is still”discretionary.” Second complaint: that you don't have sufficient time each day. Well, you know what? The best trader I've ever worked with, who is now helping to manage money with me and Max, he did not have time either. He worked from 8pm each night, then literally slept in his desk and waited to activate. After trading and sleeping off and on, he went to work selling cars over the course of the day. He then went to work, and got at quickly. He created more pips every week. No whining. Just functionality. If you would like to do this for a living, then you need to make sacrifices.

    5. Clean up your life. Eat better. Talk and think kindly of others. If you hurt, then do something kind to them in return. Forgive easily, including yourself. Stop relationships with people who are negative, who seem never to be in a position to be happy, or who complain about other people, who put others or you down. This is all part of living with subject, which is the easiest way. But here's the ch: gaining discipline can be among the most difficult things to do in life. Please be aware that if you are a mean person you are going to attract meanness and vengeance back in your relationships, in your health, and in your trading.
    Thank you rob.

  7. #7
    The reality is most people cant or wont. And there's your 95%


    4. Refer to #3. Here are the major complaints that I hear. First, that drawing support and resistance is discretionary. My response: No duh. Start practicing. Send your charts into a friend, to me, to as many people as you can. Trade charts back and forth for a month and then see if it's still”discretionary.” Second complaint: that you do not have sufficient time every day. Well, you know what? The trader I've ever worked with, who's now helping manage money with Max and me, he did not have time either. He functioned from 8pm every night literally slept at his desk and waited to trigger. After sleeping on and off and trading, he went to work selling cars. He got at and went to work. He created more pips each week than anybody. No complaining. Only performance. If you would like to do this for a living, then you need to make sacrifices.

    5. Clean up your own life. Eat better. Speak and think of others. If you are hurt by someone, then do something kind. Forgive easily, for yourself. Stop close relationships with people who are negative, who whine about other people, who place others or you down, or who appear never to be in a position to be joyful. This is all a part of living with discipline, that's the simplest way. But here is the ch: gaining discipline may be one of the most difficult things to do in life. Please be aware that if you are a mean, vengeful person you will bring vengeance and meanness back in your relationships, in your health, and also in your trading.

  8. #8
    I realise a lot of you're new to trading and most of you are used to simple stuff you get when you buy the infamous 49 dollar ebook. Trust me when I say that for the huge majority of you your stumbling over dollars hoping to get to pennies. The reason is FOR THE MOST PART YOUR TRADING LIKE EVERYONE ELSE BECAUSE THATS ALL THEY KNOW, AND BECAUSE THATS ALL YOU HAVE BEEN EXPOSED TO. WHAT ELSE ARE YOU GOING TO DO. IF YOU KEEP DOING IT YOUR MOST LIKELY GOING TO END UP BROKE AND BITTER LIKE ALMOST EVERYONE THAT TRYS THIS BUSINESS. Mean lazy and dishonest people are a dime a dozen. You are or your not. The reason I respect rob booker isn't just because he edues good stuff its because he is the real deal on the interior. He will tell you the facts not or whether you give your cash to him. You see everyday to say the least. Rob booker isn't succesful because he will teach you to win because he does the right thing when nobody watching and those sort of peoiple aren't a dime a dozen. It has nothing to do with relegion it comes what goes out comes back and taking notice of it and adjusting and improving your life in places. Crap out crap in. jim

  9. #9
    Junior Member Dovahkiin92's Avatar
    22
    Agree completely. I believe that you and rob are a couple of the best mentors I have come across.

    I understand most of you're new to trading and many of you are used to straightforward things you get when you buy the notorious 49 dollar ebook. Trust me when I say that for the majority of you your stumbling over dollars hoping to reach pennies. The main reason why is FOR THE MOST PART YOUR TRADING LIKE BECAUSE THATS ALL YOU HAVE BEEN EXPOSED TO, AND EVERYONE ELSE BECAUSE THATS ALL THEY KNOW. WHAT ELSE ARE YOU GOING TO DO. LIKE ALMOST EVERYONE THAT TRYS THIS BUSINESS, IF YOU KEEP DOING IT YOUR MOST LIKELY GOING TO END UP BROKE AND BITTER. Mean lazy and dishonest men and women are a dime a dozen. You either are or your not. Why I honor rob booker is not just since he teaches good things its because he is the actual deal on the inside. He will tell you the truth not or whether you give him your cash. You see everyday to say the least. Rob booker is not succesful since he can teach you to win its because he does the ideal thing when these sort of peoiple and nobody watching are not a dime a dozen. It has nothing to do with relegion it comes from personal experience that what goes out comes back and taking notice of it and adjusting and improving your life in areas where you know you want to. Crap out garbage in. jim

  10. #10
    concur completely. I think that you and rob are a couple of the greatest mentors I've come across.
    thanks iso

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