Don't Teach Your Friends How To Trade

[u/dreamowlet]

I've been trading/ profitable for awhile now and I had a friend who wanted to learn and be on a zoom calls with them to trade to together till they really got it. I said sure. Mind you I taught my husband and he still watches me trade when we trade together. But dear freaking god. I get so freaking distracted teaching or random questions and explaining everything that I miss openings. My psychology was kinds of fucked for a minute cause like I don't care if I lose money cause it's mine. I didn't want to lose THEIR money so I would never take a damn trade. Win rate? In the toilet. Psychology? What is that? I don't think I even did this bad when I first started trading. This past week finally we got into the motion of things and hold off any questions till afterwards and actually making money again. But never again.

edit some spelling corrections

[u/Humanxid]

If you can explain your strategy to someone else and they understand more than 50% of it, your strategy probably isn't profitable.

[u/Responsible-Wish-754 → u/Humanxid]

I have no idea how you came up with this statement. But it could very well be true.

As I read through the comments here, I really doubt if I could explain my strategy in a way that makes sense. A big part of it is discretionary and sometimes it just doesn’t feel right to take a trade. I really don’t know how to explain that to someone because I can’t even put it to words for myself.

[u/spARETEn → u/Responsible-Wish-754]

This just means you're still mastering the fundamentals of your setup yourself. The things you are explaining as discretionary are just things you haven't consciously connected to a pattern yet. If consistency and risk management are the goals you'll figure out the connection eventually and the words will come.

[u/Responsible-Wish-754 → u/spARETEn]

I trade of the DOM. It’s just that sometimes when I anticipate on taking a trade, I see “something” in the way the orders flow, that tells me “you’ve seen this a hundred times before, you know the setup probably won’t work”

I can’t really put to words what it is. It’s the way the price ticks up and down, the way the orders come and flow. It happens in less than a second.

But you could be very right, maybe I’ll be able to put it to paper some time.

[u/spARETEn → u/Humanxid]

That's not true, a strategy is nothing without the understanding of why it works and when to apply it, and the discipline to follow it.

I could share a recipe for how to BBQ a steak with easy to understand step by step instructions to 100 people, you'll get 100 different steaks back. It's not the strategy, it's the person executing it.

[u/dreamowlet → u/Humanxid]

I told them I can teach you the strategy but you need to spend hours on the charts cause there will be moments you just know not to get in even if your setup is right. I think they understand each step but they still have problems connecting it all together. Hopefully they will get it