Main Idea Thread - The NEW R.I.C.H. Trader (formerly R.I.C.H. Crypto)

One thing about being in the UK thats frustrating is that the laws are strict for things like trading bots. I remember running stage 4 vibes and after persistently backtesting strategies on trading view, then found out i couldn’t do it :confused:

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A trading bot will need constant adjustment to meet ever-changing market conditions. Unless you have solid technical skills in manual trading it would be rather difficult to program a bot profitably.

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for certain ones like grid bots yes

I have to chime in here about Mark Douglas, especially “Trading In The Zone” which is a book that virtually everyone recommends. I’m never popular by saying this but even Mark Douglas himself said the last couple of years before he passed that he was writing a new book because “Trading In The Zone” didn’t teach you HOW to overcome your problems. And if you read it, it doesn’t. lt tells you WHY and in detail but never gets into the HOW.

I bought the book when it was fairly new and after finishing it I was asking myself, “but great, where are the lessons, exercises, etc to overcome the problems?” It’s not to put Mark down at all, he was good, but the book was still fairly early in the trading psychology movement.

I highly recommend spending the time and watch these two series of Mark Douglas Seminars/Programs he did just a couple of years before he passed.

They are fairly poor quality as far as video but well worth watching and studying. If you can actually find the DVD’s they can be fairly expensive. These seminars get to the meat of what he taught to his private clients and what his “New” book was going to get into. Unfortunately he passed away and the book wasn’t finished.

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Niice, yes Mark Douglas, Trading in the zone, which I’ve listened too 3 times is basically a compilation of good trading habits. But it’s a very good point that he doesn’t go into details regarding the how!

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I have been expanding on that “Winner’s mindset” in my mind this weekend.

I think that’s why RT also have to have good support for all around good trading as I presented in my earlier “recap” post.

In the long run, a winner’s mindset is embodyed.

The studying, the learning, etc. as seen in limitless, beyond limitless and I guess ASBR to some extent.

The risk taking and instinct feeling as seen in Primal (no idea why, but I notice Primal tends to be involved in my stack when I’m in a winning streak, correlation maybe?) - maybe Khan and Beast Unleashed. Look at this study here : Testosterone levels predict City traders’ profitability | University of Cambridge
This could explain why Primal seems to help me with trading, both way Winning <–> Risk Taking, which is influenced by testosterone, but winning and taking risk also boost T. The association with risk and testosterone is found in both male and female, so the hormone seems to have the same effect in the body for everyone.

Then, the focus, discipline, mental resilience (emotionnal management) is also part of developping that winner’s mindset. If your emotionnal state goes crazy, even if you think you are a winner, your judgment will be clouded, you’ll see chart in a way that support what you want to see, probably by greed and you’ll lose some solid money. The goal here is to balance the risk taking (being ready to take risk) with an unbiased and focused analysis that is compeltely neutral, not affected by what you want the market to look like. - Think Hero Origin’s mastery also is something I wanted to add. I think the module Stillmind was made from it, but it’s only part of it.

Rich Trader needs to cover it all! Helps the user build a solid structure and that structure will also support all the winner’s identity, as well as the flow of money being manifested.

Whether you want to succeed in business, sports or trading, the skills, routine and emotionnal management will all be part of building that success, RT needs to support all of that.

EDIT : @SaintSovereign Your latest reply in the main thread is a good example of how emotions and beliefs can influence interpretation of facts into different meanings.

I know you have high interest for linguistic, so I thought of this example to show how a trader needs to be neutral to make good decisions and be clear minded, especially in high pressure situation.

Like one’s interpretation of words is biased by their beliefs and emotions, one’s interpretation of a trading chart is also biased by their beliefs and emotions.

Apologies @Judoka for putting you on the spot, I might have interpreted your comment too matter of factly. I just found it was a perfect example to illustrate what I was explaining in this thread, using a topic SaintSovereign enjoy.

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Wow, thank you for mentioning this.

I’ve recently increased my testosterone, and now with your words, it makes perfect sense. I can move forward, have more appetite for risk, entering with more determination, discipline, and accepting the result.

I believe this is fundamental; it helps with performance and makes you more lucid in the present moment.

It would be incredible if I had this support!

GAINS#

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Comfort with risk leads to less stress, better decision making and overall more money.

The researchers hypothesized that too high test could make one take waaaay too much risk hahaha

So Rich Trader should have part focus on risk taking. It’s part of the game.

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Dont know anything about trading but anyone see anything recently by what that filth sptein said about trading (may he burn in hell)

I have found bits and pieces :

https://www.instagram.com/p/DURFIbJEj0Y

The first clip confirms the “killer instinct”, “gut feeling” or “sixth sense” of trading.

Second clip is more general. I think the full interview would be interesting.

In the first clip he literally describe what I mean when I talk about killer instinct or sixth sense (not supporting him, he’s a real POS, but he still has experience with the markets) :

Jeffrey Epstein says the best traders act on intuition they don’t fully understand

"If you talk to really experienced and successful traders and you ask them how they know what’s going on, they can’t give you an answer. They don’t know.

They feel it. They can feel the way the market’s moving. They can feel the way the stock’s moving. And that these are not very well-defined terms.

Great traders feel it and then act on their feelings. That’s the difference.

Many people feel it but are afraid because they want a mathematical justification before they take that trade."

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Would recomend watching some of his other post too.

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Well worth sharing. Thank you for posting it.

I just saw this posted by @SaintSovereign concerning the upcoming R.I.C.H releases, including RICH Trader and why they have slowed down the release and also updated the new listening protocols

Woo hoo. I’m literally a few months away from being ready to run the new RICH trader because I’m doing serious work on my core, but this is exciting news indeed.

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We about to eat good with this new rich update.

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Amen to that. I knew it had to be something really good that they decided to rewrite the script (it was mentioned before Christmas that it was finished and they needed to write the copy).

I am new to SubClub but also know that they’ve been working towards ZPU for a while. Add that with the new scripting technology and man, we will certainly be eating good with the new RICH Trader. :slight_smile: :fleur_de_lis:

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Iv heard reviews of the old r.i.c.h having people get money in random strange ways out of nowhere lol

Cant imagine new zpu rich

Just randomly wake up with extra money in the bank

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Very good, I guess scripting also to manifest the right strategy, or create one’s own strategy (which often ends up this way honestly).

Edit : Showed this to my buddy who has trading as his only source of income and he basically confirmed.

Finding a winning trading plan makes psychology and all else way easier.

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R.I.C.H. Trader any day now … I’m on my current stack for at least 4 more months and maybe even 6 months, but I’m looking forward to this.

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This is the second time in the last couple of weeks that @SaintSovereign has mentioned a stack with the upcoming RICH Trader, and this is the stack that I will most likely use when I start using RICH Trader in a few months.

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Last year I’d found a brilliant way to draw demand zones/ support.

Basically set an RSI from 14 to 4, take out the moving average.

On the daily, mark each point when the rsi touches or dips below the oversold line.

Next use the candle wick on each marked point as the zone, draw a box on the wick of the candle and make it fill left to right.

Basically, it’s demand zones based off of mathematics rather than just using your eye. Marking points when price reversed.

Great stuff

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