Even if you could automate your trading, this behavior would interfere time to time and end up with a loss in the end. The answer is not some new trick, but a deeper understanding of what you want, how you think and why you react in different situations. The goal in trading is to be clear about your trading, before you actually trade. The next goal is to be so clear and small, that any trade or any day doesn't make you emotionally involved. And then you have to be self-aware enough before you start your day with trading, that your circumstances are not going to interfere with your trading plan. So many (losing) traders are just to focused on their systems, they do not realize that the biggest system they need to work on is their own habits, feelings and awareness about themselves. There are people that are naturally wired towards trading. Most people are not. That is why most do not make money, even if they have system that would make money. At every party, I hear the same comments. If I just followed my trading system, I would make a lot of money. If I say: Well, why don't you? Everything comes up and it is all about things outside themselves... Never about attitude control or self control. There is saying: You can reach self-awareness through 20 years of living in Tibet or by you learning to trade the SP 500 profitable.
Good Morning danielc1, Very well written. Very true. Unrealistic expectations in trading leads to traders struggling with a system or without.
That's the case with all of us, and if anybody tells you that they don't feel that urge they are lying to you. It will be solved though with experience and time.
%% Good help + rebuke. 1] Looking @ charts a lot + then some more, may help. I still remember my hi probability JAN trade loss where SPXL topped $150 area; i could have tuned that big loss in to a disaster by adding to a loser....... Of course the inverse SH buyer$ made money when i lost that\ JAN, so live + learn. 2] MOST can make money @ something, a job/ business...... ; i almost bought a copper ETF this week . Instead sold some cash copper .i get part of bid\ask + get the manage fee, profit myself...... 777 ] Like Dave Ramsey says ,plan on paper, on purpose.
%% Could be worse. Some drunk in the news, ignored the ''Do Not Approach Wildlife-bison Sign'' He got injured + arrested after kicking the beast.[The Guardian + USA Today] 2] I do like busy hands+ written plan
One thing that fueled the fiasco was all the things I "learned" from other traderz. Books were eventually burned when I recognized who my real enemy was....
Obviously you don't go to church where you're forced to sit still for hours, hehehe. Actually most churches arent like that anymore, but when I was a kid the one we went to was like that, no clapping, no laughing, no hollering out, you just sat quiet and still.