As a beginner consistent trader...

Discussion in 'Psychology' started by Leob, Nov 27, 2021.

  1. Leob

    Leob

    I'm in a worst mental confidence state of mind after I'm up 1200$ after 10 minute..
    I can't trade. Im afraid to fail. I'm very attached to my profits after realizing. No issue with keep with the move. Why? Can this limitation can be improved.
    In a way I understand where it came from..
    30 years 9-5 job and after 5 years.. I have my move in intrady day scalping, it's a issue to me I guess.. kind of hard to accept, that I'm fucking ,just do it.
     
    SimpleMeLike likes this.
  2. You're a fucking!
     
  3. GotherL

    GotherL

    Consistency is called running good when your a beginner.
     
  4. rb7

    rb7

    In trading, afraid to fail is far better than the reverse.

    If you did 1200$ or so in 10 minutes and are afraid to lose it, then just stop trading, and your day will end up 1200$ in profit. There is nothing wrong with that. There are a lot of guys here who would be really happy with that.


    (Well after re-thinking, maybe you just mentioned that to show us how good you are...;-)
     
    twstn, johnnyrock, Nobert and 2 others like this.
  5. you are only 30 years old, do not worry too much. Design a rule and follow it. Train yourself as a robot
     
    persistence likes this.
  6. Leob

    Leob

    No, it's true.
    In my journey every time I tackle in issue I moved to demo. This emotion not popup under demo
     
    Nobert likes this.
  7. Leob

    Leob

    30 years 9-5
    55 Y.O
     
  8. GotherL

    GotherL

    I have read 30 years doing a 9-5 job.

    That's pretty rough!

    I hope he knows what he is getting into...
     
    Leob likes this.
  9. easymon1

    easymon1

    When you are in demo what part of your Plan do you apply in order to handle situations such as the trade management situation outlined in the OP?

    A tip of the hat to Robert Morse for his post from which this was lifted,
    1 -What triggers a buy or a sell to open?
    2 -What triggers an exit?
    How do you size your trades?


    What would you say belongs in a solid trading plan?
    https://elitetrader.com/et/threads/...solid-trading-plan.340340/page-4#post-5031706
     
    Last edited: Nov 27, 2021
    VicBee and Leob like this.
  10. deaddog

    deaddog

    Follow your plan.
     
    #10     Nov 27, 2021
    SimpleMeLike and Leob like this.