confidence ?

It's super normal to feel that mix of doubt and anticipation before a trade. It shows you’re thinking critically, which is crucial in trading. But if those doubts are freezing you up, maybe try refining your strategy or diving into more research to boost your confidence. It’s all about playing the long game and keeping those emotions in check.

 

Totally agree. Refining the strategy and researching more can really help build confidence and control emotions.

 

It's not easy, but it works. The hardest part of it all is consistency.

 

No matter how confident you feel when opening a trade, you should always set stop losses and trade according to money management rules.

 

Indeed, strategy and research are the keys to confidence. But, as I’ve mentioned before, the hardest part is staying consistent. That’s something I’m constantly working on myself.

 

Without risk management, all these efforts can be in vain. That’s why I always recommend focusing on setting clear stop-losses and sticking to the rules. Do you have any specific techniques or tips that help you in these areas?

 

I'm curious how you came up with 0.18%. Did you just work backward from the goal of 50% a year, or is there some other reason? That's about where I'm at now, trading futures, but I'm hoping to size up gradually over the next year, and I was thinking I'd let it get as high as 3x that eventually.

 

Coming up to five decades of trading, don't remember when I lost feelings. Trading plans is like building tall skyscraper, have to know from below building ties to wind strength, building sway etc. Most don't spend years to figure out all the answers before the question arises.

Always making refinements to reduce risk and drawdowns. All we can sort of control is risk, so have to become an expert at it cause it is your money.

 

I have already mentioned setting stop losses. Also, when the price goes in my direction and certain conditions from my trading strategy appear, I always move my stop loss to breakeven. This way I eliminate the possibility of getting a loss on the deal if the price still turns against my position.

 

I totally get that refining our approach helps us manage risks better. I believe having strategies and implementing them are two different things, especially during tough times when it’s hard to control emotions. Over the years in trading, we learn to manage those emotions, refine our methods and build confidence!