consistently trading at wrong times

Discussion in 'Psychology' started by mute9003, Sep 27, 2020.

  1. mute9003

    mute9003

    so the good news there is consistency in my trades. very high
    the bad news its backwards


    i manage to buy right before major dip
    and sell either on same day or days before major spike on that stock..

    i also noticed that a highly volatile stock literally flatlines when im holding it(not as consistent anymore since i buy and sell less frequently.

    i started trading last year and even though i have been reasonably successful in not losing money overall (before the most recent purchase and dip i was at over 135% of total profit since begining of trading.
    but at the moment im in negative
    small acount (was up to 4300 last week now back down to 3000)
    i had a major dip in my account few times and thankfully read about loss management so i didnt freak out aand handled it pretty well. waited out and made money after.

    i do manage to recover by simply holding until it goes back up which takes months sometimes

    im trying to figure out what im doing wrong so i can keep the same consistency but reverse the polarity of my decisions so i buy and sell at the right times instead of wrong times lol
     
  2. maxinger

    maxinger

    Please write clearly.
     
    DevBru, yogi_trader and Bad_Badness like this.
  3. MarkBrown

    MarkBrown

    you need to learn how to spot extremes
     
    murray t turtle and CALLumbus like this.
  4. kandlekid

    kandlekid

    Well, remember what Seinfeld said "If every instinct you have is wrong, then the opposite would have to be right."
     
    Jones75, orbit23 and formikatrading like this.
  5. Turveyd

    Turveyd

    Dios happen you can't really predict the markets 100% or even 50% just got to take losses on the chin and move on.

    Bail and go elsewhere has risks.

    Downtrend current!y so better off cash and wait, but ofcourse might be the end of the downtrend then you've missed out.

    It's never easy, which is why I intraday trade/scalp.
     
  6. virtusa

    virtusa

    Seinfeld is an actor and has no clue about trading.
    And if you believe his statement, you have no clue about trading too.
     
  7. zdreg

    zdreg

    What do you know to make a seemingly clueless remark?
     
  8. Turveyd

    Turveyd

    Someone made a flippant comment and virtumuppet, took it seriously as no understanding of humour I see LOL
     
    DDR likes this.
  9. MarkBrown

    MarkBrown

    first off what market are you trading, that will give some insights.
     
  10. virtusa

    virtusa

    If it is a seemingly clueless remark to you, it means you also don't understand it. Things you don't understand are always clueless for you.

    Instincts can be wrong, but they can also be right. There is not such a thing as an instinct that is alway wrong. So instinct can never help you to become profitable.
    Replacing your trading system by instinct is just replacing one uncertainty by another.

    You could make the same remark towards kandlekid who posted that Seinfeld told it. If it was a seemingly clueless remark he should not have mention Seinfeld.
     
    #10     Sep 28, 2020