I tried my hardest to ignore you until you just wouldn't shut up. You think you have authority *laugh emoji *laugh emoji *laugh emoji
If I were to pick one flaw with my trading psychology at the moment... It's that I would never be satisfied. Let's say I "shot for the moon" and was successful/lucky once and made a quick $80,000 in 3 seconds... That's more than an average salary in the USA in 3 seconds, but I wouldn't be satisfied. I'd keep trying for more and more and more until the law of averages says eventually I will lose. I need to find a good balance between hedging risk but not hedging it so much that it takes away from potential gains.
First and foremost you should listen to your own intellect. As far as I'm concerned, listen to me or don't listen to me... I don't care. My bot has been basically printing money and so I couldn't care less. And finally, I don't want to even try speaking from a position of authority, just from experience.
Either way, I'm going to start getting some real "skin in the game" soon but not with 100 contracts, I'll put in 3 and just do a simple strategy. It will be boring and basic and I'll even outline it here. Having real money in the market and at risk will motivate me to improve strategy quickly rather than spending eternity thinking of the endless strategy possibilities.
The news always sets the tone for the rest of the day. Also remember you don't have to be right 100% of the time to make a profit. Technically, you only need 51% (minus fees).
So for those at home keeping score, that would make it a few times + 1. Don't start counting your 2nd mill just yet.
It is so common for those who've accomplished much in other endeavors to think it is just about automatic once they try trading, and especially if they have early success. I happily welcome them.
I've already failed in trading from 2019-2022. Only started having success in August 2022 until the present.