keyser, You need to feel good about executing your system. You need to associate a good job with that duty alone. Profit will come as I assume you have a good system. If you cannot master this consider auto-trading. Michael B.
Hi Michael, Auto-trading? Sounds good. Do they also send the profit direct to you? LOL. Where can we auto-trade?
that is what I use and make sure to allocate your 'loss' amount accordingly, say to yourself I am willing to lose $100 today then pull your trigger put in $100 stop loss and watch your 'goal' come true.
have a loss expection. and hope for the best. learn to take profits. if you don't, someone else will take it from you. :eek: never the other way around!
good one I used to do that. If I had a $10000 account and my stop is $500. The moment I am in position and place my stop loss. I look at my current statement $10000 - $500 = $9500. I will tell myself my account TODAY is $9500 and if it is anything more than that it is a BONUS to me. I used to trade with couple of friends. I follow a mechanical system like I always say I expect to lose but hope to win. My friends always call me nuts and ask me why trade when I expect to lose. I only told them system is system my system is not 100% win there is always losing trade and I don't know when is the losing trade the only way is to expect and prepare for them. It work really well for me, even now I am still using this principle. The other way is look at your Max drawdown and Max consecutive losers. Example if Max drawdown is $3000 and Max consecutive losses is 5. I always tell myself my first $3600 (20% more than max drawdown) will be gone the moment I start trading. Sometimes I wait for the system to hit 1 loser before taking the next trade. So the moment I start the system I would expect lose lose lose lose lose. Over the next 5 trade if I ever hit a win (very likely) it would be a bonus. Hope it help keep us update on your progress