when i go over my trades i have no problem identifying patterns, they are very easy to see obviously in retrospect. but when imlive trading i dont even see the simplest most basic patterns forming i feel like my self sabotage is showing up in blocking my ability to see patterns forming.. wtf do i do with that lol how do you get rid of self sabotage in trading? also any advice on reading charts that are forming..(maybe its not self sabotage maybe im just missing some important piece of knowledge that changes how i look at the charts)
Why don't you explain what it is you do? Walk us thru your process and explain what it is you see and what you are looking for.
Just in general This for example Its ey to chart when its formed But how do i spot this when its just forming is there like a confirmation of a pattern that is forming that im missing or can yall post the process you use maybe im missing a step Luke what do you do when you look for patterns when live trading
I won't be much help as I trade off weekly and daily charts. My process is as a pattern sets up I form an opinion of what I expect it to do. If it doesn't do what I expect, I get out of the trade and wait for another pattern.
Do you self sabotage, 9003? Why? If you can not give yourself permission to win, then go do something else. If you can... Do you have names for your "patterns"? Can you name any that you use? What are they? How to trade patterns - https://elitetrader.com/et/threads/interesting-search-terms.365486/page-9#post-5736270 How to trade support and resistance - https://elitetrader.com/et/threads/interesting-search-terms.365486/page-5#post-5606678 Guide to Patterns - https://elitetrader.com/et/threads/...he-time-post-em-up.369835/page-5#post-5736273 ...and what you really want to know prolly, lol - How to trade pump and dump stocks - https://elitetrader.com/et/threads/interesting-search-terms.365486/page-9#post-5735792
Seriously, you expect to do your chart analysis and trade on a phone? It's no wonder you can't see things straight. Also what you've shown is just any ordinary breakout. There is NO CONTEXT. What is the breakout level based off of? Was there a similar level of resistance in the past?
Before sinking time into your request, a Question if I may: How do you feel about rules based trading? While you digest that question, here's something to do... on the chart that you attached, Look at your second marked breakout. Now compare that to minute 34:43 on the linked vid... - https://elitetrader.com/et/threads/...he-time-post-em-up.369835/page-5#post-5736273
if u see the trend already, u are already too late....the trick is to get in before the trend. place your bets, manage your risk, and only time will tell. btw, do you have a trading journal? you should have a strategy when to enter and exit etc. if not, go find one or develop your own.
Hey 9003, where did you get the idea to look at that particular stock? https://elitetrader.com/et/attachments/screenshot_20221010-110343_webull-jpg.302224/