I'm losing money and can't stop. How do you be patient?

Discussion in 'Psychology' started by jinxu, Jul 26, 2016.

  1. with a rubber doll strategy?:D demo money?
     
    #111     Sep 24, 2016
  2. d08

    d08

    It's not what you make, it's about what you keep.
     
    #112     Sep 24, 2016
    smallStops likes this.
  3. GotherL

    GotherL

    Seeing how much & how impatient you like to talk about winning money. Your claim that your making $700 per day doesn't sound at all convincing right now. I don't know if you realize that making $700 or $3000 once, twice, perhaps a couple of times and whether or not that included down days is vastly different than making it day by day on a consistent basis. But anyways, that's really your business. (I am not here to interrogate you or anything!)
     
    Last edited: Sep 24, 2016
    #113     Sep 24, 2016

  4. There is something wrong with this statement.Make hay whilst the sun is shining ,but sun does not shine everyday.
     
    #114     Sep 24, 2016
  5. mlawson71

    mlawson71

    I am willing to believe it, but I'd also like to see some details. Share your strategy, at least?
     
    #115     Sep 27, 2016
  6. GotherL

    GotherL

    Anyone who is making serious money is not gonna let you in on their secret. Nice try thou. Besides, he is being extremely incoherent in his replies which gives me the feeling he is either making a ton of bucks or not nearly enough to support his claim.

     
    Last edited: Sep 27, 2016
    #116     Sep 27, 2016
  7. mlawson71 best way forward would be to get a journal going : this would help him get his trading "frailities" out and find what needs to be improved. The truth is, even his method would be turned into a winning method into the hands of any good trader.
     
    #117     Sep 27, 2016
    mlawson71 likes this.
  8. jinxu

    jinxu

    You're definitely right. Also what happened to the career trading forum?

    Anyways an update. Today was a big epiphany day. Made $400 in the morning using my swing trading method and lost it all at work day trading and revenge trading. If had kept the swing trade would have been a huge $800+ profit.

    Making the realization that I sucked really bad as a day trader but swing trading I may have potential to do well with. My question how does one handle the patience and wait in swing trading for the perfect setup to appear?

    My big losses are consistently occuring due to my day trading and being at work. I cannot consistently monitor the market at work so at work swing trading is not possible.

    Will be leaving job in 1 month.
     
    #118     Sep 30, 2016
  9. Overnight

    Overnight

    That seems to be the issue here. You are distracted by trying to daytrade while at your usual job. Bad juju.
     
    #119     Sep 30, 2016
  10. i960

    i960

    If you're having trouble learning how to be patient swing trading then that's your problem, not your job.

    You don't leave a job because you can't figure out how to do anything other than day trade due to psychological issues. That is right ass backwards.
     
    #120     Sep 30, 2016
    slugar and Overnight like this.