leaving profit on the table...

I mean you came in here asking questions you already know the answer for, that you already answered yourself. How can we take you seriously?

But yes I would say you are being greedy by thinking about the money left on the table. Lose the greedy mentality and you will do better trading

 

It goes back to focus on the process not the P&L.
If you find you are leaving too much on the table, change the process.

 

“Old Baron Rothschild’s recipe for wealth winning applies with greater force than ever to speculation. Somebody asked him if making money in the Bourse was not a very difficult matter and he replied that, on the contrary, he thought that it was very easy… "I will tell you my secret if you wish. It is this: I never buy at the bottom and I always sell too soon.”
― Jesse Livermore, Reminiscences of a Stock Operator

 

Not always. Sometimes all someone needs is an attitude adjustment and they will make better trading decisions. The market doesn't have to work with your plan. I've found the less greedy I am the more I win.

 

Hello Jdesey,

No, I do not have this problem because "leaving money on the table" was invented probably from a lying ass scamming Trading Teacher.

"Leaving money on the table", LOL, just read how that sounds. It makes no sense.

Do not believe all the trading stuff you read in books and Youtube.

Obtain your own Trading Degree, developed by yourself.

 

damn you. damn you to hell!





They will never know to whom it was addressed! mu hahahaha.

 

I struggled with this. Until I did two things:
1) Focus on good trading principles as in following the rules for exit and realize that in the moment you took the right decision. It is not about the monetary, it is about sound principles and making the decision on the information you have NOW.
2) have scale out exits with different thresholds. A target 3r for part one, a trailing stop for part 2 and a big picture exit that only exit if there is no reason to be in the direction for part 3.

The trade of is watching your third part go all the way back to zero after being in big profit.

 

I keep forgetting how many people here print money day after day that they don't even care how much money they leave on the table because they are so good at trading that the next trade they make is nothing but more unlimited free money gains....

 

Worrying in the middle of a trade is a sure way to poor house. After, it's too late. Before, it's a plan.