Mistakes I try to overcome

Discussion in 'Psychology' started by Geo, Feb 4, 2021.

  1. tayte

    tayte

    I like your attitude. Not sure what you're trading, but if it's energy or grains, PM me and I'll give you some detailed pointers that had helped me along the way.
     
    #11     Mar 6, 2021
    Geo likes this.
  2. maxinger

    maxinger


    You are heading in the right direction.
    Keep it up.

    I always remember these things :

    my trained mind practitioner :
    Your problem will surface again and again and again unless
    you consciously face and fix it

    A Canadian who went to Himalaya to be a monk;
    He has this calm serene expression.

    Dalai Lama :
    After so many years, I still find meditation to be difficult
    on some days

    trained EFT practitioner :
    You have to persist and persist till your emotion is neutral

    Gregorian song :
    DON'T GIVE UP


    All the best Mister.
     
    #12     Mar 6, 2021
    Geo likes this.
  3. Love your answer.
     
    #13     Mar 18, 2021
  4. 1) Determine if you even have an Edge. Your biggest mistake is trading with real money when it seems you don't have an Edge. An Edge is not psychology or thinking about if you are doing something right or wrong. Your chart program should be able to give you a report and win %.

    You should not even be trading real money until you determine if you found it. Hard statistics. Science not magic. I knew I had an edge when my all of my trades were analyzed by a certain website and it showed that my system was #1 out of 9,000. Hundreds of trades with real money.

    2) Once you know your system works like others have said, determine how much to risk each trade and where your stop and targets should be.

    3) And like others have stated set a maximum loss you are willing to take for the day. Watch your account balance. Once you reach that level, have the discipline to fucking stop trading for that day.

    4) Pretend you are hired by hedge fund and your boss told you he does not care if you make or lose money, but you will be let go if you don't follow their rules for trading exactly every time.
     
    #14     Mar 28, 2021
  5. easymon1

    easymon1

    Last edited: Mar 28, 2021
    #15     Mar 28, 2021
    oraclewizard77 likes this.
  6. I like your charts and think this is valid. My concern is only "Suppose your paycheck".

    I actually believe one should have multiple income streams. Trading should be only 1 of them. One can have a full or part time job and for example just trade at night.
     
    #16     Mar 28, 2021