Most Difficult Trade

Discussion in 'Psychology' started by NoDoji, Mar 15, 2011.

What's your most difficult trade of the day?

  1. First setup of the day

    9 vote(s)
  2. Setup following a losing trade

    8 vote(s)
  3. Setup following two or more losing trades in a row

    33 vote(s)
  4. Setup following one or more trades where you violated your rules

    8 vote(s)
  5. Setup after you dug yourself out of the red & into the green

    14 vote(s)
  6. Setup after you attained a minimum daily profit target

    5 vote(s)
  7. Setup that would position you opposite your bias

    19 vote(s)
  8. I trade all setups from the open to the close

    19 vote(s)
  1. xerofia11


    Thank you for warning. Hope drawdown will stay away from my account. I choose SPs who trade on a live account , allowing them to open max 3 positions and I never let my account. If needed I set Stop & Loss to get protected from drawdown.
    #71     Apr 14, 2011
  2. xxxskier , you still around. You're one of the guys who post useful trading info. Occasionally I'll go through my list to read up and see what's new. RN you're also one of those guys who has helpful posts.
    #72     Oct 15, 2011
  3. limau2


    #73     Oct 15, 2011
  4. Most difficult trade for me is the marginal trade, I get my entry right but then the market starts getting choppy getting close but not hitting my stop or target. Should I stay should I go should I punt I don't know ??? Last week would of added 6 ES points if I'd gotten out when I saw the chop, instead of letting it hit my stop, so I'm looking at these trades a little different, maybe BE or small profit/loss.
    #74     Oct 16, 2011
  5. It a trade is difficult or stressful its a bad trade...
    #75     Oct 16, 2011
  6. I think so too, I'm disciplined on entries and exits but where I need work is when the situation gets choppy after I'm in a trade. Going over charts to see what is the best option as we speak.
    #76     Oct 16, 2011


    Greetings Bigarrow,

    When I saw your comment the first thing that struck me was this; I believe that the answer to your question, is already in your question. Let me explain; in your question you stated that; “The most difficult trade for me is the marginal trade”. From this statement, one can glean that from the start, you have already assessed and acknowledged your going in assumption about this trade. But in this instance, you have only “subconsciously” acknowledged that this trade is a marginal trade. You didn’t make this fact known to your “conscious” trading mind as yet.

    Therefore, when the trade was initiated, your conscious trading mind left you bereft of an appropriate “going-in strategy”. And as a result, in this marginal trade, one in which; “the market starts getting choppy getting close but not hitting my stop or target.” what was the technical likelihood of achieving your original objective, versus taking a full stop loss?

    I hope you can see my point which is; that if you were "fully cognizant" of your “going-in expectation” for the trade, before you entered the trade, you would likely have been better prepared to assess the “health” of your trade, as you monitored its realtime progress.

    Proposed Solution: I believe that if you make a small mental adjustment in the "conscious" examining of the “going-in expectations” of your trades, you will thereby likely select a more appropriate trading strategy for these type of trades, and things should likely start to improve in instances such as above.

    Hope this helps.

    #77     Oct 16, 2011
  8. Que?
    #78     Oct 16, 2011
  9. When you are so tired, that you could fall asleep just so, but you cant sleep, because you must watch the market, because of your fucking trade, to make the fucking money. FUCK
    #79     Oct 17, 2011
  10. Most difficult trade is the one I place just after a small win brings my account to a new high. Say I had 17,490 in my account and I placed a trade that just squeaked me above 17,500. Seeing the new number "5" in the third place, makes it hard to think of going back to a 4 or a 3 even though my normal risk limits say that's fine. I usually take a few days off until I'm sick of looking at that 17,500 and say, "It's worth the risk just to get away from that number." Then I trade freely again.
    #80     Oct 21, 2011