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.
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.
lack of sleep and risky decision http://www.dukehealth.org/health_li...ke-risky-decisions-based-on-too-much-optimism Lack of quality sleep is really a big problem for me. Another way to improved my sleep is to get better nutrition - but not from fake vitamins (another study show pill poppers die younger), so I ordered wholesome herbs
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.
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.
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; âThe most difficult trade for me is the marginal tradeâ. 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 âsubconsciouslyâ acknowledged that this trade is a marginal trade. You didnât make this fact known to your âconsciousâ trading mind as yet. Therefore, when the trade was initiated, your conscious trading mind left you bereft of an appropriate âgoing-in strategyâ. And as a result, in this marginal trade, one in which; âthe market starts getting choppy getting close but not hitting my stop or target.â 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 âgoing-in expectationâ for the trade, before you entered the trade, you would likely have been better prepared to assess the âhealthâ 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 âgoing-in expectationsâ 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. KDASFTG
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
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.