Objective vs Subjective: Trading Performance Affects my Mood Too Much

this assumes the trader is discretionary to need to know or think your not sure when your gonna make the money again

 

This is exact opposite of successful trading which is the more boring it is the more successfull yet your writing the opposite

every trader you know develops health conditions but thats in just about any field of stressful duties not just tradding

 

this is a good one for sure, the smaller the position the less emotions there is, i noticed that large sums can be made from many emotionless trades than few larger trades, as joe Ritchie said the position should be so small it seems like a waste of your time,, i imagine this in a soccer analogy, if u tell each player u must score a goal its easier than telling 2 players you got to score 5 goals each

 

Elaborate

 

I know exactly how you feel. My guess is there is too much riding on your performance. Someone I respect a lot said trading should be meaningless. In other words, you should only care about following your plan and adjusting it based on new knowledge and experience. This will take time, so you may have to drop/postpone any dreams of supporting your family via trading alone. If you don't want to give up or postpone your dream, you will have to create a hard deadline for yourself, but that will put even more pressure! So no simple solution - at least not until you find an edge and able to use it responsibly.

Few things I would like to address, while totally respecting opinions expressed by other posters.
1. Automation is not a solution to this problem. First you get an edge, then you can TRY automating it(with exception when the edge itself comes from automation - ex: HFT).
2. While I agree that trading for a living is competitive and stressful, I don't think it has to end in heart attack, suicide, or divorce. There are plenty of traders who lead a very balanced life and trading same way for ages. One of the secrets, imho, is to trade OPM - never risking your own(as in prop trading).

Good luck.

 

That’s very accurate.

 

So true. A lonely sport, and we cannot blame anyone but ourselves if we fail.

I don't think it is a matter of objective vs subjective, you have to learn to get use to losing without getting rattled. I am lucky my win rate is <40% so losing is routine.

Have an understanding family helps; be able to salted away enough trading profits so not have to worry about put food on the table helps.

Not have to worry about meeting tight schedules, like my old day job, is priceless.

 

Then it becomes just another day job.

 

Why, you are completely independent. You are not required to trade.
Edit: I was talking about prop firms, not money managers

 

Exactly