Thinking is 95%

Discussion in 'Psychology' started by mikeriley, Jan 29, 2023.

  1. I think you're on point. Cats are usually to blame.
     
    #31     Jan 30, 2023
    mikeriley likes this.
  2. Seems that way
     
    #32     Jan 30, 2023
  3.  
    #33     Jan 30, 2023
  4. "Siempre Adelante"

    I have been thinking a lot about my mantra since I read your post yesterday.
    I think mine is...
    "I need a miracle everyday"
     
    #34     Jan 30, 2023
    mikeriley likes this.
  5. TheDawn

    TheDawn

    Ok you just need to concentrate on your trading, forget about the cats (cute cats btw), forget about your wife, forget about the guy next door, forget all that. You need to FOCUS on your trading, the PA, the setup and your trading plan. That's what you need to do. When you are trading, you should see nothing but the PA on the screen in front of you, everything else around you should just melt away and do not exist. If it helps you, try to trade in an empty room, just you and your computer and the screen with the keyboard and the mouse and maybe some pieces of paper and pen for you to make notes on an empty desk and nothing else. I think that should help you bit more.

    The mantra is good. Keep doing that. TP is the most difficult part of trading I find. Tp'ing early is very very common because you are caught up with fear that the profit is going to go away and you need to seize it before it goes away. It helps to think that to ensure you always book profits instead of losing profit and worse letting a profit turn into a loss but it unfortunately also makes you tp too early. So you just adjust according to the PA that you observe. As long as you are booking profit, hopefully not too early, you are fine.
     
    #35     Jan 30, 2023
    MathTeacher and mikeriley like this.
  6. mikeriley

    mikeriley

    I see it really is true that math teachers tend to be astute.
    You are right on the money.:thumbsup:

    I appreciate all the responses.
     
    #36     Jan 30, 2023
  7. TP as in (taking profits) is definitely the hardest part of trading/investing.
     
    #37     Jan 30, 2023
    Tradess0610 and TheDawn like this.
  8. GotherL

    GotherL

    Well I hope you've the experience to back up that statement. Trading futures definitely is not as simple as it seems. In fact, it's really hard to be consistently profitable this is why there are so many future prop firms out there offering you a chance of a funded account to pass their simulated evaluations.
     
    Last edited: Jan 30, 2023
    #38     Jan 30, 2023
  9. easymon1

    easymon1

    Daytrader mantra: What's Next Setup? What's Setting Up?
     
    #39     Jan 30, 2023
  10. easymon1

    easymon1

    Steevo has a saying about "Thinking is 95%"
    cued ...
     
    #40     Jan 30, 2023