Too Many Traders Are Cry Babies...

Discussion in 'Trading' started by MarketAddict, Aug 17, 2019.

  1. Good trading bro.. I myself make around 1k -2k a day. When the market is volatile, i can push that up to 3k to 5k a day... Right now, I'm trading the crude oil and I love it. But I do hate when the volatility gets too low and things get too choppy... but it is what it is.. I can still make money on low volatility but of course i like high volatility much more.
     
    #151     Aug 22, 2019
    trader99 likes this.
  2. trader99

    trader99

    You are a much better trader than me! I haven't gotten to my ideal target of $5k/day yet! I'm only pushing $1k/day average. I feel a little crestfallen the last few days of flat to small loss.

    I need motivation and confidence again. It's just normal under controlled loss and flatness.

    what do u do to stay motivated and CONFIDENT?
     
    #152     Aug 22, 2019
  3. Wrong question imo. The right question is: how do I remove emotion from the equation.

     
    #153     Aug 22, 2019
    trader99 likes this.
  4. trader99

    trader99

    Agreed.

    I need to get rid of a lot of emotions. I have a lot of little and sometimes big edges that I've collected over the years. However, I botched it up.

    I would miss an execution due to fear. Or I would get in and get shaken out because of fear even though I "knew" from my chart analysis it would go to that point.

    So I took unnecessary loss. Of course, some people would argue that's hindsight. Maybe it would have gotten worse. Fine. That's a fair point. I will grant that one.

    But the one that will kicks me is when I can see a super clear edge on that setup and to NOT enter the trade and just watch it run. That's the worst! Even putting on 1 lot would have benefited. But too scared. There are a few good runners I've missed that way.

    Working on it.
     
    Last edited: Aug 22, 2019
    #154     Aug 22, 2019
    jeffbader and beginner66 like this.
  5. Do what I do: create an interface where you don't see PnL. No numbers. That really helps.
     
    #155     Aug 22, 2019
    trader99 likes this.
  6. destriero

    destriero

    I'd never do that in vol-trading.
     
    #156     Aug 22, 2019
  7. You're an eagle. I'm still trying to leave the nest.
     
    #157     Aug 22, 2019
  8. destriero

    destriero


    Heuristics. Say you're long 1K vega and you're up $2K. Check your delta pos and cannot account for gain... vol has rallied.
     
    #158     Aug 22, 2019
  9. Yeah... nope. Not there yet.
     
    #159     Aug 22, 2019
  10. Though actually, if these were important to me, I'd probably create a visualization that helps me rather than actual numbers. Maybe using penguins or something.
     
    #160     Aug 22, 2019