The reason why you deviate from your trading plan is because you don't have enough confidence in it. So do more backtesting to confirm its profitability and once it's confirmed, I guarantee you you will have no problem following it. Take a few days off from trading to recover psychologically from the losses. Once the emotion has worn off, when you know you can face your losses again, go back to your losses and analyze the losses for what they are and find out what led to the losses. And then go back to the drawing board to rework your trading plan if needed.
I only use 1 indicator and it stands for only a small percentage of the system. 80% of the system will be reasonably easy to automate, it's that last 20% that worries me and for now I have no idea how to do it or how to get started. But I am going to give it my best shot, Ninja, which I already have, seems like a good platform to give it a go, so I'll start tomorrow by doing as much research as I can.
Well said. All the time spent wallowing in B.S. about trading psychology comes down to a simple question: Is your strategy a proven winner, or a loser? And if a trader has doubts about the answer, the result will always be discord and distress.
Bad mentality will always put you in a loophole so that you always end up losing. I've been thru that shit. Change your mentality/discipline and you be successful even as an average trader.
That's exactly what this thread is about and what i have already recognised. But that's easier said than done, that's why i am out here asking for advice and tips.
Well, I am not you nor am I life coach so that's all I can do. Personally, I quit video games, smoking and limited my internet usage. It allowed me to stay more focus and discipline while trading.