What was the ***last*** thing you had to master before becoming profitable?

Being scared to make the trade. What's really sad is that this was after I'd developed a system with a high win rate. I'd call the direction of a market but would be fearful of placing the trade, then surely enough, the market would move in my favor....and there I was left telling silly ass stories about how right I was without having any profit to show for it. This stems from my early trading days when I used to jump into positions haphazardly and would win small then end up losing big. That feeling still lingers to this day and it wasn't until I learned to trade in spite of that feeling that I began to make money.

 

"...I learned to trade in spite of that feeling that I began to make money."
STC Capital,
If possible, can you please elaborate on how you were able to do this? I'm going through the same thing - call trades in r/t, but fearful of taking them.
Thanks in advance!

 

spending less time on chat boards

 

patience.

i stay in a trade till PROVEN wrong. that proof is different for each individual.

 

I can also add this to my list as well.

 

I still haven't fully mastered this because it still hits me from time to time, but I got through it by recalling all of the times I'd been right and missed out. After that, it was simply a matter of putting on the trade and walking away. I may not check on my position for another 24 hours.

 

thank you!

 

I must have come to the right place as I'm dealing with this same situation.

I use to sit there for weeks and not put a trade on in fear of being wrong or loss just to watch it go in the direction I would have gone and sometime would have gone far enough to reach my weekly quota in one session.

I have found that being in action has started to cure or at least decrease the level of fear before entering a trade.

The biggest thing that I have had to overcome was not being so hard on myself, to treat myself like a friend instead of abusing myself mentally.

 

last thing, huh !!

I will tell you soon, hopefully.

Have to see first whether I am successful.

My massive all-in china position is now positive, but sh*t happens.

Still has to run a while to get out at target.

Will post then as a rich man.

seeay soon

 

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Amen;
that + rule of 72, meaning work 6 days a week @12 hours a day=72
Wisdom is profitable to direct