Why do i keep buying at the wrong time?

Discussion in 'Psychology' started by mute9003, Jun 8, 2024.

  1. Aloha mute,
    Are you trading live? The market will always be there, ready for you when you are for it. No need to rush into things. Regardless, the best way to correct a mistaken trade is to replay the day in playback mode and do the right thing this time. Gotta correctly rewire the brain. Repeat the day until you follow your plan perfectly.
     
    #121     Jun 18, 2024
  2. %%
    QUIT foolin' yourself\ ''break even'' is simply good way to sloW\go broke.:D:D
    Mainly \you need to realize Cr*p like KITT\sh*t pardon my French.
    The good news is the market is not random @ all ;
    the bad news is some have to find out the hard way what the cr*p market is worth.
    WMT sells cr*p real cheap by 50# bag\CashSaVer store also;
    but a neighbor that has a horse barn may tell you go in , you blessed of the LORD, + you may take away my horse$ Cr*p for free LOL:caution::caution:
    4] Congrats on 3.666.666 or 4 green days /means about 1% of year
     
    #122     Jun 18, 2024
  3. SunTrader

    SunTrader

    OP buying at that wrong time yet I bet focuses on almost exclusively on price (and maybe indi's etc) ... but not time. :)
     
    #123     Jun 18, 2024
  4. mute9003

    mute9003

    I posted these to just show what kind of sabotage im dealing with to see if anyone else had to deal with this.
    This is not fomo.
    I had about 10 minute window of swlf sabotage dueing my trading and this is what came out of this.

    I have these "lockouts" in other Situations as well
     
    #124     Jun 18, 2024
    murray t turtle likes this.
  5. deaddog

    deaddog

    Can you honestly answer why you don't follow your plan?
    There is a reason somewhere why you don't execute when you should.
    What ever you are afraid of is greater than the pain of taking a small loss.
    Only you know why.
    In my case I didn't want to be that guy who sells just as the price turns so I'd rationalize a reason to hold just a little longer. You can solve that problem with a hard stop.
     
    #125     Jun 18, 2024
    murray t turtle likes this.
  6. %%
    Holdin' on /
    every day/
    every way/;
    some said living right was just a dream/
    losers said\ i did not have the stuff/to swim \Upstream./
    Carman Rodeo Song/ Holding On.
    Some cowboys got thrown on the bucking bronc\some lost their hat...............
    777]Sure a little bit of that self stupid\ lies-breaking contract to ''sell @$20'':caution::caution:
    -666.666] By the way, frankly that's self-stupid to change plans in the heat of the rodeo;
    may trampled gored by a TX longhorn or bear smashed.
    PS speaking of self stupid\ thats stupid to think you are going to get rich quick off a cr*p price stock $00.10 from bankruptcy...............................................
    I did try Sound Sound /SOUN\ has been below and above 50dma+ $5.0o; but just cut a loss on junk if its not antiques in time......................
    Good volume \too far off $10.25 hi\2024
    Wisdom is profitable to direct.........................................Back to bull market
     
    #126     Jun 18, 2024
  7. mute9003

    mute9003

    I did the whole week i was trading well
    Until friday. When i said one more day andnit will be a green week.


    Im not expecting to get rich quick im fully aware of what im trading.
    these stocks move fast.
    I have few trades each day with cash account.
    I usually buy 1000 shares of these stocks
    Or 100 shares of higher priced stocks.
    The limit is around 200-300 dollars a trade total so i can have multiple scalps or trades a day.
    Im guessing people who never dealt with actual self sabotage dont understand what it feels like to have no control over your own mind and be a passive observer.
    When i tried to quit drinking coffee i had to deal with same problem.
    Trying to stop the process is like pressing on brake while the car is accelerating on its own.
    internal conflict like this is physically damaging to your brain. trying to use "willpower" to fight this almost cost me a visit to ER or a stroke.
     
    #127     Jun 18, 2024
    murray t turtle likes this.
  8. deaddog

    deaddog

    You are not addressing the "Why"
    You keep saying you can't help yourself but until you figure out why, you never will.
     
    #128     Jun 18, 2024
    murray t turtle likes this.
  9. Aloha @SunTrader!

    Might you be able to elaborate on this, please? Are you talking about time between swings/peaks/troughs or maybe time trending/ranging?

    Thanks!
     
    #129     Jun 18, 2024
  10. mute9003

    mute9003

    I dont know why. Its a program from my past that doesnt have a cause. Who knows what happened to me when i was 4 or maybe 10 years old maybe 20.
    Its just something i have to deal with and work around it.
    I just posted what it feels like to have actual self sabotage vs fomo for those who dont know
     
    #130     Jun 18, 2024
    murray t turtle likes this.