Why is sticking to your plan difficult?

Discussion in 'Trading' started by Jdesey, May 17, 2025 at 2:48 PM.

  1. mervyn

    mervyn

    your account is too small for you want to achieve, either trade down the size or beef up the balance.
     
    SimpleMeLike likes this.
  2. Businessman

    Businessman

    Some old text from Larry Williams:

    "Why keep a system and do all that work if you're not going to follow it?"

    Be honest with yourself. If you are not going to abide by the rules you create, why create the rules?

    You should be spending your time doing something else. When it comes to speculation, rules are not made to be broken unless you want to end up broke. The rules of speculation exist to tell the ideal time to get in and out, but more importantly the rules exist to protect us from ourselves.

    Maybe you think this is not your problem, that following a system is an easy thing to do. It isn't.
    Last year in America almost 52,000 people were killed-about 1,000 a week-in car accidents because they failed to obey one of two very simple rules, don't speed and/or don't drive if you have been drinking.

    Those are easy rules, not complex, not chock-full of emotions like the rules of speculation. Yet families went through major turmoil and grief due to those unexpected wrecks caused by not following a very simple system.
     
  3. I was going to Post my thoughts, but 11 other people have posted their differing answer, so that would just be 12.
     
    TrailerParkTed likes this.
  4. s trader

    s trader

    If you don't have patient it's because you don't have enough skin in the game. Try doing 10X size then you don't have to wait as long.
     
    SimpleMeLike likes this.
  5. qlai

    qlai

    I find it useful to keep track of mistakes in a spreadsheet. At the end of the month, I can clearly see which mistakes dominate, so I can concentrate on those. Part of my list:
    IMG_0429.png
     
  6. themickey

    themickey

    I reckon it is greed.
    You feel you don't want to miss that trade which will be a huuuuge winner.
     
    qlai likes this.
  7. Say what?

    O.P. is the Guy who admitted to failing as an Options trader and you recommend he increase his trade size 10 fold.
     
    TrailerParkTed likes this.
  8. SML & S are offering Jdsey the lead role in their trading snuff film.
     
    DarkerthanDarc likes this.
  9. tony.m

    tony.m

    "No Momo" on the list : Don't eat Momos while trading :D
     
  10. tony.m

    tony.m

    This is the learning process.