Sorry about that missed trade Sara. That’s good advice to imagine a future where we keep repeating that mistake. Good visualization exercise to motivate a change of behavior
Yes. I can understand why that particular missed trade hurt a lot. Do you think setting a phone timer alarm for when the bar closes would make a difference? Or in that case do you think it would’ve still happened?
That would be difficult because of the entry method I use: I only know if the candle is the right one when it closes so setting an alarm would require me to do it multiple times which could be unproductive. Thank you for your suggestion Joe!
Oh I absolutely know the feeling.. Two months ago I missed a 10R long on Gold -my favourite asset- in a worse scenario than the one you described: I entered the trade and closed it immediately because all markets were bleeding (Trump tariffs theme). You can’t imagine the sadness in me. That would have placed me in funded status in 3 accounts. Anyway, it was good that it happened, so that my response next time will be different. Greetings from Argentina 🇦🇷
Who knows, the trade would've turned out badly. Or worse, a bad process with the reward of a big winner. There's another train to catch the next day and the next day and so on... Great that you recognise this and are eager to do better next time. Thank you, Marco! Keep going 👊
This is really amazing perspective Sara .....Gratitude
Thank you for reading :)
Sorry about that missed trade Sara. That’s good advice to imagine a future where we keep repeating that mistake. Good visualization exercise to motivate a change of behavior
Thank you Joe, sharing this was a way of delivering this message which I think changes a lot.
Yes. I can understand why that particular missed trade hurt a lot. Do you think setting a phone timer alarm for when the bar closes would make a difference? Or in that case do you think it would’ve still happened?
That would be difficult because of the entry method I use: I only know if the candle is the right one when it closes so setting an alarm would require me to do it multiple times which could be unproductive. Thank you for your suggestion Joe!
Oh I absolutely know the feeling.. Two months ago I missed a 10R long on Gold -my favourite asset- in a worse scenario than the one you described: I entered the trade and closed it immediately because all markets were bleeding (Trump tariffs theme). You can’t imagine the sadness in me. That would have placed me in funded status in 3 accounts. Anyway, it was good that it happened, so that my response next time will be different. Greetings from Argentina 🇦🇷
Who knows, the trade would've turned out badly. Or worse, a bad process with the reward of a big winner. There's another train to catch the next day and the next day and so on... Great that you recognise this and are eager to do better next time. Thank you, Marco! Keep going 👊