Sara - I have been working on self feedback to give me early warning of tendencies to overtrade and make impulsive trades. I can report great success this week ! My trading journal warned me that Friday's were my worst days to trade. My self feed back told me that my strategies were not in sync with the price action. I sat back and have been watching not trading today as my internal warning signs were telling me not to trade! Many thanks for all your work it is truly making a difference for me!
This made my day! It seems like you truly let your data guide you and then followed the path "of the best odds". Sometimes, being selective means avoiding certain market conditions or trading days. It's incredible to hear that you had the discernment to stay away from trading despite presently seeing what price was doing. Congratulations, Charles! Cheers. I'm excited to hear more about your trading journey and any new developments so feel free to share it with the whole audience, they thank you too!
Cool thoughts here. It's true that many aspiring traders wish that they could just trade on impulses -- like some spidey-sense that "this trade will be a winner" rather than placing trades that stick to a trading plan. Successful trading needs to be more disciplined than that.
Sara i resonate with João so much but I don’t jump back on a missed trade but how can I overcome the pain and hurt it leaves me with cause it ruins the rest of my day.
On one hand you want to work to reduce the number of (valid) missed trades.
On the other side, an acceptance that you'll miss some trains but there'll always be the next one to catch, is essential to have in mind.
It's important to understand how you're missing your trades--if you're off-charts, there's not much to stress about--easily fixable. But if it's coming from an hesitation to pull the trigger, it takes deeper work.
Sara - I have been working on self feedback to give me early warning of tendencies to overtrade and make impulsive trades. I can report great success this week ! My trading journal warned me that Friday's were my worst days to trade. My self feed back told me that my strategies were not in sync with the price action. I sat back and have been watching not trading today as my internal warning signs were telling me not to trade! Many thanks for all your work it is truly making a difference for me!
This made my day! It seems like you truly let your data guide you and then followed the path "of the best odds". Sometimes, being selective means avoiding certain market conditions or trading days. It's incredible to hear that you had the discernment to stay away from trading despite presently seeing what price was doing. Congratulations, Charles! Cheers. I'm excited to hear more about your trading journey and any new developments so feel free to share it with the whole audience, they thank you too!
Cool thoughts here. It's true that many aspiring traders wish that they could just trade on impulses -- like some spidey-sense that "this trade will be a winner" rather than placing trades that stick to a trading plan. Successful trading needs to be more disciplined than that.
Thank you, Christos! That's right - a plan to follow, free from the trader's impulses, needs to be in place.
Sara i resonate with João so much but I don’t jump back on a missed trade but how can I overcome the pain and hurt it leaves me with cause it ruins the rest of my day.
That's a great question!
On one hand you want to work to reduce the number of (valid) missed trades.
On the other side, an acceptance that you'll miss some trains but there'll always be the next one to catch, is essential to have in mind.
It's important to understand how you're missing your trades--if you're off-charts, there's not much to stress about--easily fixable. But if it's coming from an hesitation to pull the trigger, it takes deeper work.
What's your experience?