SharePosts by psymon
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Hey guys, I've been doing some pretty heavy introspection in the last day, and trying to figure out why i am not trading to my best. I've found the questions to the answer but not the answers to the problems!
It all gets a little psyco from here... I have for some time felt like i must be losing for a reason other than my ability to read charts. It seems to me that i am a victim of self-sabotage. From everything thing that i've read the last couple of days I have possibly over the course of my life picked up several limiting beliefs. they could come from from my parents saying things like 'm......
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Hey pip, thanks for the kind words, really if i was that good this would have been done weeks ago! i am finding that my brain cant react to the market fast enough to make a decision! I should be able to assess the market, modify/place a trade, and then reassess in seconds, but its taking me minuets and by then its all ready gone too far.
See the thing is that i'm only proving that i can throw away $25 a week on this idea, the last 2 weeks i've not gotten past the second step. Its amazingly frustrating, i know what i should be doing, but i'm hesitating. Usually if your wrong about a trade the ......
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Morning, a slight change in strategy.
I feel like i'm trying to run before i can crawl, so for this week i'm going to drop the only 10 trades. Heres the thing, as much as 10 trades in 10 days is perfect i have come to the conclusion that just doing it in 10 days is hard enough! I've been doing some heavy back testing this weekend and i am finding the success rate considerably higher if i allow my self to take 2 or 3 trades per step.
$ vol trades
ie, 25 - 50$ .1 (10+15) = 2 trades
50 - 100$ .2 (7+12+6) = 3 trades etc etc
I will still have the 25 pip target in my ......
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Hi Rod, i hope you can take something away from this thread and apply it, if you have any questions please ask away...
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so what your saying is that i've got to do it twice?
thanks and have a good weekend.
psy
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if you can make 25 pips every day thats around 2500 pips in 5 months, at a $ a pip that would give you a profit of $2500...
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@ pip, er... thanks for the input, its just kinda a hard one to get my head around! er... to put into simple terms what your saying is trade anything, wait, if negative get out asap, if positive let it run locking in profits?
so decide on limits of loss that are acceptable, then assume that probability will make you profitable when you let gains run?
intriguing.
if i have a little of your attention, may i ask a couple of questions? (yeah it was rhetorical)
how do i cure self sabotage?
do you think that this is possible, $25 to $25k in 10 days in 10 trades?
where could i get a coin that you ......
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one more try, cause i think that its worth it...
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@PipGnostic bahahahah the hall of shame charts! i hope that everyone goes though the process of loading up a chart to exploding point, then paring it back to something thats actually workable? or is it just me having a brain fart?
sorry and trying to post the stoch indicator, but its not up loading...
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holy crap, i've just had a look at the chart i gave birth to last night! holy crap, here is a some what more sensible chart set up !
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