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The market is a mirror so you can see yourself more clearly. :sneaky:

I agree with this definition of success. When you can trust and follow your plan. Therefore, you trust yourself, and the money follows. Then, as you are able to scale up without negative psychological consequences, you know you are reaching success. Whether you make a lot of money or not at that...

Sorry, I see it differently! You know when you are anxious or not, and you can measure it.

Part of the point of my article is that there is less anxiety and more calm (psychology) by placing a stop at the start of the trade. At least there was for one trader. Perhaps many. . .

Woops. I did another post. Also, here it is at my blog. https://enlightenedtraders.wordpress.com/2020/09/08/the-importance-of-how-you-place-your-stop/

The way that you place your stop can have a significant outcome on the results of your trade. I just coached a client through this, and it had such a positive impact on him I decided to share it. How do you place the stop? Do you place the stop at the start of the trade? Or, do you watch the...

I think as long as the stop makes sense, ie you are giving the trade enough room and the risk reward is good, that’s what you go with. But you need to feel OK if you get stopped out with the loss. I know a lot of traders don’t! So they kind of pretend that they’re not going get stopped out. So...

I am addressing the psychology of placing the stop really more than what is technically accurate.

I am sure this isn't for everyone. I just know it helped my client so much I thought it might help others as well.:D

The Importance of How You Place Your Stop The way that you place your stop can have a significant outcome on the results of your trade. I just coached a client through this, and it had such a positive impact on him I decided to share it. How do you place the stop? Do you place the stop at the...

dupe

Mini Dow and silver.

I guess that is your experience. Mine is different. I have many success stories of traders who faced themselves and dealt with their psychology (fear / greed). Whether it was measurable or not isn't really the point. They dealt with past daemons, turned their trading around, and in many cases...

Here's my newest article on trading plans: WHAT IS IN YOUR TRADING PLAN? To be consistently profitable as a day trader, one of the critical tools to have in your toolbox is a trading plan. The trading plan is the map, it’s the recipe, the formula, and the guidelines of what you’re going to do...

I have templates I use with clients. My article includes many sections that most traders leave out of their plan. So if that helps you expand your plan then great. My intention was just that. To help traders have a more complete plan.

(Blog article here:https://wordpress.com/home/enlightenedtraders.wordpress.com) WHAT'S IN YOUR TRADING PLAN? To be consistently profitable as a day trader, one of the critical tools to have in your toolbox is a trading plan. The trading plan is the map, it’s the recipe, the formula, and the...

I totally get what you’re saying. See my response above. A lot of this is The subconscious, patterns and habits and beliefs from the past. Things that have nothing to do with trading get in the way of trading with discipline, or maybe even Get in the way of elite athletes, As you mentioned. It’s...

It’s the unconscious mind. If you said to an alcoholic why on earth would you drink that whole bottle of booze and make yourself sick, why not just have a glass, that makes sense. But there’s something stronger that’s pulling them to the bad behavior. It is the same for traders. If it was that...

If you get the lesson and don't do it again that is awesome!

This is where the plan is needed! Maybe, "no trading in chop" if that works for you! :)