Will check them out. Thanks!.
Advice
- Thread starter mistermaster
- Start date
Will check them out. Thanks!.
'Tough love' advice but difficult to argue with the logic.
After wich event do you get complacent? After amount of dollars or after a number of winnings in a row? Do you let your focus go after that event? Are you bored with executions?
Don't understand the question re bored with executions, and re complacency it's a combination of the $ and the wins. In either event, clearly not concerned enough with a loss to force discipline into the equation either before the entry or when I understand it was a bad one.
Okay, I think to know where you are. You are trading not for the results in money but for some unresolved issue you have with yourself and how you see yourself. You need someone that can let you see how you react and make you self aware when this proces start in your trading. When you recognised it, you can take several action to avoid it. This is not a discipline issue.
You dont have an extraordinary system. You need to examine and improve your trading plan.
What you have sounds like it both relies on human discretion but is not robust enough for human decision factors and normal errors. Telling someone to have better discipline is the same as dieting for a fat person. It wont work long term.
My guess is the problem is your timeframe. If your approach is any good take it up to a longer timeframe allowing more decision time and less random volatility/noise.
MattZ
Sponsor
Telling an overweight person he should diet, might not work, but isn't it exactly what he should do?
There are many reasons that people get to be overweight, and it could range from bad habits, personal trauma or physiological and hormonal changes. But, in the final analysis, only proper diet and exercise are what make a person lose weight.
Changing time frames, methods, etc may reflect the same issues again in a different format.
I agree with you that time frames do make a difference for some, and sometimes the method needs tweaking. But I think that the way the OP described it, it could be behavioral.
Your answer is in your own words. Your sharp and you realize the odds are strongly in favor of a rebound in your direction, thus your willing to override your own rules. The problem is : The 10% "non rebounds" eat your account, and a future "black swan" may destroy it.
See we have the exact same issue, sadly not a genius 4 IQ points short here 
good enough.
That 1 trade, you get a bias, it goes the wrong way, you keep moving the SL and before you realise it you've been margin called.
Just got to push yourself, to do the right thing, which is Exit and Flip and give up on HOPE, I'm not there yet mind, getting there, final peice in my puzzle I hope.
good enough.That 1 trade, you get a bias, it goes the wrong way, you keep moving the SL and before you realise it you've been margin called.
Just got to push yourself, to do the right thing, which is Exit and Flip and give up on HOPE, I'm not there yet mind, getting there, final peice in my puzzle I hope.