Be humble and fear your own trades

[Equity King]

One of the biggest challenges I've ever had with trading is psychological. In the past, I often found myself making a lot of money quickly and growing my account, only to give it all back in the end because I got too greedy and thought i was invincible. It is very important to constantly stay humble and fear that your trades could go wrong. I did a video to talk about it.

I absolutely agree with you on being humble as pride goes before the downfall of man , but what I do not get is the fearing of trades aspect . I mean with knowledge ,knowing and doing the right thing,why should one fear of their trades ?

 

[Golden Retriever Trading]

I absolutely agree with you on being humble as pride goes before the downfall of man , but what I do not get is the fearing of trades aspect . I mean with knowledge ,knowing and doing the right thing,why should one fear of their trades ?

Because you'll never be 100% accurate and your pride can cloud your judgment. Fear that

 

[Handle123]

I like to think most of my systems/methods are geared to trading in direction of a pyramid, at right stage, put on most at the bottom or same amount depending on length of trade, at a healthy area- can take profit on half and let the trend be your friend for as far as it can ride weekly bar charts for long term trades. Scalping-have makeable Goal then cut back size 80%, so I don't lose what I just made and make sure have rules to not turn positive into a negative. As price goes your way or as time vanishes, reduce contract/share size.

I have several 3rd party longer term systems, automation waits till a system has had a "mean" drawdown, then starts trading it, as it eventually makes new equity highs, contract size reduced and at some point-no more trades taken till next "mean" drawdown.

I don't fear trading, I never risk more than 1%, I respect the markets and understand there be equal times where I will make and lose on flukes of the marketplace.

Trading comes down to acceptance, learn to accept that a solid return per year is not hundreds of percent per year or the market will force you to learn this rule, don't bet the farm on any one trade, don't bet yourself by quitting a job till you have a million in the bank so your family does not suffer, Learn to enjoy percentages and not cash. Accept what the market allows you to make and not what you could'a of made. Enjoy the ride.

 

[Simples]

Currently, no fear at all. Cut back on size until you could comfortably lose it all. Risk money is at risk of being lost forever! Keep SL wide where it's very improbable for price to visit. TODOs: consistency, verification and account size

Only problem is it's too boring!

 

[jinxu]

One of the biggest challenges I've ever had with trading is psychological. In the past, I often found myself making a lot of money quickly and growing my account, only to give it all back in the end because I got too greedy and thought i was invincible. It is very important to constantly stay humble and fear that your trades could go wrong. I did a video to talk about it.

I would prefer you added caption to your videos.