Emotions in trading
- Thread starter Franziskaschulz
- Start date
Write out your plan. Get a friend or spouse to trade the plan while you watch. Hire a kid off the street if you haven't got a friend or spouse.
The only thing you have control over in trading is you. If you can't control yourself then possibly you should let someone else look after your money.
There's 90% of your problem, Frankenholmes.
You have no tested written plan.
What would you say belongs in a solid trading plan?
https://elitetrader.com/et/threads/...solid-trading-plan.340340/page-4#post-5031706
Wow! That was the best comment here.
Maybe I have to work with some mentors, what do you think and do you know any? My friends or family are not active in trading.
I don't know anything about trading forex. It's not something I do. What got you interested in trading if none of your friends or family are active? What is stopping you from getting them involved?
I don't know any mentors. Use this forum.
Post how you plan to make a trade, where and why you plan to enter a trade and where and why you will exit the trade.
My guess is you'll get lots of feed back.
What timeframe charts do you like to trade?
Building on VolPri and Maxingers excellent posts from early on...
A few book suggestions - "Nothing" 2d ed by Jim Sloman - for me was an incredibly insightful summation of the MIND and how to transcend the incessant chatter we all have. This chatter and your associating with it leads to Overtrading, reactive emotions...
Secondly "The Mental game of Trading" by Jared Tendler - Tendler provides a framework to identify and overcome the mental / limiting belief based issues you seem to be facing.
For me it is the manual that augments the grandaddy of them all... Mark Douglas in "Trading in the Zone".
IMHO & experience - trading is 10% technique & 90% mental. Why do we spend so much time focusssing on the 10% ??? I'd say that a lot of people fear self honesty and introspection far more than failure in the MKT....
A few book suggestions - "Nothing" 2d ed by Jim Sloman - for me was an incredibly insightful summation of the MIND and how to transcend the incessant chatter we all have. This chatter and your associating with it leads to Overtrading, reactive emotions...
Secondly "The Mental game of Trading" by Jared Tendler - Tendler provides a framework to identify and overcome the mental / limiting belief based issues you seem to be facing.
For me it is the manual that augments the grandaddy of them all... Mark Douglas in "Trading in the Zone".
IMHO & experience - trading is 10% technique & 90% mental. Why do we spend so much time focusssing on the 10% ??? I'd say that a lot of people fear self honesty and introspection far more than failure in the MKT....