Hello Scataphagos,
My goodness you are correct. I am back to manual discretionary Price TA guessing trading.
That whole "Find Edge" stuff waste a complete waste of time. I am the Edge, I was searching for.
Emotions in trading
- Thread starter Franziskaschulz
- Start date
My goodness you are correct. I am back to manual discretionary Price TA guessing trading.
That whole "Find Edge" stuff waste a complete waste of time. I am the Edge, I was searching for.
Hello Franziskaschulz,
I do not see anything wrong with what you are doing.
No such thing as "overtrade".
No such thing as "emotions"
No such thing as "discipline"
All these are marketing bullshit words to give an excuse for losing money. lol, you losing money cause all your reasons for taking the trade was WRONG. You lose. So all you can do is go back to those trades, and see why you was wrong, or find a better way to trade, so you do not lose so much.
The more you look for "help", the worse of a trader you will be come. Again with emphasis, the more you look for the help, the worse of a trader you will be come. If you want to be a good trader, focus on one thing ONLY. Winning all your trades, and recovering drawdown. Otherwise you will be a loser trader. It is ok to be a loser trader, just find away to win. The answer is only on the chart, only. The answer is exactly what you see, right on the chart.
We are traders, sometimes we win, sometimes we win. Just trade however you feel like trading.
"If I lose I try to rapidly make a profit and when I make a profit, I will not close the trade for more profits!"
I do the same thing, who wants to be in drawdown. What is wrong with this. Only a fool would not want to make his/her losses back, and yes this require "overtrading" (such a very stupid word) or taking ALOT of trades to get your money back. You are a trader, so trade!!
I think you are doing well and do not need any help. Just keep on trading until you make money. Do not be fooled with all that overtrade bullshit, emotions crap. That is all bullshit. Stare at the chart for 8 hours a day, and try to end the day in Green, making money. We have not other choice.
Disclaimer: These are just my trading opinions. Please do not take what I say as truth because I can not prove anything I say makes a lot of money trading. Please trade per your own responsibility. I have been day trading manually for 4 years and my total profits is about -$11,500 so I am not a profitable day trader, yet. For 2023, I am down -$4000. I am working on recovery day to day.
If we cannot stop our own brain from thinking how do we expect to discern what the millions of brains are thinking about the market at any given moment? We cannot know the actual thoughts.
We can’t even completely trust our own thoughts. The mind is our biggest asset but also it is capricious and can quickly deceive us. It loves to mess with us. It was built to generate thoughts. True or false. It romps around in the playground of our imagination causing us to belief many things that are not true and causes us to even deny the truth and just literally loves to trick us into denying reality. It gets amused at us latching onto false hopes. It will create false hopes. It is an expert at fooling us. Nevertheless, it is our greatest asset as humans for without it we could not even trade or live.
We can’t even completely trust our own thoughts. The mind is our biggest asset but also it is capricious and can quickly deceive us. It loves to mess with us. It was built to generate thoughts. True or false. It romps around in the playground of our imagination causing us to belief many things that are not true and causes us to even deny the truth and just literally loves to trick us into denying reality. It gets amused at us latching onto false hopes. It will create false hopes. It is an expert at fooling us. Nevertheless, it is our greatest asset as humans for without it we could not even trade or live.
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However, we can discern which side is winning for the moment. The bullish brains or the bearish brains. One or the other is winning. Or neither is winning. TR = neither. Bull trend = bullish brains. Bear trend = bearish brains are ruling the market. They cannot hide. What they are thinking translates in how the market moves. Bulls create winning bullish pressures. Bears create winning bearish pressure. The markets do their bidding. Our squiggly lines…trend lines…indicators…chart patterns do nothing in terms of moving the market. We use them only to help us better “see” which pressure is stronger. Are bulls winning or are bears winning? Are bull pressures greater or bearish pressures greater? To make it in the markets we have to work at excelling in reading the pressures being exerted on the market. That is what successful trading is about. It is learning to read the pressures and then structuring a trade around or within those pressures. This is true for longterm or intraday such as scalping. The pressures show up in all time frames. From 1min to yearly. However scalping 1min and 5 min charts require great skill in reading bar by bar and in quickly structuring trades and making quick decisions to act or not to act.
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If you're that undisciplined, why not simply automate your strategy? Be done with it for once.
If you're serious about becoming a disciplined trader,
you'll need to spend time and effort in behavioral modification.
It's extremely difficult, to almost impossible to become
a next level trader without change. Real change.
It starts with self-awareness. Anything that will help you
identify self-awareness and cognitive self-appraisal might help.
There's a long list of techniques, such as Neuro Linquistic Programming, Concentration/attention control, Meditation/Visualization, Biofeedback, Psychotherapy, Positive Reframing, Emotional Intelligence training,
It's a process and takes time.
you'll need to spend time and effort in behavioral modification.
It's extremely difficult, to almost impossible to become
a next level trader without change. Real change.
It starts with self-awareness. Anything that will help you
identify self-awareness and cognitive self-appraisal might help.
There's a long list of techniques, such as Neuro Linquistic Programming, Concentration/attention control, Meditation/Visualization, Biofeedback, Psychotherapy, Positive Reframing, Emotional Intelligence training,
It's a process and takes time.