"Execution without Emotion"

[OPTIONAL777]

Originally posted by marketsurfer
dorian had some issues painting his portrait according to oscar wilde, 777. he was a trader to himself, not a fader of trades.

best,

surf

The Picture of Dorian Surf fading himself



Dorian Surf

 

[travis]

Originally posted by OVERtheLINE
Is to find the high probability trade set ups all day every day.
Once found, to jump in, If it works to add as much as possible and try to help exacerbate the move.

The plan is to bail when I have a reason to.

The plan is to take a loser as fast as possible when wrong and to enjoy seeing how fast I can grab my tail between my legs.

The plan is to remember that it is work waiting for these set ups and reminding oneself that when emotions take over, the speed of damage to ones account is unreal.

The plan is to appreciate doing this for a living and to work hard following these rules every day, all day.

I agree, and I'll add that it's impossible to pick the "high probability trade", and discard the other trades (which are still probable, but not highly probable), if emotions are part of your trading. If you can't control your emotions, and you don't use a system, then your hope will tend to make you overestimate every time the probabilities in your favour, and you will pick the wrong trades.
Moving averages don't have emotions, and I find that's a good way to decide when to enter and exit a trade. Trend lines, instead, have emotions, because you're the one who draws them.