Magna
Administrator
FasterPussycat,Originally posted by FasterPussycat
i really think one of the biggest difficulties with trading is confidence. confidence in that your setups work over time. when you "know" this, really know this, then trading becomes much much easier. however this takes time and lots of work and observation and analysis. but once you reach this stage the sky's the limit. look to seanote's results for evidence of this. he has "arrived". he is supremely confident in his work, a master, and it shows!
imo CONFIDENCE is the key. and there are no easy ways to get it. you must "train" a bit, then get out there and get a little bloody. then pullback and analyze just what happened and how you might do it better. then get out there again, get some more cuts and scrapes, then retreat and study some more. slowly, very slowly you gain the necessary skills and knowledge to win some. it is at this point your confidence begins to slowly build and trading becomes a little easier on the psyche.
Good start to your journal, good job trading today (actually yesterday as this got posted after midnight). Remember, keep the bs and the bravado to a minimum and the detractors will slowly ease back....BTW, very insightful commentary above re: confidence.
suffice it to say that all scalps have been winners today and i am net positive on the day. (inaccurate and slow quotes prevented trading this a.m.)