Help needed - I overtrade after 11am

KCalhoun said:
Setups that often work before 11 often don't work after 11 bc lunch choppy markets and lower volatility
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Ken

You got your answers in your post.
Just do the opposite when the market slows down.
Now you have to time it, when to flip the switch.
 
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I think no one can help you better than yourself. Ask yourself, what makes you overtrade? If you are triggered by losses that means you are frustrated and if your wins are pushing you to trade more that means you are driven by greed. Whatever be the case, try to self analyse.
 
KCalhoun said:
I'm really pissed off at myself. I should write a book called The Undisciplined Trader.

For the umpteenth time I gave back morning profits by over trading in the afternoon. I was up nicely by 11 a.m., then I gave it all back and ended up in the red by a few hundred dollars at the end of the day today. Again. I'm a trading junkie. I did 75 round trips today, virtually all the ones after 11 were stop outs.

I really appreciate any ideas, especially from any of you who struggled with the same challenge and somehow made some progress.

I know how to make winning trades, and do so frequently. The big truth of the situation is that your trading odds are much lower after 11 a.m. most days, even if you're using the same strategies that have been successful before 11 a.m., and that's tough to reconcile.

It's like the puzzles are waiting to be solved everyday from 9:30 a.m. till 4 p.m.

a good poker analogy is that I'm playing against the fish in the donkeys and am taking their chips before 11 a.m., but after 11 a.m. the sharks of low volatility come in, making it much tougher to win. I wish I could just simply walk away from the computer at 11 a.m., that's probably the best solution. Any ideas? Thanks guys.
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Just say no.
 
yeah but yesterday I was up... : o

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deaddog said:
Just the market giving you a temporary loan. You'll eventually pay it back with interest.:D
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I, sadly, agree -- sorry to say it, but if you've been trading since the 90's...and you're not yet, consistently, profitable...the chances are slim you'll truly prosper.
 
Trading is
deaddog said:
Trading is his hobby. He make a living as an educator.
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No, trading is neccessary for my success as an educator, because unlike my competitors I base my training on real trading experience.

For hobby, I play sax :D

 
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