How can I stop being perfect!

Quote from bat1:

My problem is I will not enter a trade unless I get it at my price

I got a buy order in at 6 well, it hit 6.02 and took off to 6.94
that day..:mad: I missed that run up why? I want my trades
to be perfect! why can't I just buy it at 6.02?

same with selling I will not sell till it hit's my sell order
well, I missed it too by a few pennies.. and down she went! :mad:

Is it GREED that's doing this?

I took 25k and turned it into 100k but now seems like
I'm trying to be too perfect at everything and this could
wipe me out...

:confused:
More...

You have become scared of losing what you have made, I did this long ago too. Becoming too rigid when trading emotions, price action, flows, it is not concrete. I never buy/sell on whole numbers, I give up a tick so I can get filled, reverse or protective stops. If my target is 2.00 points and I see market hitting it several times and I can't get filled, I might lose 2 ticks, big deal, but to lose more than that hurts the mental outlook too much for me. I had to learn to accept what the market allows.
 
Quote from bat1:

My problem is I will not enter a trade unless I get it at my price

I got a buy order in at 6 well, it hit 6.02 and took off to 6.94
that day..:mad: I missed that run up why? I want my trades
to be perfect! why can't I just buy it at 6.02?

same with selling I will not sell till it hit's my sell order
well, I missed it too by a few pennies.. and down she went! :mad:

Is it GREED that's doing this?

I took 25k and turned it into 100k but now seems like
I'm trying to be too perfect at everything and this could
wipe me out...

:confused:
More...

Average it.

- Divide your qty by 5.

- Layer 'em at 5.98, 6.00, 6.02, 6.04, 6.06 ..
 
I was gonna suggest the same thing. By dipping your toe in, you are at least in the trade. And when it goes your way, you can start adding more.

Quote from Rationalize:

Average it.

- Divide your qty by 5.

- Layer 'em at 5.98, 6.00, 6.02, 6.04, 6.06 ..
More...
 
Quote from lwlee:

I was gonna suggest the same thing. By dipping your toe in, you are at least in the trade. And when it goes your way, you can start adding more.
More...

Yeah .. We could get fancy, and talk about the top layers being thinner .. but one step at a time eh? :)
 
Quote from bat1:

My problem is I will not enter a trade unless I get it at my price

I got a buy order in at 6 well, it hit 6.02 and took off to 6.94
that day..:mad: I missed that run up why? I want my trades
to be perfect! why can't I just buy it at 6.02?

same with selling I will not sell till it hit's my sell order
well, I missed it too by a few pennies.. and down she went! :mad:

Is it GREED that's doing this?

I took 25k and turned it into 100k but now seems like
I'm trying to be too perfect at everything and this could
wipe me out...

:confused:
More...

Change NOTHING! you make money and above average, so what is the problem? This is exactly how traders screw up, with "perfecting" a system.

Ask yourself this: What are the odds of always getting what you want, whether entry or exit consistently all the time? If your technical said 6.00, then it's 6.00 and that is what you stick with.

Most traders suffer from the "too early" syndrome.

RG
 
Quote from bat1:

My problem is I will not enter a trade unless I get it at my price

I got a buy order in at 6 well, it hit 6.02 and took off to 6.94
that day..:mad: I missed that run up why? I want my trades
to be perfect! why can't I just buy it at 6.02?

same with selling I will not sell till it hit's my sell order
well, I missed it too by a few pennies.. and down she went! :mad:

Is it GREED that's doing this?

I took 25k and turned it into 100k but now seems like
I'm trying to be too perfect at everything and this could
wipe me out...

:confused:
More...
=============
Mr. bat-trend
As Atticus/shephard says''average in, average out''

There is some risk in this sentence, but with years of study & liquid stocks,[Like MSFT...] liquid NYSE stocks ,simply use a market order for exit.Especially with a $5/$6 stock that ran up that %% in a day. I like reasonable limit order s for entry.

No thats not greed;
thats pennywise & pound foolish.

Congrats on the 300% advance;
unless you did that in 2 years or under 2 years, that would mean a risk level that almost is a ceratain prediction of failure.That is not a prediction, simply a very, very high probability.:cool:
 
being perfect is no wrong here.

do not try to correct it.

it is an edge. being perfect keeps you away from whim based trading or gambling.


I will suggest you keep doing that.

of course you will miss lots of opportunity.

I think your being perfect in the way is wrong.

for example, if you want to do long, then a perfect thing is: find a setup, put your stop buy there with a planned stop loss, I do not think picking a perfect bottom /top is being perfect.
 
@bat1

Regarding perfection. Getting the perfect fill for 100 shares and getting the perfect fill for 200,000 shares are totally different matters. The first requires knowing when to pull the trigger... the later requires a strategy for accumulating or distributing the stock through a period of time executing at many different prices through the use of different flavours of WAP algos, darkpools, etc...

So, in order to rid yourself of attempts to perfection, put yourself on the large player's shoes. execute your orders at different prices in small blocks... buying around a certain price range and selling around a price range, not at a specific and "perfect" price... cause at the end of the day if your order sitting at the perfect price doesn't get filled, then it isn't really perfect...

:)
 
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