I tilt/trade recklessly when I miss every move

roca said:
Hey,

I am day trading stocks and a lot of times if I miss every move out there, I get pissed and feel like I just woke up for nothing and wasting my time not making money so then I start tilting and trading recklessly or start trading Low Floats(Which I decided not to trade) and then I just blow a lot

Did someone have this happen to them? And how did you overcome it?

Thanks in advance :)
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It happens, forex is not easy but don't focus much on this. It's easy when you trade by logic. try to spot for trends first. Why not you try some hands on demo account? This will really help you in learning. Try to apply logics that you have learnt on it. And most important thing, keep patience while making trades carefully observe what is happening w.r.t to past trend. This holistically help you to learn.
 
I think every trader has been through it and its a part of learning, learning what shouldn't be done as a professional.
Revenge trading is nothing but emotions taking the wheel there is no easy easy way that you can learn it over night, it comes with experience and confidence you build up on your way
back-testing, live testing
building a trade plan as per your data and being confident in your plan
also factoring in probability when taking trades and following it even in a losing/winning streak.
 
its a tough bad habit to eliminate.

but you have to think monthly p/l, not daily.

but really its just a function of being a bad trader.

takes time if you're not 100% automated.

also why are you missing these moves? because you feel like you'd
be getting long too high or short too low, but if you adjust your size
you can still enter high or low and add on with smart trade management.
 
roca said:
psycho-cybernectics, is that from the book by Maxwell?
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%%
That will help, a bit.
A battle tested plan will help much more. And see what a benchmark like SPY is doing; most cant beat that+ if not you re wanting your time trading on any time frame.
DR MM has a new book/New Faces + New Futures.
Jack Scwager face will not help help you but his top trader books , can help you and your ''Future'' Skip the leverage, learning , unless the main goal is unprofitable drama.:caution::caution:
 
roca said:
I miss every move
I just woke up :)
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You're failing...'tilting'...because you're just gambling -- being an amateur, bright-eyed, naive, new gambler at the casino.
Think about it.

What separates the average casino patron...with one of the rare, true, casino success gambler stories,
This will solve your dilemma.

Way too many new, young, dumb, guys and people...enter this trading world...after seeing a stupid social media personality produce click bait content,
And they wonder how they lost money so fast,

Don't get fooled by trading ads and content across social media and the web.
You can't obtain a black belt in Karate and be a sexy action hero Star overnight.
It takes a great deal of time and commitment to reach a rare level of success.

Demon personalities across the web are not your friend. They are there to sell you courses, ad revenue content, subscriptions only to enrich themselves.
 
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VEGASDESERT said:
its a tough bad habit to eliminate.

but you have to think monthly p/l, not daily.
but really its just a function of being a bad trader.

also why are you missing these moves? because you feel like you'd
be getting long too high or short too low, but if you adjust your size
you can still enter high or low and add on with smart trade management.
More...
%%
MONTHLY p/l?? Only if he wants to run it like a business, LOL:D:D.
''Miss every move??''
WOW\ i would use a market order or better yet a generous limit order before i ''missed every move'' LOL.
With all due respect ''missing every move'' means a plan is not beeing followed or worse, have no plan..........................................................................The good news is, it's not random @ all; i did far worse than random my first year/LOL:D:D:caution::caution::caution:
 
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