You not a fan of them?MA'swhoops I'm outta here.
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New trader with huge problems
- Thread starter TPerakis03
- Start date
Have you read Mark Douglas' "Trading in the Zone," etc.? It sounds like for one thing, you're not accepting risk when you're afraid to pull the trigger per your trading plan:
“If you are unable to trade without the slightest bit of emotional discomfort (specifically, fear), then you have not learned how to accept the risks inherent in trading. This is a big problem, because to whatever degree you haven’t accepted the risk, is the same degree to which you will avoid the risk. Trying to avoid something that is unavoidable will have disastrous effects on your ability to trade successfully.”
― Mark Douglas
Try reading some of these quotes and see if any of them apply to your issues:
https://www.goodreads.com/author/quotes/148119.Mark_Douglas
Suggest you read his books and watch his videos on YouTube... e.g.:
“If you are unable to trade without the slightest bit of emotional discomfort (specifically, fear), then you have not learned how to accept the risks inherent in trading. This is a big problem, because to whatever degree you haven’t accepted the risk, is the same degree to which you will avoid the risk. Trying to avoid something that is unavoidable will have disastrous effects on your ability to trade successfully.”
― Mark Douglas
Try reading some of these quotes and see if any of them apply to your issues:
https://www.goodreads.com/author/quotes/148119.Mark_Douglas
Suggest you read his books and watch his videos on YouTube... e.g.:
I can relate. I did so well with short time frames for a long time but had to adapt to incorporating longer time frames and the road is a mindf*...retraining well-reinforced instincts. It's still a daily battle. Know yourself, know your inner voice, and be a friend to yourself. That sounds emo, but don't beat yourself up when you fail to meet your goals. The next one you will be better and good things are going to happen. Trading short and longer term is a challenge because every long term move starts with a short term move, but not all short term moves turn into a long term move, and you've got to keep a clear mind. But don't stop believing in yourself and your ability to overcome your challenges. You got this.Hello guys, my name is Tsepo and I’m 24. I started learning about stocks and the market about 6 months ago and actual trading about 2 months ago. My profit factor is 2. I have 2 questions, how do you manage exits on smaller timeframes and has anyone ever had a sort of mental block when trying to take longer trades? I’ve watched 5-6 swing trades go in my favor 50+ points each in the past couple of weeks and it’s really been getting to me because I didn’t take the trades even after I saw patterns on the larger timeframes and marked out the proper target areas. I understand this follows the emotional side of trading but has anyone ever encountered the same thing and how’d you get past that? PS: I’d really love a trading partner to talk about swings and day trades with.