Patience

[Handle123]

Quote from Wide Tailz:

I think it gets much easier to know your own psychological roadblocks once you experience your reaction to a winning trading system, real time with your money.

I don't think patience is the problem, just unwillingness to take trades that have the winning setup.

What's a winning setup? One that makes money.

How to find one? Find yourself, in the market. Unfortunately, in the process, you find all your hidden problemz.......

For the majority of the traders that lose, the brain gets use to losing as it is an event that happens the most. So the brain is actively seeking out losing trades for those kinds of traders, the brain is happiest when it finds a setup that knows will be a loss. But when a losing trader takes a trade that the brain doesn't like, the trader has all kinds of problems staying with the trade cause the brain is totally uncomfortable cause it does not "fit" what the brain is use to seeing. So while in the profitable trade, he is feeling all kinds of threats as the brain is telling him to get out or feeding them false ideas cause the brain is feeling pain of being in a situation that does not occur often. It is very hard to overcome this.

Took me a few years to overcome, but now I believe every trade will be not a loss. So my brain looks for setups that will not lose. Of course I have losses, but much less than in my beginning.

 

[trader198]

you are in the point.
human brain learn things by association.
if your setup does not work this tiime, next time you see a silimar setup, the brain will tell you this one does not work either, so you hesitate.
in reality, every second is unique. even we have similar setup, but every time is different.
so you need tell your brain: this time is unique, look for any information that looks different, do not seek information to prove this time is the same.

Quote from Handle123:

For the majority of the traders that lose, the brain gets use to losing as it is an event that happens the most. So the brain is actively seeking out losing trades for those kinds of traders, the brain is happiest when it finds a setup that knows will be a loss. But when a losing trader takes a trade that the brain doesn't like, the trader has all kinds of problems staying with the trade cause the brain is totally uncomfortable cause it does not "fit" what the brain is use to seeing. So while in the profitable trade, he is feeling all kinds of threats as the brain is telling him to get out or feeding them false ideas cause the brain is feeling pain of being in a situation that does not occur often. It is very hard to overcome this.

Took me a few years to overcome, but now I believe every trade will be not a loss. So my brain looks for setups that will not lose. Of course I have losses, but much less than in my beginning.

 

[Wide Tailz]

Quote from Handle123:


Took me a few years to overcome, but now I believe every trade will be not a loss. So my brain looks for setups that will not lose. Of course I have losses, but much less than in my beginning.

Same EXACT thing happened to me about a year ago. I lined up all my winning trades in a few images and they looked nearly alike. I memorized the picture and it was much greener from then on.

 

[dptrading]

The most important thing I learnt was to wait for signals that would confirm I was trading with the trend, rather than buying a falling stock and selling a rising one. Contrarian views have never worked for me, and so being patient and waiting for a signal that the market had bottomed/topped has been very important. The rest is here:

www.tradingpimm.blogspot.com

Even now the S&P looks overvalued and I voice it daily, but whilst there are more bulls than bears it will be very hard for the bears to make any money.

 

[hkrahra]

The most important thing you didnt learn yet.

 

[Joe]

Quote from hkrahra:

WTF?I`m so fucking sick and puke of the word ''Patience'' so hard,so every time i see this word when i read something,i want to crack my screen or the head of the author who wrote about PATIENCE!!!

Now i`m reading the horoscope now....

-''You got to be patient...''

OHHHHH...FUCK YOU AND THE PATIENCE!!!!!!!!!!

You need to watch your language or you will no longer have a presence here.

 

[zdreg]

Quote from Joe:

You need to watch your language or you will no longer have a presence here.

his post doesn't hold a candle to the hysterics of certain moderators who don't have a modicum of verbal restraint.