Please Help.. Please

Thanks again guys..

Today the market opened and again I got too excited.. I got half hearted setups and I paid the price.. i was emotional and upset..

I did spot a great setup which worked as usual (70%+) so it
compensated for my losses but Im not usually this lucky.. Maybe trading is just so hard and I can't do it.. You guys are so lucky to be able to do this..
 
You can program your brain with self-created propaganda posted in front of you at your desk, on the ceiling over your bed, above the mirror in the bathroom, dashboard of the car, etc.

An example: "Don't do anything unless it's really right"

Print that out, post it all around your living space, and you may experience relief from these seemingly uncontrollable impulses.
 
Quote from mrnate22:

Thanks again guys..

Today the market opened and again I got too excited.. I got half hearted setups and I paid the price.. i was emotional and upset..

I did spot a great setup which worked as usual (70%+) so it
compensated for my losses but Im not usually this lucky.. Maybe trading is just so hard and I can't do it.. You guys are so lucky to be able to do this..
More...
yes, trading in your pajamas just staring at a computer is how all lucky people end up.

The unlucky ones have wives and jobs and friends.

Not to mention 401k's and IRA's.
 
Quote from mrnate22:

Thanks again guys..

Today the market opened and again I got too excited.. I got half hearted setups and I paid the price.. i was emotional and upset..

I did spot a great setup which worked as usual (70%+) so it
compensated for my losses but Im not usually this lucky.. Maybe trading is just so hard and I can't do it.. You guys are so lucky to be able to do this..
More...




More than 90% of small traders lose. They just lose!



"The Chickens are coming how to roost."
 
Quote from NoDoji:

What was the contract/equity and what was the setup?
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The stock was PCYC.. I could care less about its fundamentals cause I'm pure technical.. The setup is a breakout strategy.. The first 5 min bar's high was 54.21 and when it broke that at 10:15, I was more than 70% sure it's gonna work.

I was surprised how well it worked though since we're trending down today but again my problem is the other stocks I trade just cause I get excited and can't help myself..
 
Quote from emg:

More than 90% of small traders lose. They just lose!



"The Chickens are coming how to roost."
More...

emg,

I'm starting to think that too.. The mental aspects of trading is just so hard..
 
Nodoji,

I bought PCYC knowing its gonna work and that's what I meant when I said I can spot great setups and be over 70% sure..

But as far as all my trades, I probably lose 80% of it..
 
Quote from mrnate22:

emg,

I'm starting to think that too.. The mental aspects of trading is just so hard..
More...


your answer to the question is easy.

don't be a small trader.
 
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