Please Help.. Please
- Thread starter mrnate22
- Start date
I did not follow my rules today, and lost 2 times in a row, but still with last trade which was winner cut my loss to just $ 25.00
The hardest thing is to follow your rules, but if you can get consistent you will make profits.
The hardest thing is to follow your rules, but if you can get consistent you will make profits.
Oracle,
That didn't make sense.. How can u be consistent if u don't follow your rules.. the reason why I'm not successful is because I don't follow my rules which end up making me emotional..
For example today, the market was trending down and I still bought a stock.. my rule is don't buy if trending down but go short instead..
interesting.
every study I have seen done in the stock market indicates that buying after a series of downs produces better odds of success than buying after a series of up moves. Opposite for shorting. surf
Quote from Mysteron:
Taking a long position between 11am - 12 would have been a good bet with the right stock.
Mysteron,
Hypothetically yes, if I had bought at 11-12, then I'd be up by a lot today but that was hard to have predicted.. in fact, I was surprised it kept going up and up and up..
What I'm more upset about is I get too excited to enter into trades and I can't help myself..
Marketsurfer,
You're actually right.. I know that too..I have that as one of my strategies but for some reason I'm not that good at it yet.. I'm still trying to get better at this specific strategy cause I know how well it works.. I'm sure you're good at it..
But what I'm more worried about is my mental state instead of technicals..
It was clear as a bell.
The lines are drawn BEFORE you get the signal. The lines are what provides the SPACE (context) in which the signal occurs.
You are listening to a lot of BS in this thread.
you have wasted three days already.
You do not even log as yet. You do not even annotate as yet.
Make a list of those posting in this thread who do both annotations and logging.
So far all you are doing is learning failure.
read daring's thread on channels. He proves he is a dipshit in only a few posts.
A double bottom analysis was done by a lackey of Neiderhofer. Neiderhofer used the report and then he screwed up as a result. Don't be a dipshit if you do not have to.
You can't even imagine what the volume told you BEFORE the Price signal was given to you.
Then you are gambling, not trading. Trading for a living is a business; you can't just make random decisions and expect to be profitable.
If feel that you can't help yourself, then you're dealing with an addiction and a 12-step program is an effective method of overcoming a destructive addiction:
http://www.gamblersanonymous.org/ga/content/recovery-program