Psychological and emotional triggers in chart patterns

I'm having a very profitable week daytrading. Chart patterns were used for at most, 10% of trades.

What matters is trading ranges, momentum breakouts, tape reading, sequences of entries, timing/time of day, VIX trend etc.

The stuff poser-educators can't teach. Real traders know the difference :D
 
KCalhoun said:
What matters is trading ranges, momentum breakouts, tape reading, sequences of entries, timing/time of day, VIX trend etc.
More...
There ya go 9003, there's a list that works from one trader off the top of his head.
It's not an exclusive, exhaustive list.
It's a list that works for him.
Good enough is good enough. Perfiction is not required.
Time of day - mid-day doing better these days? How-Why?
Tape reading? What are a few pointers in these quarters?
You should give away free trading access for the month of April! C'mon man!
 
how am i supposed to know what triggers me
Im a noob
Chart looks like its at the bottom i buy
Turns out it wasnt the bottom
If i knew i wouldnt be here i would be in mexico at a hotel drinking tequila
 
mute9003 said:
how am i supposed to know what triggers me
Im a noob
Chart looks like its at the bottom i buy
Turns out it wasnt the bottom
If i knew i wouldnt be here i would be in mexico at a hotel drinking tequila
More...


How do you feel when you hit the buy button,
are you comfortable and relaxed, or anxious
and nervous?

Do you feel confident that you are making a
good decision, or are you worried that you
are making a mistake?

Once you have bought your stocks, do you
feel stressed out and stay staring at your
computer/iphone, or could you lay down
and take a nap.

How are you setting your stops, are you
setting them to capture profits or are you
more concerned about stopping loss?
 
deaddog said:
You are a noob.
You buy at the wrong time.
What is it that specifically triggers you to do that?

You have the answer if you look deep enough.
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1. FOMO
2. The pure raw need to DO SOMETHING. Serously.

yes. I’m a noob.
 
mute9003 said:
how am i supposed to know what triggers me
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Well it's you that's being triggered. How do you expect someone else to figure you out?
Ask your self Why? And as long as you are honest with yourself you'll find out what triggers you.
Im a noob
Chart looks like its at the bottom i buy
More...
What makes it look like it's at the bottom? What makes you think it won't go lower?
Turns out it wasnt the bottom
More...
It's a probability game. You won't be right all the time. All you have to do is lose less money when your wrong than you make when you are right.
 
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