Psychology journal
- Thread starter nooby_mcnoob
- Start date
FOMO is always there, especially "should have held longer" but this is harmless as I don't act on it. Revenge trading: nope. It's counter-productive.
When winning big (for example, 5 figures in a couple of hours last night) had me shift the mode of thought to "how do I do this more often..." rather than celebrating.
I think the biggest trouble I have is the discomfort when holding a larger position.
With enough of data/trades,
- yes, replicating the winning approach,
while trying to understand, the couse behind it.
With enough of data/trades,
- yes, replicating the winning approach,
while trying to understand, the couse behind it.
The answer seems to be "trade more things" as opposed to "make more trades".
Your in a random state of transition, its never going to feel regular until you burn it in, this is done with repetition, so if your trading size than that size has to be a regular behavior. This than becomes your new comfort zone.
I'm late to this part but my take on the who? This is not important, but the take away from this is, if you take anyone else's trades, this puts a pause on your own personal growth. Yes i know you might make money, but the parameters in which the other person is working under are not your own and may not be advertised and this puts you in harms way, plus if there is a loss than that adds another layer punishment to your own learning process. No thanks, i would rather learn on my own. Trading systems are personal, they encapsulate a persons own individual journey.
When one admits than this is a huge step forward, you can only go up from here. But you are not alone, society is a vast sea of brokenness and the bad part of this, is that most of them don't see them selves as broken.
Mcnoob,
i can think of many reasons why I can't agree with this statement. The first reason is, if you want to be a great trader you don't need to trade a bunch of different markets. Not all markets behave same, many behave differently and for this reason your results will be inconsistent at best. Just because the same signal is given doesn't mean it will work on each market the same way, in theory it should but because each market has its own personality quirks it may not. My old Trader friend Joe used to say me, you pick one market and learn it well and you will make a very good living at it. Markets have quirks and these quirks will put you in the poor house. Stay with what you know, if you have a method, play it until it don't play no more. If you can automate it? than try it on other markets until it doesn't work. but i wouldn't give up precious time on others when you have a winning approach on one.
Thanks for reading. I'm only thinking about it while idling, not really putting any resources on it. Of course the grass always looks greener right?
Thanks for reading. I'm only thinking about it while idling, not really putting any resources on it. Of course the grass always looks greener right?
Yes for sure and this gig does provide way to much time to idle and that's where i have problems as well, too much time to get distracted and when your distracted you miss out on opportunities, Just like now I'm shopping on amazon and i missed out on a popup at 1:04 in am.
