Something a trader should never do
- Thread starter OddTrader
- Start date
Don't enter a trade thinking about how much money you are going to make. Enter a trade thinking about flawlessly executing your setup.
Don't deem yourself a failure because of a loss. If you messed up, learn from it. Write it down over and over again until you get it...If the setup didn't work out, just move on to the next opportunity.
Don't deem yourself a failure because of a loss. If you messed up, learn from it. Write it down over and over again until you get it...If the setup didn't work out, just move on to the next opportunity.
Scaleout.Scalper
Guest
Dont fade the feds 
Trying to pick a top in an up move cost me 3 trades in a row.
Tryng to predict when the market will turn, although right in the end, the turn was limited and not really worth it, wasted too much time holding GU short, when I should of been trading GA fir huge profits ;(
Still a positive day, so no real worries
Tryng to predict when the market will turn, although right in the end, the turn was limited and not really worth it, wasted too much time holding GU short, when I should of been trading GA fir huge profits ;(
Still a positive day, so no real worries
Scaleout.Scalper
Guest
3 losses in a row is not the end of the world, especially if you have an edge in catching tops, usually a top reversal should nullify 3 losses in a row, and then some, so not sure how this qualifies as a "Don't", depends on the trader.
I would if been better joining the up move as i should do for 15 then playing the range while it was flat.
-$36 on the 4 GU trades, still +$140 on the day, may try for some more shortly last hour into US close in generally good.
Bad day for me.
Never fully believe anything..
If that's aimed at me, then all trades posted live in my journal, a few I didn't post entry, but I've got losses I didn't post the entry to there aswell.
But in general FOR SURE
I'm just answering the thread question 
... Unless you want to talk shop?
... Unless you want to talk shop?