Quote from DblArrow:
A lot of negative comments here.
Working under the assumption that you have a viable trading system/methodology all of the above mistakes are psychological. You do don't you? Something you KNOW is profitable when followed properly.
It only has to be a long process because you are telling yourself it is so. All of these mistakes can be fixed at the next trade IF it is your intention to do so. You can wait for the proper set up, however you choose to take marginal.
Mark Douglas, I think it was him, says we get from the market what we want - it has taken me many years to understand that. I didn't really think I wanted to loose money, but my results were loosing money. Thus I was getting what I wanted - my results proved this to be true.
I would suggest that the long way to success seems to be the norm, but does not need to be. All you need to do is make the right choice at the point of decision, be it wait for a trade or take a stop or take profit. It is that easy. You already have a proven and effective strategy so carry it out as you know you need to.
I write this as a reminder to myself. I put these positive affirmations daily in my journal - stating that I only take trades in accordance with my system, my system tells me where to place my stop, my target, how many contracts, etc. and I KNOW it works so therefore it makes it easier at the point of decision.
