Trading Psychosis

[masterm1ne]

Well yes, A good trader could make the sum of everything that I have lost in 6 years back in a month.

I honestly have no idea why I can't sit on a trade. That's why I posted here. I want to see what people have done to get around it. I have no trouble entering, which was something I had to get over as well. It's in holding, and the uncertainty and waiting I can't do at this time.

 

[smallStops]

I have no trouble entering, which was something I had to get over as well.

It's in holding, and the uncertainty and waiting I can't do at this time.

You are lucky again to have been able to identify clearly where your next hurdle is.

* How did you get over the trouble of entering a trade? could you use the same approach for the other problem.

Also, I have been wondering about your statement of "7 years of mental abuse": could this have been a major factor in your lack of confidence?

 

[Trading Education Buyer]

Well yes, A good trader could make the sum of everything that I have lost in 6 years back in a month.

I honestly have no idea why I can't sit on a trade. That's why I posted here. I want to see what people have done to get around it. I have no trouble entering, which was something I had to get over as well. It's in holding, and the uncertainty and waiting I can't do at this time.

You are closing trades early , because of the need to be right , fear of loss or seeking certainty in a trade (there is no certainty in trading outcome).Stress make you flee (flight or fight is a stress response , see google search).Your emotions are requiring profit , hence any adverse movement against you is leading to flight /close out of trades.

You are trading your emotions.Your emotions require certainty and profitable trades.

https://www.elitetrader.com/et/threads/traders-trade-emotions-they-dont-trade-methods.303238/

View attachment 166922

Tick-itis is a frustratingly painful dis-ease uniquely associated with short-term trading. And the interesting thing is that it even affects people who think they are immune to such things. Indeed, it’s a very insidious dis-ease.

It’s a very easy problem to diagnose. You know you have this dis-ease when after a trade entry each and every tick that moves away from your target feels like a personal assault or attack, and each tick in the direction of your target feels like a bit of hope or relief. Tick-itis.

This dis-ease is an epidemic among traders, especially newer traders and is also seen with traders trying to climb up out of a hole.

https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=tickitis

 

[lawrence-lugar]

so your losses were a bit less than one month of trading profits.
Do you really think the losses are the trigger/cause of your lack of confidence?

If a trader can have a month's worth of profits wiped out in one trade...then that is a rather shitty, broken trading system to begin with

...Just something to think about or reconsider,

 

[smallStops]

If a trader can have a month's worth of profits wiped out in one trade...then that is a rather shitty, broken trading system to begin with

...Just something to think about or reconsider,

That's true IF it is the trading system that is at fault.
It could be the trader's not doing what he is supposed to do that could be the problem.

 

[Zzzz1]

Literally the first rational post by you I found, ever. Bravo and congratulations. So you actually can, if you really want to.

Yourself. Fuck the psychology.

It's all on YOU. Only YOU can pull the trigger and take a trade

Break capital up into smaller pieces. Risk .3 - .5% of account per trade. A few losses will have a negligible impact on account value.

Ur experience is similar and a logical reaction to losing money. When traders lose real money on a decent sized account it screws with their head. It's real money lost. HAppens to everyone. Think about it. Why would any sane rational person gamble hard earned money away ? Ur brain is afraid for a very rational reason. Size way down until ur consistent then size up

 

[comagnum]

If this of any help as far as having problems letting winners run. The things that help me with that is:

#1. Having a profit target before entering the trade along with a stop. I use a bracket order.
#2. Limit my trades to only a few each week. Over trading wipes out capital.
#3. The less interaction I have with a live market the better I do.
#4. The market does not validate me. I simply trade my plan and focus on executing my own
best practices. I expect to have some losing years - it's just part of the game.
#5. Take time off when trading is not going well - or trade smaller size.

Cheerio ...

 

[achilles28]

First his mega loss(ES????) are not just a hazard. Before he went to do whatever that created his mega loss(ES???), he knew pretty well what he should have done, and should not do. And still he did it. Psychology.
Second, obviously his trading has revealed to him that his unconscious mind is able to take over in certain conditions. Here, he is thus getting a chance to know he has something to clear up at the subconscious levelµ. Psychology
Third, when a problem comes up, it is better to sort it at the core level, as Psychology will just show up in other situations sooner or later.
He could very well compound his account for many years, then find other ways to blow up his money. Psychology.

Why do you sound hysterical ?

 

[achilles28]

Well yes, A good trader could make the sum of everything that I have lost in 6 years back in a month.

I honestly have no idea why I can't sit on a trade. That's why I posted here. I want to see what people have done to get around it. I have no trouble entering, which was something I had to get over as well. It's in holding, and the uncertainty and waiting I can't do at this time.

Listen to me son.

Enter a trade. Once stop is set to breakeven. Walk. The. Fuck away from the computer and don't look at that position until the next DAY

The only way us retailers make bank is by letting our winners run. Run forever if possible. Run for days and dAys. Swing all those day trades into swing trades. Trust me. You're no longer a day trader. U day trade entries but swing trade open positions. This is the only way you can "let your winners" run. This is how we all do it. We all just sit on our hands and wait. Wait and watch. You can't reinvent the wheel son. There's nothing to reinvent. You just pick to wait and watch like the rest of us or continue churning ur account into confetti

 

[thaitye]

I am an extremely talented trader./QUOTE]

Are you sure about that? You're whole post screams of trying to compensate for something you lack.