Quote from Flashboy:
but I do miss out on good continuation trades with the trend because I am too concerned with when/where the market will reverse..
That's it. Right there. You're afraid of when the music's going to stop and you won't be able to find a seat (or in this case, get out of the seat/trade).
Try this, as it helped me. Look at the idea that *maybe* you're not built for holding the length of a tradeable trend. Consider the idea that holding out for the 'whole' thing makes you nuts and you'll never suppress your urge/fear with this.
Try sim or paper trading with higher volume but with MUCH faster initial exits/scaling out. This is what was the 'light bulb' moment for me and has what has helped me turn my corner. I don't stay in for the whole move any longer. I scale it then start scaling out quickly. It rings the cash register much earlier and makes me relax about hanging on to the last piece awaiting what might be a good move.
If you're moving all in in one trade and then moving all out, you're killing yourself like I was.
Scale in in thirds and scale out in thirds starting quickly (like a few ticks). See if that helps.
I didn't start making any $ until I started trading this way and stopped trying to fight my personality.
