Why do i keep buying at the wrong time?

[PPC]

What self sabotage looks like...
Had 4 green days where i traded properly all week.
Woke up on friday thinking. One more day and i will have a green week.
Then i buy these two stocks
TELL bought as flyby for no reason. It dropped like a rock the next day. Still dont know why i bought it.
KITT tried to trade. was planning to exit with a small loss if didnt go my way.
should have sold where i planned to sell
Shoulda sold at 20 dollar loss when i saw that it was not moving up anymore
Shoulda sold when it hit my break even price multiple times giving me a chance to exit.
made same mistake that cost me in the past many times.
What it feels like for those who never had to deal with self sabotage.
You literally black out in a way.
I froze every time i had a chance to exit at break even or a small loss.
Or in other words you get locked out of your own brain.
While it tries to correct the events to allign with the self sabotage belief that its operating under.
Extremely shit feeling to be a passive observer of events and being locked out of your own mind.
Watching yourself make a mistake while your logical mind is processing it at the same time completely aware that whats happening is a mistake and you shouldnt do it.

can be confused with fomo. But its a bit different. Fomo feels different i have control i just chose to take certain stupid actions and there is no internal resistance of blackout

You’re not a trader by any stretch of an imagination and you have zero chance of ever becoming one until you wake up from denial and stop gambling.

Take responsibility for your actions, learn to control yourself and do not blame it on self-sabotage.

You’re a compulsive gambler unable to control yourself and you’re destroying your (and your family’s) life, yet you describe it as “trading”.

You should seek help of competent counselor to help you deal with your underlying emotional pain instead of feeding the stock market’s slot machine when you’re emotional and mentally unfit.

 

[poopy]

@Xela, still punting E6?

 

[semperfrosty]

@Xela, still punting E6?

I think this is what they call an Easter Egg?

 

[SunTrader]

Aloha @SunTrader!

Might you be able to elaborate on this, please? Are you talking about time between swings/peaks/troughs or maybe time trending/ranging?

Thanks!

Many ways to use time.

Daily: Day of week/month/year and anniversaries of key market swings/news events.

Intraday: Time of day (1st and last half hour), time cycles such as 5/6/8 minutes. Fib time "retracements" and projections too.

But my main one (in Excel) is Gann Sqof9 time projections from each day's opening and swing hi/lo points upto that point. Ditto for price.

 

[HawaiianIceberg]

Many ways to use time.

Daily: Day of week/month/year and anniversaries of key market swings/news events.

Intraday: Time of day (1st and last half hour), time cycles such as 5/6/8 minutes. Fib time "retracements" and projections too.

But my main one (in Excel) is Gann Sqof9 time projections from each day's opening and swing hi/lo points upto that point. Ditto for price.

Aloha SunTrader,

Thank you for your reply. I have not heard of trading off of anniversaries of key market swings/news events and the gann square

I also have not considered looking at timeframes outside of 1,5,15,60 minutes (which I’m always looking at for nesting fractals)

plenty to read into.

mahalo!

 

[Sprout]

OP buying at that wrong time yet I bet focuses on almost exclusively on price (and maybe indi's etc) ... but not time.

Time is more precise than price

I posted these to just show what kind of sabotage im dealing with to see if anyone else had to deal with this.
This is not fomo.
I had about 10 minute window of swlf sabotage dueing my trading and this is what came out of this.

I have these "lockouts" in other Situations as well

You could read up on some Jared Tendler's
The Mental Game of Trading (website)

A brief description;
https://www.elitetrader.com/et/threads/the-mental-game-of-trading-and-power-vs-force.373497/

It's a common experience for those starting out.

Your frontal lobe is compromised

 

[semperfrosty]

Aloha SunTrader,

Thank you for your reply. I have not heard of trading off of anniversaries of key market swings/news events and the gann square

I also have not considered looking at timeframes outside of 1,5,15,60 minutes (which I’m always looking at for nesting fractals)

plenty to read into.

mahalo!

SunT is the man,however maholo also to you Iceberg for 'nesting fractals'.

Another interesting rabbit hole to go down.

 

[Sprout]

Aloha SunTrader,

Thank you for your reply. I have not heard of trading off of anniversaries of key market swings/news events and the gann square

I also have not considered looking at timeframes outside of 1,5,15,60 minutes (which I’m always looking at for nesting fractals)

plenty to read into.

mahalo!

Michael Jenkins, although dry, is a much easier access point into Gann. Idk if the developer is still around but Gannzilla is fun software to play with.

You can find many of his work as pdfs on one of the popular forex sites.
TimePrice Research - Astrofin also has many Gann references.


"The Thirty-Second Jewel" by Constance Brown is remarkable work as well.

If the above is too 'woo', then for the more main-stream science focused; Robert Edward Grant's 'Philomath' and his accompanied website is a wealth of knowledge probing the relationships between mathematics, geometry and music.

https://time-price-research-astrofin.blogspot.com/p/cycles.html

 

[semperfrosty]

Time is more precise than price




You could read up on some Jared Tendler's
The Mental Game of Trading (website)

A brief description;
https://www.elitetrader.com/et/threads/the-mental-game-of-trading-and-power-vs-force.373497/

It's a common experience for those starting out.

Your frontal lobe is compromised

I cant speak for @suntrader,but I believe he will reference an intersection between time and price as the key,rather than one over the other.

But thanks to you,as usual,Sprout for highly useful info.

 

[semperfrosty]

Michael Jenkins, although dry, is a much easier access point into Gann. Idk if the developer is still around but Gannzilla is fun software to play with.

TradingFives website is also helpful.