Leoheart wrote:LeMercenaire wrote:aliassmith wrote:
Psychology is a big factor in trading. Do u know what triggers you.
You consider losses as a failure and not a statistical thing?
You trade to much risk so you make bad decisions?
Worried about being successful?
You wont make it unless you identify your mental issue and correct it thur sheer will. Change yourself or you method.
My own personal demon when setting out was the fact that, although I didn't ''care'' about money, I was a rabid perfectionist. I HATED it when I broke a streak of wins. I would NEVER end the day/session/hour/minute with a loser.
It was crippling me. So that was the one thing to break and I simply ended up using the same psychological techniques I used when kicking a football, which came down to - at its most basic - as my coach would say, ''100 million Chinese don't give a damn'', lol.
Why is friday not a good day to get into a position for a Long Term Trader? Besides the monday open gaps any other reason we should sit out on friday? Be safe friend.
It's just personal preference, buddy. I will trade a morning but just find my focus drifting as the day drifts on.
I guess it goes back to my "other" lives, as the weekend was always pretty much begun through Friday, due to getting gear ready to travel on the Saturday, or whatever.
That attitude just carried over.
As the Big Gorillas will look to settle their positions going into the new week, then there will be moves to play off of for those so inclined, so it's nothing to do with trading conditions for me.