prochargedmopar wrote:Alias, I finished the 4yrs of archived video's in PTC(100's and 100's) and now listening to personal power.
Would it be true to state that your previous scalping "system" was just that, and it kept your emotions out of the game? But now your becoming a discretionary trader and your having to face the emotions of fear/greed.......pleasure/pain??
For me, I from the start was a (mental stop loss) kind of guy and have NOT been able to follow any system because I've seen their shortcomings from day one of my studies.
As an emotional person, it's been hell not having the guidelines of a "system" to fall back on.
Slow process for sure.
Well my initial scalping system was a little scary at first. It was high
leverage and fast trades, ie. less than a minute. There was hardly anytime
to think so my mental issues went away real quick, especially after I had
some great results.
What I do now is really discretionary. The trades are longer, 5 minutes
to 25 minutes roughly. That leaves a lot of time for the mind to wander
and scramble my plan.
After I listened to Tony, I realized it must be some sort of fear or self
sabotage. Now I am trying to condition myself to believe there is more
pain not following the game plan.
The market is not out to get me
The market moves in a fairly logical way
The market is not exact, it is an approximation
My skills will determine my success not luck
I am the master of my destiny
I take responsibility for my actions
There is no excuse for failure
A losing trade is a learning experience
Losses will happen on the way to the finish line
It is not about being right, it is about making money
As I told someone recently. I trade a simulator and can make 40 to 100
pips in the first half of the US session. I trade live and it is a struggle to
make 20 pips.
Controling the mind and being confident are key.
I believe I am closer to getting over the "hump".
If you take Tony's lessons to heart PRO you can do well.