Aliassmith Psychology 101 and other stuff

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aliassmith
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Postby aliassmith » Tue Jun 01, 2010 1:11 pm

seems like volume is low today think i'll bail with 15 consecutive days in profit :D
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aliassmith
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Postby aliassmith » Thu Jun 03, 2010 4:48 pm

Guess it had to end sometime :cry:
16 consecutive trading days with profit and one down day today.
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aliassmith
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Postby aliassmith » Sat Jun 05, 2010 1:58 pm

I think the success went to my head. Had 16 days up and then I thought
I was superman and went two days down. I went back to figure out what
happen and I figured out I was not following my strategy and also blindly
holding on to losses. :(

Correction plan for next week: Follow plan or DIE! :lol:
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MightyOne
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Postby MightyOne » Sat Jun 05, 2010 2:22 pm

aliassmith wrote:I think the success went to my head. Had 16 days up and then I thought
I was superman and went two days down. I went back to figure out what
happen and I figured out I was not following my strategy and also blindly
holding on to losses. :(

Correction plan for next week: Follow plan or DIE! :lol:


In my opinion, a gain is having the funds to trade more and a loss is lacking the funds to maintain your position size.

aliassmith
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Postby aliassmith » Sat Jun 05, 2010 4:31 pm

MightyOne wrote:
aliassmith wrote:I think the success went to my head. Had 16 days up and then I thought
I was superman and went two days down. I went back to figure out what
happen and I figured out I was not following my strategy and also blindly
holding on to losses. :(

Correction plan for next week: Follow plan or DIE! :lol:


In my opinion, a gain is having the funds to trade more and a loss is lacking the funds to maintain your position size.


"...a loss is lacking the funds to maintain your position size."

Have to have a fairly large loss if your broker gives 100:1 leverage to
not maintain position size.
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Postby Brookmyre » Mon Jun 07, 2010 6:14 am

Alias, what part of your plan did you stop following?
I've learned from my mistakes and I'm sure I can repeat them exactly - Peter Cook

aliassmith
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Postby aliassmith » Mon Jun 07, 2010 1:26 pm

Brookmyre wrote:Alias, what part of your plan did you stop following?


:lol: just about all of it! Reverted back to old habits of placing order into
extremes and not waiting for corrections.
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Postby Brookmyre » Mon Jun 07, 2010 2:19 pm

:) Its funny how we all go thru the same things....I recently wrote down my trading plan ( for the 3rd or 4th time) and each time I do it I get more detail and leave less to chance and it all gets a little better and then I enter early or forget to check where the hourly candle is or some other stupid mistake...it's so easy to deviate from the plan and I regret it each time. I think I may put at the top of my plan: Follow the plan or DIE........lol
I've learned from my mistakes and I'm sure I can repeat them exactly - Peter Cook

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TygerKrane
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Postby TygerKrane » Mon Jun 07, 2010 3:23 pm

Brookmyre,
Are you zline trading paying attention to H1 color???

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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Postby Brookmyre » Mon Jun 07, 2010 9:21 pm

TygerKrane wrote:Brookmyre,
Are you zline trading paying attention to H1 color???


Usually. Either with the H1 or fairly close to where it will turn.
I've learned from my mistakes and I'm sure I can repeat them exactly - Peter Cook

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