Aliassmith Psychology 101 and other stuff
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- aliassmith
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- aliassmith
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- aliassmith
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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!
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!
Trade Your Way as Long as It Makes Money!
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!
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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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!
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.
Trade Your Way as Long as It Makes Money!
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- aliassmith
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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
- TygerKrane
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