aliassmith wrote:Mira wrote:LeMercenaire wrote:
Totally agree.
Gaining knowledge of new things is fun but when making a living, find something you're good at, that you enjoy (not necessarily the same thing but it helps - and at least you can do that until you find something that ticks both boxes) and do it well.
Having said all that, you made me think of Bo Jackson and I'm off to YT to relive those memories! (If anybody out there hasn't heard of Bo Jackson and you have any interest in sport at all, do yourself a favour and check him out - if the word awesome didn't exist, then someone would have to invent it to describe his talent! Played both Pro Football and Pro Baseball at the highest level in back-to-back seasons through the year).
Had the privilege of seeing him play for The Raiders.
You should see him just now, his fitness levels are astonishing.
He could have played pretty much any sport he fancied - check out his Wiki page.
Anyway...sorry, it's a slow day, lol. That was a nice diversion.
Where were we?
For us mere mortals...
Pick one thing...keep it as simple as you can make it...get as good at that one thing as you possibly can.
Thank you guys!
Last summer I started to focus on a trading plan for the first time, stick to one method and stay focused.
Well, i'm not the best trader of the jungle but things are going a waaaay better.
There are moments that i start to see more, then my brain go 0 to 100 real quick so i learned to slow down and go back to the plan
Sometimes i'm still confused about the direction, usually it happens when i go up&down between the time frames and i see different scenarios, breakouts and midpoints. However price will close above or below at some point, i accept the loss (just to see that my first choice was the right one lol).
Sometimes i still leave profits one the table trying to catch a "big one" and price comes back to zero me out, i know it.
Otherwise i'm VERY happy with my results and it's because of you
One of the most aggravating things people say when they trade is "I left money on the table" LOL.....
You will never consistently capture a whole move, unless you have a crystal ball. Believeing that you missed out is counter productive to your trading mindset.
Yep. It's poisonous and breeds resentment, negativity and a 'poor me' attitude.
Learning to love +1 and 'anything that's not a loss' is vital to a trader's psychological health.
I can guarantee that if you ask any successful pro if they ever regret missing out on a bigger move, they'd look at you as if you were nuts.
Anyway, if any move goes on into a strong trend, you should have developed techniques for jumping on board (not chasing a trade, that's different and a special kind if stupid).