prochargedmopar wrote:If I didn't know better I would think that you simply did not care about being profitable...
Your right, I care about being profitable.
Lets be honest here though.
My actions show me that I want even more badly not to lose.
Maybe its not to be wrong?
Not necessarily to be right, thats not a big deal.
Losing is a kicker.
Im really not sure what to do, how to trade, or how to change my mindset.
A real PITA.
When scalping ( 1-5 min chart ) I will cover @ -8, -10 ,every time . When swinging/ day trading (15 + min chart ) . I will give a loser 20-30 pips then enter a hedge . A hedge puts the trade on " pause " and allows some time for the market to show it's hand .I can hold the trade for several mins or weeks and never experience " draw-down " . When a direction is obvious I can remove the losing trade and be in good shape . Dragon once said that he had over 200 winners in a row . I suspect that he was hedging .....Some one will say that hedging is just a " mind game " ..but isn't that what trading is all about ? . Of course you have to find a broker that allows it ....there are a few still around .......Take care ......Pro ..