MightyOne wrote:
Do not focus on the result of a trade, focus on the ideas that guide your trading.
As a card counter knows that short term results will not deter success so should you also know the reason for your success:
I know that long term charts will make large moves with or without me & that these moves are measured from one extreme to the other.
I know that price can neither rise on wicks nor can it fall without closing lower.
I know that trading is placing and trailing stops.
I know that I trade small charts for low risk accumulation and not for pips.
I know that if I am in the market with SIZE when a large move is made that I will make huge amounts of money; it's simple math.
The money is in everything I know to be true...
triangles and other patterns make pips, but it is not about pips it is about being in the market with SIZE.
Once you realize that the name of the game is not 'Pips' you will naturally gravitate towards the direction of profit.
Would being a leaf help in this regard?
I start with my idea of trading from extreme to extreme from a higher timeframe AND THEN drill down to lower time frames to see whether my idea has the potential to bear fruit. Should the wind blow in the direction of profit, being the good little leaf that I am, I allow myself to be carried towards +$$%.
I got stopped out on EU yesterday. Incredibly frustrating seeing as after the fact I realised I had been ignoring what you had been saying despite deluding myself into thinking I was following your principles.