I am usually studying the markets when they are closed, watching the charts, looking for something and have succeeded in finding that something so looking for more ! Many of us do that. these are all discoveries on our personal levels and it's too hard to explain what we found ( and some of us don't like to disclose those cracks for simple reason, that is " i found it " ).
Now i am assuming that there are many like me who have a system that is a profitable one, have strategies which if traded with discipline can give profits CONSISTENTLY. I mean to say that we have a strategy and plan and blah blah... But, when it comes down to final showdown ( trading session ), we mess it up. we take impulsive decisions and right after entering or exiting the trade, we regret it or when we are in the position, sometimes it becomes too damn hard that we are no longer holding the position but instead the position is holding us. and that too for a simple reason, we have lost money in day trading and we are scared of losing more of it. therefore the decisions taken at that time are bad ones. Those decisions are emotional ones. they are out of greed and fear and frustration AND we are not breaking any discipline, they are......
We are talking about psychology here.......
And we will try to beat those emotions by doing all are preparation before the trade and during the play time, we will just let the robot trade....
The fight for me here is not to become profitable in day trading, that i already am. It is for reaching up to a level where losing is not an option........
Since the material would be less i will not be posting frequently.....
Now i am assuming that there are many like me who have a system that is a profitable one, have strategies which if traded with discipline can give profits CONSISTENTLY. I mean to say that we have a strategy and plan and blah blah... But, when it comes down to final showdown ( trading session ), we mess it up. we take impulsive decisions and right after entering or exiting the trade, we regret it or when we are in the position, sometimes it becomes too damn hard that we are no longer holding the position but instead the position is holding us. and that too for a simple reason, we have lost money in day trading and we are scared of losing more of it. therefore the decisions taken at that time are bad ones. Those decisions are emotional ones. they are out of greed and fear and frustration AND we are not breaking any discipline, they are......
We are talking about psychology here.......
And we will try to beat those emotions by doing all are preparation before the trade and during the play time, we will just let the robot trade....
The fight for me here is not to become profitable in day trading, that i already am. It is for reaching up to a level where losing is not an option........
Since the material would be less i will not be posting frequently.....