When I talk to traders that are actually making money, I find out that they have one thing in common. They don't use stops and they view one trade as a series of trades. Usually adding till price swings around, getting them a profit finally. While I am not sure I could trade that way or want to, I will have to admit that I tend to do that on sim and it has turned most trades into winners. Yet when you do that against a major up or down move you get screwed big time. I think I will continue to use a 2 pt stop and just take my medicine if hit. I seem to be able to get my goal if I keep chipping away and just take low risk trades as I see them. Unfortunately that usually involves just reading price action and context and as such I tend to feel I don't really have a method. But I have found most (methods) suck. But if I am able to daily get around 4pts then I must have a edge and a method even I am unable to explain how I trade.
Somehow I must learn to see things when trading live as I do in sim. The brain glaze must go away !!
The Monster Within Me
Derivative transactions are not suitable for all investors.
Past performance is not indicative of future results.
The information provided here is for educational purposes only.
The Monster Within Me
There is a monster within me. His name is Phil. These are the journal's that will record my battle with the monster and his attempt to keep me as a losing trader. But I will prevail and learn to control this monster within me. I will be a great trader, I will be in control of who I want to be.
I will SLAY THE MONSTER within me so that it can no longer control me and my thoughts.
By becoming an Observer of the self, I give authority to the Empowered parts, to be all I can become.
Brick by Brick
No comments:
Post a Comment