Archive for the ‘Psychology’ Category
It didn’t dawn upon me when I first started trading, but now, come to think of it, is there ever a confirmation in Trading? Yes. After the “signal” given by the indicators, we shall wait when the price goes to a certain level before we know that the move is “confirmed”. In the chart above, [...]
On some days I win 10 trades in a row, on some days I lose 10 in a row. Why? It has occurred to me that trading conditions are changing everyday and not everyday is a good trading day. Some would call this luck. Of course, trading requires luck, the question is how to maximise [...]
I’ve read Phantom of the Pits and draw this analogy of trading as crossing a road. I feel that it is very good analogy. When we cross the road, we will look right and left. This is to check if there are cars passing by. Only when it’s cleared, we take our 1st step. While [...]
Yup, that’s what I found out in 6 long months. All the while I thought I was a little bit unlucky on some days but then come to realize that I had the toughest time when the emini russell 2000 was trending. I just couldn’t get the right entry due to my tight stop loss. [...]
Here’s the thing: this few days I have been on a losing streak and I feel very frustrated. But that’s not the point. The point is 1) I forgot the fact that this is a testing phase and testing requires one to take an objective view towards the results. I didn’t track the results and [...]
I took psychology as an elective in my last study semester. I took the S/U option and got a U, which means I failed but it doesn’t affect my GPA. Psychology struck me as too theoretical and too much to absorb. It doesn’t only require you to know the concept, you must also name it [...]
Finally, after one week of break, I can trade my beloved ER2 contracts. BOT 668.60 SOLD 669.70 +11tks SOLD 667.70 BOT 666.60 +11tks BOT 666.50 SOLD 665.70 -8tks BOT 665.40 SOLD 666.40 +10tks total: +24tks Mondays are always easy trading days because there is no economic data and very few earnings announced. All trades were [...]
This week I’m having an ICT so won’t be trading ER2 for the week. I think I missed out a nice week of new lows for the market. But anyway, even if I was trading the ER2, I won’t give shit about where the market would go. I just concentrate on the most basic factors [...]
I have been trading ER2 for about 3 months now, and I must say that it’s not as easy as it seems! First of all, there is a tendency for ER2 to be very very choppy in range days and no one single set of bracket can work for all setups. Then there is the [...]
Today I put up 10 trades and I lost money every single time. Why? I cursed and sweared but suddenly just realized one simple fact. My entries don’t work! Nothing to do with myself! I just didn’t have a good system and it didn’t work out for me. Instead of thinking that way, I became [...]
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