It is indeed
In 2017/18 I lost my edge and my motivation too. I needed to change or leave
Things are good again, but no doubt I'll need to tinker what I do before long
This is an ongoing journey, and you need to adapt along the way
It is indeed
I can't remember his name but I heard a trader refer to that problem as "falling in love with a trade". Spending too much time or overthinking a particular trade can leave you psychologically attached to it and prevent you from looking elsewhere.Crumpets wrote: ↑Fri Jun 24, 2022 2:27 pmIt seems the more I analyse/prepare for an entry, the more I become 'tied' to that move. If my supporting horses start to 'misbehave', I justify keeping my position because ''I'm not in the red yet'', and more importantly, ''because I have done the work and this is the conclusion I drew''
Reading the market is the ability to arrive at a new (or the same) conclusion every x seconds or minutes, in that regard there's nothing to be attached to and the danger if anything is too many changes. Hanging on to a prior decision is reading the market once and then shutting your eyes and hoping.
yeah he does do a great job of clarity i think its all about tweaking a system working out were its failing foxwearthefoxhat wrote: ↑Fri Jun 24, 2022 12:50 pmelofan0 wrote: ↑Fri Jun 24, 2022 11:14 aminteresting video .. how to trade or not to trade
https://www.youtube.com/watch?v=s-IYdIQqHnw
Also, on some of his other videos he covers a lot of ground and presents the subject well.
Well he certainly seemed to crack the Youtube algo for this year, afaik it's an evolving thing similar to the markets. Seen the lad before even if I don't actively look for these types of videos, they somehow appear on my YT suggestions, or people link me because it shows up on theirs.elofan0 wrote: ↑Fri Jun 24, 2022 7:58 pmyeah he does do a great job of clarity i think its all about tweaking a system working out were its failing foxwearthefoxhat wrote: ↑Fri Jun 24, 2022 12:50 pmelofan0 wrote: ↑Fri Jun 24, 2022 11:14 aminteresting video .. how to trade or not to trade
https://www.youtube.com/watch?v=s-IYdIQqHnw
Also, on some of his other videos he covers a lot of ground and presents the subject well.
Indeed, even well prepared trading plans can fall apart quite quickly through no fault of your own, would maybe say the key overall would be to stay in control of your decision-making no matter what, not to become a slave to your overriding emotions. Easier said than done of course.ShaunWhite wrote: ↑Fri Jun 24, 2022 3:10 pmHanging on to a prior decision is reading the market once and then shutting your eyes and hoping.
But its just part of learning to think in the moment, first you need to learn that a loss 10mins ago means nothing, then the timeframe compresses so that 10 seconds ago means nothing. Try setting your stakes to £2 and hiding your PL column, it'll stop you looking at that red or green number that's just the ghost of your old decisions you.
Listened to the first 1min and thought, what he's done all that research and doesn't know why all that money is waiting to be matched to Lay at 1.01 ??!!elofan0 wrote: ↑Fri Jun 24, 2022 7:58 pmyeah he does do a great job of clarity i think its all about tweaking a system working out were its failing foxwearthefoxhat wrote: ↑Fri Jun 24, 2022 12:50 pmelofan0 wrote: ↑Fri Jun 24, 2022 11:14 aminteresting video .. how to trade or not to trade
https://www.youtube.com/watch?v=s-IYdIQqHnw
Also, on some of his other videos he covers a lot of ground and presents the subject well.
No, it sounds like you are well-read, but putting things into practice is a different beast entirely and it's where the work starts.