ShaunWhite wrote: ↑Fri Feb 14, 2025 3:34 pm
Blondie wrote: ↑Fri Feb 14, 2025 1:37 pm
Apart from the technicals of trading profitable, half of my problem is psycho stuff. always has been and maybe always will be. chasing losses, angry revenge trading after a whuipsaw etc etc. i do feel slightlybetter with this stuff now, but slighgtly isnt enough!
Catch 22, you're only doing that because you don't
know you're profitable, and you won't be profitable if you keep doing that. I'd suggest automation but you don't seem into the tech.
"watch an hour or two of a professional trading, ideally a recording so i could go back and see what i would have done"..... If you watched 10 people you'd see 10 different ways to do it. Any time or thing can make money if you focus on it and nothing else, for long enough. You just need to decide what your niche will be and then tailor the information you need around that.
What's the one thing you're focusing on ? Long swings, action at round numbers, range breakouts, volatile markets, stable markets, drifters, steamers, favs, outsiders, handicaps or the under card etc etc etc ?
Thanks, some good stuff there.
" I'd suggest automation but you don't seem into the tech." - I am learning slowly, have made some servants, basic ones. I must admit i have often wondered about automation mainly because it removes ME from the equation! by that i mean my flaws/mistakes. The reason I like the idea of it is because i THINK more often than not when I take a broad longer position (meaning ten ticks in either direction, one to my last exit the other to my stop exit) i get it right more often than not.
The problems come when:
- I get it wrong, so I see that hapening and exit before my stop loss trying to cut losses when its clear its gone wrong. Then i jump in in a split second to either trade the other way or get back into the first idea. I know this is stupid but the time I realise i am doing it its already done! sometimes 3 or 4 times and a big scary red is the outcome.
- I try to add to position (greed) and get in a mess with stakes which obviously moves my original red/green balance. Again just stupid in cold light of day
- I try to scalp on the way up./down, scalping is something i did a lot in years gone by. kind of hooked on it!
All of these equal bad discipline. Doing everything I can to improve, and i do think I am improving. but not fast enuogh.
I am wondering if I can make some servants to basically do what I intend to do when i open a trade. Fixed exits, fixed stop loss, let it play out. When I do that manually it goes quite well most of the time. with servants it should remove me, so long as i keep my hands off!
one of the common problems I am having lately is that if i aim for a ten tick move and it looks like only going say 4-6 ticks (quite often), i hjave to manually exit so not sure how servants could deal with that.
"What's the one thing you're focusing on ?" - I hate to say it but i have to answer honestly - all of those! not all in one race obviously, I am not THAT stupid
Mostly I am looking at market. If its a handicap i am trying to focus on 5 tick moves instead of 10 and thats going a bit better. that might be inside a range, or it mighgt be a breakout. I will scalp a tick here and there on stable markets while watching for breakouts. I might catch a big move on a wild maiden - I probably get burned more often on those though.
I understand i really must simplify things and pick one. I just really struggle to not bloody click on every market. I am finding a reason to trade all the time instead of trying to find only the best. I know the theory and why what I am doing is so wrong but i seem unable to resist a click. its like my mind can always find a reason, i am not guessing, there is always a reason but they are usually not strong enough to trade. I need to wear some sort of auto shock device and connect that to the automation somehow so if my criteria are not present when i click,, i get 40,000 volts. that might work.
