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No hidden activity, but trading the flow...Took 3 trades, 1 loser, and 2 winners. This one is the last. Big passive buyer, absorbing sellers. I take the long till recent vpoc...
2023-08-17_15h38_02
2023-08-17_15h38_15
Big Money, has always reason, doesn't matter if they lose or win...
Whenever you're trading, two things will flood your mind with thoughts:
1. What you achieve with your decisions, and
2) What you understand about what the market is doing.
This is very important to be aware of, besides being a reality. For discretionary traders, the end of their trading day depends a lot on these two elements. In fact, they often generate a trading story that can have two outcomes at the end of the day: a glorious day or a terrible one, well, there's also the option of "call it a day." Every trader has what's called a threshold of effort. Let's assume these two elements are like a stone on your back that "appears" and keeps growing. Surely you can bear a certain "weight" until you feel your strength failing and you can't take it anymore.
With this in mind, every trader should know their threshold of effort, and when they detect they're putting in more effort than they can bear, it's time to "take the stone off their back" and start from scratch. How is this done? Very simply. Program two things:
1) trading time (I recommend several sessions of "x" minutes) and
2) planned losses per session.
The interesting part comes when you finish your first session. You should give yourself some space. Why? To disconnect from the two main elements that will shape your day:
1) the results achieved and
2) the story you're telling yourself about what the market is doing.
There are various techniques for this, like mental focus, shock questions to divert your thinking, turning off your monitors to avoid seeing anything about trading, doing sports, and above all, your mind. Work on it to start from scratch. Use visualizations. It doesn't matter what you imagine, whether it's real or not. Your mind doesn't care. Just imagine what serves you to start from scratch. This will help you immensely to stay focused every time you start a trading session.
And never forget, you can have several things for the price of one. You can build a life around trading, but also better physical health and better mental health. So, don't trade all the time, and set aside time in your work to take care of these two elements, or whichever ones you prefer, but give yourself moments beyond trading while you work.
Big Money, has always reason, doesn't matter if they lose or win...