Modification in trading habits to start being profitable

NexusFi · 2012-02-15T05:54:41-05:00

I confess..... one of my bad habit: I'm too greedy..... Again and again, I repeat the same error Trade is going in my way and I kept extending my mental target.... and.... suddenly it reverse. Not a loss because I managed well my stop loss, but opportunity missed and gain slipped away. So, like I was doing when I was young ( this is long time ago) I confess.. not the a priest, but to BM community. I confess that I'm doing wrong. I bent my head and accept the decision of the judge (market). …

Discussion in Psychology and Money Management

Updated February 15, 2012

Modification in trading habits to start being profitable

February 15th, 2012, 05:54 AM	#21 (permalink)
MoonRocket Sydney NSW Australia Posts: 2 since Feb 2012 Thanks Given: 0 Thanks Received: 1	I trade about 6 to 8 times in a six hour period. The difference for me was to kill the trade as soon as it didn't look right, anywhere from 1 second to two minutes. Once upon a time I would wait hours hoping for the trade to come good. I now make a point of immediately forgetting the trade. I do not work out the pips gained or lost until I've finished for the night. "You never count your money When you're sittin' at the table There'll be time enough for countin' When the dealin's done" I don't want my mind infected.