NexusFi: Find Your Edge


Home Menu

 





What psychological shift did you make to become profitable?


Discussion in Psychology and Money Management

Updated
      Top Posters
    1. looks_one BrooksElms with 5 posts (2 thanks)
    2. looks_two Itchymoku with 3 posts (7 thanks)
    3. looks_3 FABRICATORX with 3 posts (3 thanks)
    4. looks_4 kevinkdog with 3 posts (33 thanks)
      Best Posters
    1. looks_one kevinkdog with 11 thanks per post
    2. looks_two deaddog with 11 thanks per post
    3. looks_3 shodson with 8 thanks per post
    4. looks_4 cogito with 3.7 thanks per post
    1. trending_up 10,219 views
    2. thumb_up 127 thanks given
    3. group 24 followers
    1. forum 40 posts
    2. attach_file 0 attachments




 
Search this Thread
  #41 (permalink)
 
deaddog's Avatar
 deaddog 
Prince George BC Canada
Legendary Market Wizard
 
Experience: Advanced
Platform: National Bank Direct
Broker: NBD/BMO/Questrade
Trading: Stocks
Frequency: Every few days
Duration: Weeks
Posts: 1,331 since May 2013
Thanks Given: 189
Thanks Received: 4,179


BrooksElms View Post
What exact process did they use to make their psychological shift?

I changed my definition of a successful trade;

I does not matter if the trade made a profit or a loss; what matters is if I followed my trading plan.

If all my criteria to enter a trade were met and I closed the trade according to my plan then it was a successful trade.

Once I got away from the fear of being wrong , of taking a loss and of missing a move and just concentrated on the process of trading I became profitable.

"The days when I keep my gratitude higher than my expectations, I have really good days" RW Hubbard
Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Better Renko Gaps
The Elite Circle
MC Advanced Simulated Trading.
MultiCharts
NexusFi Journal Challenge - June 2024
Feedback and Announcements
MC PL editor upgrade
MultiCharts
What You Know vs How much you know about it
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Vinny E-Mini & Algobox Review TRADE ROOM
61 thanks
GFIs1 1 DAX trade per day journal
48 thanks
What Do You Replace Positive Thing With
41 thanks
NexusFi site changelog and issues/problem reporting
22 thanks
Risk/reward above 1.0
21 thanks




Last Updated on November 12, 2015


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts