How to do the things you don't "feel" like doing? | Psychology and Money Management - futures trading strategies, market news, trading charts and platforms

Psychology and Money Management

This forum is where successful traders spend most of their time and where struggling traders never visit. The psychology and money management forum is where you learn to become a profitable day trader


How to do the things you don't "feel" like doing?

  #6 (permalink)

Merced Ca USA
Trading Experience: Intermediate
Platform: TDA
Broker/Data: Datek :)
Favorite Futures: Futures
shortride's Avatar
Posts: 15 since Apr 2013
Thanks: 37 given, 9 received

Something that has helped me stick to my strategy is to put notes directly on my charts. For years I would study my strategy before the market open then do something that went against it. So one day I discovered that I could write a note directly on the chart and make it as big and whatever color I wanted. That way it is right in front of my face all day.

For example, if I decide I do not want to risk more than 300.00 per trade on /cl today, I put that note in red letters right on the /cl chart and keep in close to the latest bar. Or if there is a number release at 7.30 I put that note right on top of the last bar so I can't miss it.

I know it sounds simplistic but it has helped me break several bad habits, hope it helps

“Enter by the narrow gate; for wide is the gate and broad is the way that leads to destruction, and there are many who go in by it. Because narrow is the gate and difficult is the way which leads to life, and there are few who find it.
Reply With Quote
The following 4 users say Thank You to shortride for this post: