Excellent advice. @Eric j, I am curious about how you changed your attitude over time. Being presumptive, I would assume you changed from method-seeking to execution-refining. ? I find in general most failing traders are only concerned about their chart, their setup, their entry. Never focusing on anything else.
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Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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Good . I took a look at it and I wish you luck and skill .
Mikes reference to method development is pertinent regarding your sucess imho . I see many many traders here and elsewhere hammering away day after day and week after week on their approach and method but very few focus on proper position sizing , when not to trade , the technical big picture and especially EXITS . To answer his question - I was in a revolving pattern of boom and bust always looking for a better way to trade and never considered that my psyche was forcing me to not be able to act consistently . By not facing the reality that there is no perfect way to trade I always searched for a perfect way to trade and therefore spun around in circles looking for what doesnt exist .
I still am "addicted" to searching for the "way" but the searching is candy for me now and like a hobby since I cant live on candy . In practice I know that trading is only buying before price goes up and selling before price goes down and the rest is managing myself , the weakest part of my method .
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