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How not to gnaw yourself?
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How not to gnaw yourself?

  #1 (permalink)
Elite Member
London
 
Futures Experience: Beginner
Platform: NinjaTrader,MetaTrader
Favorite Futures: EUR/USD
 
Posts: 24 since Sep 2012
Thanks: 23 given, 17 received

How not to gnaw yourself?

After blowing 3 accounts I became very hesitating when I see opportunities.
I've got good enough strategy and good enough(I mean to be green week after week) understanding of price action.

So for the last 3 weeks MOST of the times when I see good opportunity which sometimes I wait for several days I hesitate convincing myself that it's not good enough and then miss it watching price go my direction. Honetly speaking, for me it feels even worse than to lose money. After I miss opportunity I start "gnaw" myself that I chickened out again...I try to rationalize by trying to convince myself that atlease I haven't lost money,but in the long run that's exactly why I lose money.

I know what I should do to become more decisive,but I haven't got it yet. What I'd like to know is how to forgive myslef while I'm lerning to be more decisive.

Thanks!

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  #2 (permalink)
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  #3 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,697 since Oct 2009
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See if this tool by @Bacon may help you:
https://futures.io/elite-trading-journals/3592-alternative-journaling-tool-decision-matrix.html

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