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My timing seems to really suck. I know my setups, but when I'm waiting for them, nothing seems to happen, or I'm looking at 1 chart for too long. When I decide to do something else, work on my full time job, I miss the setup(s) and it happens too many times. I'm sure this happens to a lot of people, how do you guys get around this?
This is largely a psychological response that you are exaggerating due to human nature. The best way to deal with it is to educate yourself on the impact of psychology in the world of trading.
I disagree... I know what to look for when I'm trading. I want to hear other people's frustration if they've dealt with the same thing. Similar to "My stop got hit, and...."
That used to happen to me occasionally when I would lose focus or switch windows on my computer. Finally, I took the money I would have made on the successful trade and burned it. Never had that problem again. Serious.
lol I feel like trader psychology is thrown around to much as if that answers the question. It's like someone saying I am afraid of roller coaster how do you guys deal with it? "Big mike" educate yourself on roller coaster phychology -_- perhaps your personal stories may help or personal advice
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I used to think that way. Then I started to record live trading videos using screencastomatic and went back to the missed set ups. I found out that I often had secord or even third chance to get back into trade. Sometimes at even better price
I'm not sure how to respond if that is how you feel.
Instead of ignoring something or pretending it doesn't exist, I would encourage you to read up on it and better understand it. You would be in a better position to make a decision as to whether or not something is useful after you've examined it and better understand it.
When someone says they "missed out" on a great trade because they got a phone call, took a piss, made a sandwich, took the kids to school --- whatever --- I view it as a largely psychological response.
I believe that if someone took the time to study what was truly missed, over time, you would see there is no reason to believe that that moment you were away is somehow statistically relevant or biased towards a positive expectancy.
It is human nature to think otherwise. We see a profitable move/trade that happened without us, and we actively ignore the trades that were losers.
If you have a full-time job, you may need to be trading a completely different way, from much slower-moving charts that you don't need to watch continuously? (I don't mean that to sound unsympathetic: I just don't really understand how people with full-time jobs can trade profitably from charts that need to be watched continually - and I'm only really saying what Lemons said above, in slightly different words.)