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missing trades
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missing trades

  #1 (permalink)
Elite Member
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missing trades

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?

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  #2 (permalink)
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  #3 (permalink)
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1. Watch it all the time or
2. Trade bigger time frames

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  #4 (permalink)
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ctmvas View Post
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.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

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)
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  #5 (permalink)
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Big Mike View Post
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.

Mike

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...."

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  #6 (permalink)
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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.

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  #7 (permalink)
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canton mi
 
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Big Mike View Post
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.

Mike

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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  #8 (permalink)
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ctmvas View Post
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?

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

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  #9 (permalink)
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nightshade View Post
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

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.

Human nature aka psychological response.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

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.

If you want
to support our community, become an Elite Member.

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  #10 (permalink)
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ctmvas View Post
When I decide to do something else, work on my full time job, I miss the setup(s) and it happens too many times.

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.)

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