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Desperate call for help, I CANT execute my discretionary trading plan no matter what


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Desperate call for help, I CANT execute my discretionary trading plan no matter what

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  #1 (permalink)
nenuser
Buenos Aires, Argentina
 
 
Posts: 30 since Jul 2018
Thanks: 31 given, 29 received

Hey guys, how are you?

As the title says, I cant execute my trading plan. There is no way. I open the trade and as soon as I open it I close it, I can't even wait until the next bar closes or anything of the sort.

I have been studying the markets for more than 6 years, I have more than 15000 hours of chart time. I know what I am doing, I know for a fact what is a trade and what is not a trade, I polished my skills, I polished my price action and my plan to perfection. I have no doubts about it being profitable, yet I CANNOT DO IT. It will make me sick I can't stand it anymore.

I tried it all, I have read it all about trading psychology (Douglas, all of them), I tried all kinds of different approachs and no matter what I can't do it. It is like an irrational fear, a subconscious fear.

If I show you my trade log they all go like "I took a tick" while the real result if held is always my target. I have planned it all, I cant hold it for my dear life.

Day after day, I post it all I have it all logged, I know my calls are >80% profitable YET I CANT DO IT. I cant take action. I cant do it.

I need help, maybe someone who could beat this or any suggestion please.

Thanks for reading and appreciate your replies

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  #2 (permalink)
 blackgrey45 
Naples, FL
 
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Is your main fear about losing money or being right or something else?

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  #3 (permalink)
 elitecamper 
McAllen, TX
 
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nenuser View Post
Hey guys, how are you?

As the title says, I cant execute my trading plan. There is no way. I open the trade and as soon as I open it I close it, I can't even wait until the next bar closes or anything of the sort.

I have been studying the markets for more than 6 years, I have more than 15000 hours of chart time. I know what I am doing, I know for a fact what is a trade and what is not a trade, I polished my skills, I polished my price action and my plan to perfection. I have no doubts about it being profitable, yet I CANNOT DO IT. It will make me sick I can't stand it anymore.

I tried it all, I have read it all about trading psychology (Douglas, all of them), I tried all kinds of different approachs and no matter what I can't do it. It is like an irrational fear, a subconscious fear.

If I show you my trade log they all go like "I took a tick" while the real result if held is always my target. I have planned it all, I cant hold it for my dear life.

Day after day, I post it all I have it all logged, I know my calls are >80% profitable YET I CANT DO IT. I cant take action. I cant do it.

I need help, maybe someone who could beat this or any suggestion please.

Thanks for reading and appreciate your replies


Trading is nothing special. You are making it be something more than it is. It is a simple task like cleaning or moving something from one place to another, you are exchanging something for something else, and it should become a boring activity. There is nothing to fear. Even if you have losses you learn from them. Rinse and repeat. Maybe you should try something like analytical meditation and go within yourself to get at the root cause of this fear that is holding you back. Good luck, you can do it believe in yourself.

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  #4 (permalink)
nenuser
Buenos Aires, Argentina
 
 
Posts: 30 since Jul 2018
Thanks: 31 given, 29 received


blackgrey45 View Post
Is your main fear about losing money or being right or something else?

I have been thinking and thinking about what's up about WHY I cant execute. It probably has to do with a lack of self confidence and being firm in holding my opinion when I am under a "test" like a possible win or loss. Also, a sort of fear of running out of funds as trading is my main and sole activity right now (I am 25, I have no plan B I did it that way to force myself to succeed). It's like I cannot think it possible to win that much money, like all my effort wasn't worth the huge potential monetary compensation.

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  #5 (permalink)
 tigertrader 
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Philly, Pa
 
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nenuser View Post
I have been thinking and thinking about what's up about WHY I cant execute. It probably has to do with a lack of self confidence and being firm in holding my opinion when I am under a "test" like a possible win or loss. Also, a sort of fear of running out of funds as trading is my main and sole activity right now (I am 25, I have no plan B I did it that way to force myself to succeed). It's like I cannot think it possible to win that much money, like all my effort wasn't worth the huge potential monetary compensation.

TraderFeed: How To Overcome Fear Of Failure

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  #6 (permalink)
 olobay 
Montreal
 
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Trade one micro lot. Something so small that the money doesn't matter.

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  #7 (permalink)
 syswizard 
Philadelphia PA
 
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nenuser View Post
As the title says, I cant execute my trading plan. There is no way. I open the trade and as soon as I open it I close it, I can't even wait until the next bar closes or anything of the sort.

Day after day, I post it all I have it all logged, I know my calls are >80% profitable YET I CANT DO IT. I cant take action. I cant do it.

It's obvious...just get someone to automate your "system" aka algo trading.

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  #8 (permalink)
lightsun47
Toronto, Canada
 
 
Posts: 317 since May 2018
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syswizard View Post
It's obvious...just get someone to automate your "system" aka algo trading.

This reminds me: Is it also possible to algo everything? My manual strategies are maybe incredibly hard to code because of strict rules.

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  #9 (permalink)
 AllSeeker 
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Mumbai, India
 
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nenuser View Post
Hey guys, how are you?

As the title says, I cant execute my trading plan. There is no way. I open the trade and as soon as I open it I close it, I can't even wait until the next bar closes or anything of the sort.

I have been studying the markets for more than 6 years, I have more than 15000 hours of chart time. I know what I am doing, I know for a fact what is a trade and what is not a trade, I polished my skills, I polished my price action and my plan to perfection. I have no doubts about it being profitable, yet I CANNOT DO IT. It will make me sick I can't stand it anymore.

I tried it all, I have read it all about trading psychology (Douglas, all of them), I tried all kinds of different approachs and no matter what I can't do it. It is like an irrational fear, a subconscious fear.

If I show you my trade log they all go like "I took a tick" while the real result if held is always my target. I have planned it all, I cant hold it for my dear life.

Day after day, I post it all I have it all logged, I know my calls are >80% profitable YET I CANT DO IT. I cant take action. I cant do it.

I need help, maybe someone who could beat this or any suggestion please.

Thanks for reading and appreciate your replies

This is going to sound little out there, but here it is;

Hire someone to execute and exit trades as per your strategy. It could be someone who has never even heard of trading, you just need to make sure that they receive the signal to execute/exit whenever its supposed to be from your strategy to the T.

Other alternatives are there, like going complete algo, as already mentioned.

Also, I feel underlying problem could be you are trying to trade a strategy that is not suited for you, even if its accurate. Its either much higher in trade time or much higher amount of money on the line then you are willing to risk. This happens surprisingly lot, especially with people who are looking to make trading as primary source of income while not having anything else on going to support them or simply going too big or too fast. If this is true for you, solution is to find a more suited strategy and more comfortable risk amount, for that do a little research on something called "risk profile", identify what's your risk profile, at what level you are mentally secure to risk the amount necessary to trade your strategy.

This will sound like gibberish, but I've worked on a project for this very same thing for a private investment company, what they would do is prepare a questionnaire (of above dozens of pages), have prospect fill it and then make a customized investment strategy to meet that prospects needs. Needs here were not as per "stated needs" but "identified needs" through the process, to which prospect was usually completely unaware of till it was presented to them as a conclusion of the process.

You will be surprised at the difference in prospects expectation on returns over risk and what was actual doable for the said prospect based on his earnings and financial responsibilities. This project was later removed from the mainstream process since it was reducing companies actual client base.

It was an eye opener.

Just my 2c. Ignore if I'm not making any sense

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  #10 (permalink)
 Pa Dax 
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Netherlands
 
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Get your trade on, set your stop, set your target (oca order), close the laptop and enjoy life. Check back in a couple of hours later and see which order went. If you risk small there's plenty of days ahead you can make up any loss.

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