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"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
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Can you help answer these questions from other members on NexusFi?
"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
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"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
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Took a lot of trades practicing in Live Sim. I probably won't post charts again for a while as I'm still working things out.
More importantly, from a "journaling" standpoint, I'm making some interesting distinctions about things, and it has to do with this "approach" I'm taking lately.
The "approach" is watching price action with just my two ema's on the charts.
The "distinction" I made today is in regard to price action versus indicators.
After a few losing trades in a row, I got a little frustrated and, in typical amateur fashion, felt the need to slap an MACD on my charts. As soon as I did that, I lost the perspective that I've been developing over the past week or so. I mean it was gone. I tried a divergence trade and a couple other MACD things, but they weren't working out for me. What was working were the behaviors of price action that I've been witnessing lately.
When I cleared the MACD off my chart and went back to my minimalistic setup, I was able to see what price was doing. Then I just had to deal with the taking or not taking of the trades.
But it showed me the layers of complexity that stack on top of each other (at least for me) when another and another and another indicator are put on the charts.
So continuing to watch price action in my relatively simple way is where I'll be for the time being.
"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
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Hey AJ. Been busy with other work and taking a bit of a trading hiatus to get my mind in a little better place. Hope everything is going well with you. Thanks for checking in.
"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
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Ah, yes... As we all have learned, the mind is the key to success in this game. Learning the mechanics of Price Action is a breeze compared to thinking clearly when the account is activated and you are trading
your hard earned money.
This is why 90% fail.
We are the Green Berets in the battle field of the mind. If you lose your confidence, you lose
before you even begin.
I have a big problem with doubt. Most times I can shake it off. It is simply going to take a few years
of getting used to the heat of live trading.
Your mind is right. Just control the emotions and you will be fine.
