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Life isn't that great. Sleep ok for the most part. Eating so so. Don't drink much at all. I do smoke cigars. Exercise, No. Family, fucked, work, hate it. The stress i have is that I lose every fucking trade i take. I feel envious of those that post profits. Of those that make it look so simple, just another day with the markets.
Price came down, but i was early 5 times. Now I questing my methodology again, if i even know what it is. Yes, I know. I shouldn't be trading and thats the direction I'm going.
Actually, I don't know what to do. Do I use indicators, or not. Do i drop the orderflow indicators or not. Do I use the volume profile, or not. Is the supply/demand zone concept and trading the levels valid? Should any level be traded without some sort of signal/indication it will work. I don't know anymore. Been a member of this site since 2009 and am not a scratch trader.
same here, what I found is if an indicator doesn't work for you consistently then it's time to drop it. Most of them are lagging indicators anyway. Only T&S window shows you the current happening and one awhile you feel like you get a glimpse of its next move.
David, the solution is right in front of you! You just have to look and work it out. Maybe you think you know what went wrong, but you don't.
Analyze your trades in detail. Tell me why it didn't work out the way you planned.
Write it down, per trade:
Why did you enter, what was your signal, what were your thoughts. Now, why didn't it play out the way you foresaw, what were the clues you missed? What was the market telling? In hindsight, what should you have done? What will you do the next time? What is your conclusion?
That's why a journal helps. You fail to carry out the most important part of it. Don't trade till you have studied your mistakes, till you have done your analyses. It's the only way to learn! Not trying out all the indicators to conclude after 10 years they distract and are of little to no use (like I did). You need to see how to get in tune with the market and then do it.
"the only way you get a real education in the market is to invest cash, track your trade, and study your mistakes... It is emotionally difficult to review your mistakes, since the speculator must wade through his own bad trades and blunders. And these are not simple blunders; these are blunders that cost money. Anyone who has lost money by investing poorly knows how difficult it is to reexamine what occurred. The examination of a losing trade is tortuous but necessary to ensure that it will not happen again."
"Successful trading is always an emotional battle for the speculator, not an intelligent battle... A man must know himself thoroughly if he is going to make a good job out of trading" - Jesse L. Livermore
no quarrel from me, ditching familiar indicator is hard but since it's not helping you consistently then it's time for them to go. And it's not helping to pick up another lagging indicator so the only viable solution is to look for something that is not lagging.
If I where you. Work, commute to work and back + lunch break takes appox 9-10 hours. Its biggest part of our life. I will go with baby steps from hating less work to neutral feelings about work. I change my mindset about work. It puts roof over my head and food on table. I can save money to open my training account ( my dream job ). I can help people, if not directly then final customer get value out what I am producing.
I like book Principles by Ray Dalio.
In order to have the best life possible you have to :
1) know what is the best decision are and
2) have the courage to make them.
Maybe you even need to change your job if hate is too strong.
