Started off with a failure D setup .. which is very very rare .. Then shifted too longs and gave 2 A setups .. one failed then again shifted too short and gave another A setup .. Hope you all had a nice trading day . !!!
The following 4 users say Thank You to jinhar for this post:
i was talking with few friends of mine and basically this topic came up .. what to do when you lost your mojo . some of you may think it wont happen to you . some of you are in this situation and some have been .. but in any case this are just my exp .. how i dealt and i still deal with this kind of situation and being a trend trader .. This is wad i have to face every now and then .. 1st thing any one does is start questioning there method there whole belief system and wad not they will start adding different indicators they will start going through different systems and what not .. i know that i have done that more then i can remember 1st while learning swing trading and then 15months learning scalping and start making stupid unwanted mistakes and start breaking all there rules, so what to do when you are in a situation where you cant hit a winner well SIMPLIFY .. thats the most powerful word in trading SIMPLIFY .. the reason for going in such a phase are many maybe you are not thinking right maybe you are trying something different maybe you are just over confident .. doesn't matter simplify go back to basics take as less trades as possible and by that i dont mean come to your desk and take a trade and go no if you trade for 2hrs each day come to your desk and watch the markets and look for the most basic stuff which made you money look at live action and then take a single trade on that basic principle doesn't matter if can be something as simple as double bottom double top or bounce of an ma or support resistance just basic trading go back to stuff where it all started for you .. do that for few days and automatically your mojo will come back and you will start hitting your peak .. Remember mind is like any other machine you overload it with stuff its gonna stop working at peak performance .. To make it working again you need to reduce the load .. so again just SIMPLIFY... Hope it helps
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I have to say, your KISS method has brought me closer to profitability than any other method I tried. I think this is related, too, but my best trades have always been with a minimal amount of thinking -- just observe and then react.
One time I accidentally pressed the Buy button on the wrong currency pair. After a few seconds I realized my mistake, opened the chart that had the trade on, and closed it. Decided it looked like a good short, so entered a new order and recovered my loss in about 3 minutes. No indicators, no deep thinking, just go.
The following user says Thank You to Slack for this post:
See specially for small traders like us trading is equivalent to surviving ... the simpler it is the more better .. also .. see in trading every tick there are buyers and sellers .. So there is a reason for doing both .. So if you think more and more you are gonna get confused as your brains will think all sorts of reason to go long and it will go for all sorts of reason to go short on the same area thats what i do if i start to think while trading. .. the best trades as you said are the once which are clearer and dont require you to think .. thats y u have different setups .. with small rules so whenever you see the one you are used to you just hit the button and not think .. .. The less you think while trading the better.. So only thing i can tell is practice .. it will take few more weeks at the least for you to finding your zone .. always remember after you have changed even a small thing on ur chart or ur methodology or ur thinking you need to give it time .. or else it wont work . happy trading
The following 9 users say Thank You to jinhar for this post:
Thank you for very nice posts!!! May I please ask you for a bit of help. Could you please when able add time of entry to your chart.
I think I can see it on the bottom, but numbers are so small I cannot see it very well. I just like to line up your set up with my set ups since I trade with trend also.
Thank you for your help,
The following user says Thank You to tickvix for this post:
As it was Friday i wanted to quit early .. came to trade at usual time but markets were all shooting down so decided not to trade today as market had already moved a lot in the south .. and i did not wanted to wait for new trend to start .. So hope you all had nice session .. I will try to do the review today or else tomorrow.
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