How not to gnaw yourself?

April 17th, 2014, 10:54 AM

After blowing 3 accounts I became very hesitating when I see opportunities.
I've got good enough strategy and good enough(I mean to be green week after week) understanding of price action.

So for the last 3 weeks MOST of the times when I see good opportunity which sometimes I wait for several days I hesitate convincing myself that it's not good enough and then miss it watching price go my direction. Honetly speaking, for me it feels even worse than to lose money. After I miss opportunity I start "gnaw" myself that I chickened out again...I try to rationalize by trying to convince myself that atlease I haven't lost money,but in the long run that's exactly why I lose money.

I know what I should do to become more decisive,but I haven't got it yet. What I'd like to know is how to forgive myslef while I'm lerning to be more decisive.

Thanks!

April 17th, 2014, 11:32 AM

See if this tool by @Bacon may help you:

An Alternative Journaling Tool (Decision Matrix)

Greetings,

First, a bit of background. In Big Mike's price action tread (, I was asked if I keep a journal. I admitted that I don't keep a classical journal, but rather a simple set of statistics that could be intrepreted as a simplified form …

How not to gnaw yourself?

Discussion in Psychology and Money Management

How not to gnaw yourself?