Hit my DLL on all my accounts today. I’m starting to notice the majority of times I am on the verge of overtrading, we are in low resistance/probability conditions.
I now have a rule where if I overtrade or neglect to follow my rules, I have to backtest for at least 2 hours.
1. Surrender to probability.
2. Surrender to randomness.
3. Surrender to the fact that you cannot control outcomes.
Only then can you take control of yourself and of your consistency.
Really enjoyed reading this one. Few takeaways I want to share:
1. You can never impose your will on the market. Even though you may think a trade is a 100% winning play, you’re wrong. There is always a possibility that the market will go against you.
5. You have to commit yourself to the journey and trust the process. Enjoy the process. Love the process. Being a consistent trader does not happen over night.
If you don’t enjoy the experience, you might as well hang it up as trading may not be for you.
Good morning and happy Friday! Going to be playing longs again. UoM Cons. Sentiment and Inf. Expectations come out @ 10 AM EST, which shouldn't be too wild (Orange Folder). Would love a minor pullback and use news as somewhat of a catalyst for higher prices. We shall see though!
Good morning and happy Friday! Going to be playing longs again. UoM Cons. Sentiment and Inf. Expectations come out @ 10 AM EST, which shouldn't be too wild (Orange Folder). Would love a minor pullback and use news as somewhat of a catalyst for higher prices. We shall see though!
Good morning!
Wanting to play longs today. Dream scenario would be sweep London lows, tap into 1HR BISI, and look for longs there. If we start see closing through the one hour, I will be staying out.
@imTylerTrades Yea, BE got me today as well. Just looking at it as a capital preservation day. Almost every time my account is blown is due to trying to jump back in immediately after a BE, so I was super proud of myself today when I accepted it and logged out. We'll be back tomorrow!
@dhesi_trades The stop is there for a reason! It took me a while to realize this, but if you're in fear of your stops being ran, you are oversized. Set it and forget it.