I am sure you will get it. Your good trades seem to be very good, just find a way to focus on those good setups. Trader X always said he would rather have 1 or 2 good trades per week rather than a bunch of mediocre setups. I agree, but it just takes some work to figure that out.
Don't focus too much on the losers, though. Focus on the good trades and why they worked. The more you focus on the bad trades, the more likely you are to repeat it even if it sucks.
I used to post all my trades on the site. I would study the bad ones and analyze what I did wrong. This made me focus on the bad setups rather than focusing on the good ones. I continually traded the bad setups until I finally realized it. Now I still have bad trades, but I cut my losses quickly and move on to something else.
Let me know if you need any help with anything. I am sure everyone else is willing to help analyze anything you may want a second opinion on.
Thanks a lot Tyler. Your comments made me feel much better. I really tend to lose all focus and break all my trading rules when I start the day with a losing trade and it doubles when there are 2 in a row on the same day. I then try to get to BE at any cost.
I really appreciate all your help and encouraging words. You and all the bloggers - Jamie, Jim, Anarco have been very very helpful.
Encouraging words on down days really mean a lot. Thanks once again. Hopefully Wednesday will be a better one.
Thanks, I appreciate it. Everyone around here has helped me come along way in my trading. I may not be the best trader yet, but I know what not to do and I am always willing to assist.
Tyler has been very helpful. He is always there if you need any help. His comment on the losing day really lightened me up.
I am trying to focus on better setups and trying my best not to fabricate setups and be more patient to enter when the setup is ripe.
All the bloggers whose blog I follow have been very very helpful. I cannot envision myself day trading without their help. Thanks to everyone esp. Jamie, Jim, Anarco, Tyler. Hopefully I will be a little better trader in the days to come.
7 comments:
Nice trading Thomas! You are doing very well it looks like. Keep it up.
Tyler,
Overall my performance is below satisfactory. My losers % is quite high and eats away all the profits. Still struggling to improve my win:loss ratio.
Thomas,
I am sure you will get it. Your good trades seem to be very good, just find a way to focus on those good setups. Trader X always said he would rather have 1 or 2 good trades per week rather than a bunch of mediocre setups. I agree, but it just takes some work to figure that out.
Don't focus too much on the losers, though. Focus on the good trades and why they worked. The more you focus on the bad trades, the more likely you are to repeat it even if it sucks.
I used to post all my trades on the site. I would study the bad ones and analyze what I did wrong. This made me focus on the bad setups rather than focusing on the good ones. I continually traded the bad setups until I finally realized it. Now I still have bad trades, but I cut my losses quickly and move on to something else.
Let me know if you need any help with anything. I am sure everyone else is willing to help analyze anything you may want a second opinion on.
Tyler
Thanks a lot Tyler. Your comments made me feel much better. I really tend to lose all focus and break all my trading rules when I start the day with a losing trade and it doubles when there are 2 in a row on the same day. I then try to get to BE at any cost.
I really appreciate all your help and encouraging words. You and all the bloggers - Jamie, Jim, Anarco have been very very helpful.
Encouraging words on down days really mean a lot. Thanks once again. Hopefully Wednesday will be a better one.
Day Tradr
Tyler,
Good advice and words of encourage.
Jim,
Thanks, I appreciate it. Everyone around here has helped me come along way in my trading. I may not be the best trader yet, but I know what not to do and I am always willing to assist.
Thanks,
Tyler
Tyler has been very helpful. He is always there if you need any help. His comment on the losing day really lightened me up.
I am trying to focus on better setups and trying my best not to fabricate setups and be more patient to enter when the setup is ripe.
All the bloggers whose blog I follow have been very very helpful. I cannot envision myself day trading without their help. Thanks to everyone esp. Jamie, Jim, Anarco, Tyler. Hopefully I will be a little better trader in the days to come.
Thanks,
Day Tradr
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