[bearprofits]

Robinhood

Deal with this myself a bit. Sounds like your micromanaging your positions way to much your uncomfortable with the risk. It’s important to manage a position to breakeven as quick as possible ( at the same time we need to allow enough room for the trade to breathe this is in the mechanics of your trading plan) once we can get the trade to break even then the emotional side should be released there’s no risk only potential gain. At that point we only need to adjust our profit stops as the market moves in our direction towards the target. At this point if your watching the screen get away. The market usually charges back towards the last good entry to pick up more players to squeeze out the weaker hs it’s all about emotions fear greed we need to learn to trade without this baggage.

Try multiple lots dropping off a little to cover stops pocket a few pips early leave the rest to run. Mainly imho one needs to be comfortable with the risk for each trade. Fxsniper had a good point about reducing the size of you trades I am doing this I believe it helps.

Posted this in another thread but it applies here as well.


durgesh 147

Interesting thoughts a couple of bear brained blunderings if I can chime in……. we battle the markets ourselves.

First battle is the markets the mountain of information to process which to derive a trading plan. Be it mechanical or analytical this information is a tool to use to extract a profit the markets. Like any artisan or craftsman we have a need to underst the tools of our profession knowing which tool to use when what their limitations are how they are constructed. This knowledge could be gained reading but the master craftsman knows his tools by touch. Traders need to take this approach with their trading understing their edge on the markets intimately.

Secondly we battle ourselves or better yet our faults limitations. A 200 pound hammer is no good if I can’t lift it. Our tools need that custom fit to our personality or their sharp edges will harm us. If my trade plan calls for a stop or risk that I’m uncomfortable with to take this trade is suicide my own fear will cause me to act irrationally by closing too soon or hesitating to close when the market proves me wrong.

After we learn how to trade the rest of the battle is against ourselves how we hle adversity. ( here’s the battle that this ol’ Bear is fighting) To me the secret is not dwelling on the negative but on the positives of my trading. Not to take away the continual need to always reevaluate our performance but there is a time when we have to trust the tools we have or get new . We know that if we trade like we should follow our rules / self discipline our edge / system will produce profits we also know because we know this edge / system like the back of our hs that there will be losing trades it’s a part of business.

Imho when we focus on the negative we trade in the negative our emotions are geared to limit our loss not imize our gains. When we accept the loss at the trade inception then we are free to trade as we should.

Once we can trade in a successful manner we see ourselves doing the right thing manage the expectations of a positive outcome not the opposite.

Hope this helps GL

Just a poor bear’s thoughts