I cant get rid of my bad trading habits...
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Thread: I cant get rid of my bad trading habits...

  1. #1
    Hi traders,

    I have been trading with some bad habits which I am conscious of. I say to not repeat it till they happen 47, and I am in front of my screen and about to enter, exit or handle a transaction once, I forget about my habit and dumb mistakes. Often times, as they occur, when they are realized by me, I cannot tell my thoughts. Once I lay down in bed, preparing for trading the next day, I keep telling myself that THIS was the time, it will not happen. And imagine what happens the next day ...

    Some of my bad habits:

    1.) Moving SL into profit after price goes in my own favor. Once transferred and placed on a correct position and price return and close to my SL, I begin moving it around, trusting price will enter my direction again and just get removed using a small profit instead.

    2.) Not taking profits when my feeling says I should ... or if reaching a decent risk:benefit. Instead, I get greedy and quite often punished, leading to profit returning (but once I do not let it run and take my profits, price flies off in my own favor . . ugh).

    3.) Using a functioning and tested egy of mine but occasionally still second-guessing myself and then missing the entrance ... and then cursing myself why I did not take the transaction. Not certain how to improve that.

    4.) Getting rid of this I knew it! -feeling. It blocks my own thoughts.

    Up to now that's all as far as I remember. Any tips and advice? And before someone says I must read trading plogical books ... I did and it was nice but after couple of days/weeks, my poor habits are back that refer to plogy.

  2. #2
    Altering the SL TP levels from the conducting trade is truly a problem.

  3. #3
    Quote Originally Posted by ;
    Changing the SL TP levels from the running trade is really a big issue.
    Really.

  4. #4
    [quote=RaysJourney;10950873]Hey traders, I've been trading with some bad habits which I am conscious of. Every time it happens, I say to myself not to repeat it till they happen again and I am facing my screen and going to enter, exit or handle a transaction after, I forget about my bad habit and mistakes. Quite often, as they occur, when they are realized by me, I can't tell my thoughts. Once I lay down in bed, preparing for trading the following day I keep telling myself that THIS was the time, it will not happen again. And guess what happens the next day ... One of my bad habits:

    Hello, I have done this many times previously, you are not alone.
    Without having a lot of cliche's , the best one being is
    your future is in your own hands...

    In case you had a legitimate commerce would you be ready to put everything on it?in theory you should but it would be foolish.

    In case you believe where the transaction goes , would you put everything on it, that's stupid.

    Take your commerce and look at it in percentage %%% profit and build up.
    And for fun, only have a crazy commerce every so often, such as putting the odd coin into a slot machine or gambling a horse.

  5. #5
    Quote Originally Posted by ;
    showthread.php?p=10950873#post10950873 Disliked Hey traders, I've been trading with some bad habits that I am aware of. I say to not replie it and once I am facing my screen and about to enter, exit or manage a trade, I forget about my habit and dumb mistakes until they occur. Often times, as they occur, when they are realized by me, I can't tell my thoughts. I keep telling myself that THIS was the time , once I lay down in bed, preparing for trading the next day, it won't happen again. And suppose Ignored ...
    I like the first guie about going all in since if I feel, then I am certain that this is a fantastic trade.

  6. #6
    This is the reason why I think a very very few people can learn how to trade consistently. You have to get a type of personality. That type who gets furious at himself, that he founded his principles that are won and not able to follow them. Because 99.9% of the people, when they break their principles, they do not give a shit, or they simply feel bad about themselves and inform okay, I will not do so next time. That is not sufficient, you've got to be EXTREMELY conscientious.

    First everyone thinks he's a consistent individual. Then trading shows that you're inconsistent as fuck. And that is hard.

    I figure you can train yourself to some degree in this regard, but not sure how. Punishing yourself if breaking your principles, but then again, if you're not consistent with your punishment, then you allow the rule move after some time the same way as the trading principles.

    Learn everything about your next trade ahead, when and how to enter, stop and TP degree. Then execute and do not touch the commerce or just tamper with it to the extent it is allowed. You must force yourself to mess up with your own rules not by absolute force. You can also try after inputting, getting.

    For me after a while it got better yet. It becomes easier after a time when you force to be consistent.

  7. #7
    Write down your bad habits or print them out and put the note near your screen so that you'd always see it.

  8. #8
    Are you my twin?

    Quote Originally Posted by ;
    Some of my bad habits: 1.) Moving SL into profit later price goes nicely in my own favor. Once moved and put on a position and price comes back and near my SL, I start moving it around, expecting price will enter my direction again and just get taken out with a small profit instead. 2.) Not taking profits when my sense says I should ... or when reaching a nice risk:reward. Instead, I get greedy and very often penalized, resulting in profit returning (but once I don't let it run and take my profits, price flies away in my favor...

  9. #9
    I think everybody knows that the points of fruion. The way out is to have:A financial plan a trading egy that's legitimate and shows you where your SL and or TP's are going to be. If you cannot achieve your plan your egy requires work.

    PS your financial plan is more important than you might imagine! Here's a good illuion of growing $100 at 10% compounded.



    You can see that without a plan, everyday will just be hit and miss.

  10. #10
    Quote Originally Posted by ;
    This is the exact reason why I believe only a very very few people can learn to trade consistently. You've got to have a specific kind of character. That kind who gets mad at himself, he put up his principles and unable to follow them. Since 99.9 percent of the folks, when they violate their principles, they do not give a shit, or they simply feel bad about themselves and tell okay, I will not do so next time. That is not enough, you have to be quite conscientious. First everyone thinks he's a constant individual....
    Lovely hints, I will certainly consider the punishment component. So I will speak about that to her, my spouse is here to assist. Very good points thank you for opening my mind about these issues.

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