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.