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@ConnorAlerts Hi Connor! Just saw your interview with Tim on youtube, great stuff! Thank you for the inspiration!
Received 2 Karmas
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osirustwits Nov 10, 15 2:15 PM
Readdress your risk reward on your trades you can't have your lossers taking more than your winners would make. I am still working with that thus I use tight stops because every play of mine needs to run once entered or i get out
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Zenyatta Nov 10, 15 5:57 PM
Most traders have been what you are going through, Levi. I sometimes copy my trading plan in cursive to remind me what I'm supposed to be doing...
Levi Nov 12, 15 2:31 AM
@babynoah @osirustwits @Zenyatta Thank you all. Feels good to get some feedback. I agree with your sentiments as well, definitely all things I could work at!
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Losing a lot of money for sizing to the max, going for homeruns. How can I learn when to actually go big (keep small size, go for homerun when probable). My goal should be $300 per trade, but when can I go for the bigger score? Need to study old charts and see what sets up big scores. Keep rest of trades boring.
Note to self: Don't forget to compare several time frames at once. Right now - kind of breakdown on 1 min $UVXY, but consolidation on other time frames (5,15,30,60 min). Several ranges within the day, not only minute range in play.
@DVD_Names How to get girls ;)
I had gained almost 7000 realized dollars in three months trading, the equivalent of 800% profit in a year, and now have lost 5000 dollars in a month due to recklessness (70 % of my gains). I thought that I had learned my lesson some weeks ago, but apparently not. I am by no means having second thoughts about trading, but I am definitely dissapointed in myself. The thing is that I know what I am doing wrong, yet I keep doing it, breaking every rule there is. Discipline is not my best friend, but needs to be.
Levi Apr 23, 15 2:45 AM
I will need to start grinding smaller sizes with defined risks, making 100 here and there and losing 50 here and there, instead of trying for 1K in every trade I make. Know when to use full size and not. Not break any rules, not gamble, not go against trends, take my losses with no regard to PDTs and so on and so on.
very good self appraisal Levi
Sounds like your mistake was not opening a account with SURETRADER. I am opening a account now. My app is under review as I type. Now way I will be letting PDT mess up my decision making.
Good insights, take in account psycology and emotions too! you will learn about yourself too in the process.
@lastcall @tiagolopez6 Thank you guys. Am definitely really sure it is almost all emotions and psychology that leads to losses. @JLLOYD I agree, I have been thinking about this for some time, it does mess with ones head quite a bit. Have heard a lot about it and will definitely be looking in to Suretrader. Thanks!
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