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Old 09-22-2008, 07:37 PM
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Simy Simy is offline
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Join Date: Nov 2007
Location: Inside my ham shack
Posts: 171
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I have a discretionary trading system as well and I did/do run into that problem however I'm getting better, much much better.

When I follow my system I listen to what the market is telling me in whole, and generally speaking I'm right, the few times that I'm wrong is usually a timing issue (I didnt listen to when I should have entered or it was just not going to happen) but most of the time, most of the time its me, if it is me, and hindsight says its me, I try to tell myself to look harder, or relax, etc... Sometiems I get emotional (fear/greed) but again I'm getting better.

When my system tells me to do somthing and I loose and I realise it was the systems fault I pay no attention to it, I did what was right and I will stand by it, because I know I'm just that much closer to a winning trade that at the first TP level will be more then my SL... well usually.

When I started I only saw what I should have seen after the fact, always but I kept doing it, poor demo took a beating, then I got better went to real money (only $72-$73 or so) and got worse again, then got better... So stick in there, but dont beat yourself up if you lost but you followed your system. You could try a point system, dont go for profit go for points, points you get(or loose) when you dont follow your systme reguarldess of the outcome...
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