Emotional AID

[Hikapo]

Ironically,

I also made a winning trade yesterday night. The joy of a winning trade actually lasts about 30 minutes or so before it goes away.

[Mr Gone]

Ironically,

I also made a winning trade yesterday night. The joy of a winning trade actually lasts about 30 minutes or so before it goes away.

Well, happens the same with me. However is not the loss what cripples me right now, external issues hard to solve. As long i cannot get my mojo back i'll stay away from market.

Regards.

[Hikapo]

Mr Gone are you dealing with personal issues at the moment?

[Mr Gone]

Mr Gone are you dealing with personal issues at the moment?

Yeah, unexpected as the BIG daily Canddle on gbpjpy of today. When personal issues occurs with two consecutive losse is time to solve the issue firts. Losing stake + personal troubles = BIG LOSS. I'd rather take a small loss this week, try to solve my problems and then, maybe next month try again on trading.

Overall i am still green but this month i am already negative. Maybe it's overconfidence, takes time to recognize it. Let me explain it a little, this goes for both scenarios. In trading when you are having a winning stake you feel great and there is nothing wrong about it, the problem is you forget the loss, it will happen someday and when the larger your winning stage is the more personal the loss you take. No matter how long you are into fx you will fall into this behavior, i do, what avoids me blowing up my account? My rules, my personal system made by me, maybe copied from aother traders in some fashion but addapted into my own taste. Yes, i had two losses in a row, did they occur the same week? No, Did I skip my own very rules? No, I am feeling crippled? Yes, Can I sleep well? Yes, because it's under the plan, i follow my rules so even if crippled i have faith on my rules will take out someday. SO i can trust in the fact "I did nothing wrong", just like when someone says something really anyoing to you for something you did not do but cannot avoid feeling guilty so you tell yourself you did nothing wrong and when it fades you just forget about that poor bast%rd.

The same with personal stuff, when you get used to everything goes like fortoune smiles on you but something happens and you take it as a calamity but it realy takes time to evaluate the situation and while the real thing is not propperly confronted you will not sleep quite well.

The moral: accept that nothing last forever, while fat cows walks on your farm make a good use of them and save a little for skinny cows seasons, when that season comes make sure you make a good use of whan you have spared and trust fat cows will come back someday.

Regards.

[forextradingkid]

Mr Gone, I am wishing you well

Life is a constant battle everyday I must say.

[Mr Gone]

Mr Gone, I am wishing you well

Life is a constant battle everyday I must say.

Yeah, i tend to forget that.

[Mr Gone]

Well, had three loses in a row, now i am on FX vacations, rule #11, Three loses in a row means vacations for the rest of the month. So when i come back a new market condition will be set and so i will stay unbiased untill i ruin it again.

Regards.

[colmex]

The way i'm controlling my emotions as of recent is I just built a new computer to keep by itself with no games and in a quiet "zen" area of the house where I can concentrate without being distracted and I made sure I blocked facebook so that the only things I do are trading and reading so psychologically when I'm in the room my brain is conditioned to feel relaxed and to go into "trading" mode. Also before starting my trading I'll try to meditate so no matter whats happening outside the trading area it doesnt influence my thoughts while i'm in the area

[Mr Gone]

The way i'm controlling my emotions as of recent is I just built a new computer to keep by itself with no games and in a quiet "zen" area of the house where I can concentrate without being distracted and I made sure I blocked facebook so that the only things I do are trading and reading so psychologically when I'm in the room my brain is conditioned to feel relaxed and to go into "trading" mode. Also before starting my trading I'll try to meditate so no matter whats happening outside the trading area it doesnt influence my thoughts while i'm in the area

Sounds good, i do almost the same. I do meditate. JUs one question, are you a daytrader? In my case i am not, i almost do what you do when i do my analisis and when i finally pull the trigger and the i´ve forget about it until the trade is closed. I am a swing/position trader and i can affor to do so.

Regards.

[colmex]

I think I might be a day trader lol
what I do is in the morning wake up 1 hour early to check on my open trades, maybe make new ones, then during the day check on them and their S/L's i'll ususally move up the S/L's progressively until break even ( do this cause i'm still a student/doing an internship this semester). then when I get home i'll usually eat dinner, maybe go to the gym and then just study forex for a good 3-4 hours and thats usually when i'll close myself off from the world and thats every night, mon-thurs, I usuall work sunday nights hence why I dont trade the asia open.

hablas español? note que eres de bolivia