Hi Ria, magandang hapon from the Ranch and Estate.
I have a couple of suggestions.
- Get hold of your emotions, too much emotion can lead to a big deflation later. Along with this remove the word “Hope” from your trading vocabulary, hoping changes nothing and can lead to a false sense of something, I have known of traders who pray during a trade, ummmm well, I kinda think if one is religious, prayer should be limited to spiritual and personal growth, by the way it never works out for these folks, then they not only feel like failures, but they feel like their deity has abandoned them, no bueno. We cannot allow ourselves to get to high or too low, if you don’t nip this in the Bud now, you will have even more trouble later on.
Think of when you go to the market in Sultan Kudarat, if you buy a hat, and you bargain the price, I doubt you are jumping up and down with joy when you buy it, its just a hat. That is how you have to see each trade, a business transaction. Not your whole “Soul On A Roll”, just a business transaction.
If you can afford it, please pick up a copy of Dr Elders latest book, if you can’t afford it your library might have one, or his first book even that would be good.
Read through my couch thread, it will help you see things as they are. We humans like to see things as we would like them to be, and in many circumstances in life this is a good thing, it is just not helpful in trading.
Try looking at the Trading the Trend with Strong Weak Analysis, thread by the Gator, see if your trades line up with his analysis, or vice versa, if there is a weakness see if the trend catcher follows this weakness, it might be worth your time.
The Ever Hoping For Your Success VIPER
Oh Just In Case for those of you north of Orlando