I found this to be critical! Especially for myself has a long-term trader.
As I’m preparing to fund my first account I’ve been doing a lot of thinking and analyzing of my demo over the past year or so.
it’s amazing to me how far down the rabbit hole I’ve gone and how many twists and turns I have taken in terms of different indicators and strategies.
I started off basic and then it’s overthinking… how can I get in earlier, how can I get out later, how can I catch the bottom and the top. That… Is my problem. I can’t.
As I think about trading it has come full circle to the understanding that I just want a piece of the action. I don’t need the whole thing from the very bottom to the very top. If I can consistently take a chunk of change out of The middle of a trend, that has success written all over it! That’s all I have to do.
What I have to come to terms with is it isn’t stereotypical trading. It’s not exciting, not what you see in the movies, it’s not doubling,tripling account balances over night, it’s not a huge run of pips over the course of half a day.
It is actually something that wouldn’t be full-time, but something to become part of my lifestyle and my regular job as I trade the New York close.
So it all comes back to as @tommor frequently says … Boring trend-following. I’ll have to find my excitement elsewhere. While I collect pips on the side. It’s like picking up change off of the street.
@tommor, your continual emphasis of the simple and the obvious has made an indelible impression on me.