For some reason, I get a bit frustrated with some charts. I look at them, and I can’t tell which direction to trade them.
I think that’s because I’m just dying to jump in and open a position, and my brain is trying to figure out the best way to do it. Instead of being patient, my brain is trying to figure out a successful way to force the trade. It happens so frequently.
One side of my brain is forcing the trade, and the other side is trying to figure out how to do it, and that’s where the confusion comes in. If I’m forcing a trade, that means I’m not sure, in the first place. If I’m not sure, it makes me doubt my ability as a trader, and then it’s starts a downward spiral for an hour or so.
Forcing a trade feels like this
![buysell](https://f.bpcdn.co/original/4X/6/1/0/610c7686d31548dfffa737b0c85f6222e6625a4c.jpeg)
It’s stressful because both feel wrong; there’s no evidence that supports one over the other. Meaning, it’s a bad time to trade, but I wanna trade anyway. How can I make a decision based on nothing?
Some charts are pretty obvious. Others are really confusing. I had one trade, AUD/JPY with a very nice profit. I wasn’t sure which direction price was going. I held, and price pulled back, I lost some profit, but still ok. I held and lost 2/3 of the profit. I just closed and gave up. It’s not a good way to trade at all. I could have closed once I saw price was going against me, but I thought price would continue in my direction. Nope.
It casts a lot of doubt on me, and it doesn’t feel very good. I’m going back to bed. Forget this…I’m gonna rest, then keep at it later. I’m working on some practice charts. But I need to find some with contradictory signals.
Also…there were a couple trades that I wish I had takes a couple days ago. But someone said on the forum that it’s better to be out and wish you were in, than to be in and wish you were out. I’m appreciating that at the moment.
I took another look at my AUD/JPY trade, and I see where I went wrong.
Basically, I should have taken the first signal and just ignored EVERYTHING else. That’s in my strategy, but I got confused as price retested my entry twice. It’s happened so many times. I get totally lost by the random walk in the park. There were some big swings, and I guess the big banks do that to shake off the little banks. Well, I got shaken off too. I should have just taken my first signal, and waited, waited, waited.
Ok, ok. I got it. The first signal makes sense, but then the following price action will make me doubt the first signal. That’s what happens. Then, after that price will continue in the original direction, without me.
That’s what happens to me often. All I have to do is just be patient. Take my first signal, then just wait, no matter what. I need to keep practicing.