Watching the emotions!

carlsalyer (46)in #trading • 8 years ago

Yesterday sucked!

but it sucked because of the story I was telling myself... in case anybody thought I was mad a Ty...
I wasn't
I was mad at myself, and putting pressure on myself to be profitable and make money, and... and... and...

And I found myself on both sides of the emotional spectrum today, bummed with a small profit trade and then with a full stop out.
Then I missed an entry again, but I put the stop order in at the level Ty called because he entered and the price dropped.
(I would have put a limit buy if the price had jumped)
I never entered... the price floating down, down some more, played with Ty's stop a couple of times within a tick... then Ty stopped out... and I never entered.
So, by not panicking and just placing the order when I could, I missed a full stop -

I did have to fight the urge to get in at a better price but figured I would let price action take me in...

So now I am feeling pretty good, cause I missed a loser.

Frustration hit when "we" miss our target by 1 tick and stopped out at BE+1

Damn!

Ty's patience and confidence paid off - hit a huge NQ trade out of the NY open...

Elation!

So this in what my 90 day challenge is all about - not making money!

What are you talking about?

It is about learning the skill of trading and learning to focus on the skill, not the money.

The Money will come,

once the skill is learned... and part of that is being aware of my emotions while trading and working on some of the skills that I am learning through Paul Counsel's Money Master Program.

Day 5 out of 90! Back tomorrow to continue work on becoming a consistently profitable trader!

Thanks for joining me on this adventure... let me know how you are doing, what you think... what are you doing to change your outcomes?

Please let me know what you think about this in the comments, and if you found this helpful please consider upvoting, resteeming, sending steem, bitcoin, ethereum or any other cryptos to support, it would be appreciated greatly!

BTC- 1KZPZ6t1YcoWKU9h4SQFsB1FYPCcriftvg
ETH- 0xC14eC7f0beeaC51fE124fDD2bd76D423c9f9A4A6
Other Cryptos? Use shapeshift.io

Resources that I use:

(In an effort to be transparent, some are affiliate links. I only post affiliate links for products and services that I believe in strongly... my effort is to be free financially from trading, but why not make some lunch money introducing people to the tools that helped me?)

Winning Trade Room
Indicators / System - The Oil Money
Paul Counsel - Mentoring
Paul Counsel's "Learn How To Multiply The Value Of Your Money Without Having To Get More Money To Do It"
Top Step Trader - Trade other people's money
NinjaTrader
Get started with Bitcoin or Etherium on Coinbase!

If you have any questions about any of these... I am happy to connect with you and discuss.

Posts specific to the 90 day challenge:
Day 1
Day 2
Day 3
Day 4
Day 5
Day 1 – The Restart!
Day 3, Day 2 was Sunday and posted a bunch of other stuff
Day 4
Day 5
Day 6
Restarting Again
Damn! Stopped out