{quote} If your past memories are only pain, you will always expect pain.. If your past memories are success, you will expect success... *Another important thing: The difference between good and bad trader is that the good trader has an escape plan! Got it?
{quote} What's the trick then? The trick is not minding that it hurts. eurusd h1 D1: up I'm not opening positions until this is cleanly broken {image}
{quote} The trick is to "know your stuff"... That's the motto... Those who know things and those who don't are not the same! Peace
Past experiences win/loss have nothing to do with the current market situation. If you win or lose, it will be stored in the brain as memory together with an emotion. If you recall these emotions/memories before an entry you already lost, because you are not trading the NOW (current market situation) but your emotions/memories from past market situations (where you were less experienced/patience even). "Maybe it is a trap (memory/emotion of a loss), maybe it is the perfect setup" etc. etc. Of couse we have to use past examples and experiences but...
{quote} I see how you interpreted my words[..]
{quote} I see how you interpreted my words but they were addressing his "what if it is a trap" question! Not trading! The "trap" idea! The "fear"! People who are seeing things as "traps" are acting on emotions because of their past bitter experiences. It was not about trading! It was about his emotional thinking! If he were successful all the time, the "trap" idea would not even become a topic! I hope it explains.
M15: According to H1 plan, I could enter short at 1.16135 this morning... I will add more shorts if I see progress... Happy trading day folks
M15: According to H1 plan, I could enter short at 1.16135 this morning... I will add more shorts if I see progress... Happy trading day folks
