Hi all,
We all looked to TV on what happened with the earthquakes, and then avalanches on Mt.Everest which catch a lot of mountain climbers on Everest and died many of them... (We Romanians have 5 famous mountain climbers, and by now we know they are safe and sound and report back...)
But with all of these, I have a question which keep come in to my head, and I wanted so much to hear from you... Like the initial developer of this thread said, how do I develop my mental fitness?!
Lately I discover that this is what I'm missing.... the lack of trust, and because of these I have a few times when, although the trade was correctly placed technically, in the initial phase was turning back on me, and on -10, -20 or -30 pips I was manually closing, scared, and of course from that point or in that area it was turning in the right direction, and of course I did "freeze" and didn't enter back and lose big opportunities, that make me wonder what is worst: to take a SL or to lose some very good trades that you watch developing during time being scared ...
But there were times when I manage to get back over this and stayed and got a lot of pips, not to say I even had courage to scale in in intraday moves...
I think I'm a little inpatient, and I always expect big momentum in the market, which I know is nonsense, there are days when you should be happy if you can grab 30, 40 pips, and this in M15, and ofcourse don't give them back to the market . And because I'm impatient, for the moment I don't find the mental power to trade the bigger TF yet, because now you are at +80pips then correction and go back to -50.. and after half a day again to +20 and so on, so on... Although I also discover, if you correctly learn to trade higher TF, you will definitely be more profitable in the long run.
I know that I shouldn't watch the market staying tuned a lot of time, but for the moment the only way that I found to do trading is during European session while I'm at work.
So, how do I develop my mental fitness?! and be more patient and more focused?
Thx,
Cris
We all looked to TV on what happened with the earthquakes, and then avalanches on Mt.Everest which catch a lot of mountain climbers on Everest and died many of them... (We Romanians have 5 famous mountain climbers, and by now we know they are safe and sound and report back...)
But with all of these, I have a question which keep come in to my head, and I wanted so much to hear from you... Like the initial developer of this thread said, how do I develop my mental fitness?!
Lately I discover that this is what I'm missing.... the lack of trust, and because of these I have a few times when, although the trade was correctly placed technically, in the initial phase was turning back on me, and on -10, -20 or -30 pips I was manually closing, scared, and of course from that point or in that area it was turning in the right direction, and of course I did "freeze" and didn't enter back and lose big opportunities, that make me wonder what is worst: to take a SL or to lose some very good trades that you watch developing during time being scared ...
But there were times when I manage to get back over this and stayed and got a lot of pips, not to say I even had courage to scale in in intraday moves...
I think I'm a little inpatient, and I always expect big momentum in the market, which I know is nonsense, there are days when you should be happy if you can grab 30, 40 pips, and this in M15, and ofcourse don't give them back to the market . And because I'm impatient, for the moment I don't find the mental power to trade the bigger TF yet, because now you are at +80pips then correction and go back to -50.. and after half a day again to +20 and so on, so on... Although I also discover, if you correctly learn to trade higher TF, you will definitely be more profitable in the long run.
I know that I shouldn't watch the market staying tuned a lot of time, but for the moment the only way that I found to do trading is during European session while I'm at work.
So, how do I develop my mental fitness?! and be more patient and more focused?
Thx,
Cris