Hi Mamood, I cant really tell you how to do it neither can I claim that I have mastered myself. However you did say that you still end up with net profit, I think that itself is a good sign. Maybe you should not take yourself too seriously and cope with the fact that people do screw up sometimes and that the market's job is to mind f**k the trader's perception.
Generally if the whole thing "feels" very difficult to do, then I would take a step back. I hope I make sense here, its like if I see a setup and cannot make a decision within 30 seconds then I dump the plan. Same like rescues, if I struggle to decide whether to rescue or not (within spilt seconds), I dump the plan and take the loss. Reason is simple, if I take longer than usual to make decisions, then I am out of tune with the market, rather wait to be in sync with the music.
Do you play sports competitively ? Imagine yourself a team captain in a soccer match and you are already 2 goals down by half time, yet you cannot walk away from the match right ? You still have second half to go and going on to win the match is not all so unlikely. What would you have done to try to turn things around ? Re strategize, increase morale are some of the things to start. Key is, you are both the captain and the team.
I think I talked too much...
regards
Generally if the whole thing "feels" very difficult to do, then I would take a step back. I hope I make sense here, its like if I see a setup and cannot make a decision within 30 seconds then I dump the plan. Same like rescues, if I struggle to decide whether to rescue or not (within spilt seconds), I dump the plan and take the loss. Reason is simple, if I take longer than usual to make decisions, then I am out of tune with the market, rather wait to be in sync with the music.
Do you play sports competitively ? Imagine yourself a team captain in a soccer match and you are already 2 goals down by half time, yet you cannot walk away from the match right ? You still have second half to go and going on to win the match is not all so unlikely. What would you have done to try to turn things around ? Re strategize, increase morale are some of the things to start. Key is, you are both the captain and the team.
I think I talked too much...
regards