As a retail trader, yes. Most of the institutions have many checkpoint before actual trades take place, so they are sort of detached from most the process. From my understanding

You might argue that the most rational decisions you make, would be to include your emotions and feelings in the process. Another simple step is to ask yourself. "If I make this decision, how would I feel afterwards?" by that simple question, you've ...

I disagree. You cannot control your emotions and meditation is not about controlling. But rather see them as they are head on and meet what ever emotion you have. There is a big difference in trying to control your emotions vs observe your emotions ...

I've seen many numbers floating around on how much the market consolidates or trends. The number all depends on what instrument and time horizon are we looking at? It has been proven in several studies that markets tend to go above 3 standard ...

I'm a very emotional person, but there is a huge difference in having emotions, and then acting them out. There is no way around feeling bad when you take a loss, exit too early etc. but to be able to put words on your emotions will help you not ...

I understand where you are coming from, however, science shows that your traditional thinking on being "rational" isn't what it seems. It turns out that behind your rational, there are always emotions in play when it comes to decision making and ...

I think the biggest issue is the capital you need to make an actual living out of trading. I connected to a prop trading firm and I was lucky to get hired. They provide capital and mentor, but for a cost obviously and it's not cheap. But what you ...

I do not think this is the case at all. You can be profitable on the short term trading and long term as well. The shorter timeframe have more opportunities in terms of risk:reward - ALso, insider info? really? if that is what you believe, why are ...

I think if I had to narrow it down to one key component, it would probably be taking responsibility for your trading and money management in general.

You can have a much edge as you like. If you lack the risk management part you will eventually blow up your account.

It's probably the hardest thing to do in trading. The old saying "plan the trade, trade the plan" is kind of bs because it's not possible. Even when you think you do, you most likely have a few rules changed here and there a long the way. I would ...

Hi Walpants, it's only natural having these emotions, but you have the choice of acting on them. writing your emotions down and perhaps manage your winning trades more systematic could be your solution. I also suffered from taking profits too early. ...

Thank you for your kind words. I think some traders might get where they want to be, much faster than I did. I had a lot of mental baggage that I needed to get sorted, but also the willingness to let parts of myself go. It sounds a bit soft, but in ...

that is because it's not a technical element that we are missing, but something within us as traders. However, one big reason why traders fail is because we let our losers run, and cutting our winners short. Within that last sentence, there is a ...

<sorry to chip in a little late here. I would say it completely depends on what you want out of trading. Some wants some little money on the side and that's fine, others want to make a living out of it. To give you some perspective, here is my ...

What doesn't work? letting your losers run and cutting your winners short What does work? letting your average winner be much greater than your losing trades. How? Trail your winning trades and get out of your trade when your reason for entry is no ...

In my opinion, there is no such thing as good or bad emotions. When dealing with probabilities you are supposed to feel bad when you have 5 losers in a row. There are less profitable actions you can take, but your emotions never cost you a dime in ...

In my opinion, there are many ways to skin a cat, so to speak. I've met traders that by simply journaling their feelings, they weren't as likely to act them out, and it also left them some good clues on where to find an edge trading. At first, it ...

Thank you for sharing Loozers. What people don't see on the equity curves you've uploaded is the drawdown or no profits for months at a time. That is what real trading is. If you think you can be profitable every month you're gonna struggle! It's ...

I think it takes a lot of time and effort to figure this out, as we all want to complicate things. We want to be smart and fancy and call our systems name that sounds like we are going to concur the world. Hehe... @AmmaBoss I'm pretty sure that the ...