For todays pattern at London open, it wasn't my first time - in fact it was my 3rd fail.
Yes my friend you are very right
(If you're looking Franco) that I need to address the issue immediately and closely examine why it keeps going wrong. I've been thinking (lol this business requires a lot of self reflection) and I think the root of the problem is that since I haven't clearly defined the distinction between V sell at the rim and V that transitions into a buy (yes V sell can turn into a buy !! how frustrating right, they're gazillion kinds of variations with settle differences) while I was in the short trade I had that fear in the back of my mind constantly, what if it goes up what if I am wrong so I ended up closing my initial short again.
And I think I also need to highlight "entry" - entry is essential ! I don't agree with people who says as long as you are going with the trend entry doesn't even matter kind of BS because it does matter a whole lot. For instance taking todays pattern as an example and the previous two fails I did enter too early so when London opened and pushed it slightly higher I started panicking and wondered if it was a buy after all.
So in conclusion I need to work on my mental roadmap = preplanned sequences yesterday I did go into things a little in depth where as before that it was too vague (being vague doesn't really cut it in this business) so I need to make that distinction however settle they may be clear as day. Apart from that I do think it's necessary to add up details on entry for each pattern and their variations and be as specific as I can ruling out any variable that may instigate "the thinking voice" in my head - because surely it finds its place in my mind while I'm in the trade obviously when I'm not 100% sure about what's going on.
Yes my friend you are very right
And I think I also need to highlight "entry" - entry is essential ! I don't agree with people who says as long as you are going with the trend entry doesn't even matter kind of BS because it does matter a whole lot. For instance taking todays pattern as an example and the previous two fails I did enter too early so when London opened and pushed it slightly higher I started panicking and wondered if it was a buy after all.
So in conclusion I need to work on my mental roadmap = preplanned sequences yesterday I did go into things a little in depth where as before that it was too vague (being vague doesn't really cut it in this business) so I need to make that distinction however settle they may be clear as day. Apart from that I do think it's necessary to add up details on entry for each pattern and their variations and be as specific as I can ruling out any variable that may instigate "the thinking voice" in my head - because surely it finds its place in my mind while I'm in the trade obviously when I'm not 100% sure about what's going on.
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