DislikedTo truly digest this is a plateful.
Always I have looked as the entry of the trade stems from price action, That’s all encompassing as it details a preset to determine the daily trend, current trend, and some type of determining trigger candle/price action/ pattern that influences me as this is the time and direction “ usually predetermined” to enter. And I’m either right or wrong, price goes as planned and I press, it goes against and I look to cover/rescue or reverse if possible.
But does that decision influence the trade from that point on? Is all future decisions shaded by my prior decision on entry? Not to be confused with marrying a position as to keep it until death, but does a preconceived game plan limit or blind the trader’s ability to see or understand future price action that would negate the original?
When dancing you try to feel your partner’s footsteps, in this case are we trying to lead?
Soul searching time.Ignored
Once you are in a trade all future decisions are based on managing the risk. To be a successful trader, you have to be a successful risk manager. This sounds easier than it actually is, but fti's methods are brilliant in helping traders consciously do this. Another important aspect of trading, in my opinion is accepting loss. I don't trade with stoploss. I kill deals that make me uncomfortable and move on.You have to learn to become completely comfortable with losing. If you can achieve this, your mindset is no longer an issue because you understand its all part of the risk. This is just my opinion.
fti
please don't behead any of your concubines because of what i posted here.
Hope isn't a viable investment vehicle.
LOL, just joking.
