Emotions are a killer

After losing pretty much money (For me). I decided to
Take a stop. The biggest fight I have is with my emotions when
I am trading.I took a break to read,learn and get a better understanding
of my emotions. When I lost a trade I always wanted to get it back.
Often by opening sizes way bigger than my account could handle.

My trading explorer says I did 3534 trades with a winrate of 78.3% over the last
2 years. But because my emotions and greed I Iost more
than I have earned I guess I'm up for a new run and stay focused to keep
my emotions at the sidelines

Hoi Marsje,

Best of luck!! The feeling of not controlling my emotions in trading, sounds familiar to me. Thank God that I have teached me a workaround, by changing timeframe and execution method. It works for me! Hope you find your edge too, real soon because your winrate is very, very good, but your money management really sucks.

Thats a lot of trades!

Yup soon I will hit the 5000 mark hehe.

You're right Dutch, my money management killed my balance pretty badly.
I don't have a fixed timeframe. Mostly I check the 5 min to enter and the 1h, 4h and daily for direction.
I have the feeling that trading the daily will be the most profitable for me if I dont break my rules,
but it can sometimes takes ages to wait for the perfect setup

Mars, I do not know what trading strategy you are using, but mine allows me to set pending orders. So I do not have to sit all day in front of the screen.

Emotions are not a killer.

Not the real problem.

The control of one's emotion - in any activity - is proportional to the degree of certainty.
It is not possible to control emotions in an environment in which the results are random and in which money os at stake!

An engineer building a bridge would be silly to have "emotions" while building the bridge. There is a 100% certainty that the bridge will stand.
In trading, emotions are good, it's your mind telling you are doing something stupid and illogical.

What's a killer is to get different results performing the same actions -- it's also very addictive.
That is why "bridge engineers" will always make more money than your average traders

I hope you won't never start your own business...You see, when you call a customer in order to make transaction, you never know if it's going work or not. But I can tell you from my own experience that when you have to sell some machines for a 300K cost, you have to be confident because if you're not, it doesn't work.

A lot of retail traders work alone, they try to creat their own methodology from nothing and this is the only difference. When you sell products for a compagny, you get a regulary salary. At first, your manager explains you how to do it. I sold some stuffs which cost around 100K or 300K.

As a retail trader, you have to build your own system and you have to be confident too. It takes time, many years and it's perfectly normal.

Trading is like a war with yourself, but acknowledging and learn from your mistakes is
the way to overcome it. Just like everything else in life I guess.

Correct, if I lost 30 eur I was determined to get it back by trading lots too big formy account. There were days I lost an additional 250+ eur that way hehe.But that won't happen again, when things didn't go your way it's better to call it a day

Hello,

well, emotions are always a problem when trading. That's why it's so important to have certain trading rules and be disciplined to respect them for every trade.

That you have 78 % winning trades and still losing money tells me that you probably don't use stop losses, or you just trade a negative risk- reward-ratio.
You should go through your money management and look what to be improved.

The best rule is to always risk as maximum of the same amount of money for every trade / to see every trade equal. Probably 2 percent of your trading capital.
Always define the lot size depending on the stop loss. Not the other way around. And like I said, risk a fix maximum of money per trade.
(Lot's of traders who lose money try to trade with a higher lot size after a losing trade because they want as quick as possible the loss compensated. Or if they have a good run they become arrogant or whatever and also trader higher lots. Bad idea.)
The next point is to be not so aggressive with take profit targets, close half of a position before the next significant resistance to protect the SL. (Don't let a winning trade become a losing trade.)

The bottom line is self discipline to respect money management rules. If you want to survive in the long run.

Good luck!