My subconscious does all my typing ... well a lot of it. Now perfecting trading is where I need the juice! LOL
A great way to figure out what happens there is to keep a journal of your trades.
Quite often you'll look back and see something you wrote that broke your rules.
Like forgetting to look at the larger time frame and realising that you tried to trade against the trend, or had tried to pick a top/bottom in the market. Through fear of missing out on getting in early you Sell on a break of the up trend only to have the market bounce back up as part of a cosolidation period.
At the least the journal will help identify situations that your method doesn't work, or problems with your mentallity.
Uao OrangeRoshan that's impressive!
Is it possible to have some documentations about your Tiga Abdul system trading?
thanks
Happy Trading!
Change Your Thinking. Change Your Life - JD
Yeah, right. I often wonder how I got home alive when I don't remember anything!
But seriously, I'm no psychologist though it's well known that subconscious mind picks up a lot more than conscious mind does.
If you ever wondered like me how you got yourself into a trade where right after you took a position, the market starts to move against you and very fast too; the answer to that common occurence may be that your subconscious knew where the market was going but your lack of self-esteem led you to the losing trade situation.
After a couple of trades like that in a row, I wondered if this world happened to revolve around mebut I guess it would be more understandable if my subconscious mind knew where the market was going.
What do you guys think about it?
Maybe that's why psychology plays a big role in trading.
Spa
Remember what nike says, "JUST DO IT". There will be losing trades, but there will be more winning trades. When you keep to the normal 2% Risk Management model, it should be profitable.
When entering a trade, you must be emotionless. The method says, enter Long; with proper Sl & TP; ENTER and log it into your journal. Dont even look at the chart to see where it is going. When it makes, it makes, when it doesnt, it doesnt. I will spend my time studying other currencies looking for the next signal.
Dont cloud your thinking with things like, "Is it going the right way?", or "Oh my god, why is it -10 pips?" or "I should have done the reverse, damn!"
The method works. The winning trades outnumbered the losing trades. But, indecisive attiude & fear will make a winning strategy a losing one. Look at the backtesting results i posted. It has a sizeable losing trades also, but its still positive due to more winnings. Thats why I posted it. Its the only rule (out of 3) that I can give, MOTIVATION. To master the other 2, you must learn to tame the beast inside you.
Stick to the 2% RM and trade with confidence.
I hope that helps a bit.
"The enemy has been discovered! The only enemy you have is YOU!"
Change Your Thinking. Change Your Life - JD
- #146
- Aug 11, 2006 11:54pm Aug 11, 2006 11:54pm
- Joined Apr 2006 | Status: Metatrader Programmer | 1,422 Posts
Thanks. I did a rush job doing the early version of Tiga Abdul method. After reading this, go thru this thread and incorporate the tlatomi method. You cant go wrong.
Happy Trading!
Trust the method 100%.
Remember what nike says, "JUST DO IT". There will be losing trades, but there will be more winning trades. When you keep to the normal 2% Risk Management model, it should be profitable.
When entering a trade, you must be emotionless. The method says, enter Long; with proper Sl & TP; ENTER and log it into your journal. Dont even look at the chart to see where it is going. When it makes, it makes, when it doesnt, it doesnt. I will spend my time studying other currencies looking for the next signal.
Dont cloud your thinking with things like, "Is it going the right way?", or "Oh my god, why is it -10 pips?" or "I should have done the reverse, damn!"
The method works. The winning trades outnumbered the losing trades. But, indecisive attiude & fear will make a winning strategy a losing one. Look at the backtesting results i posted. It has a sizeable losing trades also, but its still positive due to more winnings. Thats why I posted it. Its the only rule (out of 3) that I can give, MOTIVATION. To master the other 2, you must learn to tame the beast inside you.
Stick to the 2% RM and trade with confidence.
I hope that helps a bit.
"The enemy has been discovered! The only enemy you have is YOU!"
thank you so much for another great post.
I will "just do it" from next week!
Spa
