So you have had a good week or a great week. Things are going your way. You are now living the dream. Starting this week it is all downhill from here.
Be calm, stay with your discipline, do what you did on Monday Tues Weds to get those gains.
Good old Mom once told me "You have got to dance with who brung ya.."
Earlier this week Janos sharing some trading time with me , that big spike happened right out of the gate. Remember that nice gains to be had all that day broke out of the stagnant ranges. Was awesome and especially if you were in trades facing the right direction. Even if you were not there was plenty of opportunity to get well and into the black.
Janos was fired up I was too. He told me he had made enough for the day, which for him is more than you would believe. Then he said to me " I wish that had not happened. Because I have lost my calm".
I took note of that and realized I was fired up as well. So I closed locked down my gains we bounced songs back n forth for a few minutes then the market was running again nice strong moves. I dipped my bucket in nice awesome profit locked it down when it wobbled a lil bit. Then I thought about how I was feeling tried to calm myself and focus. So I walked away. closed shop.
No telling how much he helped me keep of the profits I had made. Well more than my daily.
Why did I stop? because I could no longer find my calm my balance,because I remember the Friday effect, several occasions in my past Had great weeks only to give it back and at times more than I had gained on a Friday.
I know you have heard many times in chat others stating the same fact. Have you not seen others express this sentiment or you experienced this in your own trading?
Yesterday the long awaited retracement came 9440 to 9640 on EJ yee haw eu rocked it markets are moving.
Dance with who brung ya.
You made gains because you planned your trades, charted your plan did the work and took the usual precautions
Good old Mom. When I was young I was the skinny kid with glasses with the pen protector in my pocket long before they made the movie. Only problem was I was a lil scrappy do, was always scrappin with somebody. One day Mom pulled me aside " Now you know that when someone makes you angry they control you right?'
Same theory applies here yet it is the battle with self. Hey I am not saying be doom and gloom you have done well congratulations are in order . I am just saying keep your self image as a successful profitable trader that does the work required and takes the precautions to be successful. That is more towards the middle a balanced view and rightly so. cheers
Your ego would have you believe that you are now the forex prime intuitive and you need simply glance at a charts and make the proper trade exactly at the right time purely by osmosis.
Now I do not want to put limiting beliefs in your head but I respectfully submit that you might consider that level has not been reach yet.
Dance with who brung ya
Alright this goes out to all new trader's. By Sir Gissachance's definition that is 7 yrs live experience. So all you experienced guys 10-15 30 years you have dealt with these issues before, any insights greatly appreciated
Hoping you all have a great day