Why am I always in a back and forth?
- Thread starter M.Joey
- Start date
- Watchers 16
Is it possibly overtrading or expecting the same wins without actually analyzing the market conditions.
You probably lack consistency in your strategy and approach to your trading style. Consider expanding your knowledge on risk management and also keeping a journal can be exponentially useful in such situations.
Some days you make money in trading because the market's doing well or your strategies are working. But then, things can change, like the market getting tricky or you might start making different choices, especially after a win or a loss, which can lead to losing money.
Maybe a kind mean reversion property in prices which eventually translates into mean reversion of returns..Especially if your system have no edge but well-defined in money management so you will have up and down periods with mean zero
thats how life is, Uve just gotta deal with it. if U wanna get ahead U should keep a journal of all Ur trades. later take a look back at it, figure out whats causin Ur losses and then steer clear of those moves.
Let your winners run and cut your losses short ... keep adding to a winning position
NEVER move your Stop Loss
NEVER move your Stop Loss
Sorry I should have been clearer ... I meant NEVER move your stop losses AWAY from the price
Take the hit then wait for the next opportunity
Trailing the stop is good IMO ... IF you can get the distance right
Take the hit then wait for the next opportunity
Trailing the stop is good IMO ... IF you can get the distance right
I encourage to try out trading in physical assets. E.G metals. If you are interested drop me a line and we discuss this into detail.
NP!
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get Ur marketin craps outta here.
How serious are you about this line of work? If you are seriously looking to make it, then dedicate more time and effort to this. Look into other strategies that might suit you, your capital, and available time.
Recently, I've been trying to stick to my trading strategies because I think it's important for long-term success.
By focusing on the long- term plans and reminding ourselves that losses are a part of trading, and try not to let our feelings make decisions for us.
In my opinion, psychological impact of previous gains or losses on decision-making could be a reason.
What you're experiencing is quite common in trading. Markets are inherently volatile and unpredictable, making consistent profitability challenging. A few profitable days can easily be followed by losses due to changes in market conditions, news events, or simply the ebb and flow of market sentiment. It's crucial to have a solid risk management strategy and not get swayed by short-term successes or setbacks. Always review your trades, learn from them, and adapt your strategy as necessary. Remember, trading is a marathon, not a sprint.
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