Let's talk today about what really drives you into pocket streaks, although it seems to me that this is clear to everyone and I increasingly see that people have an absolutely unsystematic approach to work, and this is exactly what I want to talk about:
The most likely drain, be it personal deposit or prop, will happen exactly after a series of successful transactions, haven’t you noticed? The psyche so easily consolidates positive experiences so that the moment you start making completely rash decisions or deviate from the plan due to the fact that “you’ve already earned a lot, it’s okay” - the mechanism has already been launched. And you will hold on to this positive reinforcement until the loss because “well, I did it there, so now I can trade it off” - nothing will work out for you)
The stupidest thing that is happening in the market now is the idea that your trading system will save you and, in general, as if it is some kind of grail. What happens in reality is that your trading system is a template of positive experience (and what is most important for beginners is usually the experience behind other people’s signals), and this experience has nothing to do with the future picture with which you will be connected. A trading strategy (TS) is an exclusive set of rules for risk management of positions due to a general understanding of the market and not a selection of setups/rules that were inspired by others from trading. When you do not control the moment of decision-making, hoping for a pattern, you will in any case end up in a time period when all your patterns will break and will not work, and you will only think what is wrong - change the vehicle and your next stop will be in the next market cycle which will again break this pattern, or am I wrong? how many times have you tried to change your trading approach and format? what's wrong?
Moreover, working with positive reinforcement should always happen, and that’s why I’ve always said that trading a lot of trades a day is fraught with the fact that you will gain absolutely unnecessary confidence that tomorrow will be as good as today, but unfortunately, since today happens once a year) By trading one trade a day, you do not allow yourself to gain a foothold in the fact that you are half a god and understand something better than others, the truth is that we take everything somewhere, we give it somewhere, and our task is simply to keep the revord in a positive relationship for us.
To summarize this post, I would give a few tips that helped me react to the market here and now, without being tied to templates:
— trade no more than one idea per day and always stick to your plan without changing your shoes after the crowd
— Build a trading plan around risk control without reference to targets for the week/month, etc., without setups and without difference in approach between which market (crypto/forex/metals/indices)
— always trade one risk, regardless of the situation
- be able to disconnect from the market during non-working hours, this is very important so as not to overheat and look at situations at the time when you need and not when you want.
This is the first post of many that I have been preparing for a long time, you can give a few reactions if it was useful
Post #653
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Forwarded from FREE SIGNALS PRO