How do you learn to trust yourself in trading? | Page 9 | Metals Mine

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How do you learn to trust yourself in trading?

  • #161
  • Apr 29, 2020 2:22pm Apr 29, 2020 2:22pm
Probably in order to avoid any problems and difficulties you need to be absolutely sure of what you are doing. And of course there is no such confidence at the moment when you are just starting to trade, so you feel a certain stress at every stage, you want to get more, but this case takes a lot of time and at some point it can be very, very difficult for you.
But as time passes, you adapt and you understand the basic regularities of the market, every action in trading becomes more mechanical and takes less time, you literally gain speed and even learn from your mistakes. All this makes you a trader, not a player, and in the end you can become a real professional.
  • #162
  • Apr 29, 2020 3:42pm Apr 29, 2020 3:42pm
Find your weakest link and break it annnnnnnnnnd .... never attempted to blinkk .......
  • #163
  • Apr 29, 2020 6:23pm Apr 29, 2020 6:23pm
this is very nice
  • #164
  • Apr 30, 2020 8:50am Apr 30, 2020 8:50am
The only way to survive in this jungle is to trade small and lose small amount to give your self time more time, more time ...practice practice. Its not came in days even its required years. so survival is the key to succeed.
GL.
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -425
  • #165
  • Apr 30, 2020 9:24am Apr 30, 2020 9:24am
Quoting mohsinali
The only way to survive in this jungle is to trade small and lose small amount to give your self time more time, more time ...practice practice. Its not came in days even its required years. so survival is the key to succeed. GL.
yes proper money management is key. Also trading small allows you to survive the noise in the market, when you trade too big you can’t survive moves against your trade which almost always happens when you enter a trade
  • #166
  • May 14, 2020 12:05pm May 14, 2020 12:05pm
The 3% rule - as soon as you make a 3% profit hit exit. Don't look back to see what how the market is doing. The earning will be small but so will the chances of losing too.
  • #167
  • May 14, 2020 3:02pm May 14, 2020 3:02pm
I trust statistics / empirical evidence.. but not too much. my self is aware of the risks.
  • #168
  • May 19, 2020 7:44am May 19, 2020 7:44am
Quoting Deepak.Dubey
The 3% rule - as soon as you make a 3% profit hit exit. Don't look back to see what how the market is doing. The earning will be small but so will the chances of losing too.
That is an interesting strategy... But I think looking back might be good to analyse trade... to see the "sweet spot" of TP or potential profits in % in your example... Because one might found out that in the last X trades he made... all the trades were at least 4% profitable... so he might have adjust the PULL-OUT strategy

But yeah, I got your point also... It is very tempting to look back too much and can be risky applying too high "pull out" % "rule"...
Can you afford to take that chance?
  • #169
  • May 29, 2020 6:51am May 29, 2020 6:51am
Once you are done with lot of practice by analysing the market and you are going towards right track in trading, you will start gaining confidence in youself and you will learn to anticipate the prices of pairs by observation and that' how you will learn to trust yourself in trading.
  • #170
  • Jun 1, 2020 9:52am Jun 1, 2020 9:52am
I started trading in April 2016, since the last four years i have gone through a number of systems lost quite bit of $ as well. But that i consider is your tuition fee. You can't learn to swim until you learn not to drown first. I watched videos of lots of videos of forex/commodity gurus (example Wayne Mcdonnel, Erik Townsend etc.) but the best and most relevant coaching i got was from the 'Pivot Trading' thread by 'Davit'. It is not that it will wok for everybody as we all do not have the same account size, job timings and temperament even. Some won't like to hold a trade for more than a day some even an hour. But i still will recommend you to give it a try as it is.
All Davit is not the founder of Pivot Trading (nor he claims to be) but the system has evolved over time so people like me don't have to reinvent the wheel.

So once you get the hold of a system that works for you, trust comes when you diligently practice it without fail. All a system can provide you with is an EDGE. and that is all that you want.
  • #171
  • Jun 1, 2020 7:44pm Jun 1, 2020 7:44pm
Honestly, a great thread, if we want to survive in trading then we should everything about trading before the start.
  • #172
  • Jun 5, 2020 7:29am Jun 5, 2020 7:29am
I believe when your confident enough you trust yourself while trading. Because confidence comes from the knowledge you have gained by the experience.
  • #173
  • Jun 8, 2020 2:22am Jun 8, 2020 2:22am
Quoting mohsinali
The only way to survive in this jungle is to trade small and lose small amount to give your self time more time, more time ...practice practice. Its not came in days even its required years. so survival is the key to succeed. GL.
Good advice. Sustaining is the goal.
  • #174
  • Jul 6, 2020 7:33am Jul 6, 2020 7:33am
In any case, there is fear in the trade, because you are constantly taking risks, and the human body is not a machine and often has a stressful state and may even have a nervous breakdown. But there are many ways to dampen your fear, put it in the background or even take advantage of it.
First of all I advise to relax, meditation is ideal for this, but I would even recommend listening to some chill music, it is very soothing and your body reboots.
Secondly, I would recommend that you treat failures more easily, not as something terrible, but as a new experience through which you can reach new heights.
  • #175
  • Jul 6, 2020 7:14pm Jul 6, 2020 7:14pm
Quoting Vudokus
In any case, there is fear in the trade, because you are constantly taking risks, and the human body is not a machine and often has a stressful state and may even have a nervous breakdown. But there are many ways to dampen your fear, put it in the background or even take advantage of it. First of all I advise to relax, meditation is ideal for this, but I would even recommend listening to some chill music, it is very soothing and your body reboots. Secondly, I would recommend that you treat failures more easily, not as something terrible, but as...
Good advice, we can only relax in Forex if throw away our fear of loss in Forex trading because loss is a normal thing. We should only follow the rules and trends of the market and try to make profit.
  • #176
  • Jul 7, 2020 1:04am Jul 7, 2020 1:04am
Just keep that confidence on. Make yourself so thorough and well practiced in this field, that you have no reason to doubt yourself.
  • #177
  • Last Post: Jul 7, 2020 3:23am Jul 7, 2020 3:23am
I guess learn to "trade by instruments" (similar to flight by instruments) - e.g. almost mechanical trading. My biggest fails always come when I monitor the price. But still, pushing the comfort zone boundaries day by day is hardcore tough.
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