Disliked{quote} Well I am still in highschool, and I do have a strategy and a strict code I stick to when I'm on the charts. However your right, maybe its the lack of experience, maybe something else but managing emotions is extremly tough, especially when I'm not able to be on the charts all the time cus you know, school and sports and stuff. Everytime I buy, when I see a red candle I instantly go into panic mode, vice versa with shorting. I've been introduced to trading for around 8 months now, but only really got into it around the start of summer. So...Ignored
You’ve got a strategy and rules the most important thing I can tell you: don’t break your rules. You can give the best strategy to 5,000 people with clear rules (if this, enter; if that, exit) and let them trade it for a year: 4,990 will say the strategy is bad, and maybe 10 (or fewer) will be profitable. Why? Because the winners recognized their emotions, admitted them, learned from them, and followed the rules. The key is emotional awareness and control.
Most people don’t fail because of the market, the strategy, or the indicators they fail because of self-sabotage: FOMO, greed, ego, over-trading, revenge trading, regret, anger when it goes against them. And the worst part: they blame everything except themselves. That’s the real problem.
You said yourself you feel like you’re gambling that’s a big red flag to fix. Trading is not gambling. That’s where risk management comes in. You have an idea/setup and yes, you must risk money to make money but how much you risk is on you and on how well you manage your emotions.
Losing trades will come regardless even pros lose. The trick is to keep losses minimal. You can have 8 losing trades in a rough week and still end the next week strong with 2 big winners that recover everything plus profit. When you’re up for the week, only risk a small slice back into the market. Think of it like a business: you reinvest a little in tools, not everything.
If you take a few losses in a row: stop trading. Emotions won’t disappear they’ll always show up but if you recognize and admit them fast, you’ll go far.
School/sports take time, sure. You can still check the market in the morning before school, mark your zones/ideas, and manage positions on your phone. Just don’t panic on the first red/green candle against you. Follow your plan and especially your risk management. Not every idea will work. Sometimes price comes close to your SL and then goes your way; sometimes it tags your SL and then runs your way that’s normal. Stay within budget and risk so you can re-enter if the setup is still valid.
You can also set alerts on key zones so you don’t stare at charts all day.
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