Trading Psychology
Best practices for trading psychology
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this is crucial. congrats to this achievement. the rest was just a lesson to be remembered. do not repeat it ever. you can consider the 300k unrealized as a luck and not something you achieved with proper process so it is not earned and to be kept. forgive yourself first. it will pass. you never had the money in your hand. it was just a number on the screen. it did not change your life being there or not being there. you are still ok. you risked it and you lost it. that was the play. swallow. remember it. move on. https://open.substack.com/pub/traderpeter/p/why-are-your-losing-days-bigger-than?r=1wujo4&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false -
By Zappy Jones · Posted
Hey yall, Ive had a stellar year since I went full time trading in March. I started with 35k and built it up to 200k last week. I only trade AMD as thats what I found I am best with during my year of simulator. However, i caught wind of that Figma IPO and thought id dabble since id been doing so well. I made a quick 65k on that and my head just ballooned, i was like im so close to 300k this is amazing, my goal for the year was 120k, so i was well passed that but my ego and greed got me. I took another figma and rode that all the down to a 130k loss. It was stupid ive never traded an ipo and was a deer in the headlights watching movement go down so fast. So, now here i am, still above my yearly goal but that loss is devastating. I realize it is a great learning opportunity for me, on my risk management, not sticking to my strat, not sticking to AMD, etc. But im looking for help with my mental on this. I feel a heavy depression and just the words, your a stupid loser that just lost months of work in one single trade, on repeat in my head. Even though im technically still meeting my goal and doing far better than i imagined my first year, i still dont know how to shake this loss. Im back trading AMD and working my strat, journaled my lessons and all but im struggling to shake this and can see it making my trading more timid now. How do I get this loss out of my head? Its eating me alive. Thanks for any advice. -
Share=0.5*SShare; the 0.5 means half. if you want whole size remove the 0.5* from the equation. you have several steps that guarantee you will not risk $100 neither use 100% of the BP for better hotkeys go here
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Thank you Peter! After many tries i understood that Round2 worked only on values which are fields on the montage, but still I didn't know how to round a number outside of the montage. Thank you! And also thanks for your site. I keep finding lots of useful information there! -
By Balazs Horvath · Posted
Thank you, Peter. Appreciated!
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