hi guys, should we open a relax box in this forum, i'm going crazy when i'm a day trader,i just keep watching computer screen for all day, stock prices go up and down, up and down, my mood as well,please helpppppp
If you are emotional during the trading process then you will eventually make mistakes.
It can be very tense trading large positions, but if you are confident that you have squewed the numbers in your favor, through appropriate risk management techniques, then you will be confident that you can withstand a number of losing trades without experiencing too much account draw down.
Find out why you are so emotional with daytrading.
hi guys, should we open a relax box in this forum, i'm going crazy when i'm a day trader,i just keep watching computer screen for all day, stock prices go up and down, up and down, my mood as well,please helpppppp
I don't day trade. Trade IT, WayneL, Prof, Edwood and a few others do.
I wonder how they keep thier emotions in check? One thing that would be common to them, is that if they are successful...they will be good losers...and feel little emotion about being wrong about a trade, and losing money.
I don't day trade. Trade IT, WayneL, Prof, Edwood and a few others do.
I wonder how they keep thier emotions in check? One thing that would be common to them, is that if they are successful...they will be good losers...and feel little emotion about being wrong about a trade, and losing money.
I have not been watching the intraday that much lately, main reason i feel to confined to having to sit there and watch watch watch. I am position trading on daily charts now. Losses, my tick is to just say good bye to my stop point and not think anything when i hit deal i just tell myself this is a 50/50 and it may work out it may not. As long as i followed my rules and system to trade i am never upset if a trade goes against me as i know i followed my rules and i could not have done anything more to to make the right decision. as time goes on your system and rules evolve hopefully so do your results.
chuong24,
Intraday is a tough gig and i think mastering day to day trading is a must before mastering intraday trading. I like intraday but the time you need to spend watching the market puts me off with so many different markets around there is always something that is trending and offering a opportunity.