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Thursday, 15 December 2016

Mental and charts

Today is Friday, and I like to ramble today..

Trader like me has 2 common problems:

1) Trading idea - or lack of it.
2) Trading fatigue - tonned of it.

Trading idea is like a concept of when to enter and when to exit.
Trading idea need to be produce in charts, as accurate as possible.
You need to know how to use the software, or hire a programmer.
If it cant be produce in charts, its all in the mind, and we call it discretionary.

Trading fatigue is when the trader's mind cant compute or trade following the plan.
He knows the rule but simply broken it, over and over again.
If the market consist of thousand trading minds, so the market also can be wrong.
But the market is might, and might is right.

So, the only hope is to focusing on producing trading idea into charts signals.
(Or, has a mind made of steel, not organic matter)
Now the brain can use its all strength to just follow the signal on charts.
The plan.
While trading, don't think, just follow the signals.
Be like a zombie in the zone.
Do it first, think later.

Difficult isn't it. We like to think first.


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