DEALING WITH EXTREME FRUSTRATION IN TRADING! 😰
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- Опубліковано 18 вер 2024
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Are You A Frustrated Trader!? Trading can be very frustrating. Being frustrated is normal in trading but as you can experience you will learn not to react to that frustration. Focus on the one thing that is doing the damage. Never let frustration get the better of you because if you let it take charge of your trades it can lead to significant damage to your account. Is there a way to avoid trading frustration? How do you handle stress in trading? How do you stop emotions from trading? Why is trading so difficult? Frustration in trading can be dangerous and ruin a trader's capital...OK.
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Last week I blew up my 10,000 account that I grew from 1,800 over the past 2.5 years (adding as well as profit). Hadn't blown up before, they say everybody does it at least once but I thought I was different.
2 days of frustrated trading with new access to 100x leverage = dumb decision after dumb decision after dumb decision. Frustration trading moves you to make undisciplined trades/break rules/ignore strategy.
The right move when frustrated is to stay out of the market. Sit in cash until you can look at the charts like a chess game again, rather than a game of flip the coin.
Another $4,000 in funding ready for next week. Until then, just doing lots of charting/preparing and paper trading. Always take a step back and look at the bigger picture. People: learn from my mistake so you don't have to make it. Don't allow emotions to take over your discipline. As soon as you lose discipline, get out and do whatever you need to do to get over it ... and then get back to doing what you do best. Cheers
There are INFINITE possibilities in the market.
Great video Mark. I understand that frustration completely. I scalp the ES and if a few hours after the open go by and I haven't taken any trades or have taken and lost on 1 or 2 and my mind starts says increasingly, "I hate this price action today". I know what is likely to come. I'm gonna eventually get frustrated of waiting and take some marginal setups and most likely lose making me more frustrated etc. etc. So to avoid that spiral I don't feel a bit bad about shutting down for the day. There's always tomorrow.
Super!!! You spoke the mind out. Usually every Thursday(option expiry day) is the time when frustration gets swayed by emotion and I tended to trade mad. To prevent this on Wednesday night I look at my past 'account damage' chart histories and remind myself again what not to do. Most of the time that reading remains afresh on Thu morning.
Nice! Think this is very important for new traders to learn. I've seen the frustration of new traders on many groups, so I'm busy putting a 3 part series on this very thing. 1. The most important thing in trading 2. How to backtest 3. A tried and tested strategy!
Thanks Mrk, really needed somebody to tell me these words.
this happens to me all the time.. its absolutely enraging. I hate this so much. Thanks for the video
🤣🤣🤣 @ 12:00 you explained my trading .... not out of frustration tho, I get in those pockets bc I have no idea what I'm doing HAHAHAHHAH. Still new, but learning quick :) Great vid, thanks
Yup. All of it. Great video.
Love the videos man. Would you consider making a video on the diffrence between the UK stock market and the US stock market?
In what context - equities?
@@ukspreadbetting in a broad genral sence , for example what is the british version of the S&P and how are the two markets different and or similar. Thanks
Good suggestion. I think looking at the ftse and dow differences would be interesting, as well as differences between the dax and the us indicies. They seem to behave somewhat different, but are they really
Great perspective, excellent video. Thank you.
Yes. I am. Yesterday for example . Was a bad day 🙁
thanks mate
Excellent, high level breakdown of the process. Much appreciated
Brilliant lesson video, as always, thank you
Great one Mark! I do love the didactics of this and many others of your videos, where you share both technical and psychological insights in such an organic way.
This sounds exactly like me, I'm glad I'm not alone.
Thanks Mark. Great video. Much appreciated. Ryan
great video, thats how pro's trade!
generally trading the daily TF teaches patience and discipline - waiting for the best signal-to-noise ratio
I feel that🤥. If im catching a low i want it to go sideway first and then break the trendline. Trendline and zigzag is still the simplest strategy. But i had trade yesterday was green not once but twice and could got out on 3rd warning. But I held on and big red. Just as I was having a great week😖.
Thank you...should you allow frustration to ever lead to swing trading a stock?
I find the only way I can be profitable is to trade long long term.. using longterm support / resistance .. that can be very frustrating watching a bunch of trades go back and forwards.. over weeks and weeks... watching profits get stuck at a certain level , reverse.. grow.. shrink again... etc... but as I say it does eventually make profit. But i find try to trade shorter term and there is too much uncertainty in the market at that level. And since Ive been trading around 8 years I just accept.. the market is uncertain.. its not possible as a trader to know exactly what it'll do in the shortterm.. at least i dont thnk so...
Great videos!
dope, I dont get why he would nt ride that long to the up and stop in the middle ? thats what good trader would make the best if its going your direction until the end get the best out of it no ?
wow this is absolutely useful
Man…. This was a much needed video for me. I get it now.
This market condition has made me so so frustrated as a swing trader 😂
he I got to sort out this fudoom bit lmao
You wanna talk about frustrating... I'm a SPY trader and this year has been great for me so far, so I decided to increase scale on my trades last week.. well I went short on SPY last Tuesday, and it ended up ripping over 8% in pretty much a straight line for 4 days straight, strongest week of the year for SPY for no explainable reason, broke the downtrend, with me at the largest size I've traded thus far. I kept adding because the price action didn't make sense to me, and I expected it to correct back in my direction, it just didn't. So now im looking at a loss bigger than my whole years profit x2. Over a 90% wr and the 1 time I'm really wrong, it wipes out everything. If my winning trades were at a larger scale as well I would be okay, but they weren't, so here I am.
You made a couple of crucial mistakes obviously. Highest performance traders avoid averaging down on a losing position like a plaque. They also scale in on strength. They also don't try to predict the future. I'm also guilty as charge but I'm in the process of cleaning up my act. Good luck to you.
Been there done that. The moment you think you know for sure, you´re probably wrong.
Talk slowly
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