For me my problem in trading has always been the opposite of what is described here. When I’m in profit there is no pleasure, I want to close the trade as soon as possible to avoid losing the profit, and when I’m in a losing trade, I hold it as long as possible in hopes it will come back again to at least my break even which often ends in a deeper loss. Thus I am creating very small winners albeit lots of them, however when I lose I lose big and wipe out all my wins and then some. This is backwards of course, letting your winners run and cutting your losers quickly is essentially the key to being a successful trader.
Have a check list in front and fill it before entering a trade Decide the max risk level and amount Have it infront and exit the trade when you see it Trail stoploss Most importantly believe that losses are expenses and can not be avoided but can be reduced Also believe that not all but only few trades will be correct so when you see it's going incorrect cut it immediately and look for next opportunity I believe the problem is we want to be more right than profitable Let's remind ourselves We need not be right often but profitable at the end
The “master pattern” is an organic process (imo). Meaning it is the drawing left by price interactions amongst variant human financial transactors. The MP in any timeframe or any product is based on the fundamental auctioning process that starts with the bid-offer product transaction process (the auction). You can watch a bid-offer spread transact in real time and watch the master-pattern orient itself as a natural by-product. I learned alot from watching Wade’s explanations and it is very clearly evident in the immediate bid-offer transactions in real time. Cheers TraderFred
but people said that, when you loss, you tend to hold that position and hope that it will less loss (avoid pain of mistake), and when you profit, you tend to close that position (so that i feel you right and avoid loss profit)
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
wow... best masterclass ever... you are about to save my day trading journey... thank you so very much...
Happy to hear that!
I really like this format. The informations provided are useful and interesting! Good job!
For me my problem in trading has always been the opposite of what is described here. When I’m in profit there is no pleasure, I want to close the trade as soon as possible to avoid losing the profit, and when I’m in a losing trade, I hold it as long as possible in hopes it will come back again to at least my break even which often ends in a deeper loss. Thus I am creating very small winners albeit lots of them, however when I lose I lose big and wipe out all my wins and then some. This is backwards of course, letting your winners run and cutting your losers quickly is essentially the key to being a successful trader.
Have a check list in front and fill it before entering a trade
Decide the max risk level and amount
Have it infront and exit the trade when you see it
Trail stoploss
Most importantly believe that losses are expenses and can not be avoided but can be reduced
Also believe that not all but only few trades will be correct so when you see it's going incorrect cut it immediately and look for next opportunity
I believe the problem is we want to be more right than profitable
Let's remind ourselves
We need not be right often but profitable at the end
The “master pattern” is an organic process (imo). Meaning it is the drawing left by price interactions amongst variant human financial transactors.
The MP in any timeframe or any product is based on the fundamental auctioning process that starts with the bid-offer product transaction process (the auction). You can watch a bid-offer spread transact in real time and watch the master-pattern orient itself as a natural by-product.
I learned alot from watching Wade’s explanations and it is very clearly evident in the immediate bid-offer transactions in real time.
Cheers
TraderFred
Great tips and the fundamentation too. Thank`s a lot
Great information thank you
Glad it was helpful!
Goog informations❤❤❤❤❤❤
What you think about hedging with ATS?
Muy Bueno...., totalmente deacuerdo Contigo....😂
9:15 chart example. pain and pleasure.
Great information. How can I access ATS software?
You can go to www.tradeats.com and apply to work with us there.
but people said that, when you loss, you tend to hold that position and hope that it will less loss (avoid pain of mistake), and when you profit, you tend to close that position (so that i feel you right and avoid loss profit)
🙏
As more and more trading is done by robots, will these psychological factors become less and less relevant?
I wait on pain (when in loss) and exit immediately I pleasure 😢
Excellent! That is the beginning of understanding profitability.
not the experience of most traders. they let losers run and take profits tooo early
You are right. This is usually after they are so badly damaged that they have become numb to the pain of loss.