No articles found to show on this page.
I’ve been trading with some bad habits which I am aware of. Every single time it happens, I say to myself not to repeat it and once I am in front of my screen and about to enter, exit or manage a trade, I forget about my bad habit and stupid mistakes until they happen again. Often times, when I realize them as they happen, I cannot tell my mind to stop doing this BS. Once I lay down in bed, preparing for trading the next day, I keep telling myself that THIS was the last time, it won’t happen again. And guess what happens the next day …
Some of my bad habits:
1.) Moving SL into profit after price goes nicely in my favor. Once moved and placed on a correct position and price comes back and close to my SL, I start moving it around, hoping price will go into my direction again and often just get taken out with a small profit instead.
2.) Not taking profits when my feeling says I should … or when reaching a decent risk:reward. Instead, I get greedy and very often punished, resulting in profit returning (but once I do not let it run and take my profits, price flies away in my favor .. ugh).
3.) Using a working and tested strategy of mine but sometimes still second-guessing myself and then missing the entry … and then cursing myself why I didn’t take the trade. Not sure how to improve that.
4.) Getting rid of the “I knew it!”-feeling. It blocks my mind.
So far that’s all as far as I remember. Any tips and advice? And before someone says I should read trading psychological books … I did and it was fine but after few days/weeks, my bad habits are back that refer to psychology.