What i Need to trade
Have a look at the markets and make your decision
I have indicators oscillators
trend lines and triangles
Position Size
data
Explore IG markets
Explore commodities in IG markets
US accounts-Post Pone
I will think of target price later in the future so this will bring risk to reward ratio to the future as well
i am trying to sign into prorealtime
Here is a quick summary of my rules, and something that you can instantly implement:
- If the All-Ords is trending above it’s 30-week Exponential Moving Average (EMA), then I enter long positions.
- If the All-Ords is trending below it’s 30-week EMA, then I enter short positions.
- If the All-Ords is showing 7% or greater volatility, then I don’t enter any new positions.
I don't think that eliminating emotions is the objective - NOR do I even think it's necessarily a good thing. For instance: IF I am confused AND that causes me an emotional response of hesitation. I actually want to see/feel that emotion - it becomes a warning to me that I should wait AND try to find more clarity to the chart/market - asking myself what needs to happen for me to take the next trade.
Shift The Focus Of What The Emotion Represents
I understand the issue - WHAT IF the emotion is the norm instead of a warning of trading conditions.
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make a list of your emotions/fears AND rank the extreme of the emotion
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determine whether the emotion has reached an unwarranted extreme
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shift the focus of what the emotion represents
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SteveCarnish
try not outthink the signals
While watching the video feels like i should do back testing
have a look at the equity curve in backtesting
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Look for trading practice account
set the goal
setup reach our goal
Have a system that address all the areas of my trading this will remove lot of emotions and the have a trading practice account
Webinar
EQUIS Shawn Lucas

Labels: Psychology, Trade, Trading Plan