I struggle in my trading, and try to find what works the best for me. Often, traders make money while I lose money on the exact same stocks!!! Stocks that I have on my watchlist but that I don't trade by fear. Sometimes I trade them but execute too soon (with stoploss too close) because I don't believe in myself, in what I'm seeing on the charts, and then I see that I was right... and want to punch me.
We must trust ourself and we must trust our judgement as traders, especially when we know basic patterns, when we have seen some Tim dvds, when we have read some books. I think we all know that breakout often equals buy. SO WHY DON'T WE BUY WHEN THERE IS A BREAKOUT? (I personally didn't until this week)
One of my favorite quote from Jesse Livermore the best trader ever :
"A man (ed: or woman) must believe in himself and his judgement if he expects to make a living at this game"
We must TRUST OURSELF, EXECUTE OUR TRADES WHEN OPPORTUNITY IS HERE, WHEN THERE'S A GOOD RISK RATIO
If we know the patterns that work, there is no reason why we should fail, if we trade the plan:
-good stop loss
I hope you all will succeed as traders and become profitable.
Sorry for the english
nous y arriverons les gens.