So i started trading 3 months ago.
In my opinion my trading ability has been on a upward trend since then.
I've closed december and january with gains and my trading style is becoming more and more "professional".Or so i thought.
Problem is that i've been using smaller and smaller positions,waiting a lot more time for better trade setups and sometime even letting go of some good trades because i wasn't completely sure.I did so because i read it on this forum and everyone say is the right way to last in this market:never rush trades,be careful of the ones you take,use perfect money management and so on.I've been doing all this but in the end this last month has been terrible.This will be the first month that i'll close in negative (-0.8% of the original deposit;even though there's still tomorrow and friday) even though the real reason for this debacle is that i've made a really stupid error 2 weeks ago (made a pending order with 0.1 lot instead of 0.01 ...).
So the problem isn't really about this month.
The problem is that when i was less cautious and rational i was gaining a lot more than now.
I'm afraid i'm becoming too fearful and overthinking things.
At the same time i realize that going back to "gamble" isn't the answer.
So what is the compromise?
How can one be cautious and rational without being TOO cautious and rational?(and thus losing good trades opportunities or being stopped out by spikes or simply bad luck?)
To tell the truth i'ts not even a fear problem i'm not "afraid" of losing because if i lose i lose little money;i simply cant find a way to regain that security that i had at the beginning, just opening random positions at random spots without much second thought...and being right.Now even if i open a 0.01 lots and it go straight where i supposed until the position is closed i cant be sure i'm right.
I really am saddened by this fact especially bacause in all the psychology books/threads i read nobody ever went over this peculiar problem...usually people do the opposite.
So what do i have to do?
If this is the real trading i think i prefer losing joking....kinda)
(p.s.:english isnt my first language so try to forgive possible errors.thanks)
In my opinion my trading ability has been on a upward trend since then.
I've closed december and january with gains and my trading style is becoming more and more "professional".Or so i thought.
Problem is that i've been using smaller and smaller positions,waiting a lot more time for better trade setups and sometime even letting go of some good trades because i wasn't completely sure.I did so because i read it on this forum and everyone say is the right way to last in this market:never rush trades,be careful of the ones you take,use perfect money management and so on.I've been doing all this but in the end this last month has been terrible.This will be the first month that i'll close in negative (-0.8% of the original deposit;even though there's still tomorrow and friday) even though the real reason for this debacle is that i've made a really stupid error 2 weeks ago (made a pending order with 0.1 lot instead of 0.01 ...).
So the problem isn't really about this month.
The problem is that when i was less cautious and rational i was gaining a lot more than now.
I'm afraid i'm becoming too fearful and overthinking things.
At the same time i realize that going back to "gamble" isn't the answer.
So what is the compromise?
How can one be cautious and rational without being TOO cautious and rational?(and thus losing good trades opportunities or being stopped out by spikes or simply bad luck?)
To tell the truth i'ts not even a fear problem i'm not "afraid" of losing because if i lose i lose little money;i simply cant find a way to regain that security that i had at the beginning, just opening random positions at random spots without much second thought...and being right.Now even if i open a 0.01 lots and it go straight where i supposed until the position is closed i cant be sure i'm right.
I really am saddened by this fact especially bacause in all the psychology books/threads i read nobody ever went over this peculiar problem...usually people do the opposite.
So what do i have to do?
If this is the real trading i think i prefer losing joking....kinda)
(p.s.:english isnt my first language so try to forgive possible errors.thanks)