There have been times when I’ve strayed from my trading strategy, but not to adapt a completely new one. While I have been tempted to alter it when I see others with greater success, I understand that what may work for him or her may not work for me because of differences risk tolerance, goals, trading preferences, and etc. This is not to say that I haven’t been tempted to change strategies, but I feel that building on my current strategy will take me to the next level (rather than starting all over again with a new strategy).
To be frank, I strayed from my trading plan only last week. I’ve noticed myself exiting my winning trades either too soon or too late, and I miss out on the heart of the gains. So, what I am trying to do is figure out which chart signals I should take more to heart than others. Still, I shouldn’t be straying from my trading plan. For the most part I am doing a lot better focusing on sticking to my trading plan, but there are still times when I stray. I will have to keep a closer eye.
I am guilty of this one. I have been behind recording my past trades.
I might be, but I’ve mentioned many times before that I am focusing on trading more so now than trading psychology. Trading psychology is important, but executing a trade and action is what produces generates profit. Thinking about it can only get you so far.
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