Only one post in May reveals how my mind has been on things other than trading. Yet interestingly I made great profit in May. I traded in a kind of flippant one-eye-open style, just going into the market if something was obvious.
I really didn't have time to do ANYTHING other than check my morning broker statements. I put on a position and watched it via my statements until it was looking interesting enough to load up my charts and move stops.
I've seen this before - when I obsess over trading and really work at it, I lose like hell, and when I'm almost too busy to give a damn I make money.
My conclusion is that the obsession that trading can be is the actually thing that creates the terminal losses. The obsession IS "over-trading".
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1 comments:
Brilliantly stated...I do the same thing. I over-analyze my charts when I am over-trading - I start seeing things in the bars and take bogus trades. I call them "mirage trades"...it looks great from a distance, but it'll leave me thirsty and sometimes with sand in my mouth
In any case, it's good to see you around, I need to come visit the Forum soon, it's been too long. I hope your life settles down to a manageable pace.
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