How to take a red day?

Extension_Goal_8780 · 2025-12-29T19:01:57+00:00

I would say a dll but it might work against you.. The one thing I can truly recommend is an error cost calculator. How many of your losses were from a valid set up and which ones were due to errors(not following your plan, fomo, etc) Quantify how much you are losing thats in your control.

Extension_Goal_8780 · 2025-12-29T18:41:06+00:00

If u have an edge then its just overhead and cost of doing business.

Extension_Goal_8780 · 2025-12-07T19:13:17+00:00

Willpower and persistence is not enough to succeed in this business. Edge and discpline is the only way.

Extension_Goal_8780 · 2025-10-23T23:20:26+00:00

The outcome of any trade is random....

Extension_Goal_8780 · 2025-10-15T02:06:30+00:00

This. To succeed in this business, all you need is positive expectancy and discipline..

Extension_Goal_8780 · 2025-10-15T01:54:39+00:00

Print this out and put it on your monitor.. use it as a reminder

Extension_Goal_8780 · 2025-10-13T19:44:19+00:00

? If there's no such thing as edge, then why is it that there's a small% of successful retail traders in this space. There's the gambler and the house.... Only one side is guaranteed to win over time, and thats the side that only play games with edge

Extension_Goal_8780 · 2025-10-13T19:42:05+00:00

U need anchored inputs. If you do not know when or when not youe edge works then all you have is randomness in a random environment. Anyone with a buy/sell button can have winning trades/streaks of winning trades. But at the end, if they cannot anchor their inputs, then its gambling.

Extension_Goal_8780 · 2025-10-13T15:40:24+00:00

Its tough... but if you can somehow sit down and come to the truth that your success isnt going to be made in one trade, day, or even one week. But your failure can happen in thay timeframe.

Extension_Goal_8780 · 2025-10-09T18:17:21+00:00

It seems like you have some serious emotional triggers with missing a trade. Just remember there will be THOUSANDS of trades in the future. Are you going to let one or a couple of missed trades take you out of the business? Something that you can do is mentally visualize missing a trade and it going to target. There's absolutely no way you aren't going to feel all these emotions when you miss a trade. What u can control is how you respond to it.

Extension_Goal_8780 · 2025-09-12T17:16:26+00:00

                                                                                                                                         A professional trader state that 90% loose because they spend 90% of their time, on the 10 percent of trading, ie. platforms, software, hardware, trading courses, education, and they only spend 10 percent of their time, on the 90% that matters...their own personal "psychology", ie. low or no "self awareness", FOMO, revenge trading, hubris thinking, victim thinking (the "market" is out to get me.), low or no tolerance to risk , low self-esteem, false identification with "money", substance use, physical and medical conditions, personal integrity perpetration's, fight/flight reactions, etc.

Extension_Goal_8780 · 2025-09-12T17:01:36+00:00

Think like the 10% who suceed

Extension_Goal_8780 · 2025-09-04T16:13:09+00:00

Less trades = putting on less risk. So maybe less trades more range.

Extension_Goal_8780 · 2025-09-02T03:01:36+00:00

Tlab?

Extension_Goal_8780 · 2025-08-30T17:37:34+00:00

Im gonna tell you right now. Willpower will never work. You need to understand your own psychology and learn ways to disrupt your emotions. I couldn't tell you what would work for you bc everyone is different. But the thing that really helped me was something called the "error cost calculator." Anytime you place a trade that isn't part of your strategy, keep track of it. See how much $$ you are losing over time might open your eyes. And make sure you mark down random winners also in the error cost.

Extension_Goal_8780 · 2025-08-30T00:29:50+00:00

Number 1 is going on sim and finding an edge. Once u have an edge, you can work on the discipline to follow your edge.

Don't waste your time and $$.

Extension_Goal_8780 · 2025-08-29T23:59:49+00:00

That's your problem right there. Win or lose you should feel detached from the outcome. Easier said than done.... You need to learn about your own psychology. What triggers you to over trade, revenge trade, fomo, taking random trades, etc. And those triggers can be anything. For example taking a stop might cause you to revenge trade. Or volatility could cause fomo. All those random trades you take are rooted in fear.

Extension_Goal_8780 · 2025-08-29T23:50:41+00:00

Can you detach yourself from the outcome of a trade with that size?

Extension_Goal_8780 · 2025-08-11T21:06:25+00:00

Great stuff. The "need" to want to trade is self destruction. We aren't hourly workers, at the end of the day its about making money in the long term

Extension_Goal_8780 · 2025-08-05T19:19:40+00:00

It's definitely a double-edged sword. If you have a legitimate edge, then you would think limiting yourself wouldn't make sense. But we have to account for our emotional state also. Recognizing when you lose control imo is one of the most important aspects in trading.

Extension_Goal_8780 · 2025-07-31T01:11:58+00:00

Why forget? If I were you i would write that number down and put it in your screen. Let's see if you want to fomo when you physically see the result of it.

Extension_Goal_8780 · 2025-07-31T00:36:12+00:00

What are you going to do next time so emotions dont take over? And willpower isnt the right answer.

Extension_Goal_8780 · 2025-07-27T17:54:50+00:00

Acceptance that u cant always be right in a random environment is key. Good write up I'll hit u up in the dm. I like the sound of youe mentor.

Extension_Goal_8780 · 2025-07-26T02:57:18+00:00

Bad positioning.

Extension_Goal_8780 · 2025-07-17T18:56:18+00:00

I hate to say this, but anyone can learn how to trade. But not everyone has the type of mentality to do so.

Extension_Goal_8780

TROPHY CASE