trendie
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finished!! (my bottle)
each strategy has an in-built psychological element.
the Turtle Soup attracts those who are, I believe, conservative in their views, and thus fade the market back to a comfort zone.
Breakouts appeal to those who are creative, and open-minded, where price seeks to break away into new, unlimited, territory.
I admit to being a "follower". I wish I were a pioneer. However, once a break is made, I am willing to jump aboard. I also want a bargain price, a pullback price.
Pullbacks appeal to my psychology of wanting to be a pioneer, but am afraid of making the first move. Trading the pullback appeals to me psychologically.
Once you realise that the strat you adopt must appeal to you emotionally, rather than trying to overcome your emotions, you're more likely to stick with it. Rather than heroically trying to "control" your emotions, or trying, Vulcan-like, to suppress them.
At times of stress, you revert to your natural state. You might as well adopt a strat that is in tune with your emotional state.
Wow! Being drunk affords an unusual clarity.
Understand yourself.
Do you prefer price reverting to a comfort zone.
Are you a pioneer? new price territory.
Are you a scaredy-cat, but once shown the way, willing to jump in?
Then, look for a strat that appeals to your natural emotional state.
Even the time-frame you choose reflects your emotional state; quick profits, or long-drawn out multi-week trades, etc.
