HammerMan87
Junior member
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Hi rsd,
Just a few suggestions - I have no advice.
It seems as if you are spending a lot of time on market analysis, I don't like to assume but I bet you have conflicting trade signals all the time and so are unsure about taking a position. I work for one of the best prop firms in Chicago and none of the traders do nearly as much analysis. In fact most traders only have 1 or 2 indicators on their charts. Although one thing that all the traders do here is spend 3 times as many hours on self analysis compared to market analysis. I would highly recommend that after each trading day you go over each trade you made and identify what you did right, what you did wrong, and how you could have made the trade better. i.e. a loser into a winner or captured more profits in the winner. Track your equity, win/loss, average win/loss, etc etc. Make yourself a better trader, not a better analyzer.
No matter how good your analysis is, your emotions will take over and throw that hard work out the proverbial window.
Regards, and good luck with your trading.
Just a few suggestions - I have no advice.
It seems as if you are spending a lot of time on market analysis, I don't like to assume but I bet you have conflicting trade signals all the time and so are unsure about taking a position. I work for one of the best prop firms in Chicago and none of the traders do nearly as much analysis. In fact most traders only have 1 or 2 indicators on their charts. Although one thing that all the traders do here is spend 3 times as many hours on self analysis compared to market analysis. I would highly recommend that after each trading day you go over each trade you made and identify what you did right, what you did wrong, and how you could have made the trade better. i.e. a loser into a winner or captured more profits in the winner. Track your equity, win/loss, average win/loss, etc etc. Make yourself a better trader, not a better analyzer.
No matter how good your analysis is, your emotions will take over and throw that hard work out the proverbial window.
Regards, and good luck with your trading.