Thread: My take on Emotional Discipline

This morning, 42 pips made between 7-8.30 am.
I believed I will not be trading till next day.
Well I did take many transactions and -115 pips around 12.30. Totally unnessary trades.
Watching the chart rather than taking any transactions is a clinic I have to excell at.
Doing the identical thing repeatedly, excepting different outcomes?? Huh.

deep crimson, digging a pit again...

Attempting to discipline myself trading dax on smaller live accounts.
4th account is near blown now.
Cycle proceeds as revenge trading, over trading, no stoploss, changing egy immediately, leaving trades unattendively....
What am i trying to acheive here?
What are my goals?
Definitely not wanting to become rich fast, then why cant I live the little profit I made before the loosing series begins.
Initially thought making 100s of pips will do the trick. But reality is far from it.

Consistently creating and maintaining the pips even smaller such as 5-10-20 a day will do wonders to my laccount.


Redifined my objectives hereafter: if 20 pips in profit call it daily

Discovered myself easier to acheive 20-40 pips earlier sessions available, then giving it all back and more on the same day continue to overtrade totally ignoring the objectives would be the pattern I need to break off.

day-1
1 entrance
24 pips.
I have no legitimate reason to starring in the chart for rest of the day.

Originally Posted by ;

day-1 1 entry 24 pips. I have no reason to starring at the chart for rest of the day. picture

our charts looks similar now that you are trading 1m.
Appears like we had a similar entry great job!
Continue working the rough patches and polish your niche.

I also find it a lot easier to concentrate on the first 30minutes or even 1h after Frankfurt than trading it throughout the entire session, not everybody is disciplined and skilled enough to continue accepting A trades the entire day and bypassing the bad ones as not everybody is able to excel at multiple sports or instruments simultaneously knowing your own capability is a good place to begin if you are after consistency. I have made peace with the fact that I'm not disciplined to trade DAX the entire session plus I really don't have the SKILL that's the bottomline.