Recent content by Stockness Monster

Thanks. I struggled over the years. I noticed that the more I try, the tougher trading becomes. Then I simplified what profitable trading is (to me). It's about having a very small edge, consistent repetition and no short term expectations.

Big edges are hard to find. Better to have a small trading edge that can be executed frequently. $100k account Risk:Reward 1:1 Win rate: 55% 50 Trades per month 2% Risk per trade 27.5 Winners = $55000 22.5 Loser= -$45000 Net monthly gain = $10000 ie 10%. Aiming for 2:1R 3:1R 5:R will not only...

Thanks for the replies. I really am now beginning to focus on my internal state. I've not taken any trades this week which is a start and from next week will try and use the Seinfeld method of stringing together multiple days (or 1/4 size trades)

.... my “success” over several years is down to nothing but wild risk taking aka gambling. I’ve been going into VERY oversized positions with momentum. Sometimes getting big wins. Mostly panicking and exiting and then spending days licking the wounds to my psyche. Some may say that...

Trading is math. End of story. I just read a thread where people were in agreement that one should only trade the higher timeframes to avoid noise. This is a "need to be right mentality". Can't see the wood for the trees. I believe that trade frequency is far more important. A person...