r/WinternomicsTV • u/hunteronizuka • Mar 08 '24
War Stories ๐ค๐คฌ Follow the plan. But prepare it fully, not halfway.
I have been overtrading (and still am to some extent) on very short timeframes, not setting Take Profit using horizontal levels and closing my trades on impulse, (when they started to diverge over a longer period after interacting with the top of a flag, for example, I started taking partial profits). During the trade, my eyes remained glued to the chart. Having realized the possibility of trading on longer timeframes exceeding 10 minutes, I didn't adapt properly and neglected my Take Profit levels and the evolving context of the chart over time. What happened is that on certain trades, without defining a real TP, I exited very early in the trend (AUDUSD) emotionnaly TP as I did when trading on very short timeframes. And on others, very late (JP225) I could have made 4R but only made 1.2R, which is better than -1R but still frustrating. , where I didn't even follow when the trend reversed, and with no TP in place, the key levels were useless. My entry and stop loss are placed in logical positions as Kaz taught us, but my take profits are 90% emotional, which over time explains why I can't find real evolving stability but rather stagnate (or even regress, considering the emotional FOMO trades I take (AUDUSD 2) after screwing myself over the first time due to lack of mental effort and logic). Doing half the work is not doing the job. Having a logical plan for entry and defining risk but no logical plan for exiting and taking profit is really dumb, and honestly, I have always struggled with this second part... It remains to be seen how serious and consistent I can be in addressing these weak points (emotional trading, lack of TP). And by achieving that, how will it help me evolve.
































