u/OkVacation1304

What’s one habit you know is bad but still do when trading?
▲ 19 r/dalalstreetbets+3 crossposts

What’s one habit you know is bad but still do when trading?

Mine is checking my profit and loss way often after I enter a trade.

When I have a plan I still watch every small change, in the market like it will make a difference.

Most of the time it just makes me feel more emotional and leads to making decisions.

I am curious what habit do other traders struggle to stop doing even after they know it is harmful?

u/OkVacation1304 — 3 days ago
▲ 49 r/dalalstreetbets+5 crossposts

I used to believe that my main issue was choosing the stocks.

My problem was not really about picking stocks.

Looking back I see that I lost money for reasons.

These reasons include:

* entering a trade late

* making decisions based on how I felt

* changing my plan in the middle of a trade

* following what is popular instead of doing what I know works

At the time I thought I was making good decisions.

Later did I understand that I was mostly acting on instinct I was not really thinking things through.

The thing that really changed my approach to trading was realizing this.

I am curious to know what mistake made you change the way you trade the most.

What was the mistake that made you think about trading, in a way I mean what was the mistake that changed your approach to trading.

u/OkVacation1304 — 4 days ago

I believe that revenge trading begins before I even make my trade.

I used to think that revenge trading was about quickly getting into another trade after I lose one.

Now I think it actually starts in my mind a lot earlier than that.

The moment I start thinking that I need to make back the money I lost my way of thinking about trades changes.

I become less patient. I try to force trades to happen and suddenly I think every little move in the market is a good opportunity to trade.

Most of the time this just leads to me making worse trades.

I am curious to know how other people clear their minds after they have a loss or a bad day in the market, with their trades specifically with revenge trading.

I want to know what people do to avoid revenge trading after they lose money.

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u/OkVacation1304 — 5 days ago
▲ 90 r/dalalstreetbets+5 crossposts

I believe that revenge trading begins before I even make my trade.

I used to think that revenge trading was about quickly getting into another trade after I lose one.

Now I think it actually starts in my mind a lot earlier than that.

The moment I start thinking that I need to make back the money I lost my way of thinking about trades changes.

I become less patient. I try to force trades to happen and suddenly I think every little move in the market is a good opportunity to trade.

Most of the time this just leads to me making worse trades.

I am curious to know how other people clear their minds after they have a loss or a bad day in the market, with their trades specifically with revenge trading.

I want to know what people do to avoid revenge trading after they lose money.

u/OkVacation1304 — 5 days ago

I think some trades go wrong the moment feelings get involved.

I have had trades where everything seemed okay at first. I messed them up because I got too emotional after I started.

* Watching every price change

* Checking how much I'm making or losing all the time

* Reacting to moves

Then my original plan just gets forgotten.

Whats interesting is that when I look back the trade itself usually wasn't the issue. It was how I reacted to it.

I'm starting to think that controlling my emotions is more difficult than understanding charts.

What affects your decisions the most when you're already, in a trade?

reddit.com
u/OkVacation1304 — 6 days ago
▲ 18 r/dalalstreetbets+5 crossposts

I think some trades go wrong the moment feelings get involved.

I have had trades where everything seemed okay at first. I messed them up because I got too emotional after I started.

* Watching every price change

* Checking how much I'm making or losing all the time

* Reacting to moves

Then my original plan just gets forgotten.

Whats interesting is that when I look back the trade itself usually wasn't the issue. It was how I reacted to it.

I'm starting to think that controlling my emotions is more difficult than understanding charts.

What affects your decisions the most when you're already, in a trade?

u/OkVacation1304 — 6 days ago

I think I spend energy avoiding losses than finding good trades.

I have noticed that a lot of my decisions are not actually about finding the trade setup.

They are about trying not to be wrong when I make a trade.

So I wait for confirmation before I make a trade I hesitate on entries I exit my winning trades too early and I overthink everything once real money is on the line with my trades.

Ironically that usually makes my trading results worse.

It feels like the fear of losing money with my trades affects my decisions more than I realized about my trades.

I am curious if other people feel this way too about their trades or if it is part of becoming more cautious, over time with my trades.

reddit.com
u/OkVacation1304 — 8 days ago
▲ 28 r/dalalstreetbets+5 crossposts

I think I spend energy avoiding losses than finding good trades.

I have noticed that a lot of my decisions are not actually about finding the trade setup.

They are about trying not to be wrong when I make a trade.

So I wait for confirmation before I make a trade I hesitate on entries I exit my winning trades too early and I overthink everything once real money is on the line with my trades.

Ironically that usually makes my trading results worse.

It feels like the fear of losing money with my trades affects my decisions more than I realized about my trades.

I am curious if other people feel this way too about their trades or if it is part of becoming more cautious, over time with my trades.

u/OkVacation1304 — 8 days ago

Do you trust your instinct when you are trading?

I have noticed something with my trades lately.

* A lot of the trades I make feel right at the beginning.

I get excited about these trades within seconds of making them.

On the hand many of the good trades I make actually feel uncomfortable at first.

This is because there is a lot of uncertainty involved with these trades.

I have to think about them.

Now I am confused about whether my instinct's useful when I am trading or if it is just my emotions pretending to be confidence.

I am thinking about my trading instinct a lot.

Trading instinct is something that I'm not sure about.

I want to know how other people deal with this problem.

Do you trust your instinct when you see a trading setup or do you make yourself slow down before you enter the trade?

I am curious about what other people do, with their trading instinct.

reddit.com
u/OkVacation1304 — 8 days ago
▲ 9 r/dalalstreetbets+3 crossposts

Do you trust your instinct when you are trading?

I have noticed something with my trades lately.

* A lot of the trades I make feel right at the beginning.

I get excited about these trades within seconds of making them.

On the hand many of the good trades I make actually feel uncomfortable at first.

This is because there is a lot of uncertainty involved with these trades.

I have to think about them.

Now I am confused about whether my instinct's useful when I am trading or if it is just my emotions pretending to be confidence.

I am thinking about my trading instinct a lot.

Trading instinct is something that I'm not sure about.

I want to know how other people deal with this problem.

Do you trust your instinct when you see a trading setup or do you make yourself slow down before you enter the trade?

I am curious about what other people do, with their trading instinct.

u/OkVacation1304 — 8 days ago
▲ 128 r/dalalstreetbets+3 crossposts

What’s the silliest reason you have ever started trading?

Mine was probably:

- "This stock went up for 3 days straight so it will probably keep going up tomorrow ”

It actually did not go up.

I am curious what silly reasons made you guys start trading at some point?

u/OkVacation1304 — 10 days ago