r/tradingpsychology

▲ 54 r/tradingpsychology+1 crossposts

Trading Strategy - The Real

Before I became a profitable trader I didn’t understand why people would gate-keep their strategies or charge people, but now that I am profitable, I can understand. People work months and years (took me 8 years) refining, losing trades, losing money, etc. and after all of the heartaches, long nights, years spent, and sacrifices, someone ask you “can you show me your strategy”. They expect you to just hand it over and you’re a POS if you don’t or if you charge right? lol Now, just because I understand doesn’t mean that I take the same approach. I’ve helped so many people and showed them my strategy step by step FOR FREE but the thing is they still failed….

I figured there was no way someone could fail if I gave them the sauce but yet, I was wrong! Like I learned during my journey will always hold true. IT’S ALL ABOUT YOUR EMOTIONS…not so much your strategy. 💯

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u/Right-Box1914 — 11 days ago
▲ 1 r/tradingpsychology+1 crossposts

Trading Psychology Issue

Hi everyone! So, after struggling with ICT concepts, I moved on to the GxT and TTrades models. I've been learning these models for around 8 months now, and things are pretty clear for me at this point. No guesswork, no random trades, etc.

However, I'm still struggling with some psychological issues. For example, I don't hold my trades. I move my trades to breakeven after just a few pips/ticks, and most of the time, the outcome is the same: price moves in my direction and hits the full TP, while I’ve already closed the trade at breakeven.

Can you guys please help me out with this phase of my trading ??? I'm feeling really depressed at this point because I know how to trade, but I'm still unable to trade properly because of my poor trading psychology.

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u/marhabainam — 11 days ago

Psychology: Best Loser Wins

In Best Loser Wins, Tom Hougaard starts with a stat: about 90% of traders don't make money. His fix is to watch what that majority does and do the opposite.

"Why don't we observe what everyone else is doing, and then do the opposite of what they are doing?"

What he saw the losing majority do:

• Add to losing trades, because a lower price feels like a bargain

• Skip placing a stop-loss, because an open loss still has hope

• Take half profits on winners

• Never add to a winner

So he flips all four. He adds to winners, keeps a stop on every position, never averages down, and holds the whole position instead of half.

The number that stuck with me comes from 43 million trades placed by 25,000 retail FX traders. 62% of those trades made money, and the group still lost, because the average loss was nearly twice the average win.

I call it the Costanza method.

u/AlphaMethodX — 12 days ago