After watching the movie "Stand By Me," I stopped discretionary trading
I really love the movie "Stand By Me."
It depicts a summer adventure where four boys, out of curiosity, embark on a journey along the railroad to search for a corpse.
In the movie, there is a scene where someone taps a friend on the shoulder with a fist, saying “a shocking punishment.”
To consistently turn a profit in day trading, system trading is essential.
Its importance becomes evident when you must push your profits higher.
When you enter the market and prices move as you expect, and even jump more than imagined, creating a large unrealized gain in no time
the brain releases its pleasure chemicals.At such times, what you think next isthe feeling of not wanting to lose profits.
You are driven by the urge to settle quickly and take profits.
You rush to lock in profits, thinking, “I don’t want to lose these gains.” What happens then?
It feels like a “shaky discipline punishment” and the price continues to move, often resulting in keeping only a fraction of the profits you could have earned.
That’s the discipline of overreacting to a misstep!
Even if you think, “Well, I was able to lock in some profits, so that’s fine,” that is a big mistake.
Actually, you should view it as a loss just the same. You missed out on the gains you should have earned.
Of course you don’t want losses, but a loss that follows the system is a path to success, whereas losses that don’t follow the system are detours, and profits not following the system are also detours.
You must consider the balance between the risks you’re willing to tolerate and the rewards, and maximize your profits.
And above all, not trading according to the system means denying yourself. I recently wrote that you can profit by trusting yourself.
Let’s train our minds so we don’t receive the “shaky discipline punishment.”
>>>Posting 5 minutes of daily side-trade for 1 day!!