thehunter11

Don't like it. No profit target ever. I nevr think in terms of a profit ever. I just trade my plan. I you have a good trading plan that works just do it every time you get your setup as long as you do that and just trade your plan every time you will be amazed at the end of the week were your account balance is at. For what its worth this is how I do it. On monday morning I start my day/ week with a blank sheet no thinking about the past or the future just focusing my energy on today right now. I have a very good trading plan have been at it for 10 years but this plan took from 2001- 2005 to get. Has been working great since 2005 including the last 2 months no difference its very repetitious over and over and over same setups. Anyway as long as I trade the plan every time I get my set up it works over and over and over. Not every trade is a winner but the winners outnumber the losers big time over the course of the week. I never look at my account balance until Friday afternoon at 4:15 pm. I know that over the whole week I am always ahead I have had very few losing weeks and if I do its small compared to winning weeks. The point of this is that I never limit myself to a gain or a loss as long as i trade 90% of my setups and just let them go. I win . The key is doing all the setups. I do get about 75-90 % every day that is the key. Just doing it . If you have a good trading system it will give you the confidence you need to follow through on it if you don,t follow through on it than your trading system is not what you think it is. Sincerly , The hunter. 10+ years of trading experience

I had a very similar problem ? It took me some time to get over it . Finally one day I said thats it just do it. Instead of playing not to lose much I played to win. This may sound crazy but for the first time I did not use a stop order ? I think what happens is just knowing that you have a stop loss subconciously was putting this background negativity in my trade it put me into some kind of fear mode that would not even let me enter the trade? I would freeze and not even put in the order. Now I trade to win. I am a Day trader so I use to put my stops way to tight I would end up getting stoped out with these small losses. Now I use a .99 cents stop I call it my insurance stop. I get hit on that very rarely. I have a very good trading plan that took me about 4 years to develope. Its all based on momentum off news. An example take a look at symbol-- HIG -- from Friday 12/5/08. I found this in a premarket scan for stocks with increased volumn. I put it first on my list . I bought it at the open at 9.63 . Volumn was cranking it was huge. Sold it at 15.11 at 3:48 pm . That is one of my exits letting it go all day and selling between 3:45 and 4 pm. It was a classic setup for me. It will be on top of my list again for Monday 12/8/08. I will help you get over your problem ? its very simple its called confidence if your trading system is good than just do it. Its your attitude that is the problem. Make an attitude adjustment that says I am a winner do it on every trade as long as you have a good plan you have nothing to fear but fear itself in the words of F.D.R. Again its this simple , GET OVER IT NOW!!!!!