You are such a helpful and wonderful person mate...not saying...

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buddi

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14/08/21

14:15

Post #: 55287677
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Originally posted by Veritas2000 ↑

Hi Buddi,

Firstly, congratulations on recognising that there is something amiss and secondly, for being brave enough to come out here and admit it - that is so very refreshing.

I feel you are on the right track by taking time out - I always tell people that trading will be there when you are ready and the worst thing you can do is to try and force a trade (95% of the time that will work against you -I made that percentage up but I am sure you get the gist).

Also, I have always said that psychology plays such an important part in trading and I can not recall exactly if any of the files I sent you include any psychology components -so here are some links to articles which may prove insightful (or conversely will be useless)

https://www.investopedia.com/articles/trading/02/110502.asp
https://www.thebalance.com/psychology-of-trading-2536732
https://www.thebalance.com/essential-trading-psychology-books-1031445

The last one does include some of the books that I did not include, due to copyright, but I indicated how you could get them.

Stay well and I look forward to seeing a refreshed buddi when you are ready.

V

Also, happy for you to contact me

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You are such a helpful and wonderful person mate...not saying this because of what you said just now, but I constantly see your efforts trying to keep the over enthusiasm (a.k.a ramping) here in check when required.

Spooky you mentioned about psychology , because I started reading a couple of books in that space mentioned by others here and in STT. I know it plays a big part in this game, but I'm still guilty of trying to squeeze a trade in a specific stock especially if I've missed one just by a slither....theoretical knowledge vs on-the-field application. Have to be more disciplined to just leave these alone and look for others.

It's good now and then to keep all the noise aside, take a step back and decide what needs to be changed. It's not the first time this happened and I'm sure it won't be last either. Scotch would've been even better addition to the setup, but unfortunately I'm in the middle of a 3 month dry break and that's not helping

Thank you again, and take care mate. If I see any good setups, whether TA or FA, I won't hesitate to share here in the interim.
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