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- I recently started screen recording my trading sessions last week. The 1st day was friday and i was really good at my trades, as if i was aware that i was recording my screen.
2. But today i saw my mistakes. I dont understand if its Fomo/Revenge trading or over trading. Today was real me. And it seems i throw the albrooks price action course out of the window when i am actually trading.[Currently on chapter 18]. I knew all day today that market was in a bear channel on 5 mins after lunch time and i should not be buying according to albrooks. But i kept on buying hoping for a micro double bottom on QQQ and a break of bear channel.
Also i did about 10 trades within 2 hours and most of them were just 2-4 mins apart. This is not right. Only had 2 in profit. Out of which 1 was a good setup with measured move other was just fluke imo.
3. I think i cannot stop trading once i am there. Need somekind of a breaker, also I move the mouse around too much when i am in trade constantly wondering around the screen like i am not sure what i am doing. It was awful watching myself trade.
Il attach the file once i cut out the time frames along with my journal.
4. I have started day trading from about 6-8 months now, but enrolled in Brooks trading course in December because my account was constantly stagnant and i realized indicators dont quite work. i make some and loose some.Now I think my wins are more like a fluke. And when its a bad day i overtrade. On good days i stop after 1-2 trades as i get scared of loosing profit.
I did not like what i saw today! Was not happy with my actions.
Need help.
Ketan
Sir Ketan, every problem that you described above are classic problems that every single trader experiences, and you are still only on chapter 18. But even if you finish the whole course three times in a row it may not stop you from doing such things. This is not a knowledge problem but discipline issue. Unless you come from the army or some profession where they train discipline, it may take you years before you stop the fomo and revenge trading. Yes, everyone is different, but don't be surprised if takes years to stop doing such things.
6-8 months of trading are baby steps. Average time it takes most traders to become profitable is 2 years (of very hard daily practice). So please be prepared for a long and arduous journey ahead.
Doing video recordings of yourself for journal is a very smart idea and I will recommend this to others.
Now I will shamelessly recommend joining my trading group on Telegram where we post our trade entries/exits live during session. The purpose is to build discipline and stop doing stupid mistakes. If you imagine 750 people seeing what you did it may help you avoid making 20 trades in a 5 minutes. People will also call you out for overtrading (even our bot alerts when someone is trading more than average number of times). And people will call you out for not taking a big loss. For these reasons I think joining there may benefit you. We sell nothing. Just pure BPA practice.
Hope this helps,
CH
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