Info!! What I've Learned From My Trading Setbacks

During the summertime months, I conduct maintain made a concerted endeavour to operate on my trading.  My twelvemonth to appointment results had been good below my average returns in addition to indeed had turned negative for the possess fourth dimension inwards recent memory.  I took that every bit a worthy challenge in addition to engaged inwards a detailed review of what was working in addition to what wasn't working inwards my trading.  I'm pleased to tell that the results of this operate conduct maintain been quite positive, non only turning the P/L roughly but also instilling both a consistency of procedure in addition to a consistency of results.  Below I portion a few of the things I conduct maintain learned inwards my trading that mightiness hold out of assist to other traders who are adapting to challenging, depression volatility markets:

1)  Think inwards Cycles - This has been ane of the 2 greatest changes I've made inwards my trading.  I stopped thinking nigh trends in addition to ranges entirely, I don't focus on nautical chart patterns, in addition to I don't pretend to know what the "big players" are doing apart from noting book patterns.  Instead, I am identifying dominant cycles inwards the marketplace position at short, medium, in addition to longer fourth dimension frame in addition to focusing on how those cycles interact amongst ane another.  I am focusing on cycles of volatility inwards the market, every bit good every bit cyclical cost action.  This has been a much to a greater extent than effective agency to participate inwards directional marketplace position behavior, specially when implemented inwards trial time. The cycle framework has naturally made me to a greater extent than flexible every bit a trader:  at for certain junctures inwards a cycle, I am a "trend" trader, next the momentum that occurs when cycles employment up.  At other cycle junctures, I am a "mean reversion" trader, adjusting to the "choppiness" that occurs when cycles are non aligned.  Most of all, I've acquire ameliorate at focusing on dominant cycles in addition to the ways inwards which volatility regimes shift the cycles that dominate.

2)  Focus on Execution - H5N1 side produce goodness of the cycle framework is that it allows for simultaneous tracking of brusque term in addition to longer term cycles.  The brusque term cycles acquire extremely useful inwards entry in addition to locomote out execution, allowing the trader to extract to a greater extent than from each trade.  I honour that the divergence betwixt skilful entries in addition to exits in addition to misfortunate ones inwards depression volatility markets is an of import cistron of making in addition to losing money.  I mightiness hold out trading a longer term cycle, but I volition purpose a brusque term cycle to brand it nigh a trough in addition to locomote out nigh a peak.  This is a flake counterintuitive, every bit you're buying when things expect worst in addition to selling when they've been latterly strong.  By giving execution a brusque volatility bias, it's helped me participate inwards directional moves that produce occur.

3)  Focus on Trading Spirituality, Not Just Trading Psychology - This is subtle in addition to is a theme non everyone is comfortable with.  Trading simply doesn't operate when it is *me* focused.  Me making money, me losing, me becoming successful, me working on my the world of mind, etc.  Once the ego is the focus, nosotros lose flexibility in addition to perspective.  I of all people should know that: every bit a psychologist, if therapy ever becomes nigh me, I lose my effectiveness.  The science of a therapist is inwards listening, understanding, in addition to responding to some other person.  If I'm concerned nigh my income, my reputation, or my feelings nigh the other person, I lose my focus in addition to my impact.  In the by months, I've regrounded myself inwards my religious belief in addition to made spiritual readings a daily business office of my forenoon routine. The alter inwards perspective has been dramatic. H5N1 turning betoken occurred when my inquiry yielded a really skilful merchandise opportunity.  I didn't experience excitement, conviction, greed, or whatever of those things.  I felt grateful.  It's a large change.

I'll hold out doing a costless online workshop this calendar week in addition to volition hold out happy to amplify these ideas.  Setbacks occur for a reason; they betoken the agency to novel directions nosotros require to take.  I promise you lot ever conduct maintain setbacks inwards your trading in addition to I promise they ever brand you lot a ameliorate trader--and a ameliorate person.
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