Alpha Circle Nsukka | Charts, Psychology & Market Discussions

Sometimes once you hit good profit 📈 don't trade again till next week

Say the truth, what happened?

You got burnt right? 😂

But a day trader is supposed to be trading every day, waiting for a week will not change your fortunes

I disagree.

Trader should walk away when they can no longer perceive opportunities or are psychologically tired.

As traders we must trade every trade in the sequence because we can't know when we will get a big winner or a small loss.

And FYI nobody revenge trades after getting a winner, people either get cocky or overconfident and waste the money thinking they never earned it and give it back.Hence you should walk away for that reason.

Losses are inevitable

Ever heard the term "less is more"?

There's no rule that says keep trading as long as you've not met your loss limit. That only guarantees you'll hit the loss limit soon enough.

I'm a fan of not trading everyday, I'm a fan of having very specific rules that governs your entry and exit. Trading is not for fun sake, it's serious business. It's nit something you do all the time just because you can, that'll simply mean you lack discipline.

Yeah, never argued that.

Just thought of the origin of the inspiration and I was almost very certain he lost a trade, cos that's what'll likely inspire me to make such post 😂

Whatever works for you.

I am an intraday trader i show up everyday hence my point. I trade fulltime and that too with fixed set of rules, advocating for trading full sequence doesnt make you a junkie or less disciplined.

Trading is for outsized gains when you make money or are making money should hit it big. Check my history I have traded upwards of 100 lots each day and i still showed up next day even though i made 5 figures the last day. Because you could maybe mae a whole lot more.

Trading is not a job hence not for gains like a job. You leverage the good times to wither the bad ones.

Hence you must soldier on till you feel like you should take a break.

Cheers

Being a full time trader makes it totally different.

I think I understand you better now.

Kudos mate.

Though I think this works for you cos you're a full time trader and you have to be on the chart almost all day.

For someone who trades and does other stuff by the side, I won't recommend the approach.

Trading has clusters of goodluck days and badluck days. The days you take out to rest could be the good luck days and then you return on the badluck day and lose everything

Say the truth, what happened?

You got burnt right? 😂

Trading has clusters of goodluck days and badluck days. The days you take out to rest could be the good luck days and then you return on the badluck day and lose everything

Bot not everyone can afford to trade daily, you will simply run out of capital. Except you are saying trade till you run out of capital

No boss lol for were