of trading, my main focus was based on being correct with my analysis and logic which in turn would reap me the rewards of a large bank account. The results were 50/50 and the wrongs erased all of the hard work that went into correct choices. I finally realized that I didn't know as much as I let myself believe. The only thing I did consistently correct, was knowing when the market was telling me I was on the wrong side. I was going through some of my daily notes from the previous year and I burst out laughing at myself, due to the multiple supply of (Ha Ha) notations, "the markets laughing at you again, you silly man". That's when I realized, it didn't matter what I know, what I thought or what I thought knew------it boils down to What I Don't Know. The answers for What I Don't Know always became clearer after the market was telling me I was on the wrong side. That's why my damage control stops were always consistently correct but to often I would give the market more room to make sure, which lead to bigger loses.
That's when I realized my ego was too big and I was better off if I didn't take myself or my positions too seriously-----the only way for me to accomplish that was with my labeling process with something not related to trading but plays out in a similar way that many trades play out. The more I toyed with that mental process, it lead to my fishing label. Stranger still, after trading some trades in a non serious fashion that related to my childhood experiences with fishing-----I was stunned by the low anxiety success rate of my low key but also small profit trades that also gave me a better attitude due to no bad experiences. It took me a year after I started this Risk Management/Broker job to iron the bugs out and turn it into a usable but still tweaking system.
It all boils down to not taking myself so seriously cause the bottom line is determined by What I Don't Know and then admitting it and trading as if the market is out to rob me------which it is----if I let it-----I'll give it a little in dues for playing the game but when the Yellow Light flashes "You Are Wrong" my donation stops. I want to be able play the next game that starts.