Ever since I started trading, news has easily thrown my trading off course!
Over the past couple of days, with the midterm election results just around the corner,
I kept assuming that the market could shoot up with a big bullish candle at any moment once the results came in.
So I blinded myself,
and tried going long.
I remember that in my previous post,
I said I should trade based on what I see,
not on what I imagine.
Today I realized that some of my weaknesses are:
1) In the first few minutes after opening a position, I look at the price action and find all kinds of reasons to doubt my decision.
2) I don't have a plan before opening a position, so afterward I'm always on edge. As soon as I'm a little bit in profit, I want to get out—I just can't hold on!
3) After opening a position, I always hope to make a profit right away. Even when I am in profit, I'm very bothered by the slightest pullback. If I see an unfinished candlestick starting to move against the direction of my position, I quickly doubt myself, which leads me to open and close positions too frequently.
Even though I've read a lot of books lately and learned a lot of principles, practice is the only way to test the truth. Only through practice can experience be turned into execution!#美国中期选举：市场有哪些期待？ $BTC
Over the past couple of days, with the midterm election results just around the corner,
I kept assuming that the market could shoot up with a big bullish candle at any moment once the results came in.
So I blinded myself,
and tried going long.
I remember that in my previous post,
I said I should trade based on what I see,
not on what I imagine.
Today I realized that some of my weaknesses are:
1) In the first few minutes after opening a position, I look at the price action and find all kinds of reasons to doubt my decision.
2) I don't have a plan before opening a position, so afterward I'm always on edge. As soon as I'm a little bit in profit, I want to get out—I just can't hold on!
3) After opening a position, I always hope to make a profit right away. Even when I am in profit, I'm very bothered by the slightest pullback. If I see an unfinished candlestick starting to move against the direction of my position, I quickly doubt myself, which leads me to open and close positions too frequently.
Even though I've read a lot of books lately and learned a lot of principles, practice is the only way to test the truth. Only through practice can experience be turned into execution!#美国中期选举：市场有哪些期待？ $BTC
