Art of the Chart - TAking Requests!
Welcome back traders!
I hope you've had a great week and are pumped for the week ahead! We've got to finish Q2 off strong!
That leads me to the quick-tip that I usually toss in, to give some meat to these TAking Requests posts: don't gauge yourself on day-to-day profit or week-to-week profit. Gauge your P/L by quarter. You need to let the Law of Large Numbers work in your favor, and if your strategy has a predetermined edge that you've backtested out (as it should, else you wouldn't be trading it), you need to let that edge play out in the market over the course of a decent sample-size of trades. ANYONE can lose a single trade. ANYONE can lose 2-3 trades in a row. It's inevitable. There can be down weeks, or even down months. Gauging yourself based on those time parameters will just drain your mental capital. When your mental capital is drained, your mind will whisper, "You're not good enough", "You can't actually do this, who are you fooling?". Don't get to that point.
Do the thing, and you will have the power. Your perceived challenge of your present state of affairs may look completely different when viewed through the lens of an expanded time horizon.
And that's my tip. Toss requests for next week's episode below!
Talk to you all soon :}
Disclaimer:
Cryton Capital is not a registered investment advisor, legal advisor, tax advisor, or broker/dealer. All investment / financial opinions expressed in any-and-all posts on this page, including screenshots & captions, are from the personal research and experience of the owner, and are intended to be interpreted as educational material only. Although best efforts are made to ensure that all financial charts and commentary are as up-to-date as possible, there may be times where price moves beyond key levels before the chart can be posted. Alas, this is part of the fast-paced financial sector and cannot be avoided. Also, occasionally unintended errors and/or misprints may occur.
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Good stuff 👍 Atomic Market has provided good trade therapy, it’s allowed me to take my attention off of the other investments, let em sit!
Thanks a lot for the advice ! I know I’m not the only one who doesn’t finish understanding everything about charts and this definitely makes it easier to digest.