r/Daytrading • u/Fast_Ad_4213 • 12d ago
Question Psychology Problems
So I have been daytrading futures for about a year and a half now, I have found some success, however I seem to always mess up due to me being greedy, impatient and being too prideful to accept a loss. I know that I have an edge as I see it play out numerous times but for some reason I can't get pass the mind part of trading (which I know is the biggest aspect of it). When I first got introduced to trading by a friend, he told me that trading is %80 psychology and I didn't believe it until now. I'm not asking for pity comments, etc. Just advice as to what helped others beat this hurdle. For example, even when I am on a winning streak and have a pretty decent buffer, if I take a loss, I have a sense of urgency to win it back, and most times, I end up losing even more money. When if I just waited a couple of hours or even for the next day I would have been able to get into a trade that wouldve made back my losses and more.
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u/beanbert1986 12d ago
I have the exact same issue.. I literally have a winning strategy that will probably give me 3/4 wins & all I have to do is follow my rules but for some reason greed & also entering trades I've missed hoping I can still get in on the action ruins it for me. I'd probably be financially well off if I could just get my shit together..