Hi Doc,
Good to have you here. In another thread -
http://www.traderslaboratory.com/for...dles-1480.html - towards the last few pages I started to discuss the challenges I was having with my exit method.
In a nutshell, the one glaring weakness I have in trading is always wanting more on trades that provided more (in hindsight of course), but at the same time, making money on days when those moves are just not there. I know there's many different ways to try to figure out when these moves will occur, but for sake of discussion here, let's assume that very few people can time when the big moves are coming and when they are not.
So my question is - how do you train your brain to accept your trades as they are? In other words, how do I train my brain to accept the fact that sometimes trades will continue to move in my direction after I've already exited a position?
I find myself on days like last Wed where I went long the ES at 1518 and exited at +2.75 to end up seeing at the end of the day it was up almost 20 pts from my entry getting frustrated. I have ways to jump back on and continue taking little chunks of that move, but of course I think - how nice would it have been to been long ONCE and pocket almost 20 pts. Then there's days where taking 2 or so each trade is what you'll get. And I know that those days are more likely than what we saw on Wed. I know that and understand that. Easy to sit here now and type that. But in the heat of the moment, as you know, your brain can play some wonderful games with you...
So doc, what's a guy to do?
Thanks for your help!