I have decided to re-read
Mark Douglas' Trading in the Zone book. I will post some of my notes in this thread. I believe it could help all candlestick traders.
When you learn the trading skill of risk acceptance, the market will not be able to generate information that you define or interpret as painful. 10
An objective perspective—one that is not skewed or distorted by what you are afraid is going to happen or not happen. 11
Faulty attitudes that foster fear instead of trust and confidence. 11
The best traders aren't afraid. They aren't afraid because they have developed attitudes that give them the greatest degree of mental flexibility to flow
in and out of trades based on what the market is telling them about the possibilities from its perspective. At the same time, the best traders have developed attitudes that prevent them from getting reckless. 11
Ninety-five percent of the trading errors you are likely to make stem from your attitudes about being wrong, losing money, missing out, and leaving money on the table. What I call the four primary trading fears. 12
Understanding and controlling your perception of market information is important only to the extent that you want to achieve consistent results. 13
Furthermore, there are no limits to the market's behavior. It can do anything at any moment. 13
It will not solve the trading problems created by lack of confidence, lack of discipline, or improper focus. 14
Learn how to redefine your trading activities in such a way that you truly accept the risk, and you're no longer afraid. 15
When you've achieved a state of mind where you truly accept the risk, you won't have the potential to define and interpret market information in painful ways. 15
If you can't trust yourself to be objective and to always act in your own best interests, achieving consistent results will be next to impossible. 15
When you have the appropriate attitude, when you have acquired a "trader s mind-set" and can remain confident in the face of constant uncertainty, trading will be as easy and simple as you probably thought it was when you first started out. 15
You will need to learn how to adjust your attitudes and beliefs about trading in such a way that you can trade without the slightest bit of fear, but at the same time keep a framework in place that does not allow you to become reckless. 15