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Showing posts from May, 2023

TRADING WEAKNESSES

  1.EMOTIONS : The good news here is that with more experience you will get better at managing your emotions, the bad news is that you will never get to a level where you just don't feel anything and trade like a robot. For example, Stanley Druckenmiller, a billionaire macro trader, once got hurt badly because he FOMO()ed into the dot.com bubble even if he had 30 years of experience. The way I fixed this, is by having a macro fundamental approach to my trades. I started as a pure technician, but luckily I found out early that it's just not enough. When you know why something should go one way or the other, you will have less emotional pressure. Your emotions are generally impacted because you don't know WHY you're in a trade and especially because you may have never had a positive year. 2.ENTRIES :  This is another weakness I fixed with a macro approach. I recently made a post on timing the market with fundamental catalysts. I just find it easier to enter the market in