Thread by @maplestax

How to understand and learn from your emotions experienced through a losing trade!
(A Thread)
Learn all the Technical Analysis you want, but it is all futile if you cannot maintain emotional composure.

1. How many times have you taken a trade a trade with planned thesis only for you to get stopped out, then the trade rip to the upside right after? Always ask questions to get to the root of the problem:

2. Why did I stop out? Did I have too tight of a stop? Was my trade thesis correct, but I had poor execution/entries? What was I feeling during the trade? Anxiety, pride, fear, uncertainty or lack of confidence, anger, despair?

3. I like to take notes during my trading session for later review of my exact emotions I experience during my executions. This allows me to recognize my faults at that given time, rather than taking a mental note and forgetting; only to commit that same mistake over and over.

4. Accountability is a major part of my rules. After each session, I must know why an event occurred, what happened during the trade and where I faulted on the chart. It’s easy to say: “I messed up, oh well.” Don’t be lazy, dig deeper into reviewing yourself.

5. I will also review the overall emotions experienced during micro trends on the chart. How traders “feel” during accumulation, breakouts, rallying bars, unwinds etc. Novice traders get caught because of their weak emotions, experienced traders capitalize on this.

6. Ask yourself: What kind of trader are you? One that gets tossed around the chart due to weak emotions, improper reactions to price action, letting anger and frustration dictate your performance? Let’s change that.

7. On your trading journey you will learn more about yourself as a person more than ever before. The ones who are intimidated by it and will not change are amongst the 90% who fail. Have patience with yourself. “Trading is a game of longevity” -@bear_fuker

8. Pride will kill your account! Once you understand that trading is derived from probability, all you have to do is place yourself in an area where your edge is present and favorable in your direction.

9. Set aside your emotional bias, evaluate proper entries/exits, execute. Max loss should align with TA backed support failure. Instead of experiencing anxiety when looking for a trade, try to shift your mindset to curiosity. Fear based trading only brings on more losses.

10. So push yourself harder, journal more, study charts under a different light, come face to face with your faults and achieve your goals. The bitching, moaning, and whining gets you nowhere! You know too much about trading to quit now. Try to enjoy the refinement process.

11. After reading this, I would like all of you to write down the most common errors you experience derived from your emotions. Read it aloud each morning and make yourself aware and accountable. The first step towards improvement is acceptance.

12. Check out my links here:
Patreon & Twitch linktr.ee/MapleStax