ScottBogatin

SGEN

Education
NASDAQ:SGEN   None
SGEN Part 3 Listen to all three parts ( twice ). Try to replicate some of the lines. I am 100% certain that you will miss parts of it. Don't worry, and expect even the simplest thing, drawing arrange box, is different for me than it is for you when your first doing this. Don't worry. Even a simple range box may take you a couple weeks to get familiar and more comfortable with your decisions, but as that improves and you feel comfortable, you may have to do a little bit more work on fib extensions. Don't worry, except this, but do it. I'm showing you how to use your brain to focus on the market with more objectivity, and when you're able to focus on the market you may have uncomfortable feelings, but now it will be more specifically related to your understanding and work on the price dynamics of the market you are evaluating, and not on your underlying fears and stress that have nothing to do with the market.If you have fears and stress related to remorse, unrealistic impulses, and many other causes, it would obviously be better to talk with a professional who understands markets and fear related issues when trading markets, but I cannot offer that to you now, and that's not the business that I'm in... which is to make money with my own account. Underlying issues regarding stress and fear and other emotions emanate from previous experiences in your life that have nothing to do with trading, and a PhD level coach would claim that these emotions are so ingrained in your behavior... that they even prevent you from developing a trading plan, and then trading your plan... and this is because when the market becomes threatening in that it might have a significant drawdown, or you are actually profitable in a trade, but it hasn't reached your target and now it's correcting $1000 in your stressing out about this even though your plan was to have a stop in a target and it is still a good trait... if you can handle drawdowns on a profitable trade and it triggers a stress reaction and you actually start thinking about the drawdown, not the trade, you will break your plan. According to Andrew Menaker who I hired for 10 sessions, underlying fears and behavior related to stress are almost uncontrollable with traders that do not have a clear grasp of these problem issues for them. I can't be your Andrew Menaker, but at least I can focus you on the chart and the behaviors that I think are credible, repeatable behaviors of the market. It is my hope that you can manage at least some of your underlying issues regarding fear and other counterproductive feelings by focusing more on the chart, and I think you can do this if you actually focus more on the chart, and one way to do this is to record yourself and try to tell the story and discover reasons based on the chart why the market is doing what it's doing and where you see the buyers and the sellers as well as the price action,and other behaviors that are are associated with the market.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.