How to get confident in trading
"It's not a discipline problem, it's a confidence problem, guys. Discipline is the most overused word in trading. It's never a discipline problem, it's a confidence problem, because you haven't put in enough effort to build your confidence.
If you study enough examples of a certain breakout or a certain setup, you will build confidence. And I bet, guys, how many of you have spent 500 hours studying one specific setup, like thousands of historical examples? Be honest. There's maybe, I don't know, 5% of you.
The rest of you haven't put in any effort to build confidence, and that's why these things happen. You have no confidence holding for a big move, you get shaken out on one downtick. These things happen all the time. You have no confidence because you haven't built it.
You've got to combine studying and trading. Well, what do most people do? All they do is put on some random trades, because they haven't internalized the setups yet, and they all do these random things. They promise to use the 10-day moving average as a trailing stop, and then one downtick happens and they're out.
We see it daily, people who are struggling to follow the rules. Happens to me too. Happens to me too, but it happens less.
You've got to do both. You've got to study hard, you've got to out-study most people, and you've got to combine it with experience. If you make no trades and just focus on theory, you're not going to be successful."
@Qullamaggie