In 1980 Severiano Ballesteros won his first US Masters by 4 shots. At one point in the final round he was a mammoth 10 strokes clear of the field. If some people thought his win in the Open Championship the previous year was a fluke, this announced his arrival as a world star. In his book Natural Golf, Ballesteros talked about the aftermath of that success and how it actually had a detrimental effect on his game for a time:
Price action earlier in the week meant the trailing stop in my last position was hit, taking me completely out of the market. Over the preceding weeks there was a dearth of setups which met my own criteria - and the few that did simply didn't trigger an entry. As always, I have NO idea what is going to happen, both in the market averages in general, as well as the individual stocks I am looking at. All I can do at this stage is continue to look for potential opportunities in accordance with my own criteria, maintain my watchlists, and wait to see if any entries are triggered.
I have a set of beliefs particular to myself, and my preferred style of trading.
My beliefs about how to make money in the markets may be different to yours, or I may operate on a different timeframe to you, with different entry and exit parameters, and that is fine. That's what helps create a market of buyers and sellers.
For example, when I am trading, what is it I am buying and selling? My beliefs are that:
"Everything should be made as simple as possible, but not simpler." The above quote is attributed to Albert Einstein, and it is something I try to adhere to with my own trading. That said, there is a balancing act between keeping things as simple as possible, against striving for improvement which may mean adding complexity to what you are doing.