Personal Journal - Learn when to stop.
This is a personal note to myself.
Imagine the amount of money you could have saved if you simply stopped. The aim of this game isn't necessarily to make money - it's more to keep it.
You will feel by not trading that you are "missing out". However, what is actually happening is that you are "missing losses". If you trade with the NEED to be in something then you should definitely not be in anything.
True professional traders don't chase a trade - they wait. If there is no signal, they don't trade. It's that simple. They understand that so long as they still have capital, they can still trade. It's okay to take a loss, it's not okay to keep taking losses when your mind is not aligned with the market.
When you feel anxious wanting to get into a trade - stop. Get outside and take a walk.
When you feel the urge to make money back - stop. Go exercise.
When you feel emotional during a trade - stop. Get out.
Imagine the amount of money you could have saved if you simply stopped. The aim of this game isn't necessarily to make money - it's more to keep it.
You will feel by not trading that you are "missing out". However, what is actually happening is that you are "missing losses". If you trade with the NEED to be in something then you should definitely not be in anything.
True professional traders don't chase a trade - they wait. If there is no signal, they don't trade. It's that simple. They understand that so long as they still have capital, they can still trade. It's okay to take a loss, it's not okay to keep taking losses when your mind is not aligned with the market.
When you feel anxious wanting to get into a trade - stop. Get outside and take a walk.
When you feel the urge to make money back - stop. Go exercise.
When you feel emotional during a trade - stop. Get out.
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