https://twitter.com/yvanbyeajee/status/1045372143876345856
You never want to give the market the power to make you act like a cornered animal.
Yet there are a few things that people do that virtually guarantee that they'll end up behaving this way.
- Not having a system.
- Not having a plan to implement that system.
- Having a plan but choosing disregard it (like emotion & impluse)
- Trading with position sizes that one can't handle psychologically.
- Not understanding probabilities and inevitability of losses.
- The "I need money so bad" mindset (Get rich quick mindset)
- The "I need to be right" mindset (self-ego)
- Checking your trades and P&L 20x a day. (not living in the present moment, trust your system and work on process, result will take care of itself)
- Not having a journal and not learning from your mistakes
- Letting a string of winning trades go to your head.
- Letting a string of losing trades go to your heart.
- Dismissing mindset management techniques and pratices, and thinking your are above that and above market
- Be humble. Always respect the market and focus on current trade
网友评论