We understand the hardest trade is often the trade against our emotions.
Sometimes our system says:
Take it.
Our fear says:
Don't.
Sometimes our system says:
Stay out.
Our greed says:
Enter.
The real battle isn't always against the market.
It's between our plan and our emotions.
We understand the hardest trade is often the trade against our emotions.
Sometimes our system says:
Take it.
Our fear says:
Don't.
Sometimes our system says:
Stay out.
Our greed says:
Enter.
The real battle isn't always against the market.
It's between our plan and our emotions.
We stop asking, โHow much can I make?โ
We start asking:
โHow much can I afford to lose while staying in the game?โ
That's when our mindset starts changing from gambler to trader.
@PaulSmc_ 100% agree. Before asking โHow much can I make?โ, we should ask โHow do I make sure I stay in the game?โ
Capital preservation comes first. Everything else comes after.