Don’t be greedy, follow your rules.
Don’t be anxious, reduce your risk.
Don’t be scared, think in probabilities.
Don’t be angry, there's always another opportunity.
5 years in trading...
- You understand how your mind works
- You understand how people's minds work
- You understand how the economy works
Trading is a crazy business.
Finding good trade entries is hard enough, but staying in profitable trades long enough is even harder.
Thus, you need to make sure you don’t get emotional once in a trade and maximize your profit potential.
Your trading results will vary depending on whether you trade as per your system or trade as per your mind.
Emotions can make a right trade wrong in no time.
It's OK if you lose money in the process of learning. That's the fee you pay to the market to get real-time experience.
But it's NOT OK if you lose money by ignoring the lessons learnt in the past.
As a trader you must strive to improve every day with every trade!