ONE DAY YOU WILL REALIZE ABOUT TRADING
1. No matter how much you make, one bad trade can wipe out months of profits.
2. No matter how good your strategy is, there will be days when nothing works.
3. No matter how many indicators you use, price will still surprise you.
4. No matter how confident you feel, the market can humble you in one trade.
5. No matter how much you study, uncertainty will always remain.
6. No matter how experienced you become, you will still make mistakes.
7. No matter how much money you make from the market, your biggest gains may come from the lessons you paid for with losses.
8. No matter how much you know about the market, you will never know everything.
9. No matter how much you improve your strategy, controlling yourself will remain the harder part.
I've been trading for 12 years and I still size down the morning after a big win.
Because I know what happens if I don't.
The bias kicks in. I feel untouchable.
I see setups that aren't there.
I take trades with no volume, no confirmation, nothing. Just ego.
Experience doesn't eliminate that. 12 years and it's still there.
The difference is now I expect it.
So I cut my size in half before the market even opens.
When the bias wins, the damage is small.
When I'm actually right, half size still pays.
Stop trusting how you feel after a green day. Your brain is lying to you.