Over the years, I have found that trading isn't necessarily about what you know.
It's about how you behave.
And behavior is hard to teach, even to really smart people.
FRIDAY CLOSING LOSS RULE
My trading policy is to liquidate any trade that shows a loss on a Friday for two reasons
1. Enjoy a weekend without sweating a loser
2. Friday losses often get worse the following week
Rules rule
Your P&L is not your identity.
Losing streak = “I’m a loser.”
Winning streak = “I can’t miss.”
Both are dangerous. Stay grounded.
Zoom out.
In a universe this big, most of what stresses us out is insignificant.
The life you’re struggling through is someone else’s dream life.
Detach your self-worth from your results.
Ironically, that’s often when you perform your best.