“I should have entered that trade. Would have made myself very good profits there.”
“Why do the trades I take always end up worse than the trades I didn’t take?”
“Wow, if only I had held on to that trade. I would have made so much more.”
“I can’t get over the fact that I could have been at least 2x or 3x more profitable today.”
“If only I didn’t do this-and-that, I would have been so much more profitable today.”
Remember, these are all self-destructive thoughts and are detrimental to your long-term performance as a trader.
Trust me, I’ve been there and have done all that.
The key things to remember are:
- Take what the market gives you.
- Be content with the profits that you managed to get. Some profits is always better than no profits (or worse, losses).
- Win or lose, just stay the course and stick to your strategy.
- No need to be too happy when you win a trade, and no need to be disappointed when you lose a trade. Just trade as if you were emotionless.
- Trading is a long-term game. You are merely doing your best to ensure that the odds will work out in your favour in the long run.
- Nobody can buy at the lowest and sell at the highest.
- Even the very best traders lose trades from time to time.
- Always focus not primarily on the profits, but on flawless execution of your whole strategy.
- Risk management is what keeps you in the game.