Bad Thoughts That Will Harm Your Trading

“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:

  1. Take what the market gives you.
  2. Be content with the profits that you managed to get. Some profits is always better than no profits (or worse, losses).
  3. Win or lose, just stay the course and stick to your strategy.
  4. 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.
  5. 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.
  6. Nobody can buy at the lowest and sell at the highest.
  7. Even the very best traders lose trades from time to time.
  8. Always focus not primarily on the profits, but on flawless execution of your whole strategy.
  9. Risk management is what keeps you in the game.

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