Ricex
Sergeant
- Messages
- 358
Somebody once said....
"insanity is doing the same thing over and over again expecting different results"
are you doing the same thing over and over again in your trading expecting that the next time will be different?
So many novice traders are losing money it's likely that a lot of them are just repeating their mistakes and not learning and changing their way of trading.
STOP!! you are just enforcing bad habits that will be extremely difficult to amend later on, and the longer you go on doing this the more difficult the task will become.
First step in disrupting this repetitive pattern is to acknowledge it when it happens, this means becoming objectively aware of certain traits within your trading personality and possibly keeping a trade journal if you think it may help.
As your awareness increases, your ability to control your bad habits also increases as you start to introduce more positive trading behavior over time.
You won't change everything overnight, and anyway it's better to aim for small victories at the start, but little by little you can make improvements and try to stop the vicious circle of insane behavior.
"insanity is doing the same thing over and over again expecting different results"
are you doing the same thing over and over again in your trading expecting that the next time will be different?
So many novice traders are losing money it's likely that a lot of them are just repeating their mistakes and not learning and changing their way of trading.
STOP!! you are just enforcing bad habits that will be extremely difficult to amend later on, and the longer you go on doing this the more difficult the task will become.
First step in disrupting this repetitive pattern is to acknowledge it when it happens, this means becoming objectively aware of certain traits within your trading personality and possibly keeping a trade journal if you think it may help.
As your awareness increases, your ability to control your bad habits also increases as you start to introduce more positive trading behavior over time.
You won't change everything overnight, and anyway it's better to aim for small victories at the start, but little by little you can make improvements and try to stop the vicious circle of insane behavior.