I will be looking closely at the afternoon session as I might add to my position if it goes my way or get stopped out and re-enter
If the trend reverses against me then I'm fully accepting the loss. Best losers win in this game.
I have reduced my risk by twice by being proactive and thinking that I might be wrong all the way.
This is how a trader should think.
No the other way round.
Most traders think : 'How much I will make on that trade'
But they should should focus instead on 'how much I will lose' if I'm wrong
This is how a trader should think.
No the other way round.
Most traders think : 'How much I will make on that trade'
But they should should focus instead on 'how much I will lose' if I'm wrong
Not going to force another trade today. When you are on a losing streak you need to know when to say stop. I know that this small losing streak is part of doing business.
It also won't affect the outcome of a 100 trades if my rules are well respected.
I take a 0.5% loss today on the BTC Account. My tilt limit is 2% but I will pass today.
It also won't affect the outcome of a 100 trades if my rules are well respected.
I take a 0.5% loss today on the BTC Account. My tilt limit is 2% but I will pass today.
Because I'm an addict to trading and that I don't want to miss the bottom that I preached today