I'm not saying anything new or profound here. This is mainly a reminder to myself.
Today is a tumultuous day. Started off with a profit coming from yesterday's holdings. However, knowing that I should trade smaller and on a higher timeframe, whenever I look at charts, my old habits come back - overleveraging and overtrading.
If I can make this much on a trade, surely if I quadruple the position next time then I can make that much more! Also if I can be profitable swing trading then surely I can win 10 times as fast if I day trade.
My forte is to look at the bigger picture - what is the story price is telling you over the past few days or weeks? Yet when looking at flashing colors and numbers changing on the charts, I become blind sided - my charts zoomed in so close I can only see the past 10 minutes let alone the day.
Zoom out. Look at what the chapter is telling you versus the paragraph or sentence.
Also - remove the need to "make money quickly". Appreciate every win and understand that they will slowly compound. You do not need to make 10% in a day.w
Control your mind, control your trading, control your life.
Today is a tumultuous day. Started off with a profit coming from yesterday's holdings. However, knowing that I should trade smaller and on a higher timeframe, whenever I look at charts, my old habits come back - overleveraging and overtrading.
If I can make this much on a trade, surely if I quadruple the position next time then I can make that much more! Also if I can be profitable swing trading then surely I can win 10 times as fast if I day trade.
My forte is to look at the bigger picture - what is the story price is telling you over the past few days or weeks? Yet when looking at flashing colors and numbers changing on the charts, I become blind sided - my charts zoomed in so close I can only see the past 10 minutes let alone the day.
Zoom out. Look at what the chapter is telling you versus the paragraph or sentence.
Also - remove the need to "make money quickly". Appreciate every win and understand that they will slowly compound. You do not need to make 10% in a day.w
Control your mind, control your trading, control your life.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.