How i turn a green 6.6R day into a red -4R day in 16 min

[Pedro Pereira 1]

Hi all,

I need to write this down as a kind of punishment for myself.

Today i broke one of my rules: stop trading if i reach my dayly goal.

And what kept me from stoping? GREED! Yes greed! I've read about it so many times! 🤬

I didn't lost much money. But it is still a lost.

So much to learn. So much to improve. Need to focus on DISCIPLINE.

[Bailey Nevener 83]

Stopping when I hit my daily goal was a major turning point for me.  Good luck Pedro, its worth getting right.

Edited August 7, 2021 by Bailey Nevener

[Abiel 475]

Hi Pedro, thank you for sharing, I hope you keep the lesson from this experience. See below forum thread by Andrew, same topic.

 

[Pedro Pereira 1]

Thank you both for your words!

[saleemsak 0]

I'm learning this the hard way too...

There are only a hand full of times money can be made in trading compared to all the many possibilities that it can be lost. Easier said than done. Yes, we know its greed.

Sometimes we could get lucky over-trading and make money but its never consistent. It impacts the overall performance on a bigger scale of time.

Baby steps; stop trading after hitting goal seems to work well and adds to consistency.

I can't stop taking a trade if I have DAS opened up so I step out, do something else. Water the lawn, spend time with the kids, whatever that can take the mind off. I get anxious to trade and don't want to feed into it.

Another solution is to switch to sim account and see of your analysis worked.