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.