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The thing with bad decisions in trading or any other endeavor is that it begets other bad decisions.
The first thing is to get back to the basics and put things straight.
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The first thing is to get back to the basics and put things straight.
/2
The simple things go out of whack with these bad decisions.
#process
#positionsizing
#riskmanagement
/3
#process
#positionsizing
#riskmanagement
/3
This happened in one of my #discretionary #trading accounts this week.
So the only next step is to bring the focus back to these simple things.
#process
#positionsizing
#riskmanagement
/4
So the only next step is to bring the focus back to these simple things.
#process
#positionsizing
#riskmanagement
/4
For those new to trading, the #gurus will tell you that they've all made mistakes in the past and now are mistake free or have come out of it.
The reality is that no-one really stops making mistakes.
Bad #trading #decisions happen in real time with everyone.
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The reality is that no-one really stops making mistakes.
Bad #trading #decisions happen in real time with everyone.
/5
This.
The key and challenge is to know how to kill "the domino" before it gets too big.
Each one has to face and figure out their own domino.
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The key and challenge is to know how to kill "the domino" before it gets too big.
Each one has to face and figure out their own domino.
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