"In trading, every once in a while, you gotta break your rules, so that the market can give you a brutal reminder about why you had them in the first place..."
-- @LoneStockTrader
"When you lose money, it is human nature to want to make it all back twice as fast. Slow down, stay focused, and stick to your strategy. This is what wins in the long run."
-- @TradingComposur
"There are few things in life more rewarding than falling in love with an author and reading everything they've ever written."
-- David Perrell @david_perell
- No caffeine after lunch and limit alcohol intake
- Sleep/wake at consistent times
- Exercise regularly
- Put phone in a different room
- Consider a melatonin supplement
- Read right before going to bed"
You need to have a solid trading plan. The trouble is that most traders trade without any definitive WRITTEN plan. Trading is a business and all successful businesses need a business plan to guide decisions and operations.
2/ DEFINE your methodology
What exactly is your methodology? If you cannot answer that question, you are not ready to be risking money in the markets.