4 Ways To Know If You Should Cut Your Trading Day
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There's a lot to be said about human nature and how it applies to
If you know when to push a trade, you'll
probably see some of your good days turn
into great days
So how do you decide whether to carry on
Power Of Quitting
Ive made money.Ive lost money.
Mostly though.Tick neutral, higher commissions and
The issues which must be addressed are:
Market conditions turning sub-optimal
Switching off mentally
Emotionally opposed to continuing to trade
"I should've stopped" syndrome
SWITCHING OFF MENTALLY
You could well end up turning a decent up day into a down day
BEING EMOTIONALLY OPPOSED TO
CONTINUING TO TRADE
You've clocked up a tidy profit and you
want to bank it
I know when I've lost a nice profit the weekend has not exactly been fun
When you're at that point and you want to stop, your emotions
THE "I SHOULD'VE STOPPED" SYNDROME
There's no bias to this feeling
Because you felt unsure about continuing to
trade, your mind tells you that you're a bad
"I was too greedy"
"I was dumbto carry on"
If you can become skilled at identifying when to push, it can make a big difference to your bottom line
You must consider the points above
Is your system robust?
Halve your position size?
Stop if you lose half your profits?
Trade all the same setups as before?