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4 Ways To Know If You Should Cut Your Trading Day

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Page 1: 4 Ways To Know If You Should Cut Your Trading Day
Page 2: 4 Ways To Know If You Should Cut Your Trading Day

There's a lot to be said about human nature and how it applies to

trading

Page 3: 4 Ways To Know If You Should Cut Your Trading Day
Page 4: 4 Ways To Know If You Should Cut Your Trading Day

If you know when to push a trade, you'll

probably see some of your good days turn

into great days

Page 5: 4 Ways To Know If You Should Cut Your Trading Day
Page 6: 4 Ways To Know If You Should Cut Your Trading Day

So how do you decide whether to carry on

trading?

Page 7: 4 Ways To Know If You Should Cut Your Trading Day

Power Of Quitting

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I’ve made money.I’ve lost money.

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Mostly though….Tick neutral, higher commissions and

mental exhaustion.

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Page 11: 4 Ways To Know If You Should Cut Your Trading Day

The issues which must be addressed are:

Page 12: 4 Ways To Know If You Should Cut Your Trading Day

Market conditions turning sub-optimal

Switching off mentally

Page 13: 4 Ways To Know If You Should Cut Your Trading Day

Emotionally opposed to continuing to trade

"I should've stopped" syndrome

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MARKET CONDITIONS

TURNINGSUB-OPTIMAL

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SWITCHING OFF MENTALLY

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You could well end up turning a decent up day into a down day

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BEING EMOTIONALLY OPPOSED TO

CONTINUING TO TRADE

Page 22: 4 Ways To Know If You Should Cut Your Trading Day

You've clocked up a tidy profit and you

want to bank it

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I know when I've lost a nice profit the weekend has not exactly been fun

Page 24: 4 Ways To Know If You Should Cut Your Trading Day

When you're at that point and you want to stop, your emotions

are heightened

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THE "I SHOULD'VE STOPPED" SYNDROME

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There's no bias to this feeling

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Because you felt unsure about continuing to

trade, your mind tells you that you're a bad

trader!

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"I was too greedy"

"I was dumbto carry on"

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If you can become skilled at identifying when to push, it can make a big difference to your bottom line

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You must consider the points above

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Is your system robust?

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Halve your position size?

Stop if you lose half your profits?

Trade all the same setups as before?