Showing posts with label Play to win. Show all posts
Showing posts with label Play to win. Show all posts
Thursday, April 21, 2016
Playing Not To Lose
Nothing has changed. I have not learned from my own lessons and every trade I've been taking has been reinforcing my bad habits. I can't blame anyone but myself. My head is not in the right place because I have been playing not to lose.
My cycle has become losing confidence when I trade poorly, not trading when I lose confidence, and trading scared when I trade. This is the cycle to failure and I need to snap out of it. I must assume that all the money I put in the market is lost and trade with no pressure. Even if a trade doesn't work, it doesn't matter because there will always be a next trade. I just have to make sure my plan minimizes risk and trade correctly.
I have noticed that my two biggest problems right now have been my poor entries and sizing. These are the biggest culprits of how I am losing the majority of my money. These are the only two problems I will fix until they are eliminated. Once they are, then I will move on to my other problems.
I have been talking a lot of bullshit lately and haven't been taking action. Now I will take action.
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