Dear ------- (who will be trading tomorrow),
The reason you are reading this letter is because yesterday you messed up your trading. You displayed emotional traits that you worked so hard to overcome during the last 10 years. I am writing this to you so that you can clean up before things spiral out of control. Yes, you know that feeling, the memory is still fresh in your mind. The mindless clicking of buy sell buttons, behaving like a mad man whose hopes are raised and dashed in a casino.
You have done well for many years, I do not know what caused the sudden shift in your mental performance. That is why I need to write you this letter to remind you the importance of DISCIPLINE. Have you forgotten your motivation ? Do you remember who and why you are trading for ? Have you forgotten the pains and angst of emotional trading ?
It is not too late, in fact I must be paranoid to be writing this letter to you right now. But you know the dangers, that is why I am writing this to remind you right now. Sort out any issues you have right now, and do your mental check frequently during your trading (as you have done in the past). I have a feeling you messed up because of overconfidence and complacency.
Now you know trading is a constant battle of the mind, let today be a lesson for you.
Sincerely yours,
Me
The reason you are reading this letter is because yesterday you messed up your trading. You displayed emotional traits that you worked so hard to overcome during the last 10 years. I am writing this to you so that you can clean up before things spiral out of control. Yes, you know that feeling, the memory is still fresh in your mind. The mindless clicking of buy sell buttons, behaving like a mad man whose hopes are raised and dashed in a casino.
You have done well for many years, I do not know what caused the sudden shift in your mental performance. That is why I need to write you this letter to remind you the importance of DISCIPLINE. Have you forgotten your motivation ? Do you remember who and why you are trading for ? Have you forgotten the pains and angst of emotional trading ?
It is not too late, in fact I must be paranoid to be writing this letter to you right now. But you know the dangers, that is why I am writing this to remind you right now. Sort out any issues you have right now, and do your mental check frequently during your trading (as you have done in the past). I have a feeling you messed up because of overconfidence and complacency.
Now you know trading is a constant battle of the mind, let today be a lesson for you.
Sincerely yours,
Me
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