I have been trading for quite a while. No problem to see what's going on, I generally read the day very well.
I notice that I have some bias... when the day is easy and my profit is small or reasonable I do not want to take the risk to lose it. I should make a killing on these days but I don't. I don't trade or just very small, taking very quick profits even though I know I should let it run.
On the other hand, when the day is hard, I lose some, I want to make up for it. Start trading big...and bigger.
It's ridiculous, my motivation seems to be to deal with (instead of get out of) a hard situation instead of just picking the low hanging fruit.
Can anyone recommend some exercises, some ritual to battle this?
Thanks,
Ivo
I notice that I have some bias... when the day is easy and my profit is small or reasonable I do not want to take the risk to lose it. I should make a killing on these days but I don't. I don't trade or just very small, taking very quick profits even though I know I should let it run.
On the other hand, when the day is hard, I lose some, I want to make up for it. Start trading big...and bigger.
It's ridiculous, my motivation seems to be to deal with (instead of get out of) a hard situation instead of just picking the low hanging fruit.
Can anyone recommend some exercises, some ritual to battle this?
Thanks,
Ivo
Trouble lies in what we believe to know for sure that just ain't so.