Thoughts about trading

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Humbled by Markets
#11
When you lose money, it is human nature to want to make it all back twice as quick. Slow down, keep focused, and stick to your strategy.
 

copypasteaee

Humbled by Markets
#12
Stop obsessing about your account's trade by trade fluctuation. Release attachment to outcomes, trust the process.
 

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Humbled by Markets
#13
"A calm and modest life brings more happiness than the pursuit of success combined with constant restlessness." - Albert Einstein
 

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Humbled by Markets
#14
The two most difficult things at the stock market are to accept a loss and not to realize a small profit.
- Andre Kostolany
 

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Humbled by Markets
#15
“Knowledge is proud that he has learned so much.
Wisdom is humble that he knows no more.”

William Cowper
 

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Humbled by Markets
#16
Patience is free, wait for a good trading signal because ego, impulses, & emotions can be very expensive trading signals.
 

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Humbled by Markets
#17
Drawdowns have two dimensions, capital and emotions. Both types of drawdowns can severely impact the ability of a trader to succeed.

Peter Brandt
 

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Humbled by Markets
#18
Most traders have OUTCOME GOALS, such as, “I want to make $10,000/per month”.
Those types of goals have little value if you want to improve your performance.

Have “PROCESS GOALS” instead, such as, “I will follow my rules religiously over the next 10 trades”. - @LoneStockTrader
 

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