How to stop repeating same mistakes again and again?

against_tides

Well-Known Member
#11
Make Excel sheet with points. Record trade log with reason and read it daily without fail.
I am doing the same mistake but reducing the frequency of letharginess and hence reducing loss..
The more you will read your trade log and instructions the lesser mistakes you will make
 
#12
Hi, I have been trading for a yr now. Sometimes i end up repeating same mistakes i did in the past. i'm following my discipline for few trades. But after that i'm become lathargic and enter the trade eventhough some of my key factors are not in the trade? How to rectify these mistakes?
Well, you will improve on your mistakes with practice, this happens with everyone. Don’t be tensed about it. If you tend to make same mistakes repeatedly, it means that somewhere you become quite excited or impatient while trading and you do not have control over your emotions. Also, laziness has no place here, work on that.
 

stoch

Active Member
#13
Make Excel sheet with points. Record trade log with reason and read it daily without fail.
I am doing the same mistake but reducing the frequency of letharginess and hence reducing loss..
The more you will read your trade log and instructions the lesser mistakes you will make
Why I need to read my trading logs? It really doesn't make sense because separate trades don't allow to make conclusion about your mistakes. I would rather rely on statistical methods or financial criteria like Sharpe ratio or data science tools to get mathematical interpretation of our trading activity.
 

against_tides

Well-Known Member
#14
Why I need to read my trading logs? It really doesn't make sense because separate trades don't allow to make conclusion about your mistakes. I would rather rely on statistical methods or financial criteria like Sharpe ratio or data science tools to get mathematical interpretation of our trading activity.
Logs with reason dear..
 
#15
Yes, learn where mistakes are from trading logs. No point in further if one don't realize what are the mistakes.
Take time off and come back when learnt and move with new strategy.
 

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