Why do you always make money even if you see the market correctly?
Because the most expensive thing in the trading market is not technology, but execution.
Are you the same? You are ruthless when you stop loss, and the more you lose, you lose more and more. You are just greedy for a moment and finally lose your profits? Persistence
Poor behavior is not a personality problem, but you lack these three core methods.
First, turn the transaction into a conditioned reflex, write a trading plan in advance, enter the specific point at which point, and do it when it comes out, and never make temporary decisions.
Second, use rules instead of emotions and set the stop loss red line. When it reaches the stop loss line, you must cut it, just like touching the high-voltage line. Remember, the market will not rebound just because you are reluctant to stop loss.
Third, frequently review execution. After the closing, ask yourself if you have performed as planned today. If you don’t do it, why?
Write it down and force yourself to face it. Execution is achieved through training, not by thinking about it. The essence of anxiety is to be right with yourself.
People with strong execution are not without fear, but letting the rules overcome emotions. When you no longer worry about whether to close the position, you have already won 90% of retail investors.
What was the last transaction you lost money due to poor execution?
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