Many traders tend to lose big instead of winning small because we get caught up in the emotions associated with the trades. We stare at the P/L percent, and watch the dollar amounts very carefully. Though we entered the trade with a plan, now that we are in, we are considering making the plan a bit more flexible to suit our new needs.
In this Study Hall Session, Jay and Hewy discuss some tactics they use to be a bit more robotic In their trading. They also discuss a bit of mindset to help us put the wins and losses into perspective.
As humans we cannot fully control our emotions, we can utilize these strategies to minimize how much our emotions interfere with our trades.
Reminder!
Gold Rush Academy will be FREE for the entire month of April, during our Small Account Challenge. Check out the details here!
Enjoy! (excuse the audio)