What do you do to stop overtrading / manage trades? | Psychology and Money Management


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What do you do to stop overtrading / manage trades?

  #13 (permalink)

Lenox, Ma
 
Trading Experience: Beginner
Platform: TOS
Favorite Futures: US Equities
 
Posts: 283 since Dec 2018
Thanks: 402 given, 606 received

I have stretches of time with great discipline to my trade plan, interspersed with bursts of emotion-driven trading. This is what I have been doing recently to address the problem:

-Review my trade plan every morning. (Reinforce my rules and principles.)
-Listen to background music that is interesting but not distracting. (Helps keep me away from boredom trading.)
-Taped a note reading “adhere to your rules” to my screen directly beneath my trading ladder.

So far it seems to be helping. I hope that at least one of these ideas holds value for you!


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