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?

  #26 (permalink)

Wilmington Delaware
Posts: 7 since May 2019
Thanks: 0 given, 7 received

TraderTS View Post
I think you are trading too many products.

What works for me...
Read 'Trading in the Zone' by Mark Douglas
Zone into high probability trade setup
Allow only two bullets for each session on each product

... remember, not only let the trade setup comes but also wait for target(s) to hit, FIRST.

Good luck!

Yes this!! Trading in the zone is a great book, you have to have a probablistic mindset and act accordingly. What is your edge and are you able to apply it every time without error? You need a trading plan that spells out your entry, risk, and exit criteria. Use a mechanical system 1st. Once you enter a trade, the thinking has already been done. Trade your plan and plan the trade. Good trading!!

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