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?

  #28 (permalink)

Market Wizard
OC, California, USA
Trading Experience: Advanced
Platform: IB/TWS, NinjaTrader, thinkorswim
Favorite Futures: stocks, options, futures, VIX
shodson's Avatar
Posts: 1,925 since Jun 2009
Thanks: 507 given, 3,540 received

Trade higher time frames

One thing that has helped me, and I'm surprised nobody or not that many people have mentioned it, is to trade on higher time frames. This will definitely slow you down! It will also reduce your trading costs (commission and slippage), subject you to less random noise, and requires less time staring at charts. Win win win!

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