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?

  #32 (permalink)

GEORGE TOWN
 
Trading Experience: Advanced
Platform: Ninja Trader
Favorite Futures: GC
 
Posts: 3 since Oct 2017
Thanks: 0 given, 13 received

The way I avoid overtrading is setting limits.

I only trade one instrument.
I only trade US session.
I only trade when price gets to a specific level.
I only trade based on a one specific time frame.

The more you limit yourself with very specific rules the less you will be able to overtrade (if you follow your rules strictly, then its impossible to over trade).

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