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?

  #56 (permalink)

Montreal
 
 
Posts: 128 since Jan 2013


muis2 View Post
I've had a couple of frustrating weeks resulting in a big drawdowns in my account.

I'm finding that I have spotted several good trades/trends over this period, but I get stopped out too early, then I chase overtrade and end up doing serious damage to my account.

What do you guys do to manage your emotions? How do you create a trading plan?

I have a serious tendency to focus on the markets and get an itchy trigger finger when the markets are open.

Thanks

Have you heard of the new 2019 Micro Futures?

You can buy a Micro Futures for just $25 removing this way most if not all the emotions you can have while trading.

Now of course $25 is not a lot but you can scale your way up as you feel more comfortable.

Just my 2 cents.

Merlin

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