Recently I participate in an analyst competition, and I got eliminated in the trading sections.
Having an established trading system and strong mindset doesn't mean I make profit in every single trading days, as everyone would agree.
That's why we need a daily risk ceiling, if hit, we don't trade anymore,which is called being "locked out". usually 6% (2% per...
Practical Exercise
1) Think of a past scenario where you acted impulsively in your trading and suffered the consequences.
2) What was the psychological issue that triggered the mistake?
3) How can you avoid future occurrences of this mistake?
4) Share in this thread.