Do you get attached to your positions?

FTC Community TeamStaff95 views

Positions acquire personalities: the one you believe in, the one that owes you, the one you're proud of. The attachment changes decisions — the beloved position gets extra chances, the hated one gets cut early.

Do you get attached to your positions? — central bank rate path diagram
A central bank's policy rate path across recent meetings

What's your attachment pattern?

  • which positions you get attached to
  • how the attachment distorts your management
  • how you keep trades impersonal
Do you get attached to your positions? — risk-reward diagram
A risk-reward ratio of 1 to 2

The stop-loss guide is the mechanical cure for attachment.

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