How do you do a digital detox from the charts?
The phone makes the market omnipresent, and constant checking is the tax. Detoxing — app-free hours, phone-free evenings, chart-free weekends — restores perspective.
What's your detox?
- the boundaries you've set with devices
- how you survive the withdrawal
- what came back once the checking stopped
The overtrading guide explains the checking compulsion.
Background: Revenge trading and overtrading: how to spot them and stop
Trading to win back a loss, or trading out of boredom, are two of the fastest ways to damage an account. Learn the warning signs and the rules that interrupt them.
What is revenge trading?
Opening a trade to win back a recent loss rather than because your trading plan gives a signal, often with a bigger position than usual.
How do I stop overtrading?
Set a maximum number of trades and a daily loss limit in advance, require a written reason from your plan before each entry, and check in your journal whether the extra trades have helped or hurt your results.
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