What does strategy switching cost you psychologically?

Switching strategies feels like progress and usually isn't: the new one arrives untested, the old one's lessons are abandoned, and the switch itself often masks an emotional reaction to a loss.

What does strategy switching cost you psychologically? — risk-reward diagram
A risk-reward ratio of 1 to 2

What's your history?

  • how many strategies you've cycled through
  • the emotion that usually triggers a switch
  • how you broke the cycle
What does strategy switching cost you psychologically? — bid-ask spread diagram
The bid-ask spread on a currency pair

The expectancy guide argues for earning the sample before judging.

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