What's overrated in trading psychology?
Some psychological advice is repeated more than it's earned: cold showers, perfect discipline, "just remove emotion". The overrated list is worth naming so newcomers can calibrate.
Post yours:
- the advice you find overrated
- why it didn't work for you
- what actually worked instead
The psychology threads aim to be the antidote to recycled advice.
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.
Comments
Log in to join the discussion. Comments follow the community guidelines.
Log in to commentLoading comments…