I am starting to find that the main drag on my trading performance is overtrading. Quite often I enter a position or close a position for psychological reasons beyond coviction in a trade. I have figured out a few specific reasons: 1) Boredom, I want to have a position on most of teh time... and I enter a trade without serious conviction 2) Panic. I may close a position due to a large drawdaown. Often I re-enter at a better level than the stop price. More often I re-enter at a worse price though 3) Earge, sometimes I enter a trend which is about to run out because I picture how much potential profit I have already missed. I consider this missed profit as an indication of how much I could make if the trend continues 4) Fear of a loss, after I suffer a loss (even if I am seriously up on the day) I try to make the money back by entering many uncompelling trades, like in 1) "boredom" 5) Stress., sometimes I close a position with great profit potential because the price has been fluctuating around the open price for a while. Are there any techniques you use to make your trading more rational? Are there specific cures against the irrational decision I described above?