The day to day psychology of a trader

Ambiguity stems from not having a defined trade plan before going into each trade


RN

 

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Where you been hiding? I figured you prudently risk managed your way to broke.

 

Of course not. You will never go broke by risking less than 2% of TLNW on any one trade/idea

 

In fact, you would stop trading well before going broke.

 

So where is the edge then?

 

I'd assume Buy1Sell2 is implying that before broke, there is a step called "stop trading well" ?
Thus when one stops trading well, it is better to make a pause, otherwise the sure consequence is broke ?
From this I infer, it is important to have early signals when one stop trading well.
I assume, finding the reasons might be one of the next steps.

And profitlocker is absolutely right in wondering if stop trading well means the edge is not there?

* * *

So far, the 5hours daily meditations are extremely difficult for some reasons.
Though (2,1,1,1) are scheduled during the day.
This contrasts to a retreat(12hrs/day) where it was much easier.


The benefits of the meditation though are really clear :
clarity, thoughts are of high quality.
the trading objectives are much better understood
the emotional choices ( thrills, balance or safety) that accompagny the risk management

 

If mental is down, might required motivator to develop new motivation, maybe loss in trading especially in huge money, it will making depressed, but having good mindset also will making us more carefully in trading

 

Luckily nothing of such.
Just preparing for the trading objectives.

The meditation regime is just actually extremely hard.

 

Good for that, preparing trading with objective and always trade with plan trading,
Meditation is good if having intention to trained