Last couple of days my trading has been well below par, perhaps it's time to reassess my trading plan. Here is a paragraph from my article written a while back, perhaps it's what I am currently experiencing.
The most important thing a trader has to learn is when not to trade. It is not only when the markets are overly quiet or nasty whipsaws, but when they are having mental whipsaws. In other words, when they are taking irrational and illogical trades contrary to their trade plan. When they are trading to be right and win every trade to satisfy their ego, instead of trading to be profitable. If their mind is not in subjection to their reason, mistakes will be made. Sometimes, I fail to understand why traders find it so hard to do what is in their own best interest.
Some inspiration to keep going.
The most important thing a trader has to learn is when not to trade. It is not only when the markets are overly quiet or nasty whipsaws, but when they are having mental whipsaws. In other words, when they are taking irrational and illogical trades contrary to their trade plan. When they are trading to be right and win every trade to satisfy their ego, instead of trading to be profitable. If their mind is not in subjection to their reason, mistakes will be made. Sometimes, I fail to understand why traders find it so hard to do what is in their own best interest.
Some inspiration to keep going.
There's always a way - if you're committed. - Tony Robbins