Hi Forex Nation!!
I have a little tip to help with the dark side of trading.
All traders find themselves from time to time violating some of their own trading rules. There are legitimate times when it is OK for rules to be broken. For the beginner trader, this last rule should never be explored! If are relatively new to trading or you find yourself repeatedly make emotionally bad decisions while you are hanging on to a trade, this tip is for you!
Try this… (Especially if your technical exit has been reached (profit or loss) or you hear that inner voice going “get out, get out and you don’t!!).
When trading, place a large rubber band around your wrist. Anytime you violate one of your trading rules give it a good snap!! On exit rule violations give it 2 snaps!!
That will interrupt your bad thought process and break your habit of violating your plan. No, I am not sadistic, but trust me it will work!!
Happy (Ouch) Trading!!
Global Macro Forex and Financial Market Education, Research and Analysis utilizing Elliott Wave, Fibonacci and Gann Forecasting Techniques -
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