After your last real loss, what did you do on the very next trade?
Most traders say they moved on. I checked my own record instead: 23 trades on a FundingPips gold challenge I am working to pass.
After a win, I waited 39 minutes before the next trade. After a loss, 23. My size did not change. My timing did. Half true.
The idea comes from Best Loser Wins by Tom Hougaard, worth reading in full. The check is yours: line up every trade that came right after a loss against the ones that came after a win.
The full lesson is free as a PDF, link in the first comment.
Comment "CHECK" and I will send you where to check it on your own record.
#trading #tradingpsychology #tradingjournal #riskmanagement #daytrading #forex #tradingmindset
Most traders say they moved on. I checked my own record instead: 23 trades on a FundingPips gold challenge I am working to pass.
After a win, I waited 39 minutes before the next trade. After a loss, 23. My size did not change. My timing did. Half true.
The idea comes from Best Loser Wins by Tom Hougaard, worth reading in full. The check is yours: line up every trade that came right after a loss against the ones that came after a win.
The full lesson is free as a PDF, link in the first comment.
Comment "CHECK" and I will send you where to check it on your own record.
#trading #tradingpsychology #tradingjournal #riskmanagement #daytrading #forex #tradingmindset
