OVER-CONFIDENCE cost $$$
Overconfidence after a big win will cost you a lot of money in the markets.
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After making a big trade, you will be tempted to jump back in because you will see another trade that you're convinced you will make profit on.
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If you must take the trade, and you have your three confirmations, use half as much money as you normally would trade.
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If you lose the trade, psychologically, it will be low impact.
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If you play with the full amount you normally play with, it will have a huge psychological impact on you and mess you up, if you take a loss.
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Always conserve your mindset at all costs and maintain an abundant Outlook. There are an infinite amount of Trades for you to take tomorrow and the next day.
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*** THIS IS FOR ENTERTAINMENT PURPOSES ONLY AND IT'S NOT MEANT AS PROFESSIONAL ADVICE. I NEVER GIVE INVESTMENT OR FINANCIAL ADVICE. TAKE RESPONSIBILITY FOR YOURÂ ACTIONSÂ ALWAYS ***
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