Staying disciplined
What is the best way to maintain discipline when you’ve had a few losses? I find it hard not to try and "win back" my money immediately.
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Colona Divers Group
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What is the best way to maintain discipline when you’ve had a few losses? I find it hard not to try and "win back" my money immediately.
That is the "revenge trading" trap, and it's the fastest way to lose your account. I really recommend reading the points made in this document https://hackmd.io/@FVgwq--SS2KmzRgpWhyORQ/BJgmVEJkzx about maintaining emotional control. It suggests taking a step back and resetting your mindset. My review of this approach is that it's the single most important factor for long-term success. Discipline isn't just about winning; it’s about knowing when to walk away.