Emotional trading is the root cause of 90% of traders' losses. I am a risk management observer and an independent trader. Today, I will share my three iron rules of mindset to eliminate impulsive trading from the source. This is just a personal experience sharing and does not constitute investment advice.
1️⃣ Never increase your position after a loss — do not retaliate against the market, do not try to 'make it back'. 2️⃣ If you have three consecutive stop losses, stop immediately — if your state is not right, waiting will only give away money. 3️⃣ Execute only according to the plan, do not watch the market fluctuations — the market is unpredictable, discipline is eternal.
A stable mindset leads to a stable account. Investing has risks, enter the market with caution.