Avoiding Emotion Based Trading Mistakes

 

22:46 css:  at 8, I didn't wait for the bar on the 3min to complete
22:49 css:  anyway, basically I went nuts after the trade that was not supposed to happen at 6, I broke my rules at 7 and 8
22:50 db:  try to remember what you were feeling at that point css, and recognize the damage. When you feel it again, either neutralize it somehow, or take a break until you can think again
22:51 db:  it is trauma
22:51 db:  and the brain is designed to fight or flight without long term thinking when it occurs
22:52 css:  yea I have been rethinking what I was thinking at that moment, also thinking how to avoid that happen again
22:53 db:  funnily enough, you can also be traumatized by large winning trades
22:56 css:  maybe I won't mind about being traumatized that way
22:57 db:  :-)   point is, your analytical brain can shut down after big winners too. Important to recognize when you are not thinking clearly anymore
23:03 css:  thanks db