Don’t overtrade

My goal for today is not to make x amount of money, but to trade according to my rules and avoiding to over trade. That is still something I often do,especially at times when I should do the exact opposite.

***

So I will only trade a maximum of two stocks today and try to trade them correctly. Often i have the problem,that I don’t want to reenter on a trade,when I was wrong with my first decision. I then realize, that I begin hating that stock,although I am fully aware that really i am just angry at myself. It is so hard to control your emotions while you are trading sometimes. Then I have to remind myself, that it is totally acceptable to be wrong sometimes. The right way to cope with that is to be willing to analyze what went wrong and why. That will lead to a better understanding of your own trading and sometimes even make it possible to trade that stock better.

***

I hope today will be a good trading day for me and that i will be concentrated and disciplined enough to make some money.

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About Schwarzdaytrades

I am a full time day trader. I like to share my opinion about stocks and the psychology of trading.
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