what makes you break your rules

Discussion in 'Trading' started by billyjoerob, Aug 12, 2013.

  1. because I am the worst trader.

    and becuase breaking rules are easier than disciplined.

    focus is hard; goof around is easy

    discipline is hard; multi-task looks busy and easy

    monitor the trade is hard; but put a stop loss there is easy

    book profit is easy; but hold for the exit target is hard

    talk is easy; do it is hard
    .................

    you name it, when you feel you are doing hard things,yourequity curve is steady going up; when you are doing easy things, you rolldown the hill

    most people are home run retail traders, they have no boss. so they break rules, and no one will fire them. so they keep doing that. including me.
     
    #11     Aug 14, 2013
  2. drcha

    drcha

    Nearly all of my failures to follow my rules take the form of failure to take trades because I am afraid of them. I don't find myself trading stuff that is extra. I am thinking maybe I should keep a journal, so I can more effectively prove to myself what I already know: that the scariest trades tend to be the ones that ultimately work:)
     
    #12     Aug 16, 2013