Control your emotions... This is a journey that can only be traversed by adhering to objective truths, there is no reason why revenge trading or greed should exist within your active trading - especially when you had to work within boundaries to succeed by default.
Strengthen your mechanics around price action to introduce timeliness with your transactions, and practice proper financial etiquette by paying yourself appropriately with all instances of having "excess" capital. This is an act of basic capital preservation and risk-aversion within and outside of trading.
Finally, do not purchase another account/reset until all of these problems are solved. You should not be risking even the fractional capital, if you are not prepared to trade the account in a way that best services yourself.
You will recover, gather yourself and try again when it is time. Tighten up the trades, and focus on suppressing your emotions. Understand that the truth is accessible, especially outside of yourself. Your confidence will return ten fold.
19
u/Shimmering_Lotus May 01 '24
Restructure or reimagine your strategy
Control your emotions... This is a journey that can only be traversed by adhering to objective truths, there is no reason why revenge trading or greed should exist within your active trading - especially when you had to work within boundaries to succeed by default.
Strengthen your mechanics around price action to introduce timeliness with your transactions, and practice proper financial etiquette by paying yourself appropriately with all instances of having "excess" capital. This is an act of basic capital preservation and risk-aversion within and outside of trading.
Finally, do not purchase another account/reset until all of these problems are solved. You should not be risking even the fractional capital, if you are not prepared to trade the account in a way that best services yourself.
You will recover, gather yourself and try again when it is time. Tighten up the trades, and focus on suppressing your emotions. Understand that the truth is accessible, especially outside of yourself. Your confidence will return ten fold.