Over trading is a problem affecting both beginners and those that have been in the game for a while, over trading can cause a lot of damages to accounts and may even lead to blowing of one's account, we'll be looking at how to mitigate the problem in our trading in this short article.
Self Awareness: It is important to be self aware about yourself when you're trading, this is but not limited to monitoring yourself and answering your thoughts in real life when over trading thoughts creeps in, you can also have a predefine setups that guides your selection of trades to prevent you from over trading.
Building an Edge: By having an edge in the market you'll not be tempted to be checking the chart always and you'll have the patience of waiting for your edge to show up before taking a trade.
What are your thoughts on how to mitigate over trading?
Self Awareness: It is important to be self aware about yourself when you're trading, this is but not limited to monitoring yourself and answering your thoughts in real life when over trading thoughts creeps in, you can also have a predefine setups that guides your selection of trades to prevent you from over trading.
Building an Edge: By having an edge in the market you'll not be tempted to be checking the chart always and you'll have the patience of waiting for your edge to show up before taking a trade.
What are your thoughts on how to mitigate over trading?
