Are you risking too much?

Understanding risk is not always changing the the odds but changing how you feel about them.  How you feel about risk is dependent on when you think about.

 

The goal is to only be risking money.  If you are having fears about the risk, make a list of things that you can lose. Then examine each on and decide if it is rational or worth the risk.  The time to think about risk is before a trade not when a loss is realized.

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The importance of rereading your trading journal.

I often take a look back at what I write to see how I have changed.  Below is an excerpt...

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