When your objectivity leaves, you should too.

When you can no longer see the other side of the trade you have begun to lose. Maybe not money but your greatest asset as a trader, flexibility and adaptibility, is gone.  Nothing is scarier in my life or as trader is when I have it all figured out. It means I am setting up for a great fall.  Here is how it happens:

1) I take the outcome for granted.

2) I stop doing the work, no more work is needed because the outcome is already determined.

3) I ignore the warning signs.

4) I blame something or see it as an aberration.

5) I fall hard and have to start from the bottom.

Trading is difficult, not doing the work and ignoring all the signs makes it impossible. There is obviously a fine line and you have to figure that out for yourself. Remember; it is always about being able to trade tomorrow, whenever tomorrow is.

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  • Live to trade another day.

  • Emini_All_The_Time

    You know man you are really created an amazing blog.    Your ideas are so damn honest for the intra-day trader and we cannot thank you enough.      Never stop posting and please remember you are setting a fine example for your profession.     Have a fun weekend and thank you for being real.

    • Really appreciate it.  If you have a topic suggestion please let me know. 

4 Responses to When your objectivity leaves, you should too.

  1. GYSC says:

    Live to trade another day.

  2. Emini_All_The_Time says:

    You know man you are really created an amazing blog.    Your ideas are so damn honest for the intra-day trader and we cannot thank you enough.      Never stop posting and please remember you are setting a fine example for your profession.     Have a fun weekend and thank you for being real.

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