Many people think that trading is just a technical analysis. If not! Carefully check the pyramid above and read the description. If you also have experience with trading success, share it in the comments. Thanks !
TLDR; Blood pressure monitors are a surprisingly powerful tool.
First off what a great post there is information here that can save accounts!
I think one of the single hardest parts of trading is understanding when you are having a reaction vs taking a premeditated action. My rule of thumb is if your blood pressure is up (and I don't mean metaphorically) then you are having a reaction. If you are in a spot where you are forced to take action during a reaction the hardest choice is often the right one... If that means eating a loss so be it. In my experience (and I'm open to other points of view) is that even with the best of trading plans, once in a while you are going to get caught, just remember usually whatever made you react, thousands of other traders just had the same feeling. This goes for both experiencing a loss and a win! Eventually under enough stress the body can't tell the difference between excitement and fear and that's when you are really screwed and overtrade.
First off what a great post there is information here that can save accounts!
I think one of the single hardest parts of trading is understanding when you are having a reaction vs taking a premeditated action. My rule of thumb is if your blood pressure is up (and I don't mean metaphorically) then you are having a reaction. If you are in a spot where you are forced to take action during a reaction the hardest choice is often the right one... If that means eating a loss so be it. In my experience (and I'm open to other points of view) is that even with the best of trading plans, once in a while you are going to get caught, just remember usually whatever made you react, thousands of other traders just had the same feeling. This goes for both experiencing a loss and a win! Eventually under enough stress the body can't tell the difference between excitement and fear and that's when you are really screwed and overtrade.