Just in the last week I've found myself doing the exact negative thinking you highlight above.
'I must create content by this day every week'
Have taken a step back and set up some micro-goals which I will work towards every day, and if I achieve my big weekly goals that's awesome, but also if I don't then it's not the end of the world!
Enjoyed reading and like the continuity in the format. Look forward to the next one!
Just today I stressed about "I must create content every week". But I have my own goals which I will reach at my own speed. I want to share my journey with all my struggles and positiv experiences.
This definitely brings back a lot of haunting memories from my days as a day trader. I tried to stick to my rules (and usually did) about having a $200 stop loss for the entire day, but one day I was really stupid and held on to a sinking trade before I stopped myself out at - $1K...but what did I learn from that?
STICK TO MY OWN DAMN RULES
But you are spot on when you talk about how much of this boils down to mental preparation and focusing on the facts. To trade well one must be dispassionate, but it can be difficult when you have a massive win and feel exuberant after that financial windfall. Slow and steady definitely wins the race...
Also, fun fact, the Midjourney created trader looks like he's reading my crypto portfolio on his screen LOL!
Thanks for sharing this personal experience with us, Phunky! I know what it is like to stick with a losing trade. For me it was because I could not accept that I could be wrong sometimes.
Ultimately, we manage to better understand and control these emotions within us. Trading is therefore also a school of life for me. I learn a lot about myself and my beliefs.
Also my crypto portfolio looks the same as in the midjourney picture haha
Just in the last week I've found myself doing the exact negative thinking you highlight above.
'I must create content by this day every week'
Have taken a step back and set up some micro-goals which I will work towards every day, and if I achieve my big weekly goals that's awesome, but also if I don't then it's not the end of the world!
Enjoyed reading and like the continuity in the format. Look forward to the next one!
Just today I stressed about "I must create content every week". But I have my own goals which I will reach at my own speed. I want to share my journey with all my struggles and positiv experiences.
Another great post, Mr. Meme!
This definitely brings back a lot of haunting memories from my days as a day trader. I tried to stick to my rules (and usually did) about having a $200 stop loss for the entire day, but one day I was really stupid and held on to a sinking trade before I stopped myself out at - $1K...but what did I learn from that?
STICK TO MY OWN DAMN RULES
But you are spot on when you talk about how much of this boils down to mental preparation and focusing on the facts. To trade well one must be dispassionate, but it can be difficult when you have a massive win and feel exuberant after that financial windfall. Slow and steady definitely wins the race...
Also, fun fact, the Midjourney created trader looks like he's reading my crypto portfolio on his screen LOL!
Keep up the great work, sir!
Thanks for sharing this personal experience with us, Phunky! I know what it is like to stick with a losing trade. For me it was because I could not accept that I could be wrong sometimes.
Ultimately, we manage to better understand and control these emotions within us. Trading is therefore also a school of life for me. I learn a lot about myself and my beliefs.
Also my crypto portfolio looks the same as in the midjourney picture haha