You Must Not Break Your Rules The only time you set a rule or a condition is after you’ve thought about it validated it and agreed with yourself that the rule should be implemented to protect you and your capital. If you break your own rules in bad faith, you are not only second guessing the market (gambling) but also sabotaging your self-confidence and conviction in your own abilities. You are better than that. Actionable Tip: Clearly define your rules with purpose e.g) Rule: I will not trade unless the candlestick has closed. Purpose: Because the market may change direction during the same direction and make the execution signal invalid. #stocks #trader #stockstrader #trading #bitcoin #quote #lifestyle #grind #motivation #boss #finance http://bit.ly/2tdvuYK
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Wednesday, December 12, 2018
You Must Not Break Your Rules The only time you set a rule or a condition is after you’ve thought about it validated it and agreed with yourself that the rule should be implemented to protect you and your capital. If you break your own rules in bad faith, you are not only second guessing the market (gambling) but also sabotaging your self-confidence and conviction in your own abilities. You are better than that. Actionable Tip: Clearly define your rules with purpose e.g) Rule: I will not trade unless the candlestick has closed. Purpose: Because the market may change direction during the same direction and make the execution signal invalid. #stocks #trader #stockstrader #trading #bitcoin #quote #lifestyle #grind #motivation #boss #finance
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