The Solution To Over-Trading
This is a trader question from the Fibonacci Trading Forum.
Overtrading, my self-discipline, I struggle with those the most.
There can be many reasons for over-trading, so it could be beneficial to analyze the causes of this problem.
Think about your trading, when you are over-trading, what are the circumstances? Are you bored, do you need excitement? Are you pressured by your setups and triggers to enter often? Are your stop-losses too close so you are exiting and have to re-enter frequently? Are the trends weak so you have too much whipsaw? Are you trading lower time-fames, those micro-wiggles with excessive noise?
All of those reasons can have solutions. After carefully assessing the causes, you can begin to solve the problem.
Filed under: 8. Over-Trading
Like this post? Subscribe to my RSS feed and get loads more!