My Answer On How To Deal With Emotions & Trading Is Always The Same
My answer on how to deal with emotions & trading is always the same. 1) systematize ur trading, down to a checklist. same entry and exit signals every time (for each setup). the more room u leave to intuition, the more ammo u give to the emotional brain.
2) I’ll never stop preaching this one. hide your goddamn PNL. I have yet to meet a single trader who doesn’t break his plan midtrade the moment he sees that he’s up or down a significant amount. the amygdala is a bitch. it WILL take over each time it sees that fluctuating PNL box
and if ur response is “well how am i supposed to know how much im up or down if i hide my PNL”.
well then that means u didnt fully plan out ur trade. b/c if u already planned ur entry point, add points, exit point, stop loss, size etc., then why do u need ur PNL box??
Risk management includes hedging urself, against urself. and hiding ur PNL box does that.
Anyone can enter a trade with a promise to stay disciplined. but shit becomes a different story the moment ur brain sees that unrealized pnl going the opposite direction.