Psychological Biases
Nobody likes to lose! Me included! But life will teach us the hard way if we do not come to terms with the fact that we cannot win them all!
Life is such. If we are going to trade, we are going to have to take risks! BUT a calculated risk is what we should be taking. Winning in the long run is the goal! You cannot win every trade — this is impossible. But we can win big over the long run if we understand time and price!
We are the only people trading with time and price! This allows us to keep stops tight, and we also know what days and hours are good to trade! We know things nobody knows and nobody even believes! So put it to good use.
So do your technical analysis, put in your timelines, mark your swing days, and then trade it. You do not need any other confirmation except this information, traded with money management.
Forget thinking too much. Just like too much information leads to analysis paralysis, too much thinking leads to trading paralysis.
If we have a proper technical analysis scenario with a swing day, swing hour, and a price — take the trade with calculated risk and return!
Trade like a machine!
Link to the YouTube article: https://youtu.be/YgI3zeVMDPg
