Would I take this trade RIGHT NOW?
If you struggle from not cutting your losers quick enough, then you may need to hear this.
Something I have been doing lately that has helped me tremendously with my hope syndrome while in a losing trade is saying to myself “would I take this trade right now”?
Often times the answer is NO. Then I cut and move on. It has saved me a lot of money over the past month.
I have destroyed my account 5 times AT LEAST, and made countless deposits trying to chase a loser in hopes that it will bounce just enough to make it not so bad.
I’m a work in progress and I just wanted to share this little hack in case someone needs to hear it.
Best of luck everyone! 👍