Market TRIGGERS & LOGIC Statement Flashcards
Situation: Price is moving away from BTS entry level
Perception:
Reality:
(Lack/Scarcity) I’m going to miss..the trade, miss the chance to make money, to feel successful/valued/worthy/loved, to escape my job/life/stress/pressure/anxiety, erase my debts/failures/fuckups/mistakes
(Objective/Neutral) Price tends to pull back so set a limit entry and watch how many times you get picked up. Worst case, the market offers multiple opportunities everyday there will be another BTS within minutes/hours.
“This trade setup looks so amazing! I might as well ‘lot the fuck up’ and make a killing”
Breaking risk protocol is always a BAD outcome.
Throws off data and compromises the edge
Strengthens the bad habits we are work so hard to leave behind
I woke up early, got myself ready and took a great looking setup and this dam trade STILL lost!
We are working on a large batch of trades using probability.
We are paid based on consistent execution of the system over a long period of time.
We do not get paid based on any individual effort or expectations
