First off, apologies if this topic was already discussed somewhere else.
Well now, I see many people have the issue they freeze and are afraid to enter a trade. I believe my problem is the opposite - I become very aggressive.
I know the importance of risk management, however once I get in that “phase” I no longer care. I tend to risk more than my fair 2%.
I tend to overtrade too. My strategy requires multiple entries to be considered “one” position. I have a win ratio of roughly 20-30% but my R:R is 5 and above (above going up to 20). So I do have to enter the same trade over and over, but I get hypnotized to enter even when I’m not supposed to myself.
And in the end, I’ve tilted my account so many times, it only feels natural now. I don’t think I have a proper attitude towards it. It’s a micro one, but enough to sustain Risk Mgmt.
Been in FX for 3 years, I’ve ready Marc Douglas’ books - they are great, and helped a lot. But my question is - is there any book that focuses on general trading attitude/ account attitude?
I need to get a bit less aggressive, any methodology or books that you can recommend, I’d be very thankful!
Thanks in advance! :47: