Trading affirmations
Short rules to read before a session. Not wishes about money: statements about process.
GeneralI took a big lossI took too much riskI want to win it backI got 5–10 stops in a rowI trade too muchI entered out of FOMOI broke my setup rulesI moved my stopI averaged down a losing positionI closed a profit too earlyI'm afraid to open the next tradeI missed the entry and now chase the priceAfter a winning streak I feel invincibleI trade out of boredomI can't stop for today
I averaged down a losing position
- I do not add to what is not working.
- A smaller loss now beats a larger one later.
- Every addition is a new trade with a new risk.
- I cut size, not my stop.
- The first loss is the cheapest.
Full protocol for this situation →
General
- One stop says nothing about the quality of my strategy.
- I judge myself by following the process, not by the result of one trade.
- A missed trade costs less than a bad trade.
- I do not need to recover today's loss today.
- Having no position is also a position.
- I do not raise risk to fix a previous result.
- My rules exist for the moments I do not feel like following them.
- The market offers a new setup every day.
These statements are written for this site. They are a reminder of your own rules, not a way to change the market or guarantee a result.