Zerebr0

Let me tell you niggaz something that NO ONE speaks about in trading. Everyone knows it's "you vs you" and not to compare to others, Everyone knows "revenge trading" is gambling etc. etc. But NOBODY has ever explored the psychology of "feeling in debt" to yourself. And that FEELING of being in debt is what makes you unappreciative of ALL your gains [whether past, present or future]. I'll explain it: Imagine you have +1M uPnL, you lock it in after a month of trading. You continue trading with that sum and next month get chopped back down to say 100K. Now let's say you lock in and make back the "900K" that you had just lost, You won't feel like you've WON or gotten even. 99% of traders will think they've underperformed and are in debt to themselves for another 1M [the money they had just lost before]. "I would've had an extra 1M if I didn't lose it!" - DESPITE making it back. So they now CHASE those imaginary gains they THINK they deserve. They think OBSESS over that 2M figure. I've spoken to so many wealthy traders throughout my years and eliminating this mindset has been their number one reason for success. "Cleanse your mind of your peak net worth" isn't just to say don't think about what you had, It's to say, don't try to make it back in one trade. Because even if you do, you won't be satisfied. You'll think of where you COULD HAVE been if it weren't for the losses initially. ~ Dr. Axius.