Tweet *****Don't blame circumstances for your trading misbehavior. There's not one of us traders who do not at times blame circumstances for not taking certain actions or sticking to our trading rules. The number of excuses are probably more than for students not doing their homework. You may even have a virtual dog who ate yours.
We all know, if we admit it, that we are at fault for not taking action and the resulting consequences, but we have a hard time admitting it to ourselves. We may shrug it off once, twice or more, but the consequences are much more damaging than we realize because the most comfortable excuses become habits. At that point, we start becoming numb to the feeling of guilt and therefore we have a harder time overcoming the behavior. It is the kind of habitual behavior which can take us out of this game very fast.
So, don't take time to realize your crime, and instead, whenever you find yourself making an excuse for a missed rule on your trading plan, ask yourself "Do you really want to hurt me?" because you are hurting yourself and nobody else the most.
Happy Trading, Living and Dancing Anni ©DayTrading with Anni 2012 All Rights Reserved
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