Two traders with the same strategy can get opposite results. The difference is usually what happens between their ears.
The usual suspects
- Fear: closing winners early, skipping good setups.
- Greed: moving targets, adding size without a plan.
- FOMO: chasing moves that already happened.
- Revenge trading: jumping back in to "win it back".
- Overconfidence: after a winning streak, size creeps up.
Habits that help
- Judge yourself on following the process, not single results.
- Use a pre-trade checklist. Any box empty? No trade.
- Hard limits: daily loss stop and max trades per day.
- Risk an amount that lets you sleep.
- Walk away after a big win or a big loss.
Wick says
The market doesn't know you exist. It's not personal. Taking it personally is how revenge trades are born.
Key takeaways
- Most mistakes are emotional, not technical.
- Process over outcome.
- Limits protect you from your worst self.