PSYCHOLOGY: THE SHIELD OF THE EGO ๐ก๏ธ๐ง
Overcoming the urge to be right at all costs
๐ DISCIPLINE ABOVE ALL:
The most costly mistake is clinging to a position. If your trade on
$SOL invalidates your scenario, exit!
The Ego says: 'It will rebound, I can't lose'.
The Shield says: 'My Stop Loss has been hit, I protect my capital for the next opportunity'.
๐ก Lesson from DrYo242: The best traders aren't those who win every time, but those who lose the least when they're wrong.
The Shield: Your bank account doesn't care about your certainties, it only cares about your results.
๐ก๏ธ
#DrYo242 : Your shield in volatility.
#mindset #RiskManagement