Are You a Trader or a Gambler?
πΉ Definition: A trader manages probabilities. A gambler follows emotions.πΉ Example: - Trader: After 3 losses, analyzes mistakes and adjusts. - Gambler: After 3 losses, goes "all in" to recover.πΉ Solution:β
Know your trading style (Scalper, Swing Trader, Position Trader, etc.).β
After a losing trade, wait at least 10 minutes before opening another one. Analyze why you lost. Task: Review your last 3 trades. Were they based on a strategy or emotions?