5-Minute Futures: How to stop emotional trading (3 steps)
Words I like: You don't need more willpower, you need systems that make discipline easy. After digging through 5+ years of track records I discovered 3 common factors that made up 90% of my trading losses I was either: 1. Trading without a system 2. Stressed about bills 3. Or under-slept At my lowest point in 2022, I trading 40 hours a week by hand. And I was losing money (-$5k to -$10k a day) My hair was falling out, and I was stressed out of my mind So to solve this, I made the firm commitment to: - Only trade with emotionless algorithms. - Fix my sleep schedule so that I can make better decisions. Now I spend 5 mins a day checking in on the algos. And I don't stare at charts or trade by hand anymore. The performance flipped 180 degrees. So if I had to start trading from ground zero I would: - Trade systematically (no more manual trading) - Have another source of income - Get 7+ hours of sleep at night How to fix your sleep: - Turn the temp down to 65 degrees F at night - Keep screens out of the bedroom - Pitch black room - Go to bed by 10PM - Get sunlight in the morning Resources: - Matt Walker PHD - Mike Israetel PHD - Bryan Johnson Biohacker As promised, money in under 5 minutes. Keep crushing, Kevin