Are you prone to overtrading?

Most money is lost not by losing trades, but by entering trades that you should never even be in. Normally this is caused by impulse trading, not following your plan, or having a routine

The easiest way to fix this is by putting simple barriers between you and the ability to trade

First: this is simple. Delete your exchange mobile app. Zero reasons to have it. Trading on a phone is amateur

Second: have a predetermined setup. What screens do you need open to trade, and which data/ websites are part of your setup? Make it so that you don’t feel comfortable entering a trade without being in your correct trading environment

If I’m day trading or scalping, I need several screens open (you don’t need to have several screens, just an example). I want multiple timeframes open on TradingView, the order books/ tape open, and a news feed such as Twitter open for breaking news. This means if I’m not at my trading station at home, I can’t scalp or day trade

Btw: If you do want multiple screens on a budget, there are good cheap 15” monitors on Amazon for $100-150 to give you a simple 2-screen setup

Start to become professional in small things in order to be a professional in big things.

Do you understand?

Franco