Trading should be easy, but sometimes traders make it too complicated. I have been thinking about one of the principles of trading consistency mentioned in Trading in the Zone.
I completely accept the risk or I am willing to let go of the trade.
I was doing well last Monday, and Tuesday but somehow lost my focus as the week progressed. When I was focused, I put on a trade with a stop and let it work. I knew and accepted my risk. During Wednesday I got stopped out frequently and fear crept in again. The same thing happened on Thursday. By Friday I was a bit discouraged and I lost my ability to see any setups. When I got good trades I often exited earlier and missed out on the gains I would have if I followed my exit criteria.
I think in order for me to really gain consistency I will have to let go of my fear of losing money and let my trades work.
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