Day of the Month

 Something that I struggle with is forgetting past trades or really my standing for the week/month.  I don't think that knowing is inherently bad, but I think it can affect how you trade. Here's the example - I'm up Xk for the month, there's only 3 days left in the week/month, and so I can either decide to take it easy and not trade much, or I can think, hey you're up quite a bit, maybe risk a little more than usual the next few days, "you've got room to wiggle."  ALL of these, I believe, are the wrong approach.  The problem is, we shouldn't be worrying about trading less or taking unnecessary risk - especially if everything is going well. What should be happening is thinking about each trade in a trade to trade fashion. One trade should not have a role in the next trade that we take. They are separate. I think this goes for your weeks trading or your months trading - it shouldn't really play a role in how you trade for the most part.  If you are doing good overall maybe size up - if you are trading poorly in general, then size down, maybe stop trading and realign with the markets. I think all of this is just to remind myself with method/strategy and edge that is making you money, just stick to it - don't worry about money if it's working - stick to your rules. I just bring this up because a new month started and I always feel like I'm starting from 0 on each month so I feel anxious and want to start with smaller size and earn a little at a time and make myself some room for error. BUT all of this is not needed. My setups have edge. Using stops and following all rules probabilistically will make money in the long term so there is no need to really mix things up unless something changes. Then you would adapt. Day of the week or month should not matter. That is my message to me (and anyone else). Cheers!

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