Internalization of the Trade

 Trading takes practice. End of story. I was talking to my psychologist again this morning and I was explaining that I was playing by my rules and it miraculously works out.  I took a few Losses this morning and then a W that covered it all and some. This is more or less the new norm. In the past. I would have my "stop" very far away or didn't have a stop set in stone at all (hence the quotes). So I wasn't willing to take a loss and I would double down and and maybe make some in the end if the price moved back a little in my direction and I hit out. Otherwise I would take a huge loss eventually. Back to the conversation - my psychologist knows I need to play my rules. I've explained that If I would just be stopped out and try again, more often than not, I would make more and the losses would be less. It still feels weird to me - let's be honest, I don't like taking losses. But, every time I take a loss that is small and in line with my plan, I am working on doing the right thing.  This is what practice is all about. After you do it enough, it becomes internalized. That is it's a habit. I also think that it is more like a hard habit that you really understand and execute on. That is to say that for a long time I could say that taking small losses would be advantageous but I didn't do it. So I had the knowledge but there was a lack of trust and execution of this knowledge. Long story short, a big enough loss makes you rethink and act on some of those things that may seem difficult but should hypothetically work - i.e. taking losses quicker.  As it turns out those things you think you should be doing, those things that you've read and heard you should be doing, are REALLY what you should be doing! Practice and internalize what works. Cheers!

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