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As day traders every day brings a new set of circumstances. In this day’s trading action, I got off to a great start. However, the key word there is “start”, not “finish”. While the stock market does provide the same patterns over and over, there is no guarantee when those patterns will, exactly, repeat themselves. These kinds of days can be very frustrating where you start off strong only to have things go not according to plan. We need to be aware of our mental state during these periods to ensure we don’t completely lose our minds and do something stupid. Everyone always says you need to be “disciplined” as a trader, which is true, but in many ways that’s simply a sound bite. If you want to see an real life example of a situation which can prompt us to become undisciplined, then watch the video! When days like this happen to me, I can feel myself creeping into some very shaky territory. Do I fall into the temptations and do something stupid? Am I able to remain disciplined? Let’s see what happens…
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