Aha moment psychology3/11/2023 ![]() ![]() And you've played so many rounds at the smaller levels that you can afford to lose 3+ games and it doesn't hurt. Your strategy is good, your balls are upgraded and you know where to throw them. But if you stick to the easier levels and play them over and over and get really good at them, THEN get into the harder levels you end up winning more consistently. If you rush into those harder levels, even though you CAN, if you lose two games in a row and you're down 3/4 your cash. You get it.Īs you get higher in those levels the pots get larger and the players you're going up against have better balls. You can change the lineups, increase the power levels. The easy levels you pass through fairly quickly and eventually you gain access to more difficult levels. And for each round you bet a certain amount of coins, as does the other player and winner gets the pot. It was this bowling game and there are different levels to progress through, like all games. I trade very passively but I had a similar moment to this playing a game on my phone a few years ago. I think back about where my account would be if I had just decided to be more cautious and grow it slowly. I also came to the realization that I would rather grow my account slowly than to try and be aggressive and a year from now I still have nothing to show for except blown accounts. Now if I had that same mindset towards this, think what my account would be like in 2.5 years. But I also thought back about what my own life was like just 2 and half years ago and how much that had changed. ![]() Just 2-3% a day for 250 days or even less. I also realized my account could be like in just a year from doing that. Or 10% at 25% is only 2.5%, which you can make back in like one good trade. So a 5% loss at 25% is only 1.25% of your port. I do about 5%-10% of my portfolio per position with pretty tight stops around 20-25% loss. I know that might sound absolutely insane to some stock share traders like “2-3% a day is fucking outrageously high”. Then I finally realized that I can make grow it by 2-3% a day. Was doing well for about 1 month and then just crash and burned. I initially tried to grow my account by 10% a day. Then I finally came to realize the potential of growing your account size a little bit at a time and using my own life changes to make me realize that. It’s not uncommon for new traders to instantly get hooked and see the potential of options without also realizing the danger of it. Whether it’s FOMO or chasing or bad risk management.Īs someone whose been trading for a few years and only about 6 months ago started becoming more consistent as I’ve blown several accounts, I finally came to an aha moment. And how often times we blow up our accounts due to our own psychology. They all talk a lot about psychology in the market. ![]()
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