We began our ‘Trading Psychology and Emotional Discipline’ series with this article.
The ‘Trading Psychology and Emotional Discipline’ playlist on YouTube can be found here.
We continue, from our last post on this topic that you can find here.
And so as of late within this series, we have been discussing trading strategies. Trading processes. So let’s continue that conversation. Specifically … what occurs when you are working a process, you work through about 3 trades, and then …
You encounter draw-down. A loss. And then a second loss. And more losses, while using such a strategy.
A psychological phenomenon occurs with new traders so often that a few years ago, I gave this phenomenon a name.