psychological biases affecting trading
I have been trading for quite some time. No problem happening, I generally read the day very well.
I detect I have some prejudice... if the day is easy and my profit is reasonable or small I don't want to spend the risk to lose it. I do not although I should make a killing. I really don't trade or simply small, taking very fast profits although I know I must let it operate.
On the other hand, once the day is hard, I shed some, I want to make up for it. Start. . .and bigger.
It's ridiculous, my motivation seems to be to deal with (instead of get out of) a tricky position instead of just picking the low hanging fruit.
Can anybody recommend some exercises, some ritual to combat this?
Thanks,
Ivo