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The biggest mistakes usually happen in the waiting
Jumped the gun on your entry?
-immediate pressure on your position
-price reaches your original entry point
-you cut out of fear
-fail to re-enter where you planned
Jumped the gun on your exit?
-watched green PnL, started to panic when the price moved sideways, exited
-watched red PnL, started to panic when the price moved against you, exited
-both went on to hit your original target
Once you break it down, the root cause isn't just patience
-it's sizing too large
-it's trading your PnL
Even though PnL screenshots are everywhere and seem cool. They're why most traders struggle and eventually blow up
Focusing on process based goals rather than PnL goals reduces the strain on your trading mentally. The PnL takes care of itself if you follow your plan utilising risk management
Don't let what you see on the timeline interfere with your own journey
-we all have different risk tolerances
-we all have different life circumstances
-nobody is the same, so stop looking for the magic trader to follow
-focus on yourself and take responsibility
-stick to your own plan, irrespective of what anyone else says