Here's how to stop overtrading and get rid of your trading addicition:🧵
Define a set of rules
The first key to stop overtrading is establishing a set of rules
Create a set of rules so you know when you SHOULD stop over-trading
It can be based on $ gain/loss or just the amount of trades taken
Either way, there needs to be a written list you can follow
Find a hobby
The second key is having a hobby.
Something you can do once you've stopped trading
It could be...
-Working out
-Doing chores
-Talking to a friend
-Writing
As long as you have SOMETHING you can do everyday after trading
It should help you out
Mine with the BTI signals is after 3 consecutive intraday losses, I stop for the session (morning or afternoon) and head to working out, walking, doing anything else other than trading
I would also suggest getting a trading buddy
A trading buddy is simply another trader (or non-trader) that you can talk to throughout the trading day
Not to talk about trades, but more as a mental coach
Someone who you can text when you're feeling emotional
And they will tell you to get off the computer
Sometimes we just need to hear it from someone else to actually execute
I'll be happy to be your trading buddy if you subscribe - actually I'm the trading coach of the whole BTI community
Lastly, I would recommend turning off the screens.
Like literally shutting your computer/monitor off and walking away
You need to PHYSICALLY set yourself apart from the trading scene
Doing this will allow your brain to think about doing something else, rather than trading
Conclusion
To summarize:
Have a set of trading rules
Have a hobby
Find a trading buddy
Physically constrain yourself