Great content! I love the 5th tip 'Predict the worst case scenario' , it actually helps me also manage my risk per trade and to think in probabilities. One can use it as a confidence checker.
Thank you Nicholas! Yes, predicting the worst case scenario goes against our overconfident bias & conviction that leads us to hope. That’s something we want to remove from each trade, and predicting a loss plus the amount of money you might lose is a great way to kill that hope.
Great content! I love the 5th tip 'Predict the worst case scenario' , it actually helps me also manage my risk per trade and to think in probabilities. One can use it as a confidence checker.
Thank you Nicholas! Yes, predicting the worst case scenario goes against our overconfident bias & conviction that leads us to hope. That’s something we want to remove from each trade, and predicting a loss plus the amount of money you might lose is a great way to kill that hope.