I've been in the trading game for quite some time now, and I've definitely had my fair share of experiences, including realizing that I was over trading at one point. Let me share that personal story with you.
A while back, I got a bit too caught up in the excitement of the market. I was on a winning streak, and it felt like I couldn't lose. That's when I made the mistake of over trading. I started taking positions left and right, without proper analysis or planning. It was all adrenaline and impulsive decisions.
At first, it seemed like I was invincible, but slowly and steadily, things started going south. I was constantly glued to my screen, anxious about every tick in the market. It was exhausting, both mentally and emotionally. And the worst part was that my account balance was taking a hit.
It took me a while to step back and realise what I was doing. I was trading for the sake of trading, not because I had a well-thought-out strategy. It was like I was chasing the feeling of winning rather than making rational choices.
So, I decided to take a break and reevaluate my approach. I cut down on my trading frequency and focused on refining my strategy. I also started keeping a trading journal to track my emotions and decisions. It helped me see the patterns in my behaviour and learn from my mistakes.
Over time, I managed to get back on track and regain my confidence as a trader. The lesson I learned was invaluable: trading isn't about constant action; it's about making smart, calculated moves based on a solid plan.
So, if you ever find yourself over trading, remember that it happens to the best of us. Take a step back, reassess, and come back stronger. It's all part of the learning curve in the world of trading.