๐น Definition: A trader manages probabilities. A gambler follows emotions.๐น Example:
- Trader: After 3 losses, analyzes mistakes and adjusts.
- Gambler: After 3 losses, goes "all in" to recover.๐น Solution:โ
Know your trading style (Scalper, Swing Trader, Position Trader, etc.).โ
After a losing trade, wait at least 10 minutes before opening another one. Analyze why you lost.
Task: Review your last 3 trades. Were they based on a strategy or emotions?