Forex Perfection? No thanks…
A lot of us are perfectionists, some of us are forex perfectionists – yep, probably fall into that category myself.
And where does our perfectionism get us? – we tend to be the ones slow into a trend. We don’t lose so often, we don’t get close to maximizing our trades.
So what to do?
There’s no point in going wild and completely throwing away all the caution that has kept us in the game up to now, that would be even sillier. It’s not simply a matter of a bit more courage and everything comes right – I’d rather have a bit of discipline than courage any day.
Even though we don’t have that many losing trades, we have to recognise this – not every trade will be a winning trade.
Nobody maxes every trade to 100% of its potential – so that’s ok.
Cut down on the indicators – we may well have locked ourselves down to a system, and run through a long, too long checklist of indicators before we take the plunge – forex analysis paralysis.
Trust your experience a bit more here – not too many indicators and not too many charts either…
You don’t break these habits overnight – it comes with time, and you will find the balance, perhaps without even noticing. And having said all this I’d still always go for perfectionism as opposed to gambler every time.
