Thanks for the comment, Clint.

What you’ve mentioned about letting the outcome of a prior trade impact our decision making for the current one is something all traders have to overcome to some degree. It’s something that sometimes comes easily and sometimes takes a bit more effort (or frustration), but eventually you will break through and won’t be bothered by the outcome of any single trade since you know it doesn’t really matter. All that matters is following your trading plan so that your trading edge gets a chance to play out over the longer term.

Put simply, those who struggle tend to care a lot about whether a trade wins or losses. Those who do this professionally just care if they executed their plan well, but the single trade outcome is unimportant. A good trade doesn’t always have to be a winning trade…

Yes, you make very good points here and you have picked up and pointed this issue out as part of my trading performance. I didn’t see it until you started talking to me about my charts. A good part of my bad trading days versus good trading days relate directly to this. I need to stop looking back at the previous trade and letting its outcome influence my next trade (good or bad). If I follow the trading plan and treat each trade, and its outcome, individually my trading results improve. For me its difficult to do as I bring with me a lot of trading baggage but its something Im working on now that you have pointed it out.

Great article and insight. I just wanted to say I agree with it and what you have discussed with me during the weekly reviews.

Cheers
Clint