Stick to your trading rules to avoid impulsive decisions from "summary" of Mastering Trading Psychology by Mike Baehr,Andrew Aziz
One of the key principles in successful trading is the importance of sticking to your predefined trading rules. These rules are not arbitrary; they are carefully crafted based on your trading strategy, risk tolerance, and financial goals. When you deviate from these rules, you are essentially making impulsive decisions that are not rooted in logic or strategy. Impulsive decisions are often driven by emotions such as fear, greed, or the need to be right. These emotions can cloud your judgment and lead you to make irrational choices that can have detrimental effects on your trading performance. By adhering to your trading rules, you are able to bypass these emotional triggers and make decisions based on a logical an...
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