I'm glad the cold business approach is working for you Shaun, but the cold reality for most traders is very different because we all try to personalize just about everything, from individual trades where we think the market is after us to random comments/posts/questions where we think everything could be a personal jibe and so on.ShaunWhite wrote: ↑Fri Jan 07, 2022 3:00 pmI think that comes down to self perception. If you see yourself as a gambler winging it then it stings, if you see yourself as a businessman then you're 100% ok with the idea that on days when nobody comes into the shop, you're still paying your overheads. What a gambler would call red days. And some days the only people coming in are ones that want a refund from money you thought you'd made yesterday! No big deal though if you're ok at the month end.jamesedwards wrote: ↑Wed Dec 29, 2021 5:44 pmSomeone on this very forum once said that the difference between a good and bad trader is how you handle a screen full of red.
The red screens, software subs, vps costs, biscuits blah blah blah are just the normal cost of doing business, so focus on making enough to cover them, and make a bit extra.
It is easier to distance yourself and think of it all as a business when you're not chasing prices around with the mouse yourself and don't have to go through the emotions on most markets. As exciting as trading sessions can be they can also be mentally taxing when not going fully as planned, so it's not a big surprise when banks get blown in a moment of madness as those moments have probably been building for a while.