You can’t win if you’re just trying to break even.
When day trading, have you ever taken profits sooner than you should because it made up for your losses the previous day? Have you ever increased your position size or the amount of risk you take on “temporarily” just to get back to zero? Yeah? Me too.
What is Break Even Mentality?
Break Even mentality is that itch in the back of your brain that tells you “If you can just break even on this trade, then you’re back at zero. It’s a fresh start.” It could cause you to exit a trade [...]
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