You have great new trading idea
Wake up EXCITED to try it
Get your ass handed to you
Rinse and repeat
We think a lot of traders follow this cycle until they give up. What’s the lesson here? If you are “excited” about trying out a new theory in trading you have just broken every rule in the book! First off, you want to trade confident not excited. The confidence comes from stress of the testing and documenting your strategy and not from feeling excited that you just cracked the code of trading.
If you wake up excited to try something new please stop and stop treating trading as a game. It can only end in the destruction of your account.