Putting Value on Your Time and Money

How you place value on your time or money determines your trading style.

If you value your time more, you’re likely not sitting in front of a wall of monitors all day. It’s not worth your time.

If you value your money more, you may be holding on too tight and thinking that you have more control over your risk by sitting at a monitor. You don’t.

That’s the illusion of control.

Stop orders will get hit regardless of whether you’re watching them or not. Let your control issues go. Delegate your hyper vigilance to your stop orders.

Acting this way is a bad habit.

Find out what works and scale that.

Backtesting will get you a good idea of what has worked in the past.

If what you’re using is available to the general public, how do you think that adds to your trading edge? It doesn’t.