I’m Suffering From a Little Trading Withdrawal

Written by Hugh, on March 18th, 2011

Don't do it! In a post earlier in the week, I vowed to stop trading live money until I get all of my debt paid off. It only makes sense, based on the fact that trading is such a mental game and I will never be able to trade up to my fullest potential until I get that gorilla off my back.

But not trading live is tough. I can’t tell you how many times I have been tempted to open my Oanda platform and actually start taking some trades.

It would be so easy. With just a few clicks of the mouse, I could get my fix.

But I haven’t done it. I’m sticking to the plan and have been working on a project to improve my trading and take care of my debt.

More on that later…

I have also been working on a plan of attack on the best way to start chipping away at it. I think that once I get the ball rolling, it will only start to get easier and easier.

Some people call it the debt snowball, the debt tsunami, the debt lowrider…whatever name you give it, the idea is the same. Just get the momentum going towards that goal and it may be easier than I think.

My backtesting has really improved too. I have been much more diligent in testing and recording my results.

In addition, the extra time and space in my head that I have gained by turning the live screens off has been very beneficial. I now have more time to plan and figure out what I have been doing wrong.

I’m going to call this new project “Operation Debt Bomb…destroy your debt before it destroys you!” I will reveal my first goal in my next post.

Until then, I hope you are trading well and have a great weekend!

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