Personal Responsibility in Stock Trading

To have the right mind for stock trading, to me, is very important. In my previous post on Trading Psychology, I discuss about the facts that you need to fully understand about stock trading.

Apart from that, there is another part of trading psychology that is equally essential: Personal Responsibility.

One of my trading rules is that YOU are responsible to every trade you make. YOU are the most important factor in your trades. Even though you have a superb METHOD, YOU are the one applying it. YOU are also the one exercising your positing sizing (MONEY).

So start telling your self this:

" YOU are RESPONSIBLE to every trade you make. No Regret." 

When you accept that you are responsible to all you trades, you can fix your mistakes and problems that causes you loss money in trading. No more excuses like "My system sucks" or "The loss is because of the market", etc. When you come up with this excuses, you do not fix the problem and you will repeat the problem in the future.

When you start accepting the mistakes are caused by you, you will try harder to look at the problem and solve it.

Think about it.