Before entering any trade, you can take your journal and ask yourself some basic questions: How am I feeling mentally: am I able to make rational and non-emotional decisions right now? Does this fit into my trading personality and my risk tolerance? What strategy will this fit into? If this trade goes the wrong way, where is my stop? How much money am I risking in this trade, and what is the reward potential? Be in touch with the results of your decisions and constantly be reviewing your performance. Are you trading profitably? Have you had 5 wins in a row or have you had 5 losses in a row?
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