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Why are We Afraid to Take a Day Off - Trader Behavior

Posted by TopstepTrader on September 08, 2017

Whether we are in the midst of a drawdown or a winning streak, sometimes the best thing we can do is take a day off. Senior Performance Coach John Hoagland knows that first hand. When he was trading on the floor and in the middle of a 30+ day winning streak, his trading psychologist had one simple recommendation: don't trade for a day. 

Yet as traders, when the market is open, we want to trade. As TopstepTrader's CVO and founder Michael Patak and John Hoagland discuss in this video, that can lead us to make costly mistakes. The solution to enhancing performance can sometimes be sitting on your hands. 

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Topics: Market Updates, Trader Behavior