The Importance of Managing Yourself

A good trader is a great risk manager. And managing yourself is perhaps the greatest form of risk management. If you feel like you're about to make a mistake, like you were about to do something dumb, you need to stop yourself. So it is okay to say, hey, I'm gonna get away from the charts, I'm taking a day off. You may miss a winning trade. But what you probably did, more likely,you stopped yourself from doing something stupid.