Trading Proverb #12, Trade Manager

Trading Proverb #12. Trade Managers pull triggers and dump losers.

Do you suffer from hesitating to pull the trigger on trades? Do you hope losing trades will turn to your favor and so you hang on longer than you should?

I read something that made me think of a method that could help you overcome these issues.

What if instead of calling yourself a trader, you called yourself a Trade Manager? This would mean that you manage trades. Therefore, there must be an active trade or you do not have a job to do. Right? So, you must pull the trigger on a trade, or else you cannot manage it. Once the trade is open and you are managing it, then if it shows signs of not performing, you manage it by closing it. If it makes profit, you manage it by closing it for the profit.

Trading is a business right? You are your own boss, so you are the Manager, yes? Technically, you really are managing trades, so why not give yourself the title of Trade Manager? No, not trading manager...TRADE MANAGER. You manage trades as only YOU can do.

Remember, if there is no trade, then you have no job since your job is to manage trades. I hope this makes sense, and maybe the new title can motivate you to open and close trades with more clarity and purpose. Hey, are you still reading? Get to managing!