Do NOT Make the Same Mistake Three Times

Ideally, you won't make the same mistake two times.

But it happens.

So here's an idea.

Use that second occurrence as a trigger to INCREASE AWARENESS and FOCUS.

And make absolutely certain that you do NOT make the same mistake a third time.

Clearly there is something wrong with your execution or decision making. Make this a new short-term priority. Two times is enough. Do not accept a third.

And if you do get a third… banish yourself to the Sin Bin for a short while.

Let's drop down to the Trading Timeframe chart:

Reference: CPB Setup

That's now two mistakes.

It's time to get angry. Time to focus. Time to vow to NOT make the same mistake three times.

Reference: BOF and BPB Setups

Do NOT make the same mistake three times.

Use the second occurrence as a trigger to INCREASE AWARENESS and FOCUS.

And make absolutely certain that you do NOT make the same mistake a third time.

Happy trading,

Lance Beggs

 

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