The Trader's desk - Complacency
Every losing trade begins long before the stop loss is hit. It begins with an emotional shift—from confidence to complacency, from hope to disbelief. Recognising this cycle is the first step towards breaking it. Trader's desk - pitfalls The most discussed trading pitfalls are overtrading and revenge trading. Lack of discipline in position sizing, abandoning a strategy, and failing to follow a defined process are equally common. During my trading journey, however, one pitfall I encountered repeatedly was complacency. Complacency isnt caused by successful trades. Complacency sets in when we relax risk management. Allow me to elaborate. Success Picture having a string of successful trades and/or trading days. Some scalps, some swings...overall successful. Profits are up, cash is positive and overall confidence is high. Confidence Another trade is placed, fuelled by a growing belief that the market will behave exactly as expected. The stoploss is: either widened or not placed (naked p...