Unmade decisions are the anchors weighing you down in the sea of your mind, you can not afford to bring these anchors into the charts.
Unsolved or indecisive thoughts can act as burdens that hinder your mental clarity and decision making abilities. In the context of trading, carrying these unsolved thoughts into the analysis of financial market charts can negatively impact your ability to make effective decisions.
To succeed in trading, it is important to let go of these mental anchors and approach the charts with a clear and focused mindset. Typically, mental anchors tend to be thoughts relating to whether a trade should have been executed upon or not or whether a running trade should have been closed earlier or not (either to reduce the amount of risk that was lost in the case of a losing trade or to maximize the amount of profit in the instance of a successful trade).
However it is crucial to acknowledge that thoughts pertaining to other areas of your life outside of trading can also have an impact towards your mental clarity and decision making capabilities within the charts.
Consequently, you must make proactive effort to cultivate a mindset that over time becomes minimally affected by events and outcomes inside and outside of the stock markets. Be at peace and acceptance with the past in order to think clearly and act effectively in the present.
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