I start giving money back if I start trading after 12pm. I'm realizing once I make my best trades early morning. I should stop, but when you have more money to trade with it's so tempting especially if you're really trying to still grow your account to that magic number.

I’ve found at the end of the day, most issues come down to poor trust in self which causes psychological and emotional incompetence. The cure is actually simple: stick to your WORD. This is true in the Bible. All we have is our word. When you say the slightest of things but don’t do it, your subconsciously creating an individual in yourself you don’t even trust? Then you wonder why you’re overtrading even though you said you would do abc. Stick to your WORD.

Isn't 'overtrading' just reaching further and further down the 'trade quality playbook' hierarchy from 'great' to 'poor', to our detriment?

Thank you for spending the time to prepare, present, and upload this content to us trading wannabes on KZfaq. Your videos are becoming one my most valuable trading tools. I have quotes from multiple presenters running through my head throughout the day and week. Here’s three that have become permanently ingrained. One is Mike saying if you don’t have a trading plan, he can’t take you seriously. A second was the exponential scaling when appropriate. And third was teaching that to become a better trader you must stop, right now, doing that one thing you know is holding you back. And then this, among others, presenting honest behavioral challenges and then offering solutions that traders struggle with every day. Thanks SMB channel

I was a loser trader after watched many times Lance every episode and learned precious lesson I trade for 30 days without a single losing day. Thank very much Lance

This should be heard once per week, at least.

Probably wasted 400k over the years overtrading

Leave it to Lance to summarize and address this huge issue in such a complete, short, and succinct way. Amazing stuff as always. Thanks!

It is the psychological part that separates a consistent profitable trader and a losing trader

Thank you Lance! 3 years in full time commons/options trader and dealing with these issues heavily still. My A+ plans are playing out as i planned, but my execution on borh entry and exits are emotion based. Aware of it but hard to rectify. As a software architect/AI developer you'd think this would be easy. It's 99% mental. It's like that scene in Neverending Story where Atreyu looks in the mirror at the oracle.

Overtrading can be defined as:

I could listen to Lance all day. It always amazes me how much you have to say about a topic and how great of a teacher you are.

I can feel everything mentioned here in my bones. I've written all these but I could never present it so smooth and coherent. Bravo guys.

Absolutely loved this, especially the possible solutions presented. A LOT of people state the problems traders face but very few give immediately actionable solutions!

Man, sometimes you post EXACTLY what I need to hear.

Great subject. Many layers to this. Daily stop loss, give back rules, previous red day loss, 3 Red trades in a row step away for 30 mins. Focus on A+ setups when overtrading creaps in ..I do have a Overall temp in my DRC but going to add a better assessment of Emmotional Equilibrium. There are days when I haven't had much sleep, etc and as part of my DRC premarket game plan I write out keep it slow until I can assess my capability that day.. Great vid!

Thanks Lance and SMB. Another well-conceived, timely and enormously helpful video.

Great video Lance. I scalp the ES and with 12 years in now I know what price action I like and I know what I don't like. Today Monday I took one scalp and shut down about noon. Didn't like this type of action. Last Friday, the big bear day, that's my wheelhouse and so I hit that day hard. Once you get enough experience you know what you are good at and what you are not and you realize its O.K. to stop early or pass days you don't like. So I kind of look at overtrading like this, "Did I take too many trades given the price action that day".

Thank you for making this clear to understand. overtrading has been the death of my P&L

Really insightful ! For me over trading is also due to not saying no to poor set ups because there is not enough A+ set ups I was able to identify and say yes to …so I end up making less than ideal choices