Do you trade too much? You’re not alone. Many traders overtrade—especially when using fast platforms like Tradovate or Interactive Brokers. But automated trading can help fix this. In this post, you’ll learn five powerful tips to stop overtrading and trade more effectively with automation tools.
If you’re using automated trading platforms with Tradovate like PickMyTrade or TradersPost, here are five proven ways to avoid overtrading and regain control of your strategy.
1. Set Daily Trading Limits with Automated Rules
If you use Tradovate login daily, you must define your stop line.
✅ Daily Loss Limit: Decide how much you’re willing to lose in a day (e.g., 1% of account).
✅ Daily Profit Target: Set realistic goals. Don’t chase more after reaching it.
✅ Discipline > Emotion: Once your goal is hit, close your session—even if the markets look juicy.
Use Tradovate’s built-in risk tools or connect to Pick My Trade to enforce these rules automatically.
2. Avoid Chasing Missed Trades – Let Your Bot Wait for Setups
Using fast execution platforms like NinjaTrader or Topstep can tempt you to jump into late moves. Don’t.
🚫 Chasing leads to FOMO-fueled losses.
✅ Missed a move? Wait. More setups will come.
🧠 Smart traders stay calm. Amateurs chase shadows.
Stick to your edge. Let your automated trading strategy handle execution while you focus on clean setups.
3. Use Automated Trading Platforms Like PickMyTrade
Overtrading is often emotional. The solution? Remove the emotion.
🔁 Use PickMyTrade to automate entries, exits, and risk controls.
🔔 Set alerts in TradingView and trigger trades automatically on Tradovate or other Brokers.
🛡️ Use pre-set stop losses to limit damage—automatically.
Automation helps you stay consistent, even if your mood doesn’t.
4. Trade Only at Specific Times Using Automation
Overtraders often sit at screens all day. Instead, schedule your trades.
🕐 Trade 1–2 sessions per day (e.g., US Open or London session).
📈 Focus only on setups during those hours.
🛑 Outside those hours? Walk away. No screen = no impulse trades.
Time-blocking keeps your mind fresh and reduces burnout.
5. Keep a Journal to Monitor Automated vs. Manual Trades
Overtrading is usually a blind habit. Writing every trade down will expose the pattern.
🖊️ Log your reason for entry, result, emotion, and time of trade.
📉 Spot overtrading by reviewing trades taken outside your strategy.
📆 Use tools like Notion, Google Sheets, or journal templates.
Accountability = control. And control kills overtrading.
Final Thoughts: Trade Less, Profit More
Whether you use Tradovate, Topstep, or Interactive Brokers, the message is the same:
🚫 Stop chasing.
⚙️ Automate wisely.
📊 Stay disciplined.
Overtrading is the #1 silent killer of accounts. Apply these tips and let your strategy—not your emotions—lead your trading journey.
Also Checkout: Automate TradingView Indicators with Tradovate Using PickMyTrade
