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Hard caps force scarcity mindset, preventing waste of trades on low-quality setups.

From Why You Overtrade (It's Not Discipline) · jumps to 11:50 · speech

▶ Open at 11:50 on YouTube
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And what that does is it forces you to think in a scarcity mindset. If you say, okay, I can only take 5 trades this entire week because there's 5 trading days and there's potentially my edge present every New York open, just for argument's sake. Okay, great. If you're 3 days into the week and you've taken 3 trades already and you say, well, maybe I'm going to take this other trade, but it's like a B trade or a C trade. You got to remember, I only have 5 total bullets. What happens if an A plus trade shows up on Friday, but I've already used my 5 trades for the week up? It makes you really, really careful with those bullets, that scarcity mindset saying, okay, I don't want to take a bad trade because that might prevent me from taking the good trade later on.
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