On the start of my trading career I failed so many times, losed so much money and not because of my analysis, strategy or entry points.... but because of my EMOTIONS. I was an emotional trader , somedays this monster still come and take a peak at me but well I have defeated him so here is how to do it....
DEVELOP A SOLID TRADING PLAN.
clear strategy: Outline entry, exit, and risk management rules. This provides a sense of control and reduces emotional reactions.
Risk tolerance: Define how much you 're willing to lose on each trade, ensuring that losses dont harm your overall capital.
Set Realistic Goals: Focus on achievable targets rather than high risk high reward bets. this is not a get rich quick scheme so never think you are going to be a millionaire in a month...
PRACTICE PATIANCE AND DISCIPLINE stick to your plan; avoid chasing the market... wait for your set up to come into play. Patience is key in trading , overtrading or chasing trades due to impatience often leads to mistakes which leads to losses.
FOCUS ON PROCESS ,NOT PROFITS Measure success by execution; focus on executing your plan properly, regardless of the outcome. profits will follow if your process is solid
STAY DETACHED FROM MONEY; rather than looking at how much profits you will be gaining, view each trade as a success of your plan and % of your capital. reducing emotional attachment to dollar helps so you are never greedy even when in profit.
[/bMANAGE RISK PER TRADE
position sizing; use small positions sizes to avoid large emotional reactions to market movements stoploss order; setting stop loss levels in advance helps take the emotion out of closing trades at a loss
LEARN FROM MISTAKES WITHOUT SELF-CRITICISM Reflect on trades; evaluate both successful trades and failed trades to understand why they failed and your emotional response to those failures or success
avoid overthinking losses: losses are part of the game, learning to accept them and learning from the losses without self-blame keeps your emotions in check
REGULARY REVIEW AND ADJUST
KEEP A TRADING JOURNAL ,RECORD YOUR EMOTIONS,WHY YOU TOOK THE TRADE AND WHY, WHAT WAS THE OUTCOME OF THE TRADE?
ONCE you establish these habits, trading will get better.. I wish you guys good luck and lets make profit
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.