Trading Psychology
-
Don’t Gamble In The Finacial Markets
Gambling is betting on something you don't understand. Unconsciously you want to lose money for fun. It's as simple as that.
-
What to Do After Losing almost All the Money You’ve?
To create a real shortcut, you must invest enough hours researching all possible ways to succeed. That's enough hard work.
-
Plan your Trade & Trade your Plan
It's all about preparation. If you're unprepared, there is a low probability of your success as a trader.
-
Wait For The Signal
You can be sure "not" to lose money only by "not" trading. Once you're in the trade, chances are more that you'll lose if you're unprepared.
-
Check The Fuel Before Driving A Car
Take the trade only if you're willing to lose the capital at risk, plus charges and taxes. You're welcome to proceed if you can afford the chance; otherwise, let the opportunity go.
-
Save Yourself From Big Losses
Trade mindfully, and you'll make profits, but without risk management, there is no way to become a consistently successful trader.
-
Overtrading Is The Cause Of Your Losses.
It takes a lot of little and big profits to increase your equity curve, but one significant loss to eat away your entire account.