A quick rundown of my perspective on analysis and also the execution side of trading, specifically money management and how emotions can impact your profitability more than you realise.
Hi Traders, FOMO is a VERY real thing and in this post, I wanted to share with you 5 key points that has helped me control my psychology around this throughout my trading journey. 1. Accept the market can go in any direction; Neutralize your mindset: The market changes very quick on any given basis and just when you think you have a perfect set up, it...
Hello everyone Today I want to talk about a very important topic in trading – emotions. Emotions accompany us in trading from beginning to end: when we open a position, while we hold and when we close. Our psychological state is constantly being tested. All this leads to constant mistakes and loss of money. But how to avoid all this? The main reason Think...
Revenge trading! It all catches us all out at some point in our trading journey's. The markets don't care about your loss and neither should you! Losses are a part of trading and have to be accepted. No one can be right 100% of the time regardless of method used. Revenge trading will add to those losses and compound that account draw down even more....
Hello Traders, today I would like to talk about the reality of trading with your emotions, this can be whether you are a swing trader or a day trader we are all human and get emotional but we must learn how to control them and not trade when you are unstable. Emotional instability The most common reason why people plummet to the end of their forex trading is...
I mentioned it on another day already, but this topic is very important so I decided to share it again to reach as much as possible. Hope it will help some! The last weeks it happend again, I saw some traders with less knowledge (young and old) who crashed their accounts very hard. They lost a lot of money and for some it was very dreadful! It is hard to watch...
Well, that is just a joke. Or not a joke? In every good joke, there's a sliver of truth... So many people blew their trading accounts in a blink of an idea chasing the profits, so many people went bankrupt practicing leverage trading... Do not be that guy in a picture. Be a true trader! Never forget about risk management and don't be greedy. Never let your...
The O’s in your trading game that have to go are shown drawn on the chart. The three O’s in the idea can all overlap one another and allowing one to creep in can lead to any of the other also creeping in to your trading. We have all suffered at some point in our trading journeys of these three phenomena. All of these O’s can lead to capital being impacted and...
Trading requires focus. It is crucial for traders to know exactly what to do to control their emotions while trading. It is also important to know when to accept a loss and move on. Here are 10 tips from the pros to manage your emotions while trading: 1) Manage your stops carefully. A cautious approach to stops and limits will keep you from making rash...
📌 Both optimism and pessimism is the worst thing to happen to a trader. ⚠️ Please do not believe in a chart or have a faith for that... 📍 Being realistic and trade based on reasonable facts is the best way of trading. Always make decision based on facts and DO NOT TRUST YOUR HEART NOT EVEN ONCE. ⚠️ Set your risk by considering your character; are you willing...
Morning traders. I started yesterday morning by posting an idea with the phrase below. 'Lets start the morning with everyone's favourite! Gold' Well I'm kinda doing the same again this morning but this time it so we can all have some more food for thought at the breakfast table instead! Now here me out, I have drawn the two graphs in this mornings idea on...
Most traders experience similar thoughts patterns and emotions on the charts. your psychology and your mind-set represent 70% of your trading performance. So smart thinking and discipline is more important than your strategy. That's why controlling it is what makes you profitable and successful. Range of emotions that can impact your trading: 1- Doubt: It comes...
INTELLECTUAL QUOTIENT The one we hear the most nonsense about and for 1 legit piece of info there are 500 TB of crap. People are super insecure about this. Even in investing circles, where individuals are at or above average, still insecure. Academics using Finnish data (because at 19-20 men have to pass an IQ test for the military) found that 25% top IQ (IQ >...
Hey all! Heres another video that can help you all get your trading on track! In this video we go over 4 ways to improve your trading, and overall become a better trader by focusing on, - Having a complete system - Managing your mindset - Trading less and focusing only on the good trades - learning from your losing trades If you enjoy the video and it helps...
When things are great, we feel that nothing can stop us. And when things go bad, we look to take drastic action. Because emotions can be such a threat to an investor's financial health, it is important to be aware of them. This awareness can then protect you from the negative consequences of impulsive and irrational reactions to these emotions. 1: Optimism,...
Plan for success but have no expectations... A lot of trading emotion comes from expectation. Traders expect the next trade to be a winner, they expect this month to be profitable, they expect the USD to become bearish, etc, etc. Having no expectations can really help to reduce trading emotions. Obviously, you should still stick with a strategy and do all you can...
Keep yourself busy between trades... Work, run a business, study or play video games. Being busy between trades will help to keep your mind occupied and your emotions focused on something else. As soon as emotion becomes involved in trading, everything will go pear-shaped.
Focus on the long-term. Calculate returns and review your trading performance once per quarter or once per year. Checking returns daily or weekly just becomes frustrating and leads to emotional trading. Trading is about getting rich slowly. Analysing performance on a daily or weekly basis is irrational and can be soul destroying.