togr posted:FinanSquare posted:
Hi every one!
When trying to solve a problem the first step is to identify the problem, then search the cause, and finally the solution…
I will like to identify the most common problems that traders are having day in day out, please take a few minutes to think:
-what are the things that make me feel emotional pain or frustration in my trading?
-what are the benefits (mental emotional and $$$!) you expect from a good system or strategy?
Please, share your problem and what you think that could be a good solution, or what you did to solve your personal problem.
Thanks!
The only problem of traders is when they abandon trading plan and follow their feelings, emotions, greed, fear or whatever.
If you follow trading plan all problems are reduced to just one. Is my trading plan the good one?
The worst thing a trader can do is to replace their trading plan or end up abandoning it altogether.
Feb 28 2017 at 11:47
There’s nothing wrong with replacing a trading plan with a better one, but editing it mid-trading is a poor idea.
mlawson71 posted:
There’s nothing wrong with replacing a trading plan with a better one, but editing it mid-trading is a poor idea.
I think there is a problem, that is, the trader must devise a plan that is profitable for him and that brings benefits, apply it in a certain period of time and start to see benefits, then you can continue with the same plan AND start new business As 'new plans'. It is assumed that if you devote time and study in the preparation of a plan will be applied, it is your project work and trade.
You can not be a thing today and project yourself in a totally different way the following week. It is not stable!
nivkyy posted:togr posted:FinanSquare posted:
Hi every one!
When trying to solve a problem the first step is to identify the problem, then search the cause, and finally the solution…
I will like to identify the most common problems that traders are having day in day out, please take a few minutes to think:
-what are the things that make me feel emotional pain or frustration in my trading?
-what are the benefits (mental emotional and $$$!) you expect from a good system or strategy?
Please, share your problem and what you think that could be a good solution, or what you did to solve your personal problem.
Thanks!
The only problem of traders is when they abandon trading plan and follow their feelings, emotions, greed, fear or whatever.
If you follow trading plan all problems are reduced to just one. Is my trading plan the good one?
The worst thing a trader can do is to replace their trading plan or end up abandoning it altogether.
Of course, I agree with you.
Every trader encounters various types of emotions, afraid that they find their expression daily in the markets and often contribute to trade losses unless appropriately unmanaged, they always think of:
Fear of failure
The fear of losing profits
Fear of perdition of everything.
Raise capital. Have any ideas?
Mar 01 2017 at 11:13
lee42747 posted:
I think one of the biggest pains comes when you put enough time and efforts to analyse the market and then the price goes in unexpected direction. It's a game of forecasts and this creates uncertainty.
Yes absolutely correct. But this is so usual that movement of market is not certain and forecasts are always uncertain. Emotional pain and the psychology of the trader here come into play and destroy the trading pattern. The only way out is controlling one’s own emotions, although it is really difficult but other than that there is no way out. It’s better to kill your emotions while trading before they kill your trades.
Failing to plan is planning to fail. This is so true for forex trading.
Emotional trading is one big problem faced by traders. trading is not all about good trading systems and good strategies; emotional management also contributes to one’s success or failure in forex.
Emotional trading is one big problem faced by traders. trading is not all about good trading systems and good strategies; emotional management also contributes to one’s success or failure in forex.
Mar 03 2017 at 12:43
darrengreg posted:
Failing to plan is planning to fail. This is so true for forex trading.
Emotional trading is one big problem faced by traders. trading is not all about good trading systems and good strategies; emotional management also contributes to one’s success or failure in forex.
True. Take revenge trading, for example. Yes, you've lost money, and now you're trying to recoup your losses at any cost, regardless of the current situation on the market. It's a recipe for disaster.
Mar 03 2017 at 15:07
mlawson71 posted:darrengreg posted:
Failing to plan is planning to fail. This is so true for forex trading.
Emotional trading is one big problem faced by traders. trading is not all about good trading systems and good strategies; emotional management also contributes to one’s success or failure in forex.
True. Take revenge trading, for example. Yes, you've lost money, and now you're trying to recoup your losses at any cost, regardless of the current situation on the market. It's a recipe for disaster.
Yeah. Failing to prepare is preparing to fail...
You can be lucky for short period, even double your account without trading plan, but when your luck disappear...
