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Impulse Trading and How to Avoid It
Členem od Apr 25, 2020
115 příspěvků
Feb 17, 2021 at 07:12
There is no need to look for something complexity in something simple enough, you just need to be able to analyze and draw conclusions.
Členem od Jun 24, 2020
9 příspěvků
Mar 03, 2021 at 09:44
Kazile posted:
There is no need to look for something complexity in something simple enough, you just need to be able to analyze and draw conclusions.
When talking about complexity, I prefer fundamental analysis. Good and simple for someone like me who doesn't understand much about technical analysis, charts, and margin average.
Členem od Jun 03, 2020
15 příspěvků
Mar 04, 2021 at 05:25
Simply analyzing the economic, political, and social events that may or may not affect the currency prices of a country keeps me sorted to place my next trade. But yeah, without being modest, I do adopt a risk management strategy in case there’s a spike before the important changes.
Členem od Dec 02, 2020
12 příspěvků
Mar 04, 2021 at 08:17
Well weekly calendar suits me as of now. Filtering out the events depending on the expected market impact and then focusing on the currency pairs has helped me in demo trading.
Členem od Aug 26, 2020
76 příspěvků
Mar 06, 2021 at 12:26
Indeed, sometimes it is very difficult not to succumb to emotions, to make impulsive trading, and for this purpose create a trading plan.
Členem od Nov 03, 2020
63 příspěvků
Mar 11, 2021 at 20:13
I think if you learn not to give in to emotions, there will be no impulsive trading
Členem od Apr 04, 2019
2 příspěvků
Mar 11, 2021 at 23:24
(Upravené Mar 11, 2021 at 23:26)
if you learn that its impossible to control at 100% your emotions.
but yes if you train your head you can avoid for sure the impulsive trading
but yes if you train your head you can avoid for sure the impulsive trading
pedrovaleforextuga@
Členem od Apr 03, 2021
12 příspěvků
Apr 20, 2021 at 10:27
Thanks for sharing your knowledge here. It is indeed very important for a trader to not let their emotions get in the way of trading.
Členem od Dec 28, 2020
167 příspěvků
Apr 21, 2021 at 07:58
Make a well defined trading plan and follow it patiently. Never do revenge trading, it will lead you to more losses.
Členem od May 24, 2020
102 příspěvků
Apr 21, 2021 at 08:59
That's right, you don't need to let your emotions control you and allow you to make mistakes.
Členem od Jul 23, 2020
816 příspěvků
Sep 08, 2021 at 22:14
Demo practice is the best solution in my opinion.
Členem od Jul 23, 2020
696 příspěvků
Sep 08, 2021 at 22:44
Find your mistake and learn from it.
Členem od Aug 05, 2021
394 příspěvků
Sep 13, 2021 at 14:28
I think it’s crucial to have a trading plan and stick to it. You might get lucky with one or two impulse trades, but it will likely lead to a blown account very quickly if that is the only method you’re using.
Členem od Mar 28, 2021
586 příspěvků
Oct 03, 2021 at 05:30
Enough knowledge and discipline is the key to avoid impulsive trading. To open a trade, you should have enough reasons behind it. If you can't find enough reasons, don't open trade.
Členem od Sep 22, 2019
23 příspěvků
Nov 25, 2021 at 10:22
I believe that impulse trading should be prohibited, because it can easily lead to unpleasant consequences such as blowing of your deposit. In my opinion, people should stay calm while trading and never let emotions take over control your mind. It's teh worst mistake, however i understand that it's pretty difficult to struggle with such situations.
Nevertheless, if you will train and practice, you will understand that impulse trading will never lead you to success. Also, you have to forget about revenge trading, you shouldn't do it, because revenge trading guarantess that you can say goodby to your money.
Nevertheless, if you will train and practice, you will understand that impulse trading will never lead you to success. Also, you have to forget about revenge trading, you shouldn't do it, because revenge trading guarantess that you can say goodby to your money.
Členem od Mar 17, 2021
494 příspěvků
Nov 26, 2021 at 18:28
Akasuki posted:
Enough knowledge and discipline is the key to avoid impulsive trading. To open a trade, you should have enough reasons behind it. If you can't find enough reasons, don't open trade.
Yes. Proper knowledge and discipline is very much needed to survive in this market.
Členem od Jun 22, 2022
22 příspěvků
Jul 21, 2022 at 10:31
Impulsive trading happens mostly when we get carried away by our emotions and deviate from our original trading plan and strategy. It often leads to over-trading as well. Emotional control is very much needed to fight the urge to act upon sudden impulses. We must work on building trading discipline and strictly follow our plan while trading.
Členem od Jul 19, 2022
22 příspěvků
Aug 01, 2022 at 08:03
Impulsive trading goes against sound money management. Your trading strategy must be strictly followed, and you must maintain the highest level of composure and self-control.
Členem od Jul 06, 2022
23 příspěvků
Aug 01, 2022 at 10:08
From my experience, I clearly understood that emotions only interfere in trading. You always need to stick to a strategy to achieve success and do not hope for a quick result!
Patience and constant replenishment of your knowledge base is what really helps a trader.
Patience and constant replenishment of your knowledge base is what really helps a trader.
Členem od Jul 19, 2022
24 příspěvků
Aug 04, 2022 at 09:39
Impulsive trading can only be avoided by building discipline and following a professional approach while trading. Try to think if a professional trader would take up this trade when you see yourself giving into your urges and impulses while picking trades. You need to find a valid reason to justify your trading decision and control your emotions.
