Impulse Trading and How to Avoid It
Mar 03, 2021 at 09:44
Kazile posted: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.
There is no need to look for something complexity in something simple enough, you just need to be able to analyze and draw conclusions.
Miembro desde Jun 03, 2020
posts 30
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.
Miembro desde Nov 03, 2020
posts 65
Mar 11, 2021 at 20:13
I think if you learn not to give in to emotions, there will be no impulsive trading
Miembro desde Apr 03, 2021
posts 12
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.
Miembro desde Jul 23, 2020
posts 869
Sep 08, 2021 at 22:14
Demo practice is the best solution in my opinion.
Miembro desde Jul 23, 2020
posts 759
Sep 08, 2021 at 22:44
Find your mistake and learn from it.
Miembro desde Aug 05, 2021
posts 401
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.
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.
Miembro desde Mar 17, 2021
posts 536
Nov 26, 2021 at 18:28
Akasuki posted:Yes. Proper knowledge and discipline is very much needed to survive in this market.
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.
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.
Miembro desde Jul 06, 2022
posts 24
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.
Miembro desde Jul 19, 2022
posts 24
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.
