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Steps to Mental Success in Trading
Anggota Sejak Jul 23, 2020
759 pos
Anggota Sejak Jun 03, 2021
6 pos
Jun 06, 2021 at 15:53
Anggota Sejak Jun 03, 2021
6 pos
If you study Behavioral Finance, you'd very much know how the markets just work based on traders' psychology. So it's true that it's just a mental game, but a very tough mental game! There's this thing called Loss Aversion, where the degree of unhappiness you feel when losing is much greater than the degree of happiness you feel when winning. So the tendency is for people to be very irrational when they lose (multiply their risk, withdraw all their money, etc.). Keep this in mind! You need to find the right balance between not getting excited when winning and not getting stressed out when losing. Many years of experience in trading will teach you this.
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
Anggota Sejak Mar 17, 2021
536 pos
Anggota Sejak Nov 23, 2021
34 pos
Dec 17, 2021 at 13:06
Anggota Sejak Nov 23, 2021
34 pos
Forex trading is all about making up your mind that you will lose money just the way you will make money. It won’t be possible for you to move ahead without making losses. Keep this in mind so that you don’t set unrealistic expectations and take unnecessary steps that could lead to more losses. Just make your mind and everything else will be sorted.
Anggota Sejak Jun 12, 2021
132 pos
Anggota Sejak Dec 14, 2021
28 pos
Jan 20, 2022 at 03:56
Anggota Sejak Dec 14, 2021
28 pos
Going slow but steady is the kind of effort everyone should put in for mental success in trading. Personally, whenever I set small goals and work for them, I automatically stay motivated. However, trying to take everything at once can be really overwhelming.
Feb 03, 2022 at 14:37
Anggota Sejak Sep 27, 2020
11 pos
I think that a trader shouldn’t give up. He should be persistent with his goals, but at the same time he shouldn’t be obstinate when he’s definitely doing wrong.
Secondly, he should never stop learning because trading is the thing you need to learn all the time.
You need to timely recognize your mistakes, learn from them and go ahead.
You need to control your emotions. That’s probably the most difficult thing to do but you have no choice but to take over yourself, otherwise you will not succeed in trading.
Secondly, he should never stop learning because trading is the thing you need to learn all the time.
You need to timely recognize your mistakes, learn from them and go ahead.
You need to control your emotions. That’s probably the most difficult thing to do but you have no choice but to take over yourself, otherwise you will not succeed in trading.
Anggota Sejak Oct 29, 2021
70 pos
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