Impulse Trading and How to Avoid It

Aug 02, 2020 at 04:58
3,058 Views
47 Replies
Biedrs kopš   119 ieraksti
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.
Biedrs kopš   14 ieraksti
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.
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.
Biedrs kopš   15 ieraksti
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.
Biedrs kopš   78 ieraksti
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.
Biedrs kopš   65 ieraksti
Mar 11, 2021 at 20:13
I think if you learn not to give in to emotions, there will be no impulsive trading
Biedrs kopš   2 ieraksti
Mar 11, 2021 at 23:24 (labots 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
pedrovaleforextuga@
Biedrs kopš   12 ieraksti
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.
Biedrs kopš   187 ieraksti
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.
Biedrs kopš   112 ieraksti
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.
Sep 08, 2021 at 22:14
Demo practice is the best solution in my opinion.
Sep 08, 2021 at 22:44
Find your mistake and learn from it.
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.
Biedrs kopš   617 ieraksti
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.
Biedrs kopš   24 ieraksti
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.
Biedrs kopš   536 ieraksti
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.
Biedrs kopš   22 ieraksti
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.
Biedrs kopš   22 ieraksti
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.
Biedrs kopš   24 ieraksti
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.
Biedrs kopš   24 ieraksti
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.
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