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Over-trading is a very harmful

ArneilPacula
Mar 22 2021 at 08:31
3 postów
Hi,

Thanks for the reply but I certainly don't agree that someone can control an emotion. Emotion is not something that a human can control. Emotions is what makes us human and you cannot control it. Instead, you need to be aware that you have such emotion during the trading but never allow it to affect your trading decision.

garrettlamb
Mar 24 2021 at 05:23
11 postów
Yes, people should know when to put a stop to trading and not fall into the trap of overtrading.

Chelsea Blacks (blackChelsea)
Mar 24 2021 at 08:40
125 postów
To get rid of over trading, trade with stop losses it help to reduce the downside risk.

ArneilPacula
Mar 24 2021 at 20:42
3 postów
setting or not setting stoploss has nothing to do with over-trading

Keaton Richards (keatonrichard)
Mar 25 2021 at 06:15
30 postów
LukeRachel posted:
Over-trading is a very harmful emotion. If you trade over, you are more likely to lose. And managing risk here is a little tricky.

Ah yes there’s literally no end to the damage done because of overtrading, one of them being opening too many positions. Often traders believe to hit the jackpot of some of the trades while as a matter of fact, most of the trades will end up in losses.

Anoxiare
Mar 25 2021 at 08:10
22 postów
What’s the money management plan gonna do when you have tons of open positions taking money out of your P&L?

Keaton Richards (keatonrichard)
Mar 26 2021 at 04:58
30 postów
Anoxiare posted:
What’s the money management plan gonna do when you have tons of open positions taking money out of your P&L?
That’s the reason I always keep my number of open trades with turnkeyforex at a level where I can manage in case things go haywire. I have learnt from my previous experience with IG how opening too many positions can be such a baaad idea!


georgequayle
Mar 26 2021 at 11:42
30 postów
UweMoench posted:
Over-trading is a very harmful element. I have lost the investment of many of my accounts by overtaking. So I understand that overtrading can cause a lot of problems in psychology. Overtrading can ruin a trading career. The market is open 24 hours but not always traded in the market. Now if you are trading in this situation, you are not eligible to trade. If you do not give up overtrading, you will never see success in trading.

hard to fix as a habit tho

LukeRachel
Mar 29 2021 at 01:29
477 postów
Yes, of course. I have lost so much of my investment in over-trading. So I never support over-trading.

BarronLucas
Mar 29 2021 at 14:27
31 postów
Every trader should know that consistent trading is not good. Trade when it is necessary when the market is not volatile. Trading for 24hrs straight can lead to stress and affect the following trades that can be converted into easy profits.

UweMoench
Apr 01 2021 at 15:07
751 postów
@ArneilPacula Emotions will be there. But there is difference between reacting to the emotions and responding to emotions. Our decision should be influenced our emotions i.e fear, greed and anger.

levibaker
Apr 21 2021 at 05:21
9 postów
Yes, it is best to set a limit and try not to trade more than what’s required for the day.

AliaDare
Apr 21 2021 at 16:19
788 postów
ArneilPacula posted:
Hi,

Thanks for the reply but I certainly don't agree that someone can control an emotion. Emotion is not something that a human can control. Emotions is what makes us human and you cannot control it. Instead, you need to be aware that you have such emotion during the trading but never allow it to affect your trading decision.

Yes, trading can lead to overtrading if I cannot control emotions.

Andronn
Apr 22 2021 at 09:15
90 postów
Try to always determine the time frame for trading from and will save you energy and your time.

Chelsea Blacks (blackChelsea)
Apr 22 2021 at 10:55
125 postów
Andronn posted:
Try to always determine the time frame for trading from and will save you energy and your time.

Agreed! Keep balance between forex trading and other recreational activities that gives you a sense of happiness.

SteveHanks
Apr 23 2021 at 11:41
536 postów
blackChelsea posted:
Andronn posted:
Try to always determine the time frame for trading from and will save you energy and your time.

Agreed! Keep balance between forex trading and other recreational activities that gives you a sense of happiness.

Yes. By doing this, you can not feel bored to trade.

Taeusz_1 (Taeusz1342354)
Apr 26 2021 at 09:07
21 postów
I believe that everything should have its own measure. Excessive trading in most cases leads to negative consequences. It is necessary to develop a trading strategy and monitor compliance with the rules of this strategy.

Pezza
Apr 26 2021 at 10:40
61 postów
Taeusz1342354 posted:
I believe that everything should have its own measure. Excessive trading in most cases leads to negative consequences. It is necessary to develop a trading strategy and monitor compliance with the rules of this strategy.

yeah so true i used to think i needed 10 / 15 trades a day and was always looking to jump in now its more about 3 or 4 clean great risk to reward trades a week sometimes less

Akasuki
Apr 27 2021 at 12:01
500 postów
Overtrading is one of the reasons people lose money in the forex market. It happens due to lack of discipline and proper plans. You need to have good plans and execution of those plans. Otherwise you will keep losing money.

RobSchiz
Sep 14 2021 at 19:18
567 postów
Akasuki posted:
Overtrading is one of the reasons people lose money in the forex market. It happens due to lack of discipline and proper plans. You need to have good plans and execution of those plans. Otherwise you will keep losing money.

Yes. Every trader should maintain the time frame.

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