Mar 22 2021 at 08:31
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.
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.
Mar 24 2021 at 05:23
Yes, people should know when to put a stop to trading and not fall into the trap of overtrading.
Mar 24 2021 at 08:40
To get rid of over trading, trade with stop losses it help to reduce the downside risk.
Mar 24 2021 at 20:42
setting or not setting stoploss has nothing to do with over-trading
Mar 25 2021 at 06:15
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.
What’s the money management plan gonna do when you have tons of open positions taking money out of your P&L?
Mar 26 2021 at 04:58
Anoxiare posted: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!
What’s the money management plan gonna do when you have tons of open positions taking money out of your P&L?
Mar 26 2021 at 11:42
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
Mar 29 2021 at 01:29
Yes, of course. I have lost so much of my investment in over-trading. So I never support over-trading.
Mar 29 2021 at 14:27
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.
Apr 01 2021 at 15:07
@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.
Yes, it is best to set a limit and try not to trade more than what’s required for the day.
Apr 21 2021 at 16:19
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.
Try to always determine the time frame for trading from and will save you energy and your time.
Apr 22 2021 at 10:55
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.
Apr 23 2021 at 11:41
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.
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.
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
Apr 27 2021 at 12:01
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.
Sep 14 2021 at 19:18
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.
