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Deadly Emotions

REVENGE, we all know it and have done it. It happens when you are tricked by the market and decide to take another trade before looking at the big picture, then BAM you are on the wrong side of the trade again. Pissed off and refusing to move while your money is going further down the drain. Scared to let go for fear that you are going to get tricked again.

PANIC, that is when you lack the confidence to enter or ride a profitable trade. This happens when you have taken some hits and now you lack the confidence to trade profitably.

IMPATIENCE, this happens when you can’t wait for a proper trade set-up and jump on a price hiccup/retracement, often finding yourself on the wrong side of the trade.

ANGER, you know that feeling that comes over you when you have taken a hit or two and you want to kill your computer.

SELF PITY, when you come to the market hoping for crumbs and get none, and can’t see why THEY won’t let you have just a little bit.

DEPRESSION, something perhaps outside of the market has you at an extreme low point.

INDIFFERENCE, it happens when you have gotten hit so many times that you just don’t care any more because no matter what you can win any way.

All of these emotions work hard against you clouding your clarity and give other traders the advantage over you.

If you are experiencing any of these emotions when you enter your platform; abandon your trading until you have yourself under control and have the clarity of mind to trade. Not doing so greatly increases your chances of handing your money over to a trader who is more emotionally fit and controlled than you are.

We are all human and it happens to us all, but what weighs heavy in your mind will often weigh heavily in your pocket.

Come to your trading platform, well rested, focused and ready to trade. You may take an occasional hit so what it is a LESSON. We all get them and if we learn the lesson that the loss has taught us; it will make us much better traders.

DO NOT TRADE YOUR EMOTIONS!!!!!—-

7 Wisdom Thoughts on Trading

• It’s much easier to learn what you should do in trading than to do it. Good systems tend to violate normal human tendencies.

• Two cardinal sins of trading — giving losses too much rope and taking profits prematurely — are attempts to make … positions more likely to succeed, to the severe detriment of long-term performance.

• The people who survive avoid snowball scenarios in which bad trades cause them to become emotionally destabilised and make more bad trades. They are also able to feel the pain of losing. If the losses don’t hurt, your financial survival is tenuous.

• In many ways, large profits are even more insidious than large losses in terms of emotional destabilisation. I think it’s important not to be emotionally attached to large profits. I’ve certainly made some of my worst trades after long periods of winning. You start to think you can afford shoddy decisions.

• As a general rule, losses make you strong and profits make you weak.

• I take the … view that missing an important trade is a more serious error than making a bad trade.

• Don’t think about what the market’s going to do; you have absolutely no control over that. In particular, you should spend no time at all thinking about those rosy scenarios in which the market goes your way, since in those situations, there’s nothing more for you to do. Focus instead on those things you want least to happen and on what your response will be.

Is this not an Insider Trading ?

A Million Dollar Question …..Who were knowing this NEWS ??

From Volumes and Price Rigging it means :Insiders ,Media Persons are involved…and Government says ….we care for Investors………Mere Bharat Mahan !!

-Nobody will dare to write or say about these type of events…or even discuss.

Just write comment…..if u think u are real Trader /Investor !!

Updated at 19:55/18th May/Baroda

The Right frame of Mind

The psychology of the trader plays a very important role in his trading decisions and style. The best traders keep their sentiments (greed and fear) out of their analysis and decide to trade with clear mind. Follow the advices below and you will notice a great deal of improvement in your trading style.

Never trade when your mind is occupied with other things. Try to be concentrated on the market. Try to feel the market, that is the Market Sentiment. When you feel overwhelmed of the information in your head, take a break. Then come back with clearer mind. Do not be trigger happy with your trades and always have a trading plan. Follow your Forex system with discipline. Apply the rules of Money Management with care. Always mind your loses! Then let the profits come. Stop loss orders are there to save you by yourself. Always use them and never stay on a false trade just to feed your ego. Ego never makes money! Even the best traders are often wrong. But market is always right!

The best traders have the vigilance to realize the market sentiment quickly and ride the market in the right position. Even when they are wrong at first, they quickly change their posiotions when they realize it!

d your ego. Ego never makes money! Even the best traders are often wrong. But market is always right!

The best traders have the vigilance to realize the market sentiment quickly and ride the market in the right position. Even when they are wrong at first, they quickly change their posiotions when they realize it!

 

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