Archives of “unwanted thoughts” tag

rss

Develop Your Mental Strength In Trading

  
  Education
#  #  #  #  #  #

Tip #1. Knowing what kind of trading actions to take.

This is important because it’s under your control. This includes identifying good trading opportunities and good entry price. Many people just like to be trigger happy and open any trades they want to. Trading is about getting quality trades and not quantity trades, more trading actions will cause more mistakes. Often people are very impatient and like to chase after the price and got in at a bad entry point. Remember that opportunities to trade will always arise, so wait for it and don’t risk unnecessarily.

Tip #2. Knowing what is going on in your mind, feelings and body.

Being aware of what the mind is telling you and how we are feeling is important in developing mental strength. When you know how you feel and how you think, it’s easier to keep things in control. For example, if your mind is telling you that today the market is not moving much in any direction, then you don’t sit in front of your computer to wait for an opportunity already! If you continue to find reason to trade, you’ll find yourself ended up in an unnecessary trade.

Tip #3. Commit to high value actions regardless of how you feel.

This means you have to be willing to accept unwanted thoughts and feelings because trading well is more important than feeling good. While it’s not easy to maintain positive trading actions when you are feeling down, take a break from it and come back when you are refreshed.

Tips For Mental Toughness of trading psychology

  
  Education
#  #  #  #  #  #  #  #
Here are three things you can do to keep your mind and body focused on the trading:
1. Be aware of what is going on in your mind, body and feelings. Slipping into an internal focus seems automatic because we aren’t fully aware of it as it is happening. Being aware of what the mind is saying and how we are feeling is the first important step in mental toughness. You can catch yourself before things spiral out of control.
2. Know what trading actions are important to take. These are high-value actions (HVAs) under the trader’s control. HVAs are relevant to trading and include identifying sound trade setups and solid entry triggers. You must know these cold and be ready to execute them.
3. Commit to high value actions regardless of how you feel. This means being willing to accept unwanted thoughts and feelings because trading well is more important than feeling good. Maintaining an external focus and initiating positive trading actions may not be easy when feeling down, but it’s certainly not impossible. Like all skills, it takes practice.

Tips For Mental Toughness of trading psychology

  
  Education
#  #  #  #  #  #
1. Be aware of what is going on in your mind, body and feelings. Slipping into an internal focus seems automatic because we aren’t fully aware of it as it is happening. Being aware of what the mind is saying and how we are feeling is the first important step in mental toughness. You can catch yourself before things spiral out of control.
2. Know what trading actions are important to take. These are high-value actions (HVAs) under the trader’s control. HVAs are relevant to trading and include identifying sound trade setups and solid entry triggers. You must know these cold and be ready to execute them.
3. Commit to high value actions regardless of how you feel. This means being willing to accept unwanted thoughts and feelings because trading well is more important than feeling good. Maintaining an external focus and initiating positive trading actions may not be easy when feeling down, but it’s certainly not impossible. Like all skills, it takes practice.
Go to top