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Showing results for tags 'psycology'.
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Many beginners look for emotion and tend to over-trade, but the big traders see trading as something lonely and boring, being very profitable, the simple is better because you do not need indicators, and you should only see a graph. If you can't earn money from a single graph without indicators, adding more things to analyze will only make money harder. Also, only take the best of the best trades until you can consistently win. Decide if it is a hobby or a job so as not to put your money at risk. If it is a hobby, you better find another one because this is going to be very expensive and dangerously addictive. All the big traders are probably addicted to trading, but most of the trading addicts end up broke and without money. Keep emotions away from trading, because they play with your money on a super exponential scale.
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Well as I put in the title, what should be done when trading with our feelings. This is going to be a very personal guide, as it is what I do, and it may not suit everyone, but I want to give you an idea of what to do. First, I take the time to explore what I feel when analyzing, I am happy, angry, frustrated, happy, all this is as good as bad, being happy can give you an excess of confidence, let alone if you are angry, sad or frustrated. Second, if you are bad or frustrated by trading or your personal life, something you can do is express yourself and free yourself from those feelings by writing it in a notebook, this is something I read in a book and it helped me a lot, to release the feelings. This guide is small and simple, until you put it into practice and you notice the importance of your feeling in trading.
