fxAljtaric

How to stick to your trading plan / not close early trades.

Education
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Once you have your strategy on how to grow your account, risk managment and your watchlist. The only problem is a traders psychology. You could have problems with closing early trades in loss/profit becase you are scared it might go south. To answer this, you have to change your mindset. Once you have done the analysis on the chart and you make that trade with the take profit and stop loss, just dont look at how much you are earning/losing. Focus on the chart and what is happeing. You didn't make the trade on numbers from your account but on candles on the chart. Make yourself think that you cant close the trade until it hits that stop loss or take profit. You WILL take loses, most day traders don't make it profitable. If you had the confidence to make that trade KEEP the confidence during your trade. If you don't belive in your own trades and that you can make it as a trader, why would anyone else? Profesional traders take loses too. No strategy works 100% of the time.
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