I've changed my reward-to-risk ratio from 1:1 to 2:1.
You heard me right! They have changed.
I wasn't a stickler about my ratios, but I am now. I want to make more money and do less trading. How is this possible, you may be asking?
It's simple when you look into the details. So let's take a look at the losses first.
What do my losses look like?
Each time...
Trading psychology is influenced by emotions like greed and fear, which can drive irrational behavior in markets. Greed causes excessive risk-taking and speculation, while fear causes traders to exit positions prematurely or avoid risk. Regret can also cause traders to violate discipline and make trades at peak prices, leading to losses. These emotions can be...
Cause and effect works in every aspect of our lives and if understood and used correctly can be of major help to the persons success, in live, trading and even love.
Seek more knowledge on cause and effect by yourself and that will be the first step you need to take to see it in action!
Good luck trading!
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