Mastering the Mindset: A Comprehensive Guide to Trading Psychology
Trading in the financial markets is not just about analyses and strategies; it’s equally about mastering one’s mind. The importance of trading psychology is often underestimated, yet it plays a pivotal role in shaping trading decisions and outcomes.
This comprehensive guide delves into how to...
☝️Dear traders, no one here has superpowers, and I'm just a human after all. Please take everything with a grain of salt. I'm sharing my view and one of the possible scenarios of price action, but mostly - my direct experience. When I enter I try to predict as little as possible and actually follow what the market is doing, joining the market and not arguing with...
In trading, a prevalent pitfall is the tendency to take on an excessive number of positions, driven by the misconception that more trades equate to higher profits. However, trading isn't a lottery; success requires a more strategic approach.
Misguided Profit Expectations:
Traders often fall into the overtrading trap when their profit expectations don't...
Overtrading is a common issue in trading and can lead to significant losses. It occurs when a trader excessively opens and manages positions, often due to psychological and emotional factors. To avoid overtrading, consider the following strategies:
Establish a Solid Trading Plan: Having a well-defined trading plan is crucial. Your plan should outline entry and...
In the vast sea of forex trading, success often hinges on what you let go of rather than what you acquire. Overtrading, overrisking, and overconfidence are like treacherous waves that can capsize your trading ship. In this article, we'll explore these three perilous habits and explain why you must bid them farewell for a safer and more profitable voyage in the...
Striking the Right Balance: Mastering the Art of Trading and Avoiding the Overtrading Trap
In the intricate realm of trading and investment, finding the perfect equilibrium between capitalizing on opportunities and managing risks is paramount. However, the siren call of overtrading often lures traders into treacherous waters, jeopardizing their financial...
1️⃣ Thou shalt have a trading plan:
Having a trading plan is crucial to my success in forex trading. By setting clear entry and exit points, as well as defining my risk tolerance, I am able to trade with discipline and avoid impulsive decisions.
2️⃣Thou shalt not risk more than you can afford to lose:
I understand the importance of capital preservation. I...
Trading is one of the most fascinating and exciting professions in the world. It promises huge profits, financial independence, and the ability to work from anywhere. But with great rewards come great risks, and 90% of traders fail.
Why do so many traders fail? Let's explore the reasons.
📚Lack of education: Many traders jump into trading without the proper...
This diagram helps visualize the effects of overtrading. Overtrading is placing more trades than should be placed, typically resulting in unnecessary losses. There is a fixed number of trade setups that will occur with any trading system during any time period and ideally each trade setup will be traded to produce maximal profits. In general, trades that are...
1. Not having a trading plan: A trading plan is a set of rules that outlines a trader's entry and exit points, risk management strategy, and overall trading approach. Without a plan, traders are more likely to make emotional and impulsive decisions.
2. Not managing risk properly: Risk management is crucial in trading, as it helps to limit potential losses and...
Hello, I have an overtrading problem.
There are solutions, they are just not on the internet on trading websites. They come up with the same useless nonsense you'd expect "take some time off the screen", "don't try to get rich quick", "defeat your overtrading", "get motivated get a plan and force yourself to stick to it", "be patient" 🤦♂️.
What is next? "Brush...
Hello Traders,
today I want show you a point of my live, that I constantly overlooked. I want sensitize you for it and also make me so a reminder for the future!
1. OVERTRADING
It's the truth: In the past I lost 70% of my capital with overtrading. If you find yourself there then I would be sensitize you to rethink your approach of trading.
On the chart above...
Going to expose my recent half month history and then talk a bit about boredom trading in general.
Hey, so I guess I'm the typical breakeven trader now.
Usually they say "you'll give all your profits back" at least I am able to breakeven.
I think my timeframe is 2 weeks because I often think in half months like many think in quarters or months or days.
And the...
