4 Tips To Stop Worrying and Improve Your Trading Performance | Forex Factory

  • 4 Tips To Stop Worrying and Improve Your Trading Performance

    From tradingcomposure.com

    In this post, I share 4 tips on how to improve your trading performance. If you can follow these 4 steps, you’ll be a way more relaxed and clear-headed trader. The end of the year isn’t quite here yet but it’s just around the corner, and traders everywhere have entered crunch time – they feel pressured to do whatever they can to close the year with a trading performance they can feel proud of. But, in this situation, one of the most counterproductive things you can do is worry and let yourself be pressured. Worrying causes you to not think straight. And, while the need to have something to show at the end of ... (full story)

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Stormin_Norm
Nov 10, 2019 7:58pm
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WTF is this shit?

Two tips from 10 year veteran.

1. Reduce your lotsize
2. Practice more so you trust you system

That will stop you worrying and improve your performance.
Reply
AnniLi
Nov 11, 2019 2:11am
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Forex trading is not about managing risk which is under the topic of portfolio management. Forex trading is about managing uncertainty which has different tools. Some go for technical tools and some go for fundamental tools or some mix of the two. Along the way there are scary beasts in the forest (much too big to manage) - liquidity, politicians with decision making power (sadly), and good/bad luck. When managing uncertainty it is not possible to establish probabilities with any degree of precision at all, so a process tends to boil down to building confidence in a personal opinion about probabilities, then backing your degree of confidence. Decision making under uncertainty is a respectable area of study.
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NotAtrader
Nov 11, 2019 4:23am
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Quoting MaverickCT
{quote} To clarify vaguaries, AND I will most probably get shot down by a lot of people who use other Technical trading methods, BUT after years of trying everything I have settled on ONLY Bollinger bands as it is the only indicator that is timeous and not a summary of other data i.e. the horse has already bolted Understand that the price will normally move from one extreme (Band) to another and back again and if it breaks out of a band the move will only end when the price comes back inside the band choose a timeframe that suites your trading style...
Yes. I kind of agree with you. BB is an excellent indicator. However it needs to be adjusted to each asset. But ones you hit the right parameters BB could be the only thing you need.
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Bakker
Nov 11, 2019 6:16am
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Quoting MaverickCT
Reponding to NotAtrader, I would not know about different Assets as I only trade currencies and I am very specific as to which currencies I trade as early on I realised that I had to decide if I wanted to be a Trader (Highly volatile currencies) or Trender (Slower moving "trending" currencies) as trying to shoot at all the ducks was not the way to go in my book. i.e. my choices are based on my strategy in order to optimise my use of my capital Responding to Bakker's "Lot of nonsense!", a BB mid-line is a ma and the bands are...
I wasn't referring to your post regarding BB, to article instead.
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MaverickCT
Nov 11, 2019 1:22am
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I agree with him, You need to be able to trade without emotion and be confidant that you understand what you are doing and what the market is saying
So i also agree with Stormin Norm, Practice, Practice, Practice untill you trust your decisions and have proven to yourself that you can trade successfullty and then confidantly face the last hurdle of risking your own money
Reply
MaverickCT
Nov 11, 2019 4:13am
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Quoting NotAtrader
Some people need “Tips Stop Trading and Improve Your Economy”.
To clarify vaguaries, AND I will most probably get shot down by a lot of people who use other Technical trading methods, BUT after years of trying everything I have settled on ONLY Bollinger bands as it is the only indicator that is timeous and not a summary of other data i.e. the horse has already bolted
Understand that the price will normally move from one extreme (Band) to another and back again and if it breaks out of a band the move will only end when the price comes back inside the band
choose a timeframe that suites your trading style and then watch the price movement and look for support and resistance lines on bigger timeframes
Reply
MaverickCT
Nov 11, 2019 5:01am
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Reponding to NotAtrader, I would not know about different Assets as I only trade currencies and I am very specific as to which currencies I trade as early on I realised that I had to decide if I wanted to be a Trader (Highly volatile currencies) or Trender (Slower moving "trending" currencies) as trying to shoot at all the ducks was not the way to go in my book. i.e. my choices are based on my strategy in order to optimise my use of my capital
Responding to Bakker's "Lot of nonsense!", a BB mid-line is a ma and the bands are the 2 extremes in which it normally operates from bottom to top or top to bottom
Reply
NotAtrader
Nov 11, 2019 1:20am
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Some people need “Tips Stop Trading and Improve Your Economy”.
Reply
peterhenders
Nov 11, 2019 12:20am
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lol this guy is named Wayne Kerr
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MaverickCT
Nov 11, 2019 6:26am
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Quoting Bakker
{quote} I wasn't referring to your post regarding BB, to article instead.
No offence taken, I am just trying to help those, who are, where I was, a couple of years ago
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Bakker
Nov 11, 2019 4:32am
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Lot of nonsense! Trading is about making money, all you need is a system by which you can spot a particular bar crossing a ma in the right way on the right spot of the ma.
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guialain
Nov 11, 2019 2:27am
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Very good article. It summarises year of experience. I think it takes time to become a professional trader. the 4 tips are really useful and Practice makes perfect.
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Trader#237C
Nov 11, 2019 5:42am
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ANYONE that doesnt agree with what he has to say IS bound to repeat it .... period ... it may " burn/ annoy " your ego persay but its a fact coming from a guy thats been there and done that too many times to admit
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Trader#237C
Nov 11, 2019 5:44am
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ps... its just like knowing eating junk isnt good for you but we still do it ... its your choice ....
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