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Joined Mar 2016
|641 Posts
mistake is very simple , i think there is no one who can avoid mistake in spite of having most powerful analyzing trade knowledge and experience , according to me, if you do same mistake again and again , its not a mistake its your own choice.
mistake is very simple , i think there is no one who can avoid mistake in spite of having most powerful analyzing trade knowledge and experience , according to me, if you do same mistake again and again , its not a mistake its your own choice.
Ignored
You mean like insanity - doing the same thing over and over and expecting different results?
Get good at losing and your emotions will take care of itself. Meaning if you loose 9 out 10 trades and the 10th one makes up for the other 9 and then some, you will master your emotions in trading. Good luck
It is in our hands to take responsibility of our emotions.
Ignored
True. Plus if we try we can actually learn to keep them away while we trade. Though it takes time, but eventually with efforts one can overcome emotions.
Get good at losing and your emotions will take care of itself. Meaning if you loose 9 out 10 trades and the 10th one makes up for the other 9 and then some, you will master your emotions in trading. Good luck
Ignored
It would take tremendous control over emotions just to continue to trade after having lost 9 times.
How about starting really small in the beginning so the sting of losing is not there. Markets contracts and expands, getting in when it starts to expand is key and then as the trend starts to unfold add to your position. Look for institutional activity (a elephant cannot hide its footsteps.)
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Joined Dec 2015
|3,529 Posts
I think demo accounts should still be used at the very beginning, but it is, indeed, a good idea to start small when one does move onto a live account.
I think demo accounts should still be used at the very beginning, but it is, indeed, a good idea to start small when one does move onto a live account.
Ignored
Agreed! Starting with a live account can be quite crucial at times as the beginner also has to handle emotions now, so it is best to start low, not staking too much funds in the beginning only. Good advice.
{quote} Agreed! Starting with a live account can be quite crucial at times as the beginner also has to handle emotions now, so it is best to start low, not staking too much funds in the beginning only. Good advice.
Ignored
Agreed! When i first started it off, i realized that demo account is very important to consider but it is pretty much not useful when it comes to handle the emotions because you know that those funds are not real. But still the other factors in demo are very important
{quote} Agreed! Starting with a live account can be quite crucial at times as the beginner also has to handle emotions now, so it is best to start low, not staking too much funds in the beginning only. Good advice.
Ignored
I did not mean start on a live account from the very beginning, it was the exact opposite actually.
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Joined Mar 2017
|484 Posts
generally emotions works double when making a losses ,
for that reason after making a loss we have to be cool more and more and have to wait for nxt entry.
