I believe I sometimes bring my emotions into the trading, which can be problematic at times. However, I am slowly but surely gaining control over my responses and emotions right now.
For me, emotion and mentality are the biggest problems so far. It's very hard to control them.
And I think I need more and more years of experience to learn how to deal with them.
It is often difficult for people to manage their emotions in trading, and it is one of the reasons many new traders struggle and often lead to impulsive or irrational decision-making.
I think the biggest problem is to find profitable market inefficiencies where competition from other market players is low. Every new idea is increasingly more difficult to find and implement especially when your potential rivals can use AI and other advanced tools.
I think everyone here is struggling to manage their emotion. Me too, psychology is the hardest part. Especially avoiding overtrading and accepting losses.
not sticking to my rules and becoming a draw down trader.
i posted a screenshot when you enter a trade and not have a specific strategy, no stop loss.
went from scalper to swing trader
When I was a beginner my biggest problem was a lack of attention. I couldn’t concentrate and as a result I often missed the best moment to enter the market, although I often assessed the general situation correctly and drew the right resistance and support levels. I often did right but rarely benefited from it. It was not easy to cope with it, but I did.
My biggest problem is certainly psychology. I'm calling the shots, but taking my trade off, for a loss, just before it does a 180° u-turn, confirming my market analysis. I understand that it's all, really, about the amount of money I'm trading. I'm at a loss and playing catch-up, so it's simply a case of trading lower units.
I started trading 5 months ago have blown up two account. This is my third account now i felt like i learned allot and i saw the result my first trade was success, so i became confindent and took two more trade and traded an instrument i have never tarded and i lost twice, crazy think i lost more than i made.
" I want to say that my analysis was wrong but no i took the trade because i felt like it and i paid the price" - Trading Journal
My biggest problem was patience. I have a lot of patience with learning, but when i look at the charts i think i see entries without doing a proper analyse.
And almost every loss can be confirmed that i didnt analyse the market properly. And for sure, when i did do a good analyse the bad luck starts to show up.
As a trader you wanna trade, but its better to do nothing then just stepping in and gamble if you didnt analyse the market well, i figured.
Emotions are under control, but taking the time for a good analyse and wait for an entry was hard to do for me.
The problem most of us face and will not willingly accept is that we don't trade to make money we trade to feel good about ourselves, we use the market as a drug to escape our trauma, our daily problems and our lack of mental health. I think this is one of the reasons why it is so difficult to follow our trading rules because already before the trading day begins our minds are clouded and we end up making emotionally charged financial decisions and end up losing. In my opinion any strategy can work the only problem is the user.
