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Managing anxiety

  • #1
  • First Post: Apr 23, 2024 9:12am Apr 23, 2024 9:12am
Hey everyone,
My anxiety gets me each and every time I am trying to place a trade, so you can guess the result....blown accounts and...
What pieces of advice do you have for me?
Thanks in advance.
  • #2
  • Apr 24, 2024 4:39am Apr 24, 2024 4:39am
Firstly i want to say work on your psychology stuff. It's been 1 year of trading demo for me as well but in this 1 year the most valuable lesson i learned is trading is 10% knnowledge and 90% psycology so work on your mind . It is our human nature to come anxiety before entering the trade. It is not your fault. Please take this information seriously not like why should i take the advice of demo trader. At last, i only want to say that work on your mind and also i want to suggest one book called "Trading in the zone" by Mark Douglas and don't forget to thank me latter.
  • #3
  • Apr 27, 2024 11:07am Apr 27, 2024 11:07am
Quoting TNTvak
Hey everyone, My anxiety gets me each and every time I am trying to place a trade, so you can guess the result....blown accounts and... What pieces of advice do you have for me? Thanks in advance.
Probably because risk per trade is too high. It means you put a lot on the table and have a feeling that you can't afford to lose what you risk. Otherwise you would be less nervous. Also this tends to worsen with time because of growing mental and emotional instability. I would advice to trade with lower leverage or smaller lot size, also set your stop losses a little bit tighter and see if it works for you.
  • #4
  • Apr 28, 2024 10:28am Apr 28, 2024 10:28am
Quoting TNTvak
What pieces of advice do you have for me?

Three things.

Firstly, make sure before putting on a trade in a live account that your trading method has a reliably, robustly proven edge.

Secondly, make sure before putting on a trade in a live account that you understand enough about basic statistics and probability to know, confidently, whether or not your trading method has a reliably, robustly proven edge.

Thirdly, don’t let anyone convince you, if you’re trading without a reliably, robustly proven edge, that you have “psychological problems”. Very few people do, and the people who have already know they have. Unfortunately, it’s much easier to sell information/courses about psychological stuff than it is to teach people how to trade with an edge. Mark Douglas (who by his own admission couldn’t trade profitably at all) was a Master at it. Don’t fall for all the nonsense people talk about it. However great your “psychology” is, if you don’t have a proven edge (and the ability to discern it), then you can’t possibly trade profitably.

Good luck!
  • #5
  • May 2, 2024 9:32pm May 2, 2024 9:32pm
If you believe that your trading strategy is decent, and you consider the win-loss ratio and risk-reward ratio, then you should be fine. Also, if you are worried about blown accounts then use stop-loss and take profit. What do you think is the root of your fear? That you must answer yourself.
  • #6
  • Jun 3, 2024 9:48am Jun 3, 2024 9:48am
Feeling anxious when trading is normal. However, if it's heavily affecting your decision making, then here are a few strategies to help you maintain a healthy mindset

1.Develop a Trading Plan - Having a clear plan with predefined entry and exit points and risk management rules can reduce uncertainty and help you stay focused.

2.Start Small - Begin with smaller trades to minimise stress and gradually increase your exposure as you gain confidence and experience.

3.Use a Demo Account - Practice trading in a risk-free environment to build your skills and confidence without the anxiety of losing real money.

4.Keep Learning - Understanding the markets and your trading strategy deeply can reduce anxiety caused by uncertainty.

5.Mindfulness and Relaxation-Techniques such as deep breathing, meditation, or even regular physical exercise can help manage stress and keep your mind clear.
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  • #7
  • Jun 3, 2024 11:50pm Jun 3, 2024 11:50pm
Hey Mate,
I am new to trading myself, been dabbling of two years but only started to focus full time three months ago.

My journey took me on a path to stress test myself in a live environment to overcome most of that anxiety...

This is somewhat of a silly way but it helped me get over most of those feelings.

1. Plan to loose an amount of money that you feel is significant enough for you from the start to overcome your fear
2. DO NOT deposit more then 50% of your savings into any trading platform unless you are a professional as feelings can and most likely will takeover to make you want to go all in with whatever is in your account.
3. Keep a journal and write your feelings, read over it next day or at the end of your trading week
4. Do research and gain a better understanding of what money really is... (eg, we as humans make it exist only by accepting its value)
5. Learn to have a daily target and cut off from trading as you can get addicted to trading and will end up making mistakes from fatigue
6. AVOID TRADING large % of your account 12hours leading up to any high news events until you gain +70% success

I have more but that is what comes to the top of my mind.
I personally make the mistake with #6 at times
  • #8
  • Jun 4, 2024 9:43am Jun 4, 2024 9:43am
I got the same sensation for a lot of yea even if I used lot less money then now
simple you've to become confident in your strategy don't use dangerous method like grid or martingale and just relax

with stop loss and an acceptable risk per trade 2-4% you will sleep safe night
GL
Hoya_Chief Return Today: na
  • #9
  • Aug 14, 2024 2:05pm Aug 14, 2024 2:05pm
Quoting Zazzy87
Hey Mate, I am new to trading myself, been dabbling of two years but only started to focus full time three months ago. My journey took me on a path to stress test myself in a live environment to overcome most of that anxiety... This is somewhat of a silly way but it helped me get over most of those feelings. 1. Plan to loose an amount of money that you feel is significant enough for you from the start to overcome your fear 2. DO NOT deposit more then 50% of your savings into any trading platform unless you are a professional as feelings can and...
Even though, I did not ask this question, but your reply was so wholesome and useful.
  • #10
  • Sep 13, 2024 6:10am Sep 13, 2024 6:10am
this happened to me 2 weeks ago i was trading on a demo account 6 months all good and then i went live and went from 600 to 2k in a couple of weeks and then boom bad trade bad risk management greed and FOMO you name it it hit me

was a rough weekend but you get back on the horse go back to the charts and try again i think it was good for me in the long term but it does still sting

i think you should be anxious trading it means you care
  • #11
  • Sep 14, 2024 9:43am Sep 14, 2024 9:43am
so i have been trading with this broker hfm, and if only you knew how many account i blew with them in the past, tbh i cant even remember the exact number, but the good thing about it is, as long as u push through and keep on going u kinda reach a point of gettting used to it then it lessen anxiety in the long run. just dont quit, learn from past mistakes, try learning more of whatever you can and u should be fine.
  • #12
  • Sep 15, 2024 6:50am Sep 15, 2024 6:50am
If you are experiencing financial difficulties in your life outside of trading and you trade to get out of it, I'm sorry to say that this anxiety will always be with you. What you can do to reduce it is to shrink your lots, reduce your risk and definitely avoid overtrading. If you want to make money in a hurry, if you are always chasing trades and opening new trades to cover your losses and then losing again, this confidence issue will always be with you. Sometimes in a moment of stress you don't realize that you are making irrational trades, when you lose everything and look at it from a wide perspective with a calm head, you realize your nonsense, so you should be calm and trade without rushing.
BUZZ
  • #13
  • Sep 17, 2024 3:45am Sep 17, 2024 3:45am
Quoting buzzmert
If you are experiencing financial difficulties in your life outside of trading and you trade to get out of it, I'm sorry to say that this anxiety will always be with you. What you can do to reduce it is to shrink your lots, reduce your risk and definitely avoid overtrading. If you want to make money in a hurry, if you are always chasing trades and opening new trades to cover your losses and then losing again, this confidence issue will always be with you. Sometimes in a moment of stress you don't realize that you are making irrational trades, when...

I completely agree with your perspective. Trading out of financial desperation or anxiety often leads to emotional decisions, like overtrading or increasing risk, which can spiral into greater losses. Shrinking lot sizes, reducing risk, and avoiding the urge to chase losses are key steps in maintaining discipline and protecting your capital. Trading requires a calm, rational mindset, and rushing into trades without a clear plan usually leads to poor decisions.
  • #14
  • Oct 9, 2024 12:55am Oct 9, 2024 12:55am
Quoting TNTvak
Hey everyone, My anxiety gets me each and every time I am trying to place a trade, so you can guess the result....blown accounts and... What pieces of advice do you have for me? Thanks in advance.
where u place your entry ? dont tell me sell at support and buy at resistance.
  • #15
  • Dec 9, 2024 12:26am Dec 9, 2024 12:26am
Quoting TNTvak
Hey everyone, My anxiety gets me each and every time I am trying to place a trade, so you can guess the result....blown accounts and... What pieces of advice do you have for me? Thanks in advance.
I get it, anxiety while trading is tough, but you’re not alone. Start small with position sizes, stick to a solid plan, and practice on a demo account to build confidence. Focus on following your process, not just the results, and set limits to avoid overtrading.
Before placing a trade, take a deep breath or step away for a moment, it really helps. Keep a journal to track what works, and remind yourself that losses are part of the journey. You’re making progress, and with time and patience, you’ll gain control over those nerves. You’ve got this.
  • #16
  • Dec 18, 2024 4:25am Dec 18, 2024 4:25am
Quoting Jace001
{quote} I get it, anxiety while trading is tough, but you’re not alone. Start small with position sizes, stick to a solid plan, and practice on a demo account to build confidence. Focus on following your process, not just the results, and set limits to avoid overtrading. Before placing a trade, take a deep breath or step away for a moment, it really helps. Keep a journal to track what works, and remind yourself that losses are part of the journey. You’re making progress, and with time and patience, you’ll gain control over those nerves. You’ve got...
Very true. I have started meditating in the morning and that really helps me keep my calm.
  • #17
  • Dec 20, 2024 12:02am Dec 20, 2024 12:02am
Quoting Jace001
{quote} I get it, anxiety while trading is tough, but you’re not alone. Start small with position sizes, stick to a solid plan, and practice on a demo account to build confidence. Focus on following your process, not just the results, and set limits to avoid overtrading. Before placing a trade, take a deep breath or step away for a moment, it really helps. Keep a journal to track what works, and remind yourself that losses are part of the journey. You’re making progress, and with time and patience, you’ll gain control over those nerves. You’ve got...
Oh I've been there - anxiety while trading can be so brutal sometimes. I have realized that starting slow is a much better approach. I used to trade, sometimes it worked but most of the time, it just made thing worse, but then I started scaling down my positions which helped a lot.
And yes, journaling my trade is very good approach - it really opened my eyes to see what was workigng and what was not working.
  • #18
  • Dec 23, 2024 5:26am Dec 23, 2024 5:26am
Quoting GuntherKD
{quote} Very true. I have started meditating in the morning and that really helps me keep my calm.
For how long?
  • #19
  • Dec 25, 2024 10:14pm Dec 25, 2024 10:14pm
Quoting ArloFelix
{quote} Oh I've been there - anxiety while trading can be so brutal sometimes. I have realized that starting slow is a much better approach. I used to trade, sometimes it worked but most of the time, it just made thing worse, but then I started scaling down my positions which helped a lot. And yes, journaling my trade is very good approach - it really opened my eyes to see what was workigng and what was not working.
I totally agree, scaling down positions can save you from the emotional storm. When you journal, do you focus more on the numbers or your thoughts during the trade?
  • #20
  • Dec 31, 2024 12:20am Dec 31, 2024 12:20am
Quoting ChelseaR
{quote} I totally agree, scaling down positions can save you from the emotional storm. When you journal, do you focus more on the numbers or your thoughts during the trade?
I note down everything, from my entry exit points, to my predictions, to reality, to the emotions triggered.
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