This is for those who trade for other people.
Does it affect you in any way when you trade for others vs just for yourself? Do you feel the pressure? Do you tend to be more cautious? indifferent?..
When I trade for myself, my approach is very 'robotic'. I execute trades following my plan without second thoughts. Now that I trade for a few people, I feel that I am more cautious. I am more selective in my trades. I also studying and keeping mental notes of my successful and failing trades.
Basically I can see the psychological effect it has on me when I am trading for others vs just for myself. I like that I am selective studying every trade. But not sure if this is based on fear of losing other's money and that would lead me not following my plan.
Does it affect you in any way when you trade for others vs just for yourself? Do you feel the pressure? Do you tend to be more cautious? indifferent?..
When I trade for myself, my approach is very 'robotic'. I execute trades following my plan without second thoughts. Now that I trade for a few people, I feel that I am more cautious. I am more selective in my trades. I also studying and keeping mental notes of my successful and failing trades.
Basically I can see the psychological effect it has on me when I am trading for others vs just for myself. I like that I am selective studying every trade. But not sure if this is based on fear of losing other's money and that would lead me not following my plan.
Working towards CME membership