Query : How to over come losses and become a profitable trader?
Answer : This is Part 4. If you are new, refer Part 1, 2 & 3 for better understanding.
Step 9 :
In the earlier stage of trading, every trader goes to the “victim state” of mindset often. Try to bring your mind out of it soon.
What is the victim state of mindset?
Example : Person A feels powerless during trading because of uncertainty of the share market.
Person A's Interpretation :
Only my stop loss get hit.
Why it is me always?
Why market turns against me whenever I take a trade?
Why my strategy fails when I apply it in live market?
These interpretations trigger the following emotions.
Fear
Worry
Frustration
Confusion
Anger
How to over come it?
Person A should
Improve his technical knowledge.
Have to accept uncertainty is the certain state of share market.
Improve his trader’s mindset.
(To be continued...)
Answer : This is Part 4. If you are new, refer Part 1, 2 & 3 for better understanding.
Step 9 :
In the earlier stage of trading, every trader goes to the “victim state” of mindset often. Try to bring your mind out of it soon.
What is the victim state of mindset?
Example : Person A feels powerless during trading because of uncertainty of the share market.
Person A's Interpretation :
Only my stop loss get hit.
Why it is me always?
Why market turns against me whenever I take a trade?
Why my strategy fails when I apply it in live market?
These interpretations trigger the following emotions.
Fear
Worry
Frustration
Confusion
Anger
How to over come it?
Person A should
Improve his technical knowledge.
Have to accept uncertainty is the certain state of share market.
Improve his trader’s mindset.
(To be continued...)
Nota
Next part will be posted in few days.
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
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Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.