For looking into the plogy of your trading Thoughts, I would recommend Studying Trading on the Zone by Mark Douglas, and The little book of Behavioral Investing by James Montier. Very informative reading.
For looking into the plogy of your trading Thoughts, I would recommend Studying Trading on the Zone by Mark Douglas, and The little book of Behavioral Investing by James Montier. Very informative reading.
I had heard of the former publiion, but not the latter. Thank you.Originally Posted by ;
I do agree with you, emotional outburst is unavoidable anywhere.Originally Posted by ;
But I have observed people going real mad about their trading which made the game much riskier to them.
Newbies, regrettably, often underestimate the demand for plogically training themselves the exact same way they study analysis methods, and for some of these who has unpleasant effects.Originally Posted by ;
That is why, I am trading with a fixed trading lots mended! I see, multiple trading lots size dominate my own emotions and greed! In this case, fixed trading lots size is much secure! Money Management is the core stage of succeeding.
Trading is difficult. In trading, we could get a bit of stress. When a situation begins to turn against us, that's when we start to feel it. The red arrows on the chart accompany all the fears of failure which rush through our brains from nanoseconds. Since the loss continues to pile from us, that anxiety gets more and more deep; making the concept of taking action even more intimidating. And this is precisely how our fight-or-flight instinct could adversely affect us transactions, as we permit ourselves to make conclusions in extremely stressful states which, often-times, don't do us any favors.
That is pretty much exactly what happens, I agree. What do you do to repress that response when you trade?Originally Posted by ;
But I don't think so fixed lot trading dimensions consistently can restrain restricted emotions. It depends on markets movements.Originally Posted by ;
Sorry late response...Originally Posted by ;
Well I just like to maintain my pip count high for the most part... Even Though It's hard to watch off the cash but I ultimately watch my pips for entry and SL/TP
The most vital factor that ought to be considered really is cash management, maintain a egic space from feelings, put your limits every days and don't break (put TP/SL) on each last place. Make your frame as Mechanical as you can. . .that suggests that you turn into a robot when trading. Figure out how w/o becoming all Zen and to draw out of your conscience recognize and watch your own contemplation's. It will take a great deal of training and tolerance to shield away feelings and uneasiness from trading nevertheless rehearse they state makes culminate.