The absence of a proper trading plan which includes specific rules for entry and exit of the trade certainly ensure that in the long term. Beginners usually suffer from common diseases themselves. Abandoned plans to trade purely on impulse because things are not going exactly as he had imagined how. Repeatedly that they can not rely on the use of methods that fail to make a profit. Many traders keep losing positions themselves say "it will turn out" when he says otherwise each indicator because they can not bear the thought of a loss.
Why torture themselves? Why can not only determine what is wrong and make a change? For some people, recognizing that trade or even a trading method is not working and make a change is easy, but for others it's very difficult. Should monitor its borders admit that they made a mistake and it's hard because it hurts the ego. It's risky from the psychological point of view, it is often easier to fool. We will continue, living in a state of denial until drain your account. If you recognize any of these traits in yourself you must stop trading immediately.
Take a closer look at what happened, in an attempt to identify the problem. If you look closely you can see the pattern. This is why it is necessary to record all transactions and information as possible on this subject. You have to get out of the old patterns and see things in a new light.
And you will not be a successful trader if you're still living in a state of denial. What can we do to get back to reality? There's a lot you can do. First, make sure that you do not trade under pressure. When stressed, you can not see, you become rigid and unable to see other points of view. One of the best solutions is the smallest trade. Trade restrictions less is more, especially for beginners. If you are experienced in a series of minimal loss of your contracts until you get your confidence again. Some people need to take a break completely. Away from it all. Take your mind off circulation.
The second thing you can do is make sure that you have a life. Could be a trade addictive especially when you win. Do not put all your eggs in one basket emotional trade. You must have other roles that give your life meaning and purpose. Through your identification in a variety of ways, not an abnormal important business events. Therefore, you will be able to take a step in the losses and consider a more objective in your trading.
Finally, radical acceptance is a key strategy to deal with the mental state of uncertainty in the market. Many traders make the mistake of thinking that can control the markets. One can not control the markets. We must learn to accept whatever comes our way and trade accordingly. Adoption of the position is a journey of the trade and all we can do is go where the markets take us.
To achieve success on this road, you can not afford to lose too. Risk management and just accept what you get and enjoy the ride. In this way, you can trade more freely and creatively. Do not live your life in a state of denial. Accept your limitations and work around them, and become a winning trader. Write your own trading plan with precise entry and exit points. Set your main points and mentally decide you do not get out of. Test your system on the test paper and when confident in real time with minimum contract size. Will have losing trades, with a grace period for them to accept and go to the next deal.
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