Emotional Trading Habits
You hesitate to make decisions to get in or out
You jump in to trades too early, Which means you don't believe your self
You have started to second guess your trading plan – not taking all signals or worse, have started to make changes to your plan, mid trade…
Perhaps your initial confidence has been shattered by a series of losing trades
You are bringing “baggage” from previous trades or strategies to this one
You have blown your account up· You are starting to doubt your own abilities
Trading just to cover Previous Losses, this will put you in more trouble
How to Overcome these Mistakes & Habits
Trust your self first, believe in you
Create a Trading Plan, Stick to it, Don't Breach it
Then trust the Process, Trust the Trade
Don't Trade for your Commitments, It will raise up your emotions and will end up in bad ideas and trades
Don't copy the trade just for someone did, His/Her emotions are completely different than yours
Don't Keep your trade open for maximum loss, eg - don't let the trade run for -100% and above
Don't add funds, Just close the trade at loss which you are affordable at
Book Profits as much as you can, Don't be greedy
If you are comfortable with 5% Profit, Book it, Don't dream for 1000%
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