LIVELet's delve into one of the scariest conditions 😉
Tilt (I've noticed that many of you deal with this, despite a 95% success rate in trades).
What is tilt? 🤔
Tilt is an emotional state of a trader, triggered by strong emotions from takeovers or stop losses, during which they begin to lose control over their trading and make many mistakes. According to one version, the term "tilt" to denote a psychological state originated among enthusiasts of slot machines. This term gained wide popularity when it entered the active vocabulary of poker players. Nowadays, this concept is used not only in gambling but also in other activities related to competitive processes.
Causes of tilt - why does it happen? 🔍
The most common cause of tilt is loss, especially when it's public and humiliating. It can shake the psychological balance necessary for an objective perception of the market. Traders experience the most negative emotions when faced with a stop-loss in a winning situation. For example, when you enter a trade after the initial takeovers, thinking it will definitely continue, but then the market suddenly reverses. Another situation is the "victory tilt," which occurs as a result of a positive trigger, such as unexpected wins or a lucky streak. Strong positive emotions can be just as dizzying and harmful to trading as negative ones. Tilt and victory tilt can lead to the same consequences.
Tilt happens to everyone. 👥
Regardless of how emotionally resilient you are, tilt happens to everyone; being completely indifferent to everything is impossible. The key awareness is to recognize when this moment of emotional instability occurs and to heed the advice I've given. Distract yourself, analyze mistakes, and devise a strategy for the future.
I hope this information, as always, has been helpful to you and will help you avoid mistakes and bitter defeats in the future. The best way to control your emotions in crucial moments is through self-knowledge and understanding, so keep developing and stay hungry for new knowledge.