What habits should a trader adopt 🙂

Let's not write about trivial things like keeping a trading journal, daily market analysis, and so on; we believe that those who follow us already know that this is a must-have.

In today’s post, we will talk about the real extraction of useful habits of traders from our team 📝

🟠Never look at the results of others:

Let's clarify - we're talking about cultivating the feeling of FOMO when you see others in the "green" and decide that you also need to earn here and now. Always remember that strategies are different for everyone, and someone will take their profits in today’s situations, while someone else needs to wait for their trade and not struggle with what they don’t know how to work with.

🟠Learn to feel the market today:

There are days in the market when seemingly good setups just don’t work out; it feels like a sawtooth and trade after trade you get stopped out or break even. It's important to detect this trend in time and refrain from trading during such periods. Also, make sure to specify in your trading system how many stops are acceptable per trading session.

🟠Be consistent:

Discipline is the most important component of any stable trader's strategy. Don’t try to make a conditional life change in one trade; there are situations when luck shines, and the coin flips out as you didn’t expect, for example, today’s RSR, but don’t rely on chance. Most often, attempts to take everything from a trade end in overtrading, averaging down, and ultimately large losses.

🟠Don't look at the numbers during a trade:

Of course, it's always necessary to control losses and profits, but don’t let the emotions from the numbers on the screen take over your mind and make you act impulsively instead of rationally. Especially since, with the right risks, all you should be concerned about is the situation on the chart and in the order book.

🟠Implement changes in your trading system gradually:

Imagine you are trying to implement a new setup or a strategy for entering a position or something similar; it’s always important to conduct backtests beforehand, work with reduced volumes, and after a month or two, if these adjustments confirm their effectiveness, you can add them to your trading system and work with them.

🟠Don't try to assess your results over too short a period:

There are periods when you go through a series of losses, and you need to understand that this is inherent in working with the market. Not everything depends solely on us and our actions, but by keeping your composure and not tilting, you will calmly get through such a market phase. So give yourself and the market time; not every day will you manage to take profits.

Seemingly simple things, but do you have them? 📝

If you don't want to miss the bull market, Pavel Durov will tell you where to find me 😏

Max_pro_crypto