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How to get more discipline and control in trading?
It takes 2 min to read this and It will change your life!
Gaining control and discipline in trading is crucial for long-term success.
Many traders enter the market with high hopes, but without discipline, those hopes can quickly turn into losses.
Define when to enter and exit trades based on the kind of trading you are into. What does that mean? If you wanna enter the trade, before entering you have to know where to enter, where is your profit target and where your trade is invalid and you have to put your stop loss. If you don't have these 3 it means you are gambling, not trading! Trade only when you have a proper time dedicated to trading. Take this seriously, as it is an exam or something your life depends on, and I guarantee you will achieve better results! The majority and I mean the majority of people will enter a trade, lose money, put more money, and repeat. But what if you have to feed your family and your kids with this money and profits you make? You would be entering only trades that you are very sure of instead of entering 10-50 trades per day what you usually do cause you would be scared to lose that money. This is exactly what you need to think and put yourself in an imaginable situation where you need to feed your family or your kids, and if you are single put really hard imagination to imagine you have a family.
I spent the majority of time losing trades and transferring more money on a futures account and losing again but look at this now! I told my wife, listen I am trading here, we have an option to watch how am I doing monthly and I want you to check on my every week how was my week with this calendar daily profit/loss and show her transfer history so she can check I did not transfer more money. I am gonna start with this amount, if I lose it don't let me deposit more money until next month. TRUST me! I was so careful not to lose and got discipline and edge with this trick as I have someone who is controlling me and I have to be really careful with my trades now. I don't enter 10 trades or more per day as I was entering before, only setups I really like and respect my strategy and I doing so much better since then. Try this and it's gonna change the way you trade! Hope this helped you learn from my mistakes and experience! Good luck!
#trading #emotions #DisciplinedTrading $ARPA $LUMIA $SOL #bitocin
Gaining control and discipline in trading is crucial for long-term success.
Many traders enter the market with high hopes, but without discipline, those hopes can quickly turn into losses.
Define when to enter and exit trades based on the kind of trading you are into. What does that mean? If you wanna enter the trade, before entering you have to know where to enter, where is your profit target and where your trade is invalid and you have to put your stop loss. If you don't have these 3 it means you are gambling, not trading! Trade only when you have a proper time dedicated to trading. Take this seriously, as it is an exam or something your life depends on, and I guarantee you will achieve better results! The majority and I mean the majority of people will enter a trade, lose money, put more money, and repeat. But what if you have to feed your family and your kids with this money and profits you make? You would be entering only trades that you are very sure of instead of entering 10-50 trades per day what you usually do cause you would be scared to lose that money. This is exactly what you need to think and put yourself in an imaginable situation where you need to feed your family or your kids, and if you are single put really hard imagination to imagine you have a family.
I spent the majority of time losing trades and transferring more money on a futures account and losing again but look at this now! I told my wife, listen I am trading here, we have an option to watch how am I doing monthly and I want you to check on my every week how was my week with this calendar daily profit/loss and show her transfer history so she can check I did not transfer more money. I am gonna start with this amount, if I lose it don't let me deposit more money until next month. TRUST me! I was so careful not to lose and got discipline and edge with this trick as I have someone who is controlling me and I have to be really careful with my trades now. I don't enter 10 trades or more per day as I was entering before, only setups I really like and respect my strategy and I doing so much better since then. Try this and it's gonna change the way you trade! Hope this helped you learn from my mistakes and experience! Good luck!
#trading #emotions #DisciplinedTrading $ARPA $LUMIA $SOL #bitocin
Remember to leave your emotions at home when investing in crypto. This is one of the most volatile markets you can be involved in so be aware of the risks when investing! Don’t forget the reasons you began investing, whether it’s for quick profit or long term investments. Don’t allow market swings to influence your goals and reasonings for investing. Be true to yourself!
#BullRally #investmentgrowth #emotions
#BullRally #investmentgrowth #emotions
Enemies of Success in Financial #Markets :
✅ Greed
✅ Acting on #emotions
✅ Paid VIP Channels
✅ Lack of Learning
✅ Fear
✅ Twitter Analysts Who Don't Know Anything
✅ Those Who Don't Learn from Their Mistakes
#BTC☀ #BNBChainMemecoins #CryptoMarketMoves
✅ Greed
✅ Acting on #emotions
✅ Paid VIP Channels
✅ Lack of Learning
✅ Fear
✅ Twitter Analysts Who Don't Know Anything
✅ Those Who Don't Learn from Their Mistakes
#BTC☀ #BNBChainMemecoins #CryptoMarketMoves
💸 DO YOU STRUGGLE TO TAKE PROFITS? 💸
In the fast-paced world of crypto, it’s tempting to hold out for the “peak.” But knowing when to take profits is essential for long-term success. Here’s why it’s so important:
1️⃣ Market Volatility: Crypto prices can swing wildly. Locking in gains during highs helps protect you from sudden drops.
2️⃣ Reduce Stress: Profit-taking allows you to feel more confident about your investments, lowering the pressure of “what if” scenarios.
3️⃣ Reinvest Smartly: With profits in hand, you’re better positioned to reinvest in new opportunities or strengthen existing positions.
4️⃣ Build Wealth Consistently: Even small, regular gains add up over time. Don’t underestimate the power of gradual wealth-building.
Remember, gains aren’t real until they’re realized! Balance growth with security, and let profit-taking keep you one step ahead. 📈🔒 #takeprofits #CryptoPreUSElection #ScrollOnBinance #emotions
In the fast-paced world of crypto, it’s tempting to hold out for the “peak.” But knowing when to take profits is essential for long-term success. Here’s why it’s so important:
1️⃣ Market Volatility: Crypto prices can swing wildly. Locking in gains during highs helps protect you from sudden drops.
2️⃣ Reduce Stress: Profit-taking allows you to feel more confident about your investments, lowering the pressure of “what if” scenarios.
3️⃣ Reinvest Smartly: With profits in hand, you’re better positioned to reinvest in new opportunities or strengthen existing positions.
4️⃣ Build Wealth Consistently: Even small, regular gains add up over time. Don’t underestimate the power of gradual wealth-building.
Remember, gains aren’t real until they’re realized! Balance growth with security, and let profit-taking keep you one step ahead. 📈🔒 #takeprofits #CryptoPreUSElection #ScrollOnBinance #emotions
greed of option trader 👎👎
be aware 🚨 🚨
See Option traders sad reality 🥹
Dont go all in one .
Dont trade with emotions & greed !
#emotions #CryptoMarketMoves
be aware 🚨 🚨
See Option traders sad reality 🥹
Dont go all in one .
Dont trade with emotions & greed !
#emotions #CryptoMarketMoves
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Psychological aspects of trading and research
Should beginners trade cryptocurrency on demo accounts? Psychological aspects of trading and research
Cryptocurrency trading is a complex and risky type of investment, especially for beginners. One way beginners can learn and gain experience is by using demo accounts that do not involve real money. Let's look at whether beginners should trade on demo accounts, focusing on the psychological aspects of trading and some psychological research results.
Cryptocurrency trading is a complex and risky type of investment, especially for beginners. One way beginners can learn and gain experience is by using demo accounts that do not involve real money. Let's look at whether beginners should trade on demo accounts, focusing on the psychological aspects of trading and some psychological research results.