Why do you have these problems? Here are 4 suggestions for you!
1. Overcome the "law of small numbers": Don't just look at short-term fluctuations when trading, and ignore daily ups and downs; plan entry, exit, and fund allocation in advance, strictly implement stop loss and stop profit positions, and don't be misled by gossip.
2. Alleviate "loss aversion": set stop loss and stop profit when opening a position, stop loss when the currency price drops by 10%, and consider stop profit when the price rises by 20%, to prevent emotional trading; funds are dispersed to multiple varieties, and positions are adjusted according to the market and their own risk tolerance to reduce volatility shocks and stabilize mentality.
3. Adjust expectation management: accept that the market profit and loss are uncertain, policies and international events may trigger fluctuations, and prepare psychologically in advance; if the market is clear like a bull market, use technical analysis to track trends, and don't sell hastily due to small fluctuations.
4. Recognize your own irrationality: Learn behavioral economics, clarify your own psychological shortcomings, and be alert to irrational impulses when trading; or use algorithmic trading to automatically execute strategies, or consult professionals to avoid emotional interference.
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