💠 Good morning
Friends, I think you know that you need to know how to earn in the market. Knowledge about it is not as important as having the right attitude towards trading.
▶️ For successful trading, knowledge of the market is not enough. It is actually important to be able to control yourself and maintain concentration. After all, if you enter trades based on emotions, it can lead to an unsuccessful outcome, right?
Maintaining calmness and full focus on market analysis before opening a trade is an important condition. A missed detail, hasty conclusions in the case of a sharp price change, the feeling of missing out (FOMO) hinder you from achieving your goal and taking profit.
How to trade in such a situation❔
▶️ If you are currently in such a state, I strongly advise you to exit the market and take a series of actions:
Calm down and take a break from trading for a while
Stress and excitement are absolutely incompatible with trading. Calm down, take a break)
Analyze your trades
After resting, return to the market, but not for trading, but for analyzing your recent losing trades - why it happened and how you could have prevented it?
Trade with an amount that you won't regret losing
If you don't care about the money you have on the market, there will be less stress. Fewer distractions.
Are you calm and focused?
Congratulations! Trade with a cool head, don't overload yourself, and take more breaks!
🏖 Interesting fact: did you know that shades of blue and purple are calming?)