Hello everyone, BikiniBotton Industries here. We are starting to talk about trading.

💠 | DEVELOP THESE EMOTIONS

- Think positively.

- Be patient.

- Be grateful.

- Believe in yourself.

— Love trading.

- Be persistent. Visualize.

- Know how to stop in time.

[📈] In trading, a streak of profitable trades is often replaced by a streak of losses. Obviously, winning streaks are good, but during these moments we tend to feel overconfident, which often gets in the way of your trading.

It's a good idea to take a break after three, four or five winning trades in a row and just remind yourself that even if you're on a winning streak, it's still important to stick to your trading plan and manage your risks.

Losses can be emotionally draining. After three, four, five or more losing trades, we begin to doubt our abilities and our strategy. This can lead to fear of trade execution or, worse, we may start to ignore our trading plan.

[👀] Stop looking at profit or loss

Traders are people first and foremost, and as people we tend to get attached to our money. And it hurts us to lose them. Several experiments have been conducted that show that we are more likely to avoid losses than to realize profits.

Many traders tend to check their profits and losses very often. This is often due to our inherent fear of making a loss. Therefore, you begin to make decisions based not on information received from the market, but rather on what your profit or loss currently is.

Obviously, this type of obsession is not only counterproductive, but can also be detrimental to the trader. One way to solve this problem is to use a "set it and forget it" approach. That is, you place a stop loss and take profit at the moment you enter a trade, and then simply forget about it.

[✅] Newton's third law

Newton's third law states that an action force is opposite in direction to a reaction force. An example would be a fish swimming in water. Newton's third law states that the force applied to push the water backward is equal and opposite to the force applied to propel the fish forward.

Although Newton developed these laws to study physics, they also apply to other areas of life, such as the relationship between positive and negative emotions.

As traders, we know how destructive strong emotions can be. The real danger lies in profitable trades and high spirits. Just as overconfidence can easily lead to losses, over-celebration of victory can create an imbalance that ultimately triggers an equal and opposite emotional reaction. The more you enjoy your profits, the more disappointed you will become after a series of losses.

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🏠 | BikiniBotton.ru