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Psychology Of Trading

Does your trading tick all 6 boxes or are there any areas you need to work on:Do you have an edge? Trading futures is a zero sum game - you must have an identifiable edge over the other market participants.There is an old saying that the market is driven by fear and greed. Anyone that has placed more than a couple of trades will surely have experienced these two emotions.

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Psychology Of Trading

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  1. Psychology Of Trading The fear of taking another loss now controls their trading decisions, they might move their stop further out so the market doesn't take them out for a loss. They might ignore the trade, hoping that it will get back to at least breakeven - the daytrade becomes a position trade of a few days and then it becomes a long term 'buy and hold' strategy.The successful trader, of course, will know from extensive testing of his system that such trades happen and that the trade might come round or it might hit the stop. This trade is going to the moon so he removes his price target and decides to let it go. Greed has now completely taken over his trading decisions and the previous plan (if any) is ignored. Of course, markets rarely move in one direction for long and when the market turns the greed turns to fear as the dream slips away and the trader tries to hold on until the price gets back to where it was. The daytrade becomes a position trade...The successful trader has set a target, either a certain price or a timed exit and will stick to it. If the trade only takes 5 minutes then that's just great, there's plenty that won't.Success in any profession can be broken down into a number of critical factors. Trading is no different. https://freepdfreview.com/the-eb-formula-review/ https://freepdfreview.com/traffic-monster-partnership-program/ https://reviewforyou.co/forex-artificial-intelligence-makes-you-money-even-while-you-sleep/ https://reviewforyou.co/turn-out-the-lights-on-sleep-disorders/

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