Post by mohaimenul on Aug 17, 2017 10:24:13 GMT 8
The riskiest time to trade
Have you ever noticed that after a continuous winning trade you often lose money on the next one? Well, it seems that something you can stop, at least sometimes. You see, after a winning, there is an excitement that can cause traders to want to jump back into the market without a signal being started.
False confidence and even obsession of getting rich can destroy you. And what are you getting from winning the trade that can end your trading work just as it’s beginning to take off? After a victory, we may literally see the patterns on the charts that are not even there; we convince ourselves into jumping back in the market, subconsciously.
Before we continue, let me be clear, you cannot avoid all losing trades, sometimes they are just regular statistical phenomena of your trading edge. What we are discussing about here are the losers that you can prevent; the ones born of emotion, fueled by brain chemistry that you are apparently unaware of and that you need a well-planned Price action forex trading course to deal with.
After a winning trade, next trading time is the most dangerous time to trade. When we win a trade, we feel good. there is no denying that and you cannot stop it, and why would you want to, right? However, this euphoric feeling can drive to a disaster of you are not aware of it and how to deal with it. Price action forex trading course can help us for control our emotion as a professional trader.
Our brains will try anything to keep that happy feeling from an uncertain situation. When you entering a trade, create an event that previously made you money and made you happy, thus this feeling keep the ‘high ambitious’ going. You can understand how dangerous this is and how it can cause losing your next trade. It is up to you to understand this and make sure you are only going for the good ones. You must understand your own mind and control it so that it does not control you in negative ways.
Solutions
1. You have to a trading strategy that you fully understand and can define.
2. Build a price action trading plan around the above strategy.
3. we just need to understand and learn that by filtering and following our plan. We can hopefully be in a situation where these releases of false confidence, are not causing us to become addicted to the feeling of simply being in a trade. We may take Best forex trading signal provider’s help. Some are really professional & helpful, like FT4U.
Summary
The real way to avoid giving back trading profits is by making sure you have no doubt about what you’re looking for as you scan the charts every day. When you reach a point of having mastered your trading strategy, you only need to build a trading plan around it and stick to it, to filter out the emotion-based trades that traders often make. If you want to stop losing money unnecessarily in the market, it’s time to take the first step on the right path.
Have you ever noticed that after a continuous winning trade you often lose money on the next one? Well, it seems that something you can stop, at least sometimes. You see, after a winning, there is an excitement that can cause traders to want to jump back into the market without a signal being started.
False confidence and even obsession of getting rich can destroy you. And what are you getting from winning the trade that can end your trading work just as it’s beginning to take off? After a victory, we may literally see the patterns on the charts that are not even there; we convince ourselves into jumping back in the market, subconsciously.
Before we continue, let me be clear, you cannot avoid all losing trades, sometimes they are just regular statistical phenomena of your trading edge. What we are discussing about here are the losers that you can prevent; the ones born of emotion, fueled by brain chemistry that you are apparently unaware of and that you need a well-planned Price action forex trading course to deal with.
Why we take risk after winning
After a winning trade, next trading time is the most dangerous time to trade. When we win a trade, we feel good. there is no denying that and you cannot stop it, and why would you want to, right? However, this euphoric feeling can drive to a disaster of you are not aware of it and how to deal with it. Price action forex trading course can help us for control our emotion as a professional trader.
Our brains will try anything to keep that happy feeling from an uncertain situation. When you entering a trade, create an event that previously made you money and made you happy, thus this feeling keep the ‘high ambitious’ going. You can understand how dangerous this is and how it can cause losing your next trade. It is up to you to understand this and make sure you are only going for the good ones. You must understand your own mind and control it so that it does not control you in negative ways.
Solutions
1. You have to a trading strategy that you fully understand and can define.
2. Build a price action trading plan around the above strategy.
3. we just need to understand and learn that by filtering and following our plan. We can hopefully be in a situation where these releases of false confidence, are not causing us to become addicted to the feeling of simply being in a trade. We may take Best forex trading signal provider’s help. Some are really professional & helpful, like FT4U.
Summary
The real way to avoid giving back trading profits is by making sure you have no doubt about what you’re looking for as you scan the charts every day. When you reach a point of having mastered your trading strategy, you only need to build a trading plan around it and stick to it, to filter out the emotion-based trades that traders often make. If you want to stop losing money unnecessarily in the market, it’s time to take the first step on the right path.
Attachments:
