This article will summarize the common trading psychology lessons that any trader needs to equip.1. Boldly enter the orderBefore entering the order, the trader needs to analyze, we need to anticipate all the bad to good situations that may occur next. But one thing is for sure, traders do not count on the market. There will be situations where you will certainly not be expecting, so it's best to discipline yourself and give yourself a good plan and then to order without thinking too much.
2. Do not look to perfectionPatient waiting for good opportunity is one of the elements of successful trader. But the chances, albeit good, can not guarantee a definite victory. Market uncertainty, always probability and risk. So do not go for perfection, but focus on the rules on the command.
3.Avoid personal prejudicesOne of the most common psychological factors in young traitors. They usually do not focus on the chart, but just speculate. The information on the chart is the most accurate, analyze based on them, do not attempt to label a certain stereotype of yourself into the market, it does not help you, but only create a burden and mental pressure.
4. Accept lossesIt is difficult to do this, including skilled traders. Accepting losses is one of the top factors to turn you into a profitable trader. Fighting back losses simply makes you lose more.
5. Do not worry too much about statisticsSometimes, looking at trading or diary results, you will see negative numbers, which can be a negative result, or a long series of losses, so tired of seeing the numbers. no Trading is a long-term game, think about the future, have a long-term vision, you are investing yourself, not throwing money into casinos, so those numbers are only a very short part. Trading distance ahead.
Very good, psychology and character education in one post will open our mind about another side of trading world. But I believe this is also basic knowledge and everyone already knows that, but how people can disciplines to do is important thing. You should include the limit for all subject because go with out no where to stop is not right. As trader/ investor I can say you have enough knowledge to share, thank you very much.
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, it's primary trend is down for more than a half-year. Even current intermediate trend seems rising it may eventually end with as previous bottoms. Last time btc rised altcoins didnt rise well. They still have time to rise but when btc starts to fall it will take altcoins with it. So if you have short mid term investments on altcoins prepare for exit. You can catch a last ride oncoming next weeks parallel to btc run. while exiting from altcoins do not calculate them with /btc prices just think them as /usd so that you can see your real profit. Even if you are in lose i recommend you to exit. You may enter later or never.
