TheBramble
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Please stop.
Whenever a person feels lost, I know it could really hurt a lot, that it seems that you almost give up of what you've started. But, as a brave person, you should be able to struggle, in order to win next time. In every ups, there are downs. Once you lose, all you have to do is strengthen your believe in yourself, and try to work on what you have failed. Practice makes perfect. In every suffering, there's a cure. So, if ever you got lost, let's say, you were down on your business and got losses, you should have strategies, in order to put yourself up, to earn profits now. You should set goals and practice doing it. And, always believe on what you do!
Like a verbal laxitive:cheesy:It's like Joe Ross on speed.
There is one way to think right about trading. Once you place a trade, stop loss and Take Profit forget about it. Don't do anything with the trade, chart or currency pair. Go to bed, go for a walk. As soon as trade is close you can analyzing you decision.
Act like you are successful, profitable and wise trader, and sooner or later you will become him.
Not really a valid comment for a level 2 discretionary momentum trader but for a swing trader, maybe it could be useful.
Its occurred to me why we get hurt by losing.
When you initiate a trade, you enter a grey-zone of uncertainty.
The market needs to move to either confirm our analysis, or not.
Losses hit quicker than wins.
For example, if you're going for a 3:1 reward-to-risk, the chances are if you lose, you get immediate feedback. But, when you win, you have to wait longer to be proved right, so you remember the hurt of losing more because of its immediacy.
I wonder if the quicker feedback of taking a loss has some bearing on how we feel about them, as opposed to waiting longer for wins.
This assumes a greater reward than risk.
If you go for 1:1, dunno. Perhaps 1:1 should be a starting point for newbies to get past the emotional impact.
EDIT: If you're wondering why I have been posting too much. I have moved to a higher TF, and have way too much time on my hands. sorry!
I am a novice trader and the subject of emotions is very complicated, I have read a lot in reference and it is not easy but it needs a lot of help and self-control
I'm excited when winning and cant sleep between the trades
True! Handling emotions isn't an easy task, but then who is able to achieve it, gets a good hold on his trades.I am a novice trader and the subject of emotions is very complicated, I have read a lot in reference and it is not easy but it needs a lot of help and self-control
Well said.No need to run down the street laughing insanely,
But just enjoy the win. It encourages one up to better efforts to win.
No point into becoming an emotionless zombie either.
Life is fun...….