MANAGING YOUR EMOTIONAL EQUITY & TRADING CAPITAL

[FX4Newbies]

Hello Trade2Win Community,

In this thread, it is my goal to discuss the heart-mind issues that traders experience via discussions, and also from an experiential standpoint, i.e. through looking at and studying actual trades (via videos). Why actual trades? It is because during the trade itself is when the emotions tend to surface. In my trading journey, I have seen people panic when losing, which I think we can all understand, but it can also happen when winning. Emotions can be very tricky, and so in order to succeed at trading, we need to be able to handle them (the emotions) in a way that works for us.

This thread is about discussing and finding ways that would help traders to manage themselves better. Of course, a trader would also need a sound trading method or edge which they are able to trade. Once that method is in place, and the heart-mind connection is solid, then the path is ready for a trader to be the best they can be!

This thread is for traders who want to succeed at trading.

Looking forward to the journey!

 

[FX4Newbies]

Starting off, I would like to make some foundational statements:

1. Every trader is different, so each trader needs to have an understanding about what their emotional triggers are in trading.

2. Traders MUST accept the fact that trading is risky, and they can and very likely will lose money at some point.

3. The price action is designed to trigger the emotions of the fearful. If you trade impulsively, jumping in without a system or method, you're already trading on the proverbial "wrong foot".

4. Fear of loss is one of the most deadly fears in trading. There are others which we will discuss.

5. The trader is responsible for bringing COURAGE to their trading. There is no escaping it.

We'll take a look at this further...leaving this here for now.