2021-10-11 00:15:07
PSYCHOLOGY MASTERING 2.0e
motional Intelligence is very important than trading knowledge, control your emotions by using small lots in your trading.
In trading, keep your mind stronger than your emotions. But how is that possible?
Solution:
Step 1:
Learn more = Gain Knowledge = Confidence to enter and exit the trade with patience.
When your intelligence goes up in trading, your emotions go down automatically.
Every emotion play a big role in trading.
Trading Success = 80% Emotion + 20% knowledge.
After learning a lot of successful strategies, still people fail because of not knowing how to handle the emotions.
You can't avoid emotions, but you can reduce your emotions by reducing your trading account leverage to 1:50 or 1:100.
Reduce the leverage, take the correct lot size depend on money management. Don't open too many trades in a same asset.
Step 2 : change your habit of trading with big lot into a small lot. Gain confidence in holding that small lot trade until it reaches your target level (stop loss or take profit).
Practice this at least for few days to get confident and disciplined on holding the trade.
and once you have done this with patience, you will become a better trader than most of the traders out there, that I don't
promise because I
guarantee you.
Have a great kick-start, & wonderful trading week my
ELITE TEAM no loss must be taken this week, don't enter too many risky trades with your last capital.
FOREX ELITES | CEO
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