It's Sunday,๐๐๐ the Forex market is giving up ๐ค, and the Cryptocurrency market is behaving strangely,๐ so it's time for selfdevelopment.๐ช๐ป๐ช๐ป๐ช๐ป
โบ๐Let me try to give YOU some advice from my own experience, maybe they will be useful for you ๐๐๐
Let's Go๐๐๐
๐KEY ERRORS OF THE MARKET PLAYER๐
๐ฉWaiting for a great deal and big profits ๐ฉput stop losses ๐ฉAttempts to catch up with the market ๐ฉEmotional trading ๐ฉConstant desire to trade ๐ฉRejection of losses and attempts to immediately recoup
๐คTIPS FOR RIGHT PSYCHOLOGICALLY TRADE๐ค
๐Chart levels at which you will enter into the deal and exit a position. ๐When you enter a position, all further market's movements you see through the prism of your position ๐The next movement of the price can make change your tactics. ๐Having analyzed your deals with trading plan, you (with high probability) understand - that most unprofitable transactions were outside the trading plan; - that you are not included in the potentially profitable and planned transactions. ๐Remember these moments the next day. ๐Try to make less unplanned deals and more planned. ๐Look into eyes of your losses. ๐Don't count lose as the result. ๐Failures will always be.
โคIMPORTANTโค As soon as you close unprofitable transaction - stop thinking about it and focus on the next entry.
NEVER make a deal right after something read heard. Almost always, these deals are unprofitable.
โกEMOTIONAL SETโก
โ Don't try to trade emotionally. โ you have made more than two losing trades - spend the rest of the time to analyzing the reasons. โ If the reason in you - take a timeout. โ Don't get euphoric after a series of profitable deals. That's as bad as depression. โ Always be determined to make money, not to lose it.
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