indeed still is, the average because we often forget to have any rules when dealing with our trade markets and our emotions provoked by the marketQuote:
Originally Posted by fravash
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indeed still is, the average because we often forget to have any rules when dealing with our trade markets and our emotions provoked by the marketQuote:
Originally Posted by fravash
yups that is right, because this bad pshycologi sometime we trading without money management, another word is trading like gambling.Quote:
Originally Posted by dead
ya sure when our mental condition is not good means our psychological condition is not good then its hard to concentrate in market and if there is less concentration then there is less analysis also and ultimately the result is bad. so i think to do forex we need to careful because if there is fault it leads to loss.Quote:
Originally Posted by pipsdragon
yeah the main thing is loss of concentration and it is due to bad mental conditions due to bad psychology.And when we trade in a condition like this it makes situation more difficult as we do not properly analyze and just open trades.Quote:
Originally Posted by vicky
we need change (for better results) constantly in this business. and we have to learn to leave all those negative points/qualities which seriously impact our trading. the tendency to repeat the mistake again and again, even though we know it, is very high so to control our emotions is really a very very big task which should be mastered as soon as possible in order to be a good traderQuote:
Originally Posted by fravash
yes friend its really play a great rule to loss again if we unable to concentrate with our full attention. actually when there is some loss then naturally it happen to unable to keep mind cool and due to recover soon or revenge mentality we enter the market again and ultimately loss again. so its really necessary to keep concentration first and if loss then better not to trade few times.Quote:
Originally Posted by blackprince4u
yep, youre right, the market just play me like a doll, i dont know how but it seems the chart dancing in my head asking me to join the market quickly without considering the condition of the marketQuote:
Originally Posted by dead
well, par trdaer ke pas utna time kaha ki wo agle din ke strategy ko note kare. mujhe to lagta he ek good trader har waqt technical and fundamental analysis karke market me jate he. or ek accha trader har wawt market me entry nehi lete . wo bas sahi mauka ka intezar karte he.Quote:
Originally Posted by ganguly
yes you are right,Quote:
Originally Posted by fravash
we like being played by the market when we experience a high level of emotion.
open position, and no open positions also makes us suffer.
like if it happens, we do have to close the chart and went to refreshing.
if a trader simply trades on what he sees based on commonsense approach, then such trader is a successful trader. the moment your mind starts to wander into other areas and starts to forget the basics, trouble starts. previous days' trend are helpful, but keep aside sometime before trading to see what happened in the time between we went to sleep and started the next day's trading. trends might have reversed or extended and may continue or reverse. be realistic in all that we do. i think that will be more digestible than coming to market with some preconceived notions about it.