How to save your nerves and make trading enjoyable?!
What to do if you have already decided to embark on the path of trading, but are facing psychological problems. First of all, let's identify these complexities and reiterate them:
1. Fear of entering a position. Even when the formation being traded is familiar to you, and the entry seems obvious, you look at the candle going up, but you still cannot force yourself to press the BUY / SELL button. The market goes in the expected direction. The mood is spoiled today.
2. Fear of being in a deal. You made an entry according to the trading system, provided for all the nuances, placed a stop order, but the sensations of a possible loss of money are so unpleasant that they make you drop everything, deviate from the plan and, in the end, close the deal.
3. Bad mood, irritability from a deal closed in the negative. You skillfully entered the position, checked the entry on the trading system, at first everything was in order, but catch the stop loss.
Familiar? So know. These emotional reactions are typical for those who have just begun to connect their path with trading. Medicines for these "diseases" are also known:
A. Formalize your trading system. If the deal matches it, enter. Why is it so easy? The fact is that in the long term, a high-quality trading system has a statistical advantage. And if you follow it correctly, then a positive result is almost guaranteed.
B. Start trading with those amounts and those risks that are insignificant for the deposit. But not a demo account. If you are responsible for small amounts, then the risks at first will be insignificant. But the emotions will be quite similar. Mistakes made at first will teach you to do the right thing. But the fee for this will be much lower than the merged deposit. Gradually increase the amount of risk as you grow in experience.
Q. Periods of negative values in a position will have to come to terms. If you are confident in your actions and the trade corresponds to the trading system, know how to wait and hold the position. This is the nature of this profession. After all, even if something goes wrong, then you are insured by a powerful medicine - a stop loss.
G. And, finally, the last. To get rid of psychological fears and trade easily - you need to trade. Psychological stability will come with experience and professionalism, when you get a feel for the trading system and get your hands on trades.
Good luck with your quality deals!