Reclaim your trading confidence: Ways to trade that avoid frustration, aggravation, and self-doubt

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Psychology News

Strategy,Technical Analysis

Why not enter now? On the surface it seems straightforward.

Keep reading to discover trading methods to avoid psychological hurdles using recent trading to illustrate... We've all experienced the difficulty of piecing together a jigsaw puzzle. Now imagine attempting that puzzle without ever seeing the final picture. It becomes daunting lacking the guiding vision necessary to piece it together. When executed properly your game plan projects a vision of the market's future movements—eliminating the daunting prospect of trading blindly.

Looking at the chart below, would you enter short now? How about now? Or should you go short now? If you'd held your short from the pink arrow, you'd be down approximately USD 1000, a little better than the USD 1600 you were down minutes earlier. But it could get much worse from here. Correct? You'll see what happened in a minute. But before you see the trades, in fairness, that was a 'loaded' game.

 

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