Stop making trading harder than it needs to be

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Psychology News

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Do you know what makes your trading harder than it needs to be? Limiting beliefs, self-defeating behaviours, and unrealistic expectations.

But what do you know about eliminating them? Do deep meditations or thought control come to mind The good news is, it's far easier than that. Keep reading to discover the simple cure illustrated with real-world trading examples. Now I bet you're a bit like me:You have losing trades. Tuesday starts with two losers in a row, as you can see in the chart below: Quick question How do two losses in a row make you feel? Hold that thought. The next trade was a long trade.

Did those mistakes sometimes lead to impulse trades? Guilty! But when you have developed the skills and experience necessary to trade successfully, you gain a new perspective. When you only make trades that align with specific trade criteria that you've traded hundreds of times before, you don't make many mistakes. But some mistakes are okay, aren't they? Trading, like tennis or golf, is not a game of perfect. I make mistakes every day.

 

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