Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

asiaforexmentor

Free Daily Price Action Forex Trading Strategies & System From Asia Forex Mentor

Recommended Posts

Trading Psychology – Conquering Your Emotions

 

A lot of traders can actually feel their emotions in place when they place their trades. And seeing their trades taking place.

 

Emotions include:

- Heart Thumping (Beating faster)

- Sense of Anxiety

- Nervousness

- Excitement

- Irrational Behavior

- Frustration

- Desperation

- Hatred & Revenge mindset

- Devastated

- Always feel that the market is going against you

- Etc,

 

If you feel any of the above in trading, it is normal. The market is set for you to feel this way.

 

Which is why to be a successful trader, 80% is about conquering and mastering trading psychology.

 

And some of the reasons that you could be feeling any of the emotions above include:

- You are trading way beyond your risk level (Trading too high an amount of your capital)

- You have not calculated your proper risk size before entering

- You entered based on Gut feel

- You fully expect and anticipate that the market will go your way according to your previous experience or something which you had learnt – but it Didn’t..

- You are trading on a money that you desperately need. (Eg. borrowed money, food money, life saving money etc..)

- Etc.

 

If you have experienced the above, stop trading for the moment.

 

Remedy:

- Go get a shower and analyze what had gone wrong

- Go for a stroll in the park, beach etc..

- Self Reflection

- Meditation, calming exercise

 

Ask yourself, are you trading the right way?

Are you actually trading or gambling?

Do you have a proper trading system?

Did you entered on proper setups (eg. price action) or you entered based on your gut feel?

 

Trading is about self analyzing, discipline, self control, and sticking to your trading system.

 

It may sound tough at first, but once you start practicing the stuffs here for 20 days. It will then become part of you and you are no longer putting any conscious effort in applying the above.

 

 

 

To an awesome trading as always,

Ezekiel Chew

Share this post


Link to post
Share on other sites

I would add yoga. A good yoga school helps with stress a lot, and assuming you're a hetero male, there are plenty of women :D There's a big difference between a good school and a mediocre one, so do some research. It should help a ton.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.