Almost a 85% of people failed because of human error and not by trading itself. The number one error im talking about is panic selling. Two words but put people in stress and losses big time. So how can you manage to avoid getting stressed easily and panic sell? Im telling you some.
- before you enter trading, strengthen your mind for incomming stress. Trading is stressful in nature so always get ready to get stressed.
No, I don't think we need to be too focused to get stressed in trading. When stressed, our brains will not work best and it is easy to generate negative thoughts that affect our portfolio.
We should be comfortable and have a cool head. When you're comfortable and happy, your decisions are often very smart and reasonable.