Quote from: gabbie2010 on December 25, 2019, 08:15:24 AM

Quote from: DevilSlayer on December 10, 2019, 09:11:06 AM

Quote from: drlukacs on December 10, 2019, 08:48:12 AM

Quote from: yarlungzangbo on December 10, 2019, 05:47:52 AM

Usually, we are trading with market, and we have our own trading logic. But , after you are trading for a long time , you will find you are trading with yourself and the biggest enemy is you.

You may have a good trading logic , and you always earning money from the market , but you are still afraid of lossing, am i right?

Every trader should believe in his own trading logic just like a belief, you can't move it. Lossing are not terrible and you should like it.

So i have some advices:

1. make sure you are believe in your trading logic
2. record the reason when you open trade
3. take profit and stop loss strictly
4. back to the records when you close trade, and think why you are earning or lossing
5. according to the records , if you find something wrong with your trading logic, fix it
6. do the things 1-5 above again

Does any trader record the reason of opening trade? And how do you guys practice it? Let's talk about it.

Yes, I do it every day. I am also a newcomer here and I want to trade better after a few months so I decided to follow the instructions of the previous ones. They tell you to keep a record of your transactions every day for a full reason. when you lose, you still have to do it so after 3 months, you will have something to read and understand where you went wrong. Besides, taking notes shows that you are a well disciplined person and it will create a habit, it will make you love your work more and it will soon make you more professional.

My mentor is also said that my enemy in trading is myself. Even if I created the best plan but I failed to execute it, I will suffer losses. We need to be discipline and for us to achieve that our focus should be improving our trading psychology where we can understand our emotions and thoughts. By doing that our trading skills and our mentality will improve and we can have better outcomes.

Discipline is my major enemy in my trading journey this is an area I need to work on, my plan as a binary options trader do work but greediness wouldn't allow me to stop trading for that day until I started incur losses, My trading psychology needs orientation too it would surely makes me a better trader I really valued all those advices.

Discipline most important have adopted by every trader when they have watching and analyze with bitcoin and altcoin price and keep exist with how much profit target earn, many trader looks greed when their coin trading have raise with higher price and want keep holding until get much profit, but the have make big mistake because some coin after raise with higher price become down and never up again.