Post
Topic
Board Trading Discussion
Re: The #1 reason traders find it hard to follow their risk management plan.
by
Latviand
on 31/05/2020, 14:12:15 UTC
Risk management isn't very easy task for traders.

Yes, but if you're willing to do that, you can achieve that. Risk managent is necessary and you need to deal and do that for your own improvement in trading. Most of us here are so stubborn when it comes to following risk management, we need to improve our self-discipline in order to become more effective in trading.

If a trader lost funds during trading then its effect psychologically and he become more crazy to recover his funds. We have lack of patience and greed is another dangerous behavior for traders.

That's the reason why we also need to practice controlling our emotions and avoid those kind of mindsets. If you are greedy enough to recover your less, that will make you double it. It is not easy to perform self-discipline, yes, but you also need to work hard for you to achieve it. Attitude should not ruin your trading, always practice those things whenever you trade.

I believe only professional traders with high skill is able to done their risk managment.

But everyone of us can grow more in trading, learning has no limit. All of us can improve and become an effective trader, we just need to practice it every time we perform our strategies before and during transactions. Experience will give us more lesson and we need to reflect on the results of our trading. All of us can perform risk management if you are willing to minimize your risks, remember that.