Post
Topic
Board Trading Discussion
Re: How do you combat your weaknesses in trading?
by
Restmand
on 18/01/2021, 14:49:26 UTC
My major problem in trading most definitely is Poor risk management. I sometimes see myself more like a gambler then a trader. With that usually comes overtrading because i want to trade for kicks, and even losing gives me kicks. But i try to combat that by trading with at least 4h candles so the time between the swings will be longer, and i will use 1d candles too just to be sure. And naturally leveraged trading is a problem for me.

I have been personally medicating my adhd to not to be so reckless, that i can keep a clear head and most of the time i try to do the exact opposite that my feelings are telling me. Just because i know that the whole game is rigged against my feelings, and markets usually act the exact opposite of how i feel of them.

I admit that some of you might not see some these options as problems in crypto trading, and sometimes aping in is a way to make the big bucks.

TLDR; i guess i wanted to ask that have you guys learned any lifehacks to overcome your weaknesses?
Mine I have lack of patience, I cannot for the enough and exact time when to buy and sell. I have always got FOMO since I am too greedy with my trade. I need to control myself in how to be patient and get some ideas by researching and never stop learning on trading.