Post
Topic
Board Trading Discussion
Re: Stop Trading
by
JohnBitCo
on 04/10/2023, 10:35:03 UTC


It is not a must to take every trade and it is not a must to trade. Have you experience difficulty in the Financial Market or disappointment that affected your well being. Stated below are some essential things you need to look out for once you noticed them please stay off the market.

1) Series of Losing Trade

 If you noticed that the losses you had are more in a series of trade you took then take a break. If you proceed you will start doing revenge trading and lose out. A break will help you re-evaluate yourself and maintain psychological and emotion balance.

2) Market is Consolidating

Surely there is no direction in the Market once it is consolidating. This will waste your time and make you make irrational decisions.

3) When Emotionally Unstable

Are you angered, troubled, disturbed, or even excited etc. At that point don't engage the market.

4) Market Conditions are not Favourable

Every technical Analyst knows when things are unfavourable. The skill of spotting unfavorably conditions in the market is gotten by practice and study. If you are a technical analyst and you don't know please try and develop yourself.

5) When your set-up is not established

You know your pattern of trade and your set up more than I do. Once this set up has not been confirmed or has past don't trade. Don't help the market.

6) Financial Pressure

Don't put your financial burden on the market if not you will have yourself to blame. What is good is that you make a term plan and stick to it. Be gradual and moderate in your pursue of profit.

7) Series of Successes

This is difficult as one success makes you want to go on and on. Know that with series of successful trade especially in a season comes with over confidence which will make you not pay attention to your rules to effectively execute trade .

NOTE: These are not rules but advise that will advance you and make you profitable.

Do well to write what your intake is on the subject of discussed.
Trading is the best way to make money so why do you stop trading? You said that you picked a loss, In trading if you didn't pick a loss then you cannot say that I am a trader. I know that some financial problems are held but in every field, you have financial problems.

Trading is the best. I learned many things from trading. Smiley