Post
Topic
Board Trading Discussion
Re: Don't rush you will still win
by
Dewi Aries
on 24/09/2024, 14:26:00 UTC
We should always have this mentality as a trader that trading is a profit and lost business we do even though there seems to be a form of regular profits we should always think that one day lose can likely happened and we can't avoid it when it coming.

Now how does it come? Good!
It comes when a trader is proving to know it all or wanting to apply professionalism in their trades  then it would automatically turn against them causing a severe loss and even to what they didn't expect of them could likely happened because they aren't cautious of their trades.

Yeah, when a trader start being too comfortable then chances that he might made a mistake and start losing his money, it's best to take time and not to rush anything always anticipate and make sure to have a alternative plans in case things ain't working according to how you anticipate things having good plans and managing both time and finances will help to keep you in-line with how trading works, and same with how most traders do just have that patience inside you then you may take good care of how you adopt and adjust with each situation that you need to face while inside the trade.

True, in fact the situation of success in getting profit can make a trader overreact, not much different from the scenario in gambling where when you win you will feel great and greed will continue to tempt and push you to get more, until finally the wrong decision making is very possible for a trader in that situation.

Therefore I think one of the quite effective solutions is to maintain a level of awareness within yourself, make sure you realize that even though for example now you have managed to make a profit, it does not mean that the results in the next session will be the same. Therefore, this is why we are always advised to apply daily TP in trading, none other than because it is something that will help you to stop immediately when you have managed to make a profit.