January 30, 2018 at 9:45 pm #242
In the trading market, you would have to evaluate your performances so then; you will be able to understand the things you did in a wrong way. Without improving the performances you cannot succeed in trading. Actually, through evaluation, you will be able to understand where your performances lie when you consider the Singaporean traders they make sure to evaluate their performance so it has made them achieve. There are both good and bad trades you would have to face but then, you should learn from the bad trades. Through proper analysis, you will be able to become a better trader. You should be accountable for what you do so when trading if you are making mistakes, you are accountable for it. You should take necessary steps to avoid such mistakes in the long run. The success in trading definitely depends on improvement and accomplishment. You should improve the level of trading through many ways. You should put the maximum effort to become a successful trader although it is not easy. So let us dive in to find more about accomplishment and improvement.
Life of the full-time trader is not so easy. Every single day they are placing a trade by taking a certain amount risk. There is no assurance that their trade will hit the potential stop loss or take profit level. For this very reason, the expert traders always say to trade this market with the proper risk-reward ratio. Being a new trader it’s very obvious that you will have some losing trades. But this doesn’t mean that you will stop trading. You need to embrace your losing trades and go forward to trade the next possible trade setup.
Giving up although it is easy to trade
How many of you have given up just like that? How many of you all were worried about giving up? But is there a point in regretting now? Of course, there is a point in regretting now because you have started to understand your mistakes. Not only in CFD trading even in Forex the traders do this mistake of giving up thinking that they cannot succeed? Are we right? Why do you have to back off if you are well-planned and confident? Have you ever wondered how Singaporean traders had succeeded? Well, they did not succeed without hard work but that is not the point, they were confident when trading likewise, you should be confident when you are trading. You should not set boundaries because you achieve beyond the potential. If you set boundaries you will not be able to go above that that is pathetic. So far, if you had been doing that, it is the high time to change the method. You should take heed and try more. If you make a promise to yourself that you will do much better this time, it will be like strength.
Regretting is good but not ALWAYS!
You would be confused because in the previous passage we spoke about the positive vibe in regretting and now, we are discussing that regretting is bad. Well, what we are trying to explain is regretting is not bad but mourning for about the past is bad. If you were unable to take that trade let it go, try for another. What is the point in running after something which has gone? Aren’t you missing the good trades? So, the gist is, you should not regret ALWAYS because it will be an obstacle to your success.
The ultimate reason is emotion
Regretting or not regretting whatever it is, when you connect the dots you will end up with the emotions. Basically, emotions are the main reason why most of the traders fail to trade. As we alluded above, you should evaluate your performances so you will understand where you went wrong and you can accomplish much more in trading.
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