He is telling what most traders should have learnt , before you start learning trading. Most people lose money , then they "why they can't make money".Who is the person on the video and why we should listen to him anyway ? Does it sounds all good ? Why we should listen you I already understand really here. How long in average each video ? I may browse them today's night or so for many other views.
Basically; making a profitable trading system is quite challenging; by the way, from the last 5 years I have been working with Price Action trading strategy! It’s quite interesting to me.Dealing with sentiments can help a trader to make certain proper choice of trades so that his investment can be appropriate as per his trading abilities. And a trader should also try to use proper trading plans that will actually guide him in realization of his trading purposes. However, yes, right choice of trading strategies can also smooth the evolution of sensible assessment making within his financial abilities to trade.
You are on the right track buddy. You are managing your money well, and that’s really important. Wish you luck for the future.I never spent more money than I am afford to loose and it really helps me that way. I do not even understand what do you mean by all of that honestly. I do hope it will be all that much for you as well. People start to see something else anyway.
I agree with you completely. Controlling emotions while trading is one of the biggest challenges and only you need to figure out how you can avoid them. A trading plan or a journal can also help you avoid them to some extent.Having control over your emotions can be the demarcation line between your success and failure as a trader. Your mental situation has a lot to do when it comes to affecting your trade decisions, b it a beginner or an experienced trader.
Some of the common emotions that people find hard to handle while trading are:-
To manage your emotions, pre-planning is really important. Make use of stop loss and take profit options to avoid trading issues later. Do not trade forcefully. If you think the market is not on your side today, then just step away. To lower down the emotional effect, just start trading with smaller trade sizes in the beginning. Also, lowering the leverage size is helpful to handle your emotions.
If the above things do not work, then there are various free trading guides that can help you in managing your emotions. You can always make use of them as well.
Having a trading journal is the best practice! Initially I maintained offline based journal but now I am make dealing with the online based journal!I agree with you completely. Controlling emotions while trading is one of the biggest challenges and only you need to figure out how you can avoid them. A trading plan or a journal can also help you avoid them to some extent.