Trader's Queries - Manual for trading - Part 4
Diupdate
Query : How to over come losses and become a profitable trader?
Answer : This is Part 4. If you are new, refer Part 1, 2 & 3 for better understanding.
Step 9 :
In the earlier stage of trading, every trader goes to the “victim state” of mindset often. Try to bring your mind out of it soon.
What is the victim state of mindset?
Example : Person A feels powerless during trading because of uncertainty of the share market.
Person A's Interpretation :
Only my stop loss get hit.
Why it is me always?
Why market turns against me whenever I take a trade?
Why my strategy fails when I apply it in live market?
These interpretations trigger the following emotions.
Fear
Worry
Frustration
Confusion
Anger
How to over come it?
Person A should
Improve his technical knowledge.
Have to accept uncertainty is the certain state of share market.
Improve his trader’s mindset.
(To be continued...)
Answer : This is Part 4. If you are new, refer Part 1, 2 & 3 for better understanding.
Step 9 :
In the earlier stage of trading, every trader goes to the “victim state” of mindset often. Try to bring your mind out of it soon.
What is the victim state of mindset?
Example : Person A feels powerless during trading because of uncertainty of the share market.
Person A's Interpretation :
Only my stop loss get hit.
Why it is me always?
Why market turns against me whenever I take a trade?
Why my strategy fails when I apply it in live market?
These interpretations trigger the following emotions.
Fear
Worry
Frustration
Confusion
Anger
How to over come it?
Person A should
Improve his technical knowledge.
Have to accept uncertainty is the certain state of share market.
Improve his trader’s mindset.
(To be continued...)
Catatan
Next part will be posted in few days.
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