Topic: 4 situations that traders should suspend trading (Read 131 times)

I have some experience when i trading. so i think it's good when sharing to some newbie.

Trading has never been an easy job. Sometimes you will encounter negative situations that cause negative results as well. But not everyone is "brave enough" to shut down the machine at those sensitive times, it may be because the flow of emotions is too strong, so the trader can not escape. This article, I will list some typical situations.

1. Lose Chains

This is not a rare situation if you trade long enough for the market. Whether you are a veteran trader or a newbie, it is very difficult to avoid losing the chain. By simply losing the sequence is part of probability. We have to accept this reality. The problem is, how will your response to this difficult situation.

If you have a steady mind, iron and steel psychology, then the loss chain may not be difficult for you. But in the opposite case, you are a vulnerable person, probably the safest solution is to temporarily shut down the market.


2. Win Chains

The opposite is the winning sequence. At first glance, winning the series is a good thing. However, the reality is not so good. Winning chips will push you to the ultimate happiness. This is where greed can arise in you. The longer you win, the more likely you are to place orders at risk. That's why you should stay calm, and take a moment to rationalize back in such cases.

3. Bad mood

In order to have a "solid" trading mood, you first need to have a good mood. But the problem is that our mood is not always good. There are bad days, probably because of the pressure from work, maybe by weather, ... 1001 reasons to have a bad day. In such situations, it is best not to touch trading, you can vent your anger, and I think that's not a good idea.

4. When you lost your account
If you leave your account on fire, psychological retaliation may arise. This is normal, no one wants to accept himself, no one wants to admit he is wrong. And when that happens, we'll find ways to remove the gauze instead of pondering the error. And one of the ways to remove gauze is to continue to fund the account and re-type the way that the account was burned. That would be a vicious circle without a way out.
thank you for your attention.