You sure you're in here for the cheap thrills and entertainment? Not about the money? cause if that's the reason why you're trading then you might be better off gambling lol. There's better and more achievable thrills in there than looking for it in trading if you'll ask me. So yeah, with that being said, and I'm not saying you should take this shit seriously, cause at the end of the day trading's not really that big of a deal, but it seems to me as if your interests are misplaced, since you're seeing trading as nothing but an avenue for you to experience thrill and fun while the rest of us here, and again, we're not really hating on you on this, are looking at trading as a way for us to make extra money on the side, some of us here even making it our main source of income.
Think about it man, check yourself if you're really for trading or for something else.
Topic: The pressure,fear and indecisiveness that comes with trading. (Read 1012 times)
In fact, Trader is simple and easy, if done right. What is difficult is controlling yourself, forcing yourself to trade even though you don't have the knowledge and can't wait for the moment to buy and sell. Making mistakes over and over again does not turn those mistakes into learning and greed. This is what causes a person to experience pressure, fear and doubt when trading.
That is unfortunately true, a lot of people do not realize this but it takes time for people to get used to having what they imagine they could have. People do think that they could simply just make a profit right away, when in fact that is not the case and you may have to wait for it a bit, and usually most people are not willing to wait for it.the expert traders that I know always setup long/short order at certain price, around the resistance and try to profit off the bounce back, they usually set TP/SL as well and each order to be filled usually takes 1-5 days sometimes more depend on the market.
the amateur trader that I know instead just look at the market chart, if they find the price is high they just shorted it without doing proper analysis first.
see the difference, the expert trader trade with patience and informed decision making significantly different than the average people who aren't really that good with trading.
the key is always patience and self control.
Using little capital when you start trading can't be emphasize on more as the losses that traders get starts when they began trading. If you use a small capital, you would no lose so much money when you start trading that you'll be behind and trading to makeup for your losses.
Dummy trading sounds even better than small capital, you would not be losing anything more than time and some pages if you are doing it physically and not even that if you are doing on a excel sheet.Emotions are common when you are having money at hand and you know that you can double it or lose it all. Hence the above needs to be practiced and emotional blunted as much as possible. If you cannot do that then trading is not for you - this needs to be realized quickly by the trader.
Also you dont need to trade everyday - in fact day trading is not even recommended for anyone who is not already a day trader.
Moreover, trading everyday brings greater risk, that's why it's never meant for newbies or inexperienced traders. Even professional traders still lose in day trading.
Using little capital when you start trading can't be emphasize on more as the losses that traders get starts when they began trading. If you use a small capital, you would no lose so much money when you start trading that you'll be behind and trading to makeup for your losses.
Dummy trading sounds even better than small capital, you would not be losing anything more than time and some pages if you are doing it physically and not even that if you are doing on a excel sheet.Emotions are common when you are having money at hand and you know that you can double it or lose it all. Hence the above needs to be practiced and emotional blunted as much as possible. If you cannot do that then trading is not for you - this needs to be realized quickly by the trader.
Also you dont need to trade everyday - in fact day trading is not even recommended for anyone who is not already a day trader.
When they know what type of person they are, they should be able to understand more about what they will do, stop or continue. But they can also learn a lot to control emotions, and it is better to learn that first before entering the trade. It is better to wait longer but at that time we are really ready than to force ourselves when we are not fully ready.
Using little capital when you start trading can't be emphasize on more as the losses that traders get starts when they began trading. If you use a small capital, you would no lose so much money when you start trading that you'll be behind and trading to makeup for your losses.
Dummy trading sounds even better than small capital, you would not be losing anything more than time and some pages if you are doing it physically and not even that if you are doing on a excel sheet.Emotions are common when you are having money at hand and you know that you can double it or lose it all. Hence the above needs to be practiced and emotional blunted as much as possible. If you cannot do that then trading is not for you - this needs to be realized quickly by the trader.
Also you dont need to trade everyday - in fact day trading is not even recommended for anyone who is not already a day trader.
In trading, nothing is instant, everything requires a process. All successful traders must have experienced bitter experiences in trading such as strategy errors, wrong decision making and so on which resulted in losses. However, they made this an experience for the future, not something to regret. However, it is through failure that they can learn a lot and be more careful in making trading decisions. From experience we can also form a stronger mentality when the market is not going well.
In fact, Trader is simple and easy, if done right. What is difficult is controlling yourself, forcing yourself to trade even though you don't have the knowledge and can't wait for the moment to buy and sell. Making mistakes over and over again does not turn those mistakes into learning and greed. This is what causes a person to experience pressure, fear and doubt when trading.
That is unfortunately true, a lot of people do not realize this but it takes time for people to get used to having what they imagine they could have. People do think that they could simply just make a profit right away, when in fact that is not the case and you may have to wait for it a bit, and usually most people are not willing to wait for it.In fact, Trader is simple and easy, if done right. What is difficult is controlling yourself, forcing yourself to trade even though you don't have the knowledge and can't wait for the moment to buy and sell. Making mistakes over and over again does not turn those mistakes into learning and greed. This is what causes a person to experience pressure, fear and doubt when trading.
This is why the best way to approach this would be just assuming that you are going to make some profit based on whatever technical analysis we need to do. If we can get a good result, that is going to be after we realize that we set out to make that profit, we can't keep second guessing our moves and expect the market to profit us anyway, that is not how it works and we need to keep on trusting our judgement.
Yes, the best way is how you are disciplined in making good decisions and approaches and making good strategies that will make profits later. Your mindset must be changed and assume that the profits you get are the result of what strategies you apply to your trading, so traders are difficult don't get hung up on luck because yes I agree market conditions will not always be in our favor. Enjoy the process will undoubtedly produce good results
In trading, nothing is instant, everything requires a process. All successful traders must have experienced bitter experiences in trading such as strategy errors, wrong decision making and so on which resulted in losses. However, they made this an experience for the future, not something to regret. However, it is through failure that they can learn a lot and be more careful in making trading decisions. From experience we can also form a stronger mentality when the market is not going well.
In fact, Trader is simple and easy, if done right. What is difficult is controlling yourself, forcing yourself to trade even though you don't have the knowledge and can't wait for the moment to buy and sell. Making mistakes over and over again does not turn those mistakes into learning and greed. This is what causes a person to experience pressure, fear and doubt when trading.
That is unfortunately true, a lot of people do not realize this but it takes time for people to get used to having what they imagine they could have. People do think that they could simply just make a profit right away, when in fact that is not the case and you may have to wait for it a bit, and usually most people are not willing to wait for it.In fact, Trader is simple and easy, if done right. What is difficult is controlling yourself, forcing yourself to trade even though you don't have the knowledge and can't wait for the moment to buy and sell. Making mistakes over and over again does not turn those mistakes into learning and greed. This is what causes a person to experience pressure, fear and doubt when trading.
This is why the best way to approach this would be just assuming that you are going to make some profit based on whatever technical analysis we need to do. If we can get a good result, that is going to be after we realize that we set out to make that profit, we can't keep second guessing our moves and expect the market to profit us anyway, that is not how it works and we need to keep on trusting our judgement.
Experience is the best teacher here. Because everything you will learn along the roads. Practice and experience and proper education and knowledge.
Every successful trader started where you are now. With time, persistence, and continuous learning, you can develop your trading skills and confidence, just trust the process.
Every successful trader started where you are now. With time, persistence, and continuous learning, you can develop your trading skills and confidence, just trust the process.
I thought that was wise advice for him, GreatArkansas. We all know that it is impossible to become big on the first day, of course we need to study, observe and analyze until we gain knowledge and experience. Trading cannot always be expected to provide profits for every trader, so they also need to try anticipatory strategies so as not to lose all their money. How long or quickly a trader learns depends on his interest and consistency, but sometimes it is also influenced by his fragile mentality.
In fact, Trader is simple and easy, if done right. What is difficult is controlling yourself, forcing yourself to trade even though you don't have the knowledge and can't wait for the moment to buy and sell. Making mistakes over and over again does not turn those mistakes into learning and greed. This is what causes a person to experience pressure, fear and doubt when trading.
When we trade we must keep a few things in mind like the trading market will fluctuate and trading is always risky and we must trade carefully keeping in mind the risk. Before trading, we must always have a long-term plan for trading. If we can trade with patience and long-term planning, we can definitely get a lot of profit from the trade. Many times it is seen that many new investors lose patience in a short time so don't lose patience if you are interested in trading you must have enough patience. In trading, on the one hand, we have to have a long-term plan, on the other hand, we always have to gain enough knowledge about the trade. If we always have knowledge about the trade market, then we will get profit from the trade at the right time. By trading in this way, we will definitely be one of the successful traders in the future which will help us in future trades and show interest in other trades after seeing our success.
Since the level of risk in trading is high you must proceed with a lot of analysis. You know exactly how much trading will get you ahead and how much it can set you back unless you practice training properly beforehand. For the first time you may lose while trading, then fear will work in you and you may suffer from indecisiveness. You need to spend a long time to master trading yourself, even you may need enough money. If at first you quit trading because you are afraid of losing money, you will never succeed. See I have to set your sights, this kind of sector requires extreme test of patience be it investing or trading.Experience is very important too, while learning and practicing, you will get a good start, but after that start you need to keep grinding and doing more so that you gain a lot of experience, if you do that then eventually you are going to make a lot of money from this as well, you should be careful about that.
Trading is hard but doesn't mean that you would really be that rushing or pushing up yourself desperately on the moment that you do make trading decisions neither entry or exits.
This is why making some realistic goals and approach would really be the key on this one.
After beginners experience several failures of course they will realize the importance of having an understanding first before deciding to trade and also they must be able to be patient with every process we go through because if we cannot be patient it will certainly be difficult to persist in trading and with several failures then we will no longer learn it well so we can't make anything from trading and we will only get losses in trading and it would be better when we first try it, we can use a little capital while we are still in the learning stage and when we understand it well of course we can try it with larger capital to be able to get the profits we want.
Using little capital when you start trading can't be emphasize on more as the losses that traders get starts when they began trading. If you use a small capital, you would no lose so much money when you start trading that you'll be behind and trading to makeup for your losses. All your trades should be for gains, you shouldn't be getting pulled back by how much you have lost. Always manage your capital with precautions so you don't lose too much. As a trader you'll always be faced with different obstacles in the market but you have to be strong against everything so you won't be a loser. Being a trader should make you not to be scared but courageous and attack the market with all the strategies that you have to come out on top.
Demo trading has a serious drawback in the sense that if you were to lose all the capital you had in your demo account, you can get it back with a single click, so a newbie trader can try as many times as they want until they get the positive results they want
That's a valid point, a newbie trader who's using a demo accounts gets the feeling that he/she can trade as many times as possible without losing anything because he/she can get his/her account refilled once it's emptied because of wrong trades. Another thing to note is that with demo trading no liquidity is needed as it's done in a virtual way and that's why a demo trader's $1M market sell order may not dump the value of a coin while in actual trading $1m market sell order can dump value of a coin to huge extent.
I believe newbie traders should learn about those simple things and should only use demo accounts to learn trading interface so in future they can easily do trades by having the same interface. I even recommend traders to use trading view charts as those can be quite useful.
When we trade we must keep a few things in mind like the trading market will fluctuate and trading is always risky and we must trade carefully keeping in mind the risk. Before trading, we must always have a long-term plan for trading. If we can trade with patience and long-term planning, we can definitely get a lot of profit from the trade. Many times it is seen that many new investors lose patience in a short time so don't lose patience if you are interested in trading you must have enough patience. In trading, on the one hand, we have to have a long-term plan, on the other hand, we always have to gain enough knowledge about the trade. If we always have knowledge about the trade market, then we will get profit from the trade at the right time. By trading in this way, we will definitely be one of the successful traders in the future which will help us in future trades and show interest in other trades after seeing our success.
Since the level of risk in trading is high you must proceed with a lot of analysis. You know exactly how much trading will get you ahead and how much it can set you back unless you practice training properly beforehand. For the first time you may lose while trading, then fear will work in you and you may suffer from indecisiveness. You need to spend a long time to master trading yourself, even you may need enough money. If at first you quit trading because you are afraid of losing money, you will never succeed. See I have to set your sights, this kind of sector requires extreme test of patience be it investing or trading.Experience is very important too, while learning and practicing, you will get a good start, but after that start you need to keep grinding and doing more so that you gain a lot of experience, if you do that then eventually you are going to make a lot of money from this as well, you should be careful about that.
Thats why a trader needs to keep learning and always learn and practise as much as you can, thats what will eradicate the fears and pressure. as soon as you make your analysis and place your trade then you dont have a power over the market to make it go your way. all you can do is to cut your losses if you are concerned. thats why you need to test your strategy over and over, this builds confidence and helps you know how to adjust it.
When we trade we must keep a few things in mind like the trading market will fluctuate and trading is always risky and we must trade carefully keeping in mind the risk. Before trading, we must always have a long-term plan for trading. If we can trade with patience and long-term planning, we can definitely get a lot of profit from the trade. Many times it is seen that many new investors lose patience in a short time so don't lose patience if you are interested in trading you must have enough patience. In trading, on the one hand, we have to have a long-term plan, on the other hand, we always have to gain enough knowledge about the trade. If we always have knowledge about the trade market, then we will get profit from the trade at the right time. By trading in this way, we will definitely be one of the successful traders in the future which will help us in future trades and show interest in other trades after seeing our success.
Since the level of risk in trading is high you must proceed with a lot of analysis. You know exactly how much trading will get you ahead and how much it can set you back unless you practice training properly beforehand. For the first time you may lose while trading, then fear will work in you and you may suffer from indecisiveness. You need to spend a long time to master trading yourself, even you may need enough money. If at first you quit trading because you are afraid of losing money, you will never succeed. See I have to set your sights, this kind of sector requires extreme test of patience be it investing or trading. 
Failure experienced by a trader will of course provide experience and learning that they must remember so as not to repeat mistakes like that when they return to trading because without learning about the mistakes we have made, of course it will not be possible to make a profit in trading.
Trying trading on a demo account will certainly make it easier for us to learn about trading so that we will be able to understand trading well before trying it with the capital we have, but when using the funds we have of course this must be done carefully because it is very It's different when we trade with the funds we have.
It's true that valuable learning comes from experience, especially from the bad experiences we get when trading, of course there will be a feeling of wanting to do more to correct these mistakes so that we will get much better learning. I think we will not develop without experience and mistakes in trading. .Trying trading on a demo account will certainly make it easier for us to learn about trading so that we will be able to understand trading well before trying it with the capital we have, but when using the funds we have of course this must be done carefully because it is very It's different when we trade with the funds we have.
There are many things or places to learn in trading as long as there is a great desire for it, I think the time and process that we continue to follow will not betray the results.
Of course there are negative things, but we can turn them all into positive energy.
After beginners experience several failures of course they will realize the importance of having an understanding first before deciding to trade and also they must be able to be patient with every process we go through because if we cannot be patient it will certainly be difficult to persist in trading and with several failures then we will no longer learn it well so we can't make anything from trading and we will only get losses in trading and it would be better when we first try it, we can use a little capital while we are still in the learning stage and when we understand it well of course we can try it with larger capital to be able to get the profits we want.
Even though they already/finally realized it, it can't help that much anymore because they must have learned a lot already but they can use it and gave someone a tip before they start their journey here. With that being said, several failures can actually make you learn it well and you will eventually make money on trading. This is why like you said, patience is also important and as well as having a good amount of capital.There are still demo trading that we can use first, if our capital is only limited. If we want to do trading, obviously we must try it but we may need to equip our selves with good knowledge first and then we need to start with demo trading first.
Trying trading on a demo account will certainly make it easier for us to learn about trading so that we will be able to understand trading well before trying it with the capital we have, but when using the funds we have of course this must be done carefully because it is very It's different when we trade with the funds we have.
When we trade we must keep a few things in mind like the trading market will fluctuate and trading is always risky and we must trade carefully keeping in mind the risk. Before trading, we must always have a long-term plan for trading. If we can trade with patience and long-term planning, we can definitely get a lot of profit from the trade. Many times it is seen that many new investors lose patience in a short time so don't lose patience if you are interested in trading you must have enough patience. In trading, on the one hand, we have to have a long-term plan, on the other hand, we always have to gain enough knowledge about the trade. If we always have knowledge about the trade market, then we will get profit from the trade at the right time. By trading in this way, we will definitely be one of the successful traders in the future which will help us in future trades and show interest in other trades after seeing our success.
There are still demo trading that we can use first, if our capital is only limited.
I'm not in favor of demo trading as that can create fake hope in minds of traders and with that fake hope they believe that they have learnt trading and they can make money from it. If someone's capital is limited then he/she should do very small amount actual trades and learn from his/her mistakes.Those who learn trading with demo accounts often get pressurized when they see big losses in actual trading and that's the reason why I suggest newbies to avoid it. If someone just wants to understand how a trading interference works then for that demo account is okay but for learning of trading demo account isn't recommended at all.
There are still demo trading that we can use first, if our capital is only limited.
I'm not in favor of demo trading as that can create fake hope in minds of traders and with that fake hope they believe that they have learnt trading and they can make money from it. If someone's capital is limited then he/she should do very small amount actual trades and learn from his/her mistakes.Those who learn trading with demo accounts often get pressurized when they see big losses in actual trading and that's the reason why I suggest newbies to avoid it. If someone just wants to understand how a trading interference works then for that demo account is okay but for learning of trading demo account isn't recommended at all.
On the moment that you do decide with doing trading then you should be that prepared on what are the things that you might encounter. Dont make yourself that hopeful because if you do then
you are just that basically putting up yourself on such great or huge trouble.
There are still demo trading that we can use first, if our capital is only limited.
I'm not in favor of demo trading as that can create fake hope in minds of traders and with that fake hope they believe that they have learnt trading and they can make money from it. If someone's capital is limited then he/she should do very small amount actual trades and learn from his/her mistakes.Those who learn trading with demo accounts often get pressurized when they see big losses in actual trading and that's the reason why I suggest newbies to avoid it. If someone just wants to understand how a trading interference works then for that demo account is okay but for learning of trading demo account isn't recommended at all.
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