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...)
emotional control... several time self exited trades quickly in loss even after keeping SL and not waiting for SL / target hit...
Later regretted that i exited quick due to no emotional control... now i'm trying to hold my emotions and strictly following the strategy either target / SL and analyze them
vanathi
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@PraveenV37, Slow down your emotion instead of controlling it. We can train our emotions.
parabrakesh82
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Nice post
Naveengfx
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ThanQ Vanathi mam...your queries are soo good..ThanQ :)
Later regretted that i exited quick due to no emotional control... now i'm trying to hold my emotions and strictly following the strategy either target / SL and analyze them