When J said trading will teach you to be a better human being he wasn't kidding. Not only can it teach you to be a better human being, but it can teach you to make better life decisions.... To stop, think and analyse. What is the trend? Where is your support? Where is your resistance? What are the chances of this trade going up vs the chance of it going down? Do not make a trade for fear of missing out. Do not make a trade on an impulse. Do not make a trade blindly. Weight the potential risk vs potential reward. And if you do get stuck in a bad trade, be patient & ride it out. Try get back to where you were when you got in & don't sell at a loss if you can help it. Cut of your emotions & stay focused on the exit strategy. Learn patience & resilience. Life will give you an opportunity to get out & when it does, take it!! Then breath....you made it ..
Live like a trader
6 years ago by ghostflamingo (25)