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Trader's Queries - Trading Psychology Part - 4
We keep our home, working environment clean. And we keep ourselves clean. Do we clean our mind? Do we remove the dirts from it? Read the post to understand how it is related to trading as I am not talking about philosophy or health. Every thought comes in our mind forms a pattern. These patterns form as habits. And these habits define us. Similar way every trade create a ripple in our thoughts. For example when a trader get few consecutive successful scalping trades
which has the trading duration as few minutes starts to think I can make money if the trading duration is few minutes. This thought creates an insecured feeling when the trade is not getting over in few minutes. It prevents to enter a lengthy trade.
I have seen people who scold the scripts when the price action is not moving in their expected direction. This hate, anger and frustration makes us unstable when entering next trade in the same script. During and after a trade we should not feel any emotion towards the script. Check your thoughts during and after trade. If there is no emotional burst, it means you are the master trader(infact a monk).
Remove the emotions from your mind after every trade. Clear your mind after every trading day. Review your mind at the weekend. Make the necessary changes and evolve. We have the power to create our destiny, our career and our trades!!!
which has the trading duration as few minutes starts to think I can make money if the trading duration is few minutes. This thought creates an insecured feeling when the trade is not getting over in few minutes. It prevents to enter a lengthy trade.
I have seen people who scold the scripts when the price action is not moving in their expected direction. This hate, anger and frustration makes us unstable when entering next trade in the same script. During and after a trade we should not feel any emotion towards the script. Check your thoughts during and after trade. If there is no emotional burst, it means you are the master trader(infact a monk).
Remove the emotions from your mind after every trade. Clear your mind after every trading day. Review your mind at the weekend. Make the necessary changes and evolve. We have the power to create our destiny, our career and our trades!!!
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