Your mind is the real battlefield in trading! 🧠
You may master all the technical analysis strategies, but if you don't control your mind, loss will remain your ally. Trading is 90% psychology and 10% strategy.
Your two biggest enemies as a trader:
Fear: It makes you close winning trades early or hesitate to enter a clear opportunity.
Greed: It pushes you to increase your risk exposure or not take profits in the hope of making more, which can turn profit into loss.
How do you win this battle?
Have a strict trading plan: Set your entry, exit, stop loss, and target points before starting the trade.
Stick to the plan: Don't let your emotions drive you. Trust your analysis and stick to what you planned beforehand.
Accept loss: Loss is an integral part of trading. There is no 100% successful strategy. Learn from your mistakes and move forward.
Take a break: If you feel overwhelmed or emotionally affected, step away from the screen. Rash decisions are the worst.
Remember, a successful trader is not the one who doesn't make mistakes, but the one who controls their emotions and learns from their mistakes.
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