The battle is not against the market, the battle is inside you

 

 

 

Here are 2 brutal facts:

-The average lifespan of a day trader is just 3 weeks

-95% of all traders lose their money

Yet despite these stats, almost everyone thinks they can beat the market by wading into the pool immediately and identifying a trade. Most of the research says they can’t. But they try anyway.

Why is that?

Simply put, traders lose because their trading decisions are not based on systematic trading methods, but on emotions, the need for entertainment and the blind hope that they’ll make a million dollars in their underwear.

Greed, Fear, Hope, Pain

Emotional trading is the single biggest reason would be traders fail. But that doesn’t mean you can’t make money by trading. We are making it and our traders and members are making it.

So what we do differently?

Here is the list of the mental and emotional traps you have to overcome (or to, avoid completely).

• Mistake: You fail when your ego is at stake… Fear of being stopped out or fear of taking a loss. The usual reason for this is that the trader fears failure and feels that he can’t take another loss.
• Mistake: You fail when you indulge your need for instant gratification-Getting out of trades too early. Relieving anxiety by closing a position. Fear of position reversal and as a result, feeling let down. Adding to a losing position. Being unwilling to admit your trade is wrong and hoping that it will come back.
• Mistake: You fail when you can’t accept the current market situation. Wishing and hoping: not wanting to take control or responsibility for the trade.
• Mistake: You fail when you “need to feel like you’re in the game”Compulsive trading: drawn to the excitement of the markets. Presence of addiction and gambling issues.
• Mistake: You fail when you are feeling unrealistically “in control” of the market- Excessive joy after a winning trade or relating your self-worth to the markets. Feeling like you’ve figured it all out.
• Mistake: You fail when you let poor self-esteem influence your trades-Limiting profits: feeling that you don’t deserve to be successful, to have money, or to make profits.
• Mistake: You fail when you don’t accept the unknown-Over-thinking your trade, second-guessing your trading signals: fear of loss or being wrong. Wanting a sure thing where sure things don’t exist. Not understanding the fact that loss is part of trading and the outcome of each trade is unknown. Not accepting the fact that trading imposes risks.
• Mistake: You fail when you need complete control-When you’re afraid to trade and have no trading system in place. Not comfortable with risk and the unknown. Fear of total loss. Fear of ridicule.
• Mistake: You fail when you have unrealistic expectations.When you’re irritable after the trading day. Giving too much attention to trading results and not enough attention to the process itself and to learning the skills of trading.
• Mistake: You fail when you’re desperate. When you’re trading with money you can’t afford to lose, or trading with borrowed money: last hope for success. Fear of losing your chance for the opportunity. No discipline. Greed. Desperation.
• Mistake: You fail when you don’t trust your ability to choose a successful system-Not following your proven trading system: you don’t really believe it works. You did not test it well. It doesn’t match your personality. You want more excitement in trading.

Of course, there is an easier way to trade without this run around in your mind every day, but you need to work on that.

And remember, if you really want your trades to work then you have 2 choices. The hard way: you can try and personal battle to overcome each and every one of these pitfalls.Or the easy way: you can simply avoid these pitfalls altogether by choosing trading support that will always be near to help you to overcome emotions, to give you guidelines, and offer you a second opinion.

How to completely avoid emotional trading (and actually make money)?

Trading the forex market requires a sound trading strategy that you can execute efficiently.  In addition, you need to be able to follow a disciplined trading plan and avoid letting your emotions get in the way.  You must understand that fear is a very powerful emotion.  Most traders feel pain when they are losing money.  This is a psychological crutch and needs to be addressed by each trader.

To improve your trading psychology and to improve your trading we have developed a Funded trader program that will provide you intensive three weeks training. We will prepare you to and constantly overview how to:

•  Apply proper Methods and Strategies (using Technical Analysis of course)
•  Apply good Money Management
• Discipline to manage your emotions and working on your trader mindset (easy to say, but far away from easy to apply even for experienced traders)

Top-down trading technical analysis, we developed over time, have all that you need to overcome emotions. Analysis starting from the higher time-frames will lead you to reveal the key breakout, support, and resistance level which will give you high probability entries with the low risk (proper money management), but this approach also requires discipline. These three basic principles compiled, should lead to long-term profitability and it should change your mindset in trading, meaning not to give up after the period of drawdown, and managing your emotions in difficult trading periods and difficult market conditions.

Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss, and Take Profit levels with high accuracy and allows you to make position risk free. We are publishing daily and weekly analysis and 5-10 trade alerts per week directly on your mobile device via Private Telegram group!