Do you often force your Trades

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Do you often force your Trades?

There are some points in your entire trading experience that you felt like the market hates you and nothing are really going your way. In these scenarios, what do you often do? Do you move backwards and try to get back your focus? Or do you try harder to prove that you are better than you think you are?If you are doing the latter then you are pretty prone towards forcing your trade. This does not only include getting trades that do not meet by your trading rules. These trading restrictions sometimes take place when you are desperate about making things happen rather than easily reacting to what is really happening.

WHAT IS THE IDEA?

What is quite interesting is that that the attributes of ay thriving trader, like being aggressive or competitive may also lead to probably downfalls. A very cut throat trader can have problems being calm while caught in between a losing streak which them leads to over leveraging or over trading just to have his/her cash back.

The idea the regularly divides profitable traders from the group are that they can control their trading decisions as well as their emotions. A great way to control these elements is by transforming your trading rules to positive trading habits.

Initially, following your own rules about risk management, leveraging, position sizing, and loss placement prevention may be very challenging. But if you are hopeful towards making up for your personal losses, you will most likely be lured to trade without stopping and take more risks. In such a scenario, you have to remember that trading is all about grabbing chances when they are there rather than chasing them around the market. The fact is that you have no control whatsoever of market moves, but you are in clear control of your personal preparations and reactions to these market movements.

Famous trading psychologist, Dr. Brett Steenbarger compared trading to waltzing with trading markets where traders have to agree to the market and that it is taking its lead. If you try to lead the trading market by assuming future action of prices, you may fall over and miss the chance on more gainful moves. The only thing that you have to do is by getting the correct timing and being in sync with market movements.

FINALE

Trading is a tough process. You have to be very patient about making your moves.

Are You Forcing Your Forex Trades?

At some point during your trading experience, you might have felt like the market is out to get you and that absolutely nothing is going your way.

In these situations, do you a.) take a step back to regain focus or b.) try harder and prove that you can catch pips no matter what?

If the latter applies to you more often than not, then you might be prone to forcing your trades.

Forcing trades usually means taking trades that don’t meet your trading rules, though it could also mean taking positions that are too large or trading too often for your comfort levels.

These trading no-no’s often take place when one is bent on making things happen instead of simply reacting to what is happening.

Remember that some characteristics of a successful trader, such as being competitive and aggressive, can also be potential pitfalls.

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A highly competitive trader, for example, might have trouble staying calm and collected while in the middle of a nasty losing streak, and eventually resort to overtrading, revenge trading, or over-leveraging just to make his or her money back.

So, how do you avoid the temptation of forcing your trades?

The answer, according to my favorite trading psychologist Dr. Brett Steenbarger, is to turn your rules into habits.

Like in any habit formation, the hardest part is at the beginning.

For forex traders, this is the part where you force yourself to follow your tried-and-tested rules on position sizing, leveraging, stop loss placements, and risk management. Write down your rules and follow a check list if it helps.

The process gets easier as you develop a rhythm and see the (hopefully positive) results of strictly sticking to your plans.

When you trust your own system and you don’t want to fix something that ain’t broke, then you’ll be less tempted to force your trades the next time you feel the urge to do it.

If you haven’t found a set of trading rules that would keep you away from forced trades, then all you need to do is remember that profitable traders stay ahead of the rest of the pack because they make decisions based on probabilities and not on emotions.

Consistently profitable traders recognize that trading is a dance where the market ALWAYS takes the lead.

If you attempt to lead the market by anticipating future price action, or find beats (read: opportunities) where there aren’t any, then you could fall flat on your face and miss out on the more profitable moves.

Remember that trading is a marathon and not a sprint. The goal is to trade for another day until you learn how to be consistently profitable with your strategies. Don’t sabotage your progress by forcing your trades.

Are You Forcing Your Forex Trades?

At some point during your trading experience, you might have felt like the market is out to get you and that absolutely nothing is going your way.

In these situations, do you a.) take a step back to regain focus or b.) try harder and prove that you can catch pips no matter what?

If the latter applies to you more often than not, then you might be prone to forcing your trades.

Forcing trades usually means taking trades that don’t meet your trading rules, though it could also mean taking positions that are too large or trading too often for your comfort levels.

These trading no-no’s often take place when one is bent on making things happen instead of simply reacting to what is happening.

Remember that some characteristics of a successful trader, such as being competitive and aggressive, can also be potential pitfalls.

A highly competitive trader, for example, might have trouble staying calm and collected while in the middle of a nasty losing streak, and eventually resort to overtrading, revenge trading, or over-leveraging just to make his or her money back.

So, how do you avoid the temptation of forcing your trades? The answer, according to my favorite trading psychologist Dr. Brett Steenbarger, is to turn your rules into habits.

Like in any habit formation, the hardest part is at the beginning.

For forex traders, this is the part where you force yourself to follow your tried-and-tested rules on position sizing, leveraging, stop loss placements, and risk management. Write down your rules and follow a check list if it helps.

The process gets easier as you develop a rhythm and see the (hopefully positive) results of strictly sticking to your plans.

When you trust your own system and you don’t want to fix something that ain’t broke, then you’ll be less tempted to force your trades the next time you feel the urge to do it.

If you haven’t found a set of trading rules that would keep you away from forced trades, then all you need to do is remember that profitable traders stay ahead of the rest of the pack because they make decisions based on probabilities and not on emotions.

Consistently profitable traders recognize that trading is a dance where the market ALWAYS takes the lead.

If you attempt to lead the market by anticipating future price action, or find beats (read: opportunities) where there aren’t any, then you could fall flat on your face and miss out on the more profitable moves.

Remember that trading is a marathon and not a sprint. The goal is to trade for another day until you learn how to be consistently profitable with your strategies. Don’t sabotage your progress by forcing your trades.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

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