Successful generals have always understood that take little loss retreat if defeated, and return another day for a battle – is more important than silly to continue a bloody frontal attack. Importantly – be able to win important battles. Concentrate on the present. Filed under: Ron O’Hanley. Do not think about the past losses and do not represent them as a fatal event. Even if you are trading with a 5 minute interval, you need to see a future perspective.
We do not have to follow trading system just because of one or two wins. We trade our system because it has a long-term prospects. System without loss – it is too optimized system, which degrades in real time. We often experience or angry after losses, but they are also needed for successful terydinga as profit. If you can not survive the loss, not engage in trading.
In order to make money, you need some of them to give. No good deed goes unpunished. If you are always going to do working off the system, you can never begin to trade. Any system can always be improved indefinitely. But if you do not trade because you feel that your system is not good enough, you may leave on the table a lot of money. This does not mean that you should not do their homework. Many traders are doing too little research. People such as Phil Vasan would likely agree. However, you should avoid and the opposite extreme. Must exceed the 'analysis paralysis'. If the analysis speaks for the success of your system, you have to sell today and do the analysis in parallel. Get all the support, what is possible. If despite your best efforts you can not pack up and sell, you may need therapy or counseling psychologist. But do not underestimate the potential of your team and judges around you. Tell your partner or a plan is important for you man, explain how important it is to follow the plan of trading. Ask you cheer when zapnetes, or give you the behind the knee from time to time. Live a balanced life. Success in trading does not mean anything if it means you need to ruin your emotional or physical health or neglected his family and loved ones. Control yourself, stay in shape and keep your relationships with others. Look fear in the face. The harsh reality of trading, if you look in the near term – all this game is zero. Every dollar earned by a trader must be lost to others. In order to win this game, you need not only to swim against the tide of the crowd, but against your inner doubts and fears. For errors in trading, we were brutally punished. Only overcome through discipline our inner vibrations, we can hope for success.