by Gavin M
Trading is difficult enough. You have to manage your emotional and mental states while trying to ensure that your hard-earned money actually yields something worthwhile. This is why you must find a way to really find peace in what you are doing. It's easier said than done, I know. Emotions run high as you put money into the market. The market itself already is cheating. This has already been proven by a lot of people out there. So let's explore some key factors that pose as significant challenges to your success as a trader. Externally, your main opponent is the incessant noise from market 'experts'. Sadly, a lot of big funds listen to these experts and they position accordingly. This further distorts the market. You must find a way to quiet the noise and find your sweet spot as they say. Internally, your main enemy is yourself. You are greedy, optimistic and scared all at the same time. How do you manage your emotions? How do you cope with a losing trade? We all have losing trades. We think the market goes a certain way, we position accordingly and then it does not. We end up with a loss, small or big and we punish ourselves further. We all grapple with these issues. Those of us who trade this ridiculously manipulated market daily know the emotions all too well. The stress can be managed but only if you accept reality as it is. In the end, your success largely depends on how you manage your perception of the markets and trading in general. Good luck!
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Multiple AuthorsTraders from Equity Sense will be writing on this blog on positions and other market-related things. Archives
May 2018
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