As the market has opened and prices are moving, you are observing it. The question is whether you are living in the present, comprehending the market, or experiencing it in the past. The common assumption among people who enter trading is that it is easy to make money in the share market, but they fail to realize that consistency is necessary for success.
Newbies have low knowledge and high expectations, while senior newbies have more knowledge and have lower expectations. Intermediates often struggle to control their emotions while trading.
The intermediate phase is crucial in determining whether a person will become a consistent trader or not. The more time a person spends in this phase, the more likely they are to become a consistent trader.
Why? The individual will repeatedly correct their mistakes, forming a habit that reinforces the neural connections in the brain and establishes it as a regular behavior.
Individuals who engage in revenge trading, impulsive trading, and excessive trading for years fall into this category. Can you steer clear of it? No. Every trader experiences this stage. It is during this stage that they discover the path to becoming a consistent trader. Do you have harmful trading habits that sabotage your success? What elements influence the length of the intermediate phase?
Activity: Record your self-sabotaging trading behaviors. Analyze your trades to gain insight into them. (To be continued next week...)
Newbies have low knowledge and high expectations, while senior newbies have more knowledge and have lower expectations. Intermediates often struggle to control their emotions while trading.
The intermediate phase is crucial in determining whether a person will become a consistent trader or not. The more time a person spends in this phase, the more likely they are to become a consistent trader.
Why? The individual will repeatedly correct their mistakes, forming a habit that reinforces the neural connections in the brain and establishes it as a regular behavior.
Individuals who engage in revenge trading, impulsive trading, and excessive trading for years fall into this category. Can you steer clear of it? No. Every trader experiences this stage. It is during this stage that they discover the path to becoming a consistent trader. Do you have harmful trading habits that sabotage your success? What elements influence the length of the intermediate phase?
Activity: Record your self-sabotaging trading behaviors. Analyze your trades to gain insight into them. (To be continued next week...)
Nota
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La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.