NYSE ki
Trading on the stock exchange would not be so difficult without periodic nerves and frustrations. A permanent streak of luck is possible only in fairy tales. Even the best traders take two steps forward, three back and then a half forward, and after all this they are surprised, why are they so exhausted, , in fact, practically did not budge.
Over the years I have developed several tactics, contributing to the maintenance of a normal mental state, so necessary, so as not to go crazy with this sometimes crazy work. And today I would like to share with you a few tips.
As soon as you thought about, what you need to end the trading session, finish.
There comes a moment in the session, when the thought comes to mind: “Maybe, enough for today”.
Now I follow this thought without hesitation. I just close the terminal. When I start the session, i concentrate on work. At first there is a certain excitement, which then weakens, and I dive into work. I try to stick to my strategy, keeping emotions in check.
But sooner or later my brain gets tired of working in this mode., i'm starting to get distracted. Or, for example, i could have a bad day, and all this negativity starts to come out of me. Then I have a thought: “May be, it's time to wrap up”.
I have often ignored this thought. I told myself, that I just need to focus and keep trading. Then I began to notice, that nothing good came of it. Think, what for all those periods, when i didn't follow this thought, I'm in a very decent minus. In fact, this is how it is. I don't remember a single time, when I continued to trade in this state, and suddenly a miracle happened.
So here's my advice for you: as soon as you feel, that you'd better end the session, finish it. Unless you set a specific time frame for yourself., you can finish anytime.
It doesn't matter, did you trade for only half an hour, just close the terminal. Even if you've spent a few hours, to make a check before the stock exchange opens, shut up. If you are not going to put an end to trading that day, take yourself a good break. Go have a beer and watch a sports match. Thereafter, maybe, you will be able to get down to business with renewed vigor.
But in general,, when you start thinking about ending the session, it's better to just go out. It will save you a lot of nerves..
Don't get hung up on session results.
I know, it's difficult, but if you can, mental stress in trading will be easier for you. Just don't get hung up on the results of one session.
What is meant by this?
“Yo-my, Total + $130 per day. One more deal and I'll be back to that, where did I start ".
"Now I will make a couple of deals , just a little more. I'm on fire ".
"I have had + $800, and now – $100, where's the justice?».
Such thoughts with probability 100% lead you to a dead end.
Any results from one particular session mean nothing. This information has practically no effect on the overall. It doesn't matter, Have you traded the day with a plus, minus or zero. It doesn't matter, how many stops have you caught since your peak. This information should in no way influence your decision to continue trading or not..
Finally, such thoughts negatively affect your trading . Some, being in a small plus, start to trade too conservatively, other, vice versa, lose self-control, having lost or earned several hundred dollars. While you think about, how much did you win or lose, you will never trade better.
So just stop thinking about it.
Understand the deals.
After the session, remember or write down any transaction. Most people, usually, choose the deal in which they lost the most money, but it doesn't have to be this deal. Instead, I would suggest choosing a deal, which is the stupidest and figure out why you entered it or did it wrong.
Parse this deal . Assess your chances. Would you go into it again ? Or are you logged in correctly, just this time you are out of luck?
What is the purpose of this exercise? You analyze past trades until then, until you understand, what exactly did you do wrong. If you do this after every session, you will progress. Give priority to this., do not think about losses and gains, and your nervous system will be reliably protected.
