Do you guys have any psychological advice for other traders?

[Michael Carter]

Hello, Do you guys have any psychological advice for other traders?

 

[zayan]

The best i got from Adam Kho, trust your analysis, get in a trade, if you have a fomo issue, close your laptop until it hits your TP or SL.

 

[pippin]

Hello, Do you guys have any psychological advice for other traders?

Yeah use as low leverage as possible and don't trade with the funds you can't afford to lose. For example my leverage at HFM is currently capped at 1:50 and I'm planning to reduce it even further. It's really comfortable and you feel more responsibility because you put a lot on the table.

 

[Fin_Trader]

Do not try to immediately recover the loss of a failed trade. This is a very common mistake among many traders who immediately want to take revenge, which leads to even greater losses. We need to be able to wait for the following conditions for making trades and only when they appear from your trading strategy, then there will be a chance to compensate for this loss.

 

[artanec1234567]

or maybe, if you can code, you can write yourself a little script to do it for you