Saturday, June 15

Learn Price Action Trading to get rid of emotions in trading

Most of  traders during my interaction with them says the following " Looking at most of indicators which were oversold we took long in market but the market keep on falling down and we need to bear huge loss" .

Once the position you are holding is down by 5-6%, traders will not be interested in booking loss as their emotions will overpower them stopping them from booking loss and giving assurance market will bounce back. Sometimes they get Lucky market do bounce back giving them space for exiting positions in minimum loss for those unlucky their trading account goes bust and they are forced to quit the market.
So how to tackle the emotional side of trader and reduce his dependance on indicators?
Price action trading strategies provide  high probability entry signals and also keep the emotional side of trader under control.Most of traders know that to find success in trading they need to be disciplined .

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