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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