1. Trade With a Clear Mind
Do not make emotional
decisions. Realize that emotions are emotions. What differentiates the
successful traders from others is how we recalibrate our reactions to
our emotions. Clear mind will never have Trading Fear
I was
watching an interview with a surfer. The interviewer asked him what he
does when a big surf comes and he goes underwater. The surfer said it
was simple. “If I panic, I only have 3-5 seconds of air to breathe. If I stay calm, I have 45-60 seconds of air.“
What
does surfing have to do with trading? If you panic and operate from a
place of fear, you could lose all of your capital. However, if you take a
moment and think about your strategies, you can have much better
results.
2. Look at Your Trading Positions Objectively
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