Since I just noticed there is a topic here called Psychological Tips & Tricks, I decided to share some of key points that I found contribute your trading success. They have been literally milestone of my trading journey. Posts I will share on this topic will help you to trade more emotionless and more progressively. They will not just help you in trading but hopefuly will help you in every aspect of life and investment area.
Of course what I will share here wont have mean for you If you do not follow some strategies but I realized that, most of the time things lead your failure are not strategies you use, it is yourself! That s why maybe some of traders say that trading is 75% psychological. You have to have strong decision making process that not affected by emotions so you can apply just what you observed or learnt earlier. But in a field that nothing is constant and all filled with uncertainty, this being indeed a challenging task.
You will learn to enjoy your process and your failures. You will learn to see things in a probabilistic manner. These are two major achievements I believe you need to grasp.
Some may ask failing is not enjoyable and I have questioned this too!
Let me directly quote the mail that I sent to a trader 3 months ago:
I am trying to be serious about trading and i want trading be my daily earnings. I prefer trading like what others like since i think it gives freedom in terms of both money and time. But some days i feel like beeing slave of my monitor by looking for opportunities. This is not a professional approach and mind. And knowing that does not help me. I open my platforms at Eu open and watching till late Us session nonstop on my free days. But this affects me in a bad way most of the time. Price slow mostly and doing nothing. After some hours of waiting and waiting i can trade really bad trades. I make poor reasons which are not really good market reading my trades' reason. After some trades i question the validity of the trade that i just took and thinking about exiting. These are really bad and broke my hearth. You said nothing is a reason to be sad in market but i want to be successful. This is hard.
and a part from the respond:
For any trading problem, there is always a solution. The only reason to stop trading altogether is if you really don't like it. But this should not be a matter of winning or losing, because losing days all part of the game.
Please feel free to contribute or ask, so we all can learn together. I will post here not just for you guys, for myself as well