Staying Detached While Trading for a Living

Experienced and surviving traders have the ability to stay detached or disconnected from trades that do work and trades that don’t. Contrarily new traders have trouble with this and have a hard time taking trading losses and accepting eventual draw downs. If you truly want to succeed in trading and be able to trade for a living…do not put your ego or any personal significance to an everyday trade. You will always have losses and trades that do not work. There is no way to avoid them. Your goal is to be consistent and follow your trading plan which matches your personality.

Disappointment is a natural emotion. Take your losing trades and use them to learn what to do better…or in many cases simply the trade did not work. No emotional guilt trip.

Develop a trading plan and have the fortitude to follow it…
Past performance is not indicative of future performance

Be Sociable, Share!

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>