Let's start the month with one of the most important topics: The Tradingpsychology.
It#S quite intresting: If you give the same trading strategy to deiffrent people they get diffrent resaults. Even so the Stop-Loss and Take-Profit are clear from the beginning.
However many people just get nervous and loose faith in the trade and in their systems. Most systems loose approx. 50% of their trades and still are worthwhile cause they get more pips in a winning than in a loosing position. 50 % is too much for most people.
They simple can't handle loosing half the time. But thats trading! You loose and you have to accept losses and not try to wind your way out of it through removing the SL or just close the position with a really tiny win.
Go through with your strategy with discipline and you will, at the end of the month, be in the positives.
It#S quite intresting: If you give the same trading strategy to deiffrent people they get diffrent resaults. Even so the Stop-Loss and Take-Profit are clear from the beginning.
However many people just get nervous and loose faith in the trade and in their systems. Most systems loose approx. 50% of their trades and still are worthwhile cause they get more pips in a winning than in a loosing position. 50 % is too much for most people.
They simple can't handle loosing half the time. But thats trading! You loose and you have to accept losses and not try to wind your way out of it through removing the SL or just close the position with a really tiny win.
Go through with your strategy with discipline and you will, at the end of the month, be in the positives.
