YOU ARE WINNING AND THEY ARE STILL MESSING WITH YOUR HEAD! ~ forex trading books in tamil
Believe Your Eyes
Trading is a psychological warfare that even when you are winning, they are still messing with your head (manipulating your mind). There are times like doji days when the market is so frustrating that you feel like your head is going to explode. When you crawl away, your emotions are so frayed and you are so battle scarred that you dont know what to do with all of that bottled up frustration and anger.
No matter how much you try to find the edge, it keeps alluding you. You keep digging a deeper and deeper hole, losing more money, and the pressure builds until your mind is tied in a knot so tightly that you lash out whether verbally or physically. After this kind of a day of brain-bashing, confidence-shaking, emotional upheaval cause by a choppy market; you are in a kind of market shell shock or psychological trauma.
I dont know all of the answers, but I have a few suggestions when you feel out-of-control. First push your chair away from your screen and distract yourself with something more relaxing, stress relieving and fun. Sometimes, you will have to take a day or two off just regaining your focus and rebuilding your confidence.
After you have created the distraction by dancing, working-out, meditating, visiting a friend, going to the movies, etc., come back to good solid forex education like this and reinforce what you know to be true. Go study those tricky charts, watch videos, talk to other traders,-------DO WHATEVER IT TAKES TO HELP YOU REGAIN YOUR EDGE!
After they have given you a good spin in the blender, the market will usually trend again HARD, but so many traders are still in such a state of shock, panic and anger from the day/week of spinning that they miss the really good trend.
The most important thing you can do during and after these times is to trade a good plan with consistent discipline even on losing days. Bad trading days tempt you to abandon good, solid trading habits, but DONT DO IT ! If you abandon a good plan, when the market comes back - you wont trade it out of fear that the market is going to turn on you again.
The psychological effects of trading can be much more devastating than any amount of money that you lose, it is a sort of mental scarring that can take place after a really hard trading bout, therefore you must trade a good plan consistently. Cut bad trades quickly and ALLOW YOUR WINNERS TO RUN!!! It maybe hard, but doing these things will give you the edge and KEEP YOU IN CONTROL during the hard times.
YOU CAN DO THIS (^_^)!
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