🌴Mental traps in trading🌴

🧠 Psychology 🧠

🌴Attempt to 'take revenge'
🟠💙You open a new position immediately after closing the previous one by stop loss, without seeing sufficient arguments for re-entering the trade (often happens after a price 'squeeze' and on a small recovery, after a loss - the trader is under the illusion that this is a reversal)

🌴I must 'recoup'
🟠💙You try to enter any trade with the thought that you must return past losses or set false goals for the new trade not based on conditions on the chart, but to 'cover the past loss'. After a series of defeats, you do not take a break until you recover the lost or your balance is reset.
🟠💙You do not use the discovered opportunity, instead you try to find a trade by scrolling through charts for a long time, not understanding what you are looking for, ultimately taking a trade that does not correspond to your risk management and risk-to-profit ratio (a random trade for the sake of a trade).
🟠💙When the quote goes against you, you 'shift' the previously set stop-loss or involve additional volume in the trade 'averaging down', although at the moment of opening the trade you did not plan to do this. This is often accompanied by a persistent feeling that this could save the situation, but in 99% of cases - it is a trap that will lead to more serious losses.
🟠💙You miss the moment to enter the trade and try to 'join' the ongoing movement to grab 'at least half' or you try to enter the trade on an 'impulse' caused by an event/news.
✔️🌴Conclusion: averaging positions is prohibited (on unplanned volume), moving the stop is prohibited (do not let emotions control your risks), be selective with trades (only those that correspond to RM and RR), do not let past losses affect your new trades and results (do not try to recoup losses, otherwise you will lose everything), do not succumb to emotions during impulsive movements (you will be chopped up, liquidated as a 'late long', there are a million other opportunities daily). And do not forget that margin trading is a dangerous tool (very similar to a casino), you will often encounter 'irrational' movements, manipulations, random 'hits on the order book' of large holders. It is important to remember that the market can be irrational much longer than you are solvent.

🌴This is only a small part🌴
Well, I think many face this, rather I am sure!!!😎
Perhaps it will help someone to see themselves, and reconsider their actions in the market🤝

🌴Prepared especially for the Binance/TG community🤝
🌴 @TradeNet_3000_ai 🌴