Guys, I've gathered everything essential for you. A small checklist that I use in my own trading.
Here are tips on psychology and trading strategy.
Emotions are inevitable; there's no need to fear them. It's just important to learn how to work with them properly.
Don't treat every trade as decisive
One trade does not determine the result. In trading, it's important to work over the long term. The desire to have a 100% win rate reduces the quality of entries — it leads to haste, emotions, and unreasonable risk.
2. Don't lose in silence — discuss it
When something isn't working — don't isolate yourself. Discuss the trade, show the chart, talk about the mistakes — it's always easier to look at it objectively from the outside. If you stay silent, your mind will come up with excuses and you'll lose again.
3. Limit the number of trades in advance
Limit: a maximum of 2-3 trades per day. If you catch yourself trying to 'make up for losses' — trading is immediately closed until tomorrow.
4. Don't trade during an emotional surge
After a large profit or, conversely, a stop-loss, take a break for at least 1 hour.
5. Keep a trading journal
Write briefly: entry / exit / reason / emotions. Analyzing afterwards is the best prevention of gambling addiction. You will see that losses almost always coincide with violations of your own system.
6. Allocate a 'risk zone' in your trading account. Don't trade with your main account.
Allocate an amount in advance that you are willing to lose without pain — and trade only that. This greatly reduces tension and protects against breakdowns.
7. Stop-loss = a mandatory condition
If you closed a series of trades at a loss - a ban on entering the market until the next day. No exceptions. This is a key filter that separates you from emotions.
I recommend saving this post for yourself, as it will definitely come in handy 🤝
How often do you feel that emotions lead you to impulsive decisions in trading?
🔥 — Constantly
❤️ — Sometimes
👍 — This almost never happens
