IRRESISTIBLE URGE IN TRADING

In trading, there is a very familiar feeling that everyone has experienced, which is the state of: "irresistible urge".

It is not a clear setup signal.

It is not the plan that you have laid out.

It simply is... the feeling that you must enter a trade immediately.

"Because I think this is a golden opportunity, rare, if I don't enter now, I will miss a sure win opportunity within reach, entering at this moment is no longer in my trading system, and along with that, there is no stop loss, high volume, no capital management, and a thought like a nail in my head that says 'this trade will win'.

This irresistible urge comes from FOMO (fear of missing out), from greed, from the fear of falling behind, the fear of not having any more opportunities in the future, so at that moment, your mind is no longer clear, you are trading based on emotions and it leads to a series of mistakes such as DCA to break even, revenge trading, the result is what you probably already know, blowing the account is a given.

So when you have this emotional state of "IRRESISTIBLE URGE" repeating while you trade, take a 5-second pause to ask yourself: Is this entry based on my system or my emotions? Start checking the checklist of entry conditions to see if they are met; if they are, it means you are trading within your system, so it’s okay to enter the trade. If not, it means you are being led by emotions, at this point, turn off the machine, close the app, go outside, and repeat this process gradually, then you will cure this issue, and from there, your trading journey will have a significant leap in terms of mindset and emotions.

#tradingtips