Investing Talk

oiltrader72 · Guest

How does psychology affect in your trading? (Trading Options, Forex,
Stocks, Indices, Commodities)

One of the most important skills for a successful trader is separating
emotions from trading. In order to succeed, a trader must be abstract
in their trading. For example, if you are trading your Profit and Loss
balance instead of your chart, you will panic during typical price
fluctuations, causing you to exit your trades early -- only to watch
as the market then resumes its original path. Why? Because you are
emotionally vested with your money. You are watching your Profit ticks
up and then you are watching as your profit ticks down, against you,
resulting in a negative balance. Emotionally, you have created the
perfect roller coaster ride in favor of the markets. Although, you
know, intuitively that markets will not go straight up, you have don't
like losing money and, therefore, with the trade against you, you will
exit if you can just "break even".

Visit http://www.Hawkeyetraders.com for additional reading articles on
psychology of trading.

During your trading, remember these simple guidelines:
• Every trade cannot be a winner. Negatives trades are inevitable.
• The closer you are to the market the more negative trades you will
have.
• Always start your trading day with a clear slate. What happened
yesterday is past. Today is a new day.
• If you have had several consecutive negative days, take a break from
trading.
• Having a trading plan instills confidence in you, your indicators,
and your trading. Don't trade without one.
• Know at any given moment what the potential risk is. If you cannot
tolerate the risk, then do not enter the trade.
• Remember, trading is nothing more than probabilities. Ask yourself
what is the probability that this trade will work out?
• Keep a trading journal so that you can mistakes and correct them.
• Trade what you see on your chart -- not the opinions of newscasters,
friends, newsletters, or your own.

This is why we are running a live trading room every week. By forcing
you to watch the same methodology, setups, timeframes, rules, and
entry-exit plans a trader can build his confidence. You will watch
negative days and positive days in our room. You will learn how to
overcome your emotions. We will guide you with live commentary on
markets by pointing out the probabilities on the live edge of the
market. So if you are still looking for a system that works for you
with the "perfect" timeframe, market or input, then these FREE live-
trading sessions are for you!
These sessions are FREE for everybody! Watch a successful trading
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FREE session Schedule for every week is as follows –
Remember all times are Eastern Standard Time

TUESDAY 7:30 AM EST FOREX TRADING
TUESDAY 9:15 AM EST INDICES TRADING

WEDNESDAY 7:30 AM EST FOREX TRADING
WEDNESDAY 9:15 AM EST INDICES TRADING

THURSDAY 11:00 AM EST LONG TERM FOREX TRADING
THURSDAY 11:30 AM EST STOCK & COMMODITY TRADING

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